USD Insurance for Indian Citizen

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sm123
Posts: 13
Joined: Mon Mar 26, 2007 2:38 am

USD Insurance for Indian Citizen

Post by sm123 »

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.
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