A resident or resident, not ordinary resident (RNOR) may require, y keep foreign currency accounts as they may have still business unfinished after their return to India. These can be done using RFC Account for NRI. Here are the details. This is Part 4 of series of 4 updated articles to update you on theRead More
NRIs
Type of NRI Bank Accounts – NRE Part 2
This is Part 2 of series of 4 updated articles to update you on the Types of NRI Bank Accounts. We will discuss here the NRE Account for NRI. After NRO the foremost required account is NRE Account or Non-Resident External Account. This account will have all transactions where the earning source is outside India.Read More
Type of NRI Bank Accounts – NRO Part 1
This is Part 1 of series of 4 updated articles to update you on the Types of NRI Bank Accounts. We will discuss here the NRO Account for NRI. This is the most basic account required by NRIs to manage their home affairs. Yes, the existing Indian savings & future earning should come to NRORead More
Life Insurance for NRI & FAQs on Insurance
There are many questions on Life Insurance for NRI. I have tried to answer them in this post. NRI Life Insurance is a risk transfer strategy and is a must for any “life” which has economic value. But residency issues make it tough to act & decide. Here are relevant facts on Life Insurance forRead More
Term Insurance for NRI
Term Insurance for NRIs is a way to secure your future financially. It is regular insurance allowed to cover a large sum assured. Both resident and non-resident are allowed to invest in Term Plans. Here is how- Term Insurance for NRI can be bought & used to ensure the future. This article is part ofRead More
NRI Insurance – An Introduction
As per Zurich Life Insurance Survey done in UAE between 2016-2018, the lowest age of deceased for an NRI family claimed for life insurance was 27 Years! For the Critical Illness claim, the age was 28 Years! NRI Insurance is a must to cope up with Life Uncertainties. Being away from home, scattered life evenRead More