Which asset classes can or can NOT NRIs invest in?

Which asset classes can NRIs invest in?


An NRI can only invest in five asset classes in India. These are

1. Bank Accounts including Fixed Deposits,

2. Stocks,

3. Mutual Funds,

4. Real Estate and

5. Insurance.

There are no prescribed limits for investments in the abovementioned avenues. This means that the NRI can invest any amount he or she desires in these instruments.


Which are the avenues that an NRI cannot invest in?

NRIs cannot invest in other savings schemes. NRIs are not allowed to invest in 8% taxable Government of India Savings Bonds, Public Provident Fund (PPF) and the Senior Citizens Savings Scheme. If and when the accounts office comes to know of the anomaly, the deposit will be returned to the investor, without any interest.



Notification dt 25.7.03 prohibits NRIs to open Savings, Recurring Deposit, Term Deposit and Monthly Income Scheme accounts or purchase Kisan Vikas Patras and Nationlal Saving Certificate-VIII (NSC) of the Post Office. The accounts opened prior to this date are allowed to run up to their maturity. As and when the irregularity comes to the notice of the authorities, the money will be returned to you without any interest. Those NRIs who have opened such accounts will do well by withdrawing the investment themselves.



What about accounts that have already been opened while the person was a resident Indian?

Already opened accounts can be continued. As has been mentioned in these columns before, no one is born an NRI, rather people become NRIs when they go abroad for better career prospects. When an Indian Resident goes abroad, more often than not, he leaves a large part of his investments including property behind. These investments may include the abovementioned prohibited investments in terms of PPF, NSC, Post Office instruments etc.



A resident who subsequently becomes NRI during the currency of term of these investments may continue the same till maturity. This means, they cannot open a new account or extend the scheme beyond its maturity. However, an already existing investment may be continued. For those instruments that require periodic investments (PPF), the NRI may use either the NRE or the NRO as per his convenience. Using the NRO account is recommended.



Can maturity Proceeds be remitted abroad?

Yes. As and when such investments mature, the proceeds should be credited to the NRO account. This is very important for the following reason.



Circular 67/2003-RB dt 13.1.03 supplemented by RBI Master Circular dt 1.7.05 makes it possible for an NRI or a PIO to remit as much as US$ 1 million per calendar year for bona fide purposes out of the balances held in NRO accounts including the abovementioned maturity proceeds.



All that is required is that he should have acquired the assets in question, out of rupee resources when he was in India or by way of legacy/inheritance from a person who was a resident in India.



For remittance of sale proceeds of assets, both financial and immovable property acquired by way of inheritance/legacy or settlement from a person who was Resident, there is no lock-in.



An undertaking by the remitter and certificate by a Chartered Accountant in the format prescribed by CBDT vide their Circular 10/2002 dt 9.10.02 has to be produced.



It is necessary to file Form-A2, FEMA Declaration, Certificate from an accountant, and undertaking for payment of income tax, in the specified format. A No-Objection-Certificate from the income tax department will be useful, but not necessary.

Reliance Life Highest NAV Guarantee Plan

"Reliance Life Highest NAV Guarantee Plan"

Reliance Life Highest NAV Guaranteed Plan is a unique unit linked life insurance plan. This plan, with its highly attractive allocations, is second to none in the Indian Market

Key benefits & features

• Very high allocation of 80% of annualised premium during the first year
• As high as 97% allocation from the 2nd & 3rd year onwards
• Liquidity through partial withdrawals
• Option of paying both regular premium (min 20,000 annualised) & single premium (min 30,000 annualised)
• Sum assured as high as 30 times of annual premium
• Options of 4 riders available
• Unmatched flexibility through settlement, top ups and exchange
• Tax benefit under sec 80C of the income tax act, 1961 on premiums paid.
• Tax benefit under sec 10 (10 D) of the income tax act, 1961 on benefits received.  

