https://www.taxtmi.com/acts?id=2309 A person resident in India may take or continue to hold a life insurance policy issued by an insurer outside India only if the policy is held under a specific or general permission of the Reserve Bank of India. If premiums were paid by remittance from India, the policyholder must repatriate maturity proceeds or claim amounts to India through normal banking channels within seven days of receipt. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 20 Jun 2025 14:06:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2309 A person resident in India may take or continue to hold a life insurance policy issued by an insurer outside India only if the policy is held under a specific or general permission of the Reserve Bank of India. If premiums were paid by remittance from India, the policyholder must repatriate maturity proceeds or claim amounts to India through normal banking channels within seven days of receipt. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2309