Foreign exchange waiver allows SEZ units to remit premiums abroad for general insurance when paid from their foreign exchange balances. Units located in Special Economic Zones are exempted from the prohibition on taking general insurance from insurers outside India for the limited purpose of permitting authorised dealers to allow remittances of premiums to non resident insurers, provided such premiums are paid by the units out of their foreign exchange balances; authorised dealers must bring this facilitation to the notice of constituents and ensure compliance with applicable FEMA powers.