Policy limits                 Minimum     Maximum
Age at entry                   30 days         65 years
Age at maturity              10 years         70 years
Policy term                    10 years        10 years

Maximum sum assured as a multiple of annualised premiums (Regular Premium)

Age group                         Multiple  
30 days to 40yrs              30 times of annualised premium    
41 to 45                              20 times
46 to 50                              15 times
51 to 55                              10 times
56 & above                      05 times                                                                        

Maximum sum assured as a multiple of annualised premiums (Single Premium)

Age group                         Multiple  
30days to 45yrs                          6 times of single premium    
46 and above                       2 times
     
Policy administration charge by cancellation of units

Rs 40 per month

Guarantee charge

The Guarantee Charge will be priced in the value of units on a daily basis – 0.15% per annum

Allocation – Regular Premiums

Policy year               Allocation of annualised premiums
     1                               80%
2 & 3 years                     97%
4 & 5 years                  98%
6th year onwards             99%

Allocation – Top up premiums: 98% & single premium 2%

What sets RLI's plan apart from competition??

As compared with all the competitor plans (attached for reference), Reliance Life is only one which offers

• Highest NAV Guarantee for entire term of 10 years till maturity and is not limited to a specific period of reset dates
• This plans also allows you to top up your policy and what's more, you get the Highest NAV Gurarantee on top ups too
• The highest NAV guarantee continues, even if you discontinue the premium after three annualised premiums are paid.

Summary of Investment Options for NRIs & PIOs in India

The India growth story is selling the world over. Investing in India is compelling not just for those of us who live here, but also for non-resident Indians (NRIs) and persons of Indian origin (PIO) who want a share in their home country's progress even though they don't live here.

If NRIs and PIOs were earlier happy about sending money to their families and having them manage it, today, it is possible for them to invest in the India growth story actively and directly. Whether it is buying and selling residential or commercial real estate, or tasting the Sensex at 20,000, it can all be done at the click of a button now. It is no wonder then that NRIs are no longer content with the 4.5 per cent interest offered by foreign currency nonresident (FCNR) accounts and want to cast a wider net. Here are some options.

REAL ESTATE

Brijesh Dalmia, director, Dalmia Advisory Services, says, "The investment avenue most preferred by NRIs is real estate as they don't have to keep track of the performance of their assets."

NRIs can acquire immovable property like land, a house or a fl at in India, just like a resident. But they cannot hold agricultural land, plantation property or a farmhouse. As an NRI, you can buy, rent and sell your property. The sale proceeds of up to two residential properties can be repatriated. This applies if you are either an NRI or a PIO.

If you net any capital gains from selling the property, this should be credited to the non-resident ordinary rupee (NRO) account, from where you can repatriate an amount up to $1 million per financial year. An NRO account is an account opened in Indian rupees and can be used to route earnings made on investments in India or make legitimate local payments.

If you bought your property while you were residing in India and had taken a loan for it here, you can repatriate the proceeds from the sale, provided the loan has been repaid by remitting funds from abroad or debiting your non-resident external rupee (NRE) account. An NRE account is opened with funds remitted from abroad, but is maintained in Indian rupees.

You can also rent out your property in India without any approval from the Reserve Bank of India (RBI). The rent you receive can either be credited to the NRO or NRE account, or remitted abroad.

PIOs who are citizens of Pakistan, Sri Lanka, Bangladesh, China, Afghanistan, Iran, Nepal and Bhutan cannot remit sale proceeds of immovable property.

EQUITY INVESTMENTS

Lovaii Navlakhi, managing director, International Money Matters, says, "Besides real estate, NRIs invest in equity devices through mutual funds. They prefer going indirectly to the markets as direct investment in the market involves a complicated process."

Portfolio Investment Scheme. The RBI requires NRIs to open a separate account for the purpose of the Portfolio Investment Scheme (PINS) or for investing in securities.

PINS is a scheme of the RBI which defi nes the process of purchase and sale of shares and convertible debentures of Indian companies. But they cannot invest in derivatives.

The transactions should be done on a recognised stock exchange through the NRI's account with a designated bank. There is no limit on transactions in the primary market. However, in a secondary market, an NRI cannot purchase more than 5 per cent of the paid-up capital of a company. The sale proceeds are subject to capital gains tax. The tax varies according to the holding period. The NRI investor is required to pay an annual maintenance charge (AMC) for a PINS account. The investor also pays an amount for each transaction under PINS.

Portfolio Management Services.

