USD Insurance for Indian Citizen
Posted: Fri Aug 19, 2011 10:28 am
Hello,
I was told by an agent that if an Indian citizen holds a Life Insurance policy that would pay benefits in USD, FEMA prevents the payment of these benefits to survivors who are Indian citizens and residing in India. Is this true? I am looking for a document that would clarify this. Please help. Thanks.
I was told by an agent that if an Indian citizen holds a Life Insurance policy that would pay benefits in USD, FEMA prevents the payment of these benefits to survivors who are Indian citizens and residing in India. Is this true? I am looking for a document that would clarify this. Please help. Thanks.