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of <h1>Foreign Insurers Can Offer Health, Property, and General Insurance to Indian Residents Under Specific Remittance and Authorization Rules</h1> Regulation addresses insurance policies for residents in India issued by foreign insurers. Residents can take health insurance policies within Liberalised Remittance Scheme limits. Property or vessel insurance requires Insurance Regulatory and Development Authority permission. General insurance policies can be held with specific Central Government authorization. Policies obtained while residing abroad can be continued. Maturity proceeds from policies paid in India must be repatriated within seven days through banking channels.
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