NRIs who are wary of going to the stock markets directly can take the Portfolio Management Services (PMS) route. Under this, the funds are managed by professionals according to specifi c mandates given by the investor. You will be charged a fee, which is either fi xed or is a percentage of the returns on investment. Broking houses, asset management companies and investment bankers can offer PMS after registering with the Securities and Exchange Board of India (Sebi) as portfolio managers.

Mutual funds.

An NRI with an NRO or NRE account can invest in domestic equity mutual funds (MFs) like a resident Indian. There is a variety of equity MFs you can invest in, depending on your return expectations and risk appetite. Diversifi ed equity funds are the most popular. The underlying investments are spread over a wide basket of sectors and are not clustered around a particular company or sector.

There are other equity funds, such as sectoral and thematic funds, that concentrate on a particular segment of the market. They are dynamically managed funds, all with varying risk and return characteristics. If your income in India exceeds the tax exemption limit, you can opt for the Equity-Linked Savings Schemes (ELSS). These are tax saver MFs. Investors do not have to pay long-term capital gains tax in equity funds. The short-term capital gains tax is 11.33 per cent (including surcharge and cess). Investments in MFs can be on a repatriation or non-repatriation basis.

DEBT INVESTMENTS

FCNR deposits. Despite the fall in interest rates, if you are still interested in FCNR deposits, the RBI restricts that these term deposits can be made only in six foreign currencies—the US dollar, the UK pound, the euro, the Japanese yen, the Australian dollar and the Canadian dollar.

Company deposits. NRIs can opendeposits with companies too. But not all companies provide such services. Company deposits are high-risk instruments. Deposits with companies are on non-repatriation basis. The deposits can be maintained with companies registered under the Companies Act, 1956, NBFCs registered with the RBI, or a body corporate created under an Act of Parliament or state legislature, a proprietorship concern or a fi rm, out of rupee funds which do not represent inward remittances or transfer from NRE or FCNR accounts into the NRO account.

Mutual funds. Debt MFs are for the risk-averse investor. The majority of the underlying assets are debt instruments. Income funds, a category of debt funds, provide regular infl ow of money to investors.

Among income funds, monthly income plans (MIPs) attempt to pay you a certain sum of money every month. Liquid funds invest in scrips of tenor less than one year.

Investments in money market funds can be done only on a non-repatriation basis. NRIs are taxed as per the income tax slab for capital gains from short-term investments made in debt funds. While resident individuals have to pay long term and short term capital gains, as the case maybe, in the case of NRIs, these taxes are deducted at source and are termed tax deducted at source (TDS).

The long-term capitals gains tax is 11.33 per cent. The TDS is 33.99 per cent for short-term capital gains while TDS for long-term capital gains is 11.33 per cent. The dividend distribution tax (DDT) is charged to the scheme. DDT for debt funds is 14.03 per cent (including surcharge and cess) and 28.30 per cent (including surcharge and cess) for liquid schemes.

GOVT GUARANTEED SCHEMES

An NRI has the option of investing in government securities (G-secs) and treasury bills (T-bills) on repatriation and non-repatriation basis. But he cannot invest in bearer securities like National Savings Scheme (NSS) and Kisan Vikas Patra (KVP). He can also not invest in the public provident fund (PPF), RBI bonds, Senior Citizens' Savings Scheme and Post Offi ce Monthly Income Scheme. However, if he is already holding a NSS or PPF at the time of change in residential status, he can continue it. However, all these plans cannot be extended after their maturity.

INSURANCE

NRIs can take insurance covers of all kinds available to a resident. There is no coverage limit. But the coverage limit for foreign nationals of Indian origin is Rs 20 lakh for all the insurance policies taken together. Premiums can be paid by direct remittances through an Indian rupee demand draft drawn in favour of the insurer. The insured also has the option of using his Indian bank account to pay through cheques.

Unit-linked insurance plans (Ulips) are also an option available. They are a mix of insurance and MFs. They provide protection and investment opportunities to an individual with a single product. A part of the premium that is paid is invested in equity instruments. On maturity it pays the fund value in most cases.

