Question
a.
When premiums are paid in foreign currency from eligible foreign currency assets held by Indian nationals/persons of Indian origin
b.
When the Reserve Bank grants specific approval for foreign currency policies
c.
When the assets are held outside India by Indian nationals
d.
When the policyholder has returned to India after a minimum continuous stay abroad for at least one year
Posted under IC 14 Regulations of Insurance Business
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Q. Under what circumstances may non-marine risks in respect of assets outside India owned by residents of India be covered in foreign currency?
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