https://www.taxtmi.com/acts?id=20325 A person resident in India may take or continue holding a life insurance policy issued by an insurer outside India only under specific or general permission of the Reserve Bank of India. A policy obtained while the person was resident outside India may continue to be held after becoming resident in India. Where premiums were paid through remittances from India, maturity proceeds and claim amounts must be repatriated to India through normal banking channels within seven days of receipt. en-us Fri, 01 Jan 2016 18:01:29 +0530 Wed, 09 Sep 2026 15:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20325 A person resident in India may take or continue holding a life insurance policy issued by an insurer outside India only under specific or general permission of the Reserve Bank of India. A policy obtained while the person was resident outside India may continue to be held after becoming resident in India. Where premiums were paid through remittances from India, maturity proceeds and claim amounts must be repatriated 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