For investing in any of the options listed above, NRIs should maintain an NRO or an NRE account. The accounts should be with designated banks approved by the RBI for these services. The Foreign Exchange Management Act (FEMA) requires that all banks where you have an account should know that you are an NRI. As soon as you inform the banks about your NRI status, your banking account will be changed to NRO. This account is no different from an ordinary resident account. Only the name is changed. You can operate the account from anywhere in the world. RBI allows remittances from NRO accounts, up to $1 million per fi nancial year (April-March) for bonafi de purposes. These remittances are subject to applicable taxes. This limit includes sale proceeds of immovable properties held by NRIs.

For those who want to remit the balance without conditions, NRE accounts are a better choice. The money in an NRE account can be taken outside the country and converted to another currency as and when the account holder wants.

Money can be easily transferred from NRE accounts to NRO accounts, but not viceversa even if the money has been transferred from an NRE to an NRO account.

An individual can maintain NRO and NRE accounts simultaneously. The rate of interest on NRE savings deposits is at the rate applicable to domestic savings deposits, which is 3.5 per cent at present, applicable to both these kinds of accounts.

CHECK BEFORE YOU BEGIN

Before you start investing in India, check out your investment horizon and analyse your risk appetite. If you do not want to get entangled in an investment that requires constant monitoring, invest in real estate or stocks with a long term view. If you want to invest directly in equities, do study the company and its potential thoroughly. You should also check the tax implications on such investments applicable in the country where you are now residing.

CHECKPOST

Non-resident Indians (NRI) can invest in India in various ways. However, there are limits to this.

REAL ESTATE

● NRIs cannot buy agricultural land, plantation property or a

farmhouse.

● Citizens of Pakistan, Bangladesh, Sri Lanka, China,

Afghanistan, Iran, Nepal and Bhutan cannot remit sale proceeds

of immovable property.

EQUITY INVESTMENTS

● NRIs can invest in shares but not in derivatives.

● There is no limit on transactions in the primary market. But, in a secondary market, an

NRI can buy only up to 5 per cent of the paid-up capital of a company.

● For debentures, too, the limit is 5 per cent of the paid up value of each series of

debentures.

DEBT INVESTMENTS

● FCNR deposits can be made only in six foreign currencies—US dollar, UK pound, Euro,

Japanese yen, Australian dollar and Canadian dollar.

GOVERNMENT GUARANTEED SCHEMES

● An NRI can invest in government securities and treasury bills but not in bearer securities

like National Savings Scheme (NSS) and Kisan Vikas Patra (KVP). Nor can he invest in

the Public Provident Fund (PPF), RBI Bonds, Senior Citizens' Savings Scheme and Post

Offi ce Monthly Income Scheme.

● If the NRI was holding an NSS or PPF at the time of change in residence status, he can

continue with the instrument but cannot extend it after maturity.

INSURANCE

● The coverage limit for foreign nationals of Indian origin is Rs 20 lakh for all the insurance

policies taken together.

BANKING

● Money can be transferred from an NRE account to an NRO account, but not vice-versa.

