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Foreign Exchange Management (Insurance) Regulations, 2015

FEMA - 12R/2015-RB - Dated:- 29-12-2015 - RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION NO. FEMA 12R/2015-RB Mumbai, the 29th December, 2015 G.S.R. 1007(E).-In exercise of the powers conferred by sub-section (2) of .....

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t to the holding by a person resident in India of a general or life insurance policy issued by an insurer outside India, namely: 1. Short Title and Commencement: (i) These Regulations may be called the . (ii) They shall come into force from the date .....

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hese Regulations shall have the same meaning respectively assigned to them in the Act. 3. Permission to take or hold a general insurance policy issued by an insurer outside India:- (i) A person resident in India may take or continue to hold a health .....

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respect of any property in India or any ship or other vessel or aircraft registered in India with an insurer whose principal place of business is outside India without permission of Insurance Regulatory and Development Authority of India (IRDA). (iii .....

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al Government. (iv) A person resident in India may continue to hold any general insurance policy issued by an insurer outside India when such person was resident outside India. Provided further that where the premium due on a general insurance policy .....

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