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Permission to take or hold a general insurance policy issued by an insurer outside India

Regulation 3 - Regulation - FEMA - Regulation 3 - 3. :- (i) A person resident in India may take or continue to hold a health insurance policy issued by an insurer outside India provided aggregate remittance including amount of premium does not exceed .....

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place of business is outside India without permission of Insurance Regulatory and Development Authority of India (IRDA). (iii) A person resident in India may take or continue to hold a general insurance policy other than referred in (i) and (ii) abov .....

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