NRI PIO Invest FAQ

Who is NRI? A Non-Resident Indian is a citizen of India (holding a valid passport of  Govt. of India) temporarily residing in the country of his/her present residence.  He/she should not have applied or planning to apply in the near future for acquiring citizenship of his/her present country of residence or any other country.     Can NRIs invest in Mutual Funds in India? Investments by NRIs in Mutual Funds can be made on a repatriable or on a non-repatriable basis, as preferred by the investor. Repatriable BasisTo invest on a repatriable basis, you must have an NRE or FCNR Bank Account in India. The Reserve Bank of India (RBI) has granted a general permission to Mutual Funds to offer mutual fund schemes on repatriation basis, subject to the following conditions: The mutual fund should comply with the terms and conditions stipulated by SEBI. The amount representing investment should be received by inward remittance through normal banking channels, or by debit to an NRE/FCNR account of the non-resident investor. The net amount representing the dividend / interest and maturity proceeds of units may be remitted through normal banking channels or credited to NRE / FCNR account of the investor, as desired by him subject to payment of applicable tax. Non-Repatriable BasisThe Reserve Bank of India (RBI) has granted a general permission to Mutual Funds to offer mutual fund schemes on non-repatriation basis, subject to the following conditions: Funds for investment should be provided by debit to NRO account of the NRI investor. Alternatively, funds may be invested by inward remittance or by debit to NRE / FCNR Account. The current income in the form of dividends is allowed to be repatriated. No permission of Reserve Bank either by the Mutual Fund or the NRI investor is necessary.     Does an NRI need any approvals from the Reserve Bank of India to invest in mutual fund schemes? No. As an NRI one does not need any specific approval from the RBI for investing or redeeming from Mutual Funds. Only OCBs and FIIs require prior approvals before investing in Mutual Funds.     What are the investment restrictions on NRIs for investments in Mutual funds? There are no investment restrictions on NRIs for investing in mutual funds. RBI does not restrict investment in mutual funds either on repatriable or non-repatriable basis.   Do Mutual Funds assure returns ? Although SEBI regulations allow Mutual Funds to offer guaranteed returns subject to the Fund meeting certain conditions, most Mutual Funds in India do no provide a guaranteed return on their schemes. In such cases, the sponsor, the AMC, or any other person, guarantees a minimum level of return and makes good the difference if the actual returns are less than the guaranteed minimum. The name of the guarantor and the manner in which the guarantee shall be met must be disclosed in the offer document by the Mutual Fund. Investment in mutual funds is not guaranteed by the Government of India, the Reserve Bank of India or any other government body.   Can I gift Mutual Fund units to my relatives in India? Yes. Certain funds do permit gifting of units. One should refer to the offer document of the specific fund to know the details.   Can I repatriate my earnings on redemption? If the investment is made on a repatriation basis, the net income or capital gains (after tax) arising out of investment are eligible for repatriation subject to regulatory guidelines in force at the time of repatriation. If the investment is made on a non-repatriation basis, only the net income, that is, dividend, arising out of investment is eligible for repatriation.   Can I repatriate my initial investment, earnings (capital gains) from redemption and any dividend arising from it?  If the investment is made on a repatriation basis, the net income or capital gains (after tax) arising out of investment is eligible for repatriation subject to regulatory guidelines in force at the time of the repatriation. If the investment is made on a non-repatriation basis, only the net income, that is, dividend, arising out of investment is eligible for repatriation.   What is the procedure for redeeming mutual fund units? NRIs can redeem their units by signing on the tear-off portion of the account statement & sending it to any of the AMC or your personal MF investment advisor through post or by sending a letter requesting redemption with the signatures and the amount to be redeemed. The redemption request would be processed at the applicable NAV based price. The redemption proceeds will be sent directly to the bank branch where NRE/NRO account depending upon whether repatriable or non-repatriable account within three business days. The redemption proceeds will be net of tax deduction at source on the profits.   What is the tax liability on Redemptions? What is the rate of Tax Deduction at Source for NRIs / PIOs? What is the tax - rate on capital gains for NRIs / PIOs? Under Section 2(42A) of the Income Tax Act, units of the Scheme held as a capital asset, for a period of More than twelve months immediately preceding the date of transfer, will be treated as a long term capital asset for the computation of capital gains � thus attracting long term capital gains tax rate. In all other cases it would be treated as a short-term capital asset and would attract short-term capital gains tax rate. Hence depending on the period of investments, long term or short capital gains and tax thereon is applicable on redemption�s. Though there is currently no long-term capital gain tax liability for redemptions from equity schemes, there is a liability at the time of redeeming from the debt schemes. For more details Contact Us

Look at Life Insurance as a Tax Free savings Vehicle

History of Insurance in India:

The history of Insurance in India - a Federal subject - dates back to 1818. The Insurance sector in India has great growth potential vis-a-vis global players especially with life insurance premiums amounting to 2.5% of India's GDP and general insurance premiums to 0.65%.

The Insurance division in India perhaps witnessed the greatest change in the year 1999 when the Government of India liberalized its economy permitting private companies to come in and implore the insurance sector facilitating the FDI up to 26%.  Earlier only LIC (Life Insurance Corporation of India) was allowed to sell & underwrite life insurance.

The Indian Insurance sector currently is such that all insurance companies, worldwide, intend to have a lion's share. However, the Government of India even today, owns the largest life insurance company LIC.
Why is Insurance important?

Life insurance is important because life itself is extremely precious. What began as a measure to reduce the risk of traders and merchants has today become a pivotal part of all civilians' lives. Life insurance guarantees the enjoyment of the same lifestyle even after the unfortunate demise of a loved one. The beneficiaries can utilize the money as a source of income or to pay off debts, amongst others.
 

