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    <title>Foreign Exchange Management (Insurance) (Amendment) Regulations, 2003</title>
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    <description>Residents may take or continue to hold foreign-issued general insurance only with Central Government permission and foreign-issued life insurance only with Reserve Bank permission; continuation is allowed where policies were acquired while non-resident. If premiums were remitted from India, maturity proceeds or claim amounts must be repatriated to India through normal banking channels within seven days of receipt.</description>
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      <description>Residents may take or continue to hold foreign-issued general insurance only with Central Government permission and foreign-issued life insurance only with Reserve Bank permission; continuation is allowed where policies were acquired while non-resident. If premiums were remitted from India, maturity proceeds or claim amounts must be repatriated to India through normal banking channels within seven days of receipt.</description>
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