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of <h1>Indian Residents Can Hold Foreign Life Insurance Policies with RBI Approval, Requiring Specific Repatriation Procedures</h1> Regulation addresses life insurance policies issued outside India for Indian residents. Individuals can take or hold such policies with Reserve Bank of India's permission. Policies obtained while residing abroad can be continued. When premiums are paid from India, maturity proceeds must be repatriated through banking channels within seven days of receipt.
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