https://www.taxtmi.com/news?id=23288 The report recommends authorising IFSC insurers to sell life, health and non-life products to NRIs/PIOs and their family members in India and abroad, permit premiums in a currency of choice including INR, allow portable life policies with currency-flexibility on return to India, enable residents to buy overseas health cover from IFSC entities, and permit travel and personal cover for non-residents. It also urges promoting the IFSC as a Reinsurance Hub and aviation insurance centre, encouraging reinsurers and brokers to base operations there, allowing insurer subsidiaries in IFSC, and lowering capital requirements for Indian investors to establish direct and reinsurance companies abroad. en-us Fri, 23 Oct 2020 09:14:27 +0530 Fri, 23 Oct 2020 09:14:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23288 The report recommends authorising IFSC insurers to sell life, health and non-life products to NRIs/PIOs and their family members in India and abroad, permit premiums in a currency of choice including INR, allow portable life policies with currency-flexibility on return to India, enable residents to buy overseas health cover from IFSC entities, and permit travel and personal cover for non-residents. It also urges promoting the IFSC as a Reinsurance Hub and aviation insurance centre, encouraging reinsurers and brokers to base operations there, allowing insurer subsidiaries in IFSC, and lowering capital requirements for Indian investors to establish direct and reinsurance companies abroad. News - Fri, 23 Oct 2020 09:14:27 +0530 https://www.taxtmi.com/news?id=23288