https://www.taxtmi.com/acts?id=20325 A resident in India may take or continue to hold a life insurance policy issued outside India only if the policy is held under specific or general permission of the Reserve Bank of India; a person who became resident after holding such a policy abroad may continue it. 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 Fri, 01 Jan 2016 18:01:29 +0530 Tue, 17 Jun 2025 16:15:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20325 A resident in India may take or continue to hold a life insurance policy issued outside India only if the policy is held under specific or general permission of the Reserve Bank of India; a person who became resident after holding such a policy abroad may continue it. 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 Fri, 01 Jan 2016 18:01:29 +0530 https://www.taxtmi.com/acts?id=20325