Term Plans in India are 3050% cheaper than International Plans. Buy Now 
https://tinyurl.com/mrtzh3rj

Who is an NRI?
As per Income tax act, to determine whether you're a resident or nonresident in India for a financial year:

Stayed in India for 182 days or more during the financial year, OR
Stayed in India for 60 days during the financial year and 365 days in the preceding 4 years.
Exceptions to the 60day rule include being an Indian citizen working abroad or visiting India as a PIO or Indian citizen. In such cases, you're considered a resident if you've stayed in India for 182 days or more. If you don't meet any of these conditions, you're a nonresident.

Banking
NRE Account: For parking foreign earnings in India. Funds fully repatriable, taxfree interest.
NRO Account: For managing Indian income. Repatriation subject to restrictions, taxable interest.
FCNR Account: For depositing foreign currencies. Fully repatriable, taxfree interest.


Demat
NRI Demat Account with PIS:
* For NRIs investing with the intention of repatriating funds.
* Requires a designated PIS bank account.
* Transactions subject to RBI limits and approval.

NRI Demat Account without PIS:
* For NRIs investing without the intention of repatriation.
* No need for a separate PIS bank account.
* Investments and earnings remain nonrepatriable.

Insurance
Can NRIs obtain insurance in India?
Yes, they can.

2. Who is eligible?
Temporary NRIs, OCI holders, and PIOs.

3. Why should they consider insurance in India?
Protection against income loss for their families
Coverage for outstanding loans or debts
Costeffective plans
Convenient video telemedical checks
50% cheaper than international plans
exit plans for NRIs uncertain about retirement or future needs
GST waiver of 18%


Join Learner's Community :    / @finance.boosan  



Courses : https://www.financeboosan.in

Whatsapp Channel : https://whatsapp.com/channel/0029Va6x...
Instagram :   / finance.boosan  
Other useful links : https://beacons.ai/boosan
_______________________________________________
New Account opening link :
Zerodha : https://bit.ly/newZerodhaD

Video Editor :   / jagan_editor  
_______________________________________________
#financeBoosan #nri #nriinvestments
Stock Market, Mutual Funds, Investments, Personal Finance, Make Money Online

NRI Explains : Must Do Issues | NRE vs NRO | NRI Demat | Stocks & Mutual Fund | Insurance | Taxation

NRI Demat Account PIS vs NonPIS
NRI Banking : NRO vs NRE vs FCNR
NRI Taxation
NRI Term Insurance