NRILIC.com has been serving world wide customers with medical insurance needs. We are part of the same group and help you find the right life insurance policy for you. Though it is difficult to pin down that one particular policy suited for you, specially with choices varying between term life insurance, ULIPS, endowment plans and whole life policies, with the help of technology we can definitely help you find one that satisfies your needs. All you need to do is fill up the online form provided and we will would help you get hold of the best life insurance policy from dependable insurers.
Our process for NRIs or PIOs:

At NRILIC India Investments we are ready to serve our clients 24x7 with our  personalized one on one approach to service. We are not affiliated with just one insurance company, you can be assured of getting the best deals and free insurance quotes from various Indian insurance companies offering NRI insurance services online. You are also shown the entire choice-making process. Booking insurance through us is fast, reliable and easy. As a professional team, we show evidence of the same in all our dealings and hence win not only great customers buy also wonderful friends.

We personally feel for NRIs & PIOs Life Insurance a a vehicle for Tax Free Investment growth. If you are purely looking for Life Insurance then you have better choices from US companies who offer pure term life insurance.

One size does not fit all, and hence we try to get tailor-made policies for our clients as we understand your exact requirements and desire your full satisfaction. In addition, we offer our clients access to various online services.


Ask our Financial Advisor: Nrilic was formed by Non Resident Indians from USA. As per Indian law we cannot provide you service without knowing our customers (this is called as KYC - Know Your Customers act). So we deal on a one to one basis giving that personal touch. If you would like to personally meet our adviser at a time and place convenient to you, such a meeting can be arranged. All you have to provide us with is some basic information using this online form & our advisor will get in touch with you.

Do you want to Invest in India?

Do you want to Invest in India?

We can help you with
1) Life Insurance for NRIs (Non Resident Indians) or PIOs (Person of Indian Origin, which includes your american citizen kids as well.)
2) Mutual Funds in India.
3) Post Office Savings, Coporate Bonds.
4) ULIPS (Unit Linked Insurance Plans)

Fill - Contact Me Form

Contact Us

To get personalized info or if you want us to call you then please fill this short form.

Ravindra Jain
Insurance Agent; India Mutual Funds Advisors, Financial Planner

AMFI ARN Licence # 0531

Qr#7A, Street 4, Sector 1 Bhilai • CG • INDIA
Phone +91 (788) 227 8779  (O) +91 (982) 715 9973 (M)
USA - Phone (408) 890-6422
Email: bhilai@gmail.com
Web: http://invest.nrilic.com/
Check us on Linked IN

About Us

NRILIC India Investments is a registered and licensed financial advisor and broker for India based Investment products. We are trusted Financial Planner, NRI Portfolio Managers, Investment Advisor and Brokers for all Indian Mutual Funds, ULIPs, Company FDs, Post Office Savings, PPF & LIC.

We have been in this business since 1989 and have had a large presence in central India through traditional Brick and Mortar shop. Using web presence we have expanded out to NRI & PIO community throughout the world and also have a US (West Coast) representative office.

If you need to talk to someone in USA we can provide you references and also arrange for face to face appointments in west coast ( san jose bay area).

Life Insurance from Indian Companies for NRIs and PIOs

Ravi Jain has over 9 years of experience with managing portfolio for overseas Indians. He won Crorepati Agent Award from LIC and many other Mutual Fund houses.

NRILIC India Investment helps you choose a proper Life Insurance coverage if you are interested in such services from Indian companies like Life Insurance Corporation of India (LIC) in goverment sector or multiple private sector companies like Birla Sun Life, SBI Life,
Icici Prudential Life etc.

We also help with payment of Premium / Enquiries on existing policy for our past and current clients. Please contact us to schedule an appointment to discuss your specific needs.

Key Highlights of ICICI Prudential Life Insurance

ICICI Prudential ULIP Plan - Life Link Super 1) Allocation Charges - ZERO 2) Admin Charges INR 296 only per year - irrespective of invested amount 3) Fund Management Charges - around 1.75% to 2.5% per annum) 4) Mortality Charges around 0.14% per Month on RISK amount. RISK = Liability - Assets 5) Surrender charges ZERO