Комментарии:
I’m a happy buyer of a whole life insurance policy denominated in US dollars. One can’t find such flexible policy loaded with features like “income protection” in India. Thank you Dr Bhat !
ОтветитьLet’s say if person A buy insurance policy in USA and then after demise of A, the amount that the spouse B would receive in us dollars, considering they were living in USA . If person B plans to move to India, then will that insurance money would be taxable in India ?
ОтветитьReview Zurich Futura
ОтветитьHello Sir,
your videos are so helpful. Thanks for your detailed analysis and suggestions.
I have a question, could you please consider to provide your view on it.
I took some endowment and term insurance policies with LIC some years back and later moved to Europe. Now I am planning to change my Nationality from India to Europe.
1. What happens to my Insurance policies back in India ?
2. Am I still eligible to hold those policies ?
3. Does the maturity and claim process would be easy for me and my family when the time comes ?
4. Also, can I still buy new Term policies in India after the change of Nationality ? (I understood from your video, this is not beneficial, but just for my knowledge purpose).
Thanks in advance for your answers.
😮😊🎉😂😅😊
ОтветитьCrystal information
Ответитьone additional point to consider is that if you buy term insurance in India as an NRI, you get tax exception under 80C.
ОтветитьSir your video and information is sure very nice....but its not too beneficial for indian insurance saller........if I though as indian insurance saller...
ОтветитьJust a thought , in 10 years inflation in India jumped 2X but in USA very less. So I think exchange rate hardly matters here.
ОтветитьBut during the period his dollars payment also going reducing
ОтветитьHayah insurance is good or not pls advice anyone for term life cover plans hayah insurance company is good for Indian .
ОтветитьHi sir how r u in UAE Dubai buying term insurance policy there is any education criteria like in India if u buy there is grautute people only eligible .how about the Dubai UAE .if any specific insurance policy Ur recommend pls reply thanks .
ОтветитьSir NRI can buy a policy by submit 6 months salary slip absence of appointment letter and id card
ОтветитьHello Sir, Does the sum assured on maturity of LIC term policy is taxable in USA?
ОтветитьBased on the topic, your videos are useless. We were expect atleast taxation against NRI life insurance etc.. Plz stop wasting people time🙏🏼🤕🤕🤕
ОтветитьGreat video Mr. Bhat.
As an NRI working in the USA, I may possibly return to India with no real base in the USA or Residency Status. In such a case, would it not be hard for my nominee(s) to secure a claim payment from the Insurance Company? You spoke about the claims process from Dubai etc. Any experience with doing so with US-based companies? A deep dive video would be great! Thank you.
Can foreign wife be nominee ?
ОтветитьHi sir, if now i am a NRI working in Singapore and i buy a single premium whole life insurance policy. If i go back to india 3 years later and become a Resident Indian. Do i need to pay taxes when the policy matures in 10 years time?
ОтветитьHi Sir, if the premium was paid on nre money inr can the nominee be paid in nre money for a death claim or does the nominee have to have nro account?
ОтветитьWhat about GST paid for policy bought when u r NRI?Is it refundable?
ОтветитьThank you for the information
ОтветитьCurrent Status : NRI (Term Insurance Applicable) and planning to purchase..
Future Status : OCI ( Overseas Citizen of India) - does Term Insurance will continue and cover or will get terminated after become OCI?
I'm planning to visit out of India for work for 2 to 3 year... Should i buy a mediclaim pol in india with worldwide coverage or should i but a mediclaim policy from foreign country?
Ответитьsir I have one question. When NRI are paying their premium in India interms of dollars he will be paying less am I right sir. when you equate the 1 crore to 250000 $, should you consider the lower dollars he will be paying as premium? let's say he start with 100 rupees when dollars value was 45, he would have paid 2.1 $, now since dollar value is 75, he would be paying a premium of 1.5 $ for same 1 crore coverage.
ОтветитьHello Sir, Lovely video full of important information, i have a question, Example : My 1 x LIC Policy has lapsed and if i revive it today, then next year i have financial issues and if the same policy lapses again, can this lapsed policy be revived for the second time , what is the LIC rules in regards to this , can 1 policy be revived more than one time in its total premium paying life time, many thanks for your time in advance, all the best.
ОтветитьThanks a ton. I got clarified from a big confusion.
ОтветитьFantastisk video
ОтветитьThank you so much for this video.. Much needed! Very helpful.
Ответитьwhat is tax implication on life polity( NRI) on funds received in India after death
ОтветитьClaiming in India is harder than many other developed countries as I have experienced.
ОтветитьI'm so happy to have come accross your Channel last week. Have been watching almost all the videos. This is one of the high level information you are providing on every aspect of financial journey., Not only to NRI's, I'm sure it'll help the general public. Thank you so much for your time and effort Sir.
ОтветитьSir, my husband works in Angola, I asked for insurance policy in India, at that time he came to India but the lic says it does not applicable in african country Angola. So advise me which insurance company is possible
ОтветитьThanks for info...
ОтветитьSir being an indian can we by policy outside India in dollars
Ответитьin china term insurance premium is 80000 INR per year but in India its 10000 INR. So ofcourse there is a huge difference in costing. please suggest where to buy the life insurance if that is the case?
ОтветитьThanks for sharing valuable info.
ОтветитьDr.Bhat, very well put together video. Logical and structured advice. Thanks for sharing. I am wondering what happens if NRI takes foreign citizenship after a period of time has passed. Do the previous Indian policies held by him/her become invalid then?
ОтветитьThank you so much for the video. I have been searching about this topic for a long time and got no clear answer until I saw this video.
ОтветитьSir,as an nri if I invest in several forward booking contracts with several banks for nris-what is the taxation on maturity
ОтветитьWell explained. 👍
ОтветитьWhy are you not addressing the fact that the Dollar/ Rs variation affects the premium paid also.. when we are job less and back home.. it will become a burden during the retirement...
ОтветитьHello Sir I am from the USA, I left India in Feb 2016. I served 9 years in India as Govt employee. Let me know how can I withdraw my whole NPS funds. Right now my age is below sixty.
ОтветитьAre u based out of dubai??
Yr WhatsApp is not responding
Sir - i bought few insurance policies when I was an Indian national but I am now a NRI with foreign citizenship . Will my Indian insurance policies be still valid if they are active or will my change of status to NRI impact them
ОтветитьMany Thanks Sir, is there any video on good investment portfolio,
ОтветитьWhen NRI turned purely foreigner at time of mature the policy then has he pay the tax on that and what percentage
ОтветитьSir , I have bought 3 Lic polices while on my visits to india as a NRI .In few months I will become a foreign national by giving up my indian passport and getting a OCI card . My question is can I continue to hold my existing lic policies and pay premiums ?
ОтветитьThank you sir
ОтветитьHow can I differentiate between endowment or term plan
ОтветитьI disagree with your statement that the Cost of Insurance is more or less similar every where. Cost of Policies in UAE is higher than that of India
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