https://www.taxtmi.com/circulars?id=1851 Settlement of insurance claims in foreign currency is permitted where the policy was issued with specific prior approval, the loss occurred during the policy period, the claim is admitted by the insurer and supported by surveyor reports and documents, reinsurance recoveries follow agreement terms, remittances are made to non resident beneficiaries only (residents to be paid in rupee equivalent), and R Returns reporting must quote the RBI approval. en-us Sat, 13 Oct 2001 00:00:00 +0530 Fri, 03 Oct 2008 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1851 Settlement of insurance claims in foreign currency is permitted where the policy was issued with specific prior approval, the loss occurred during the policy period, the claim is admitted by the insurer and supported by surveyor reports and documents, reinsurance recoveries follow agreement terms, remittances are made to non resident beneficiaries only (residents to be paid in rupee equivalent), and R Returns reporting must quote the RBI approval. Circulars FEMA Sat, 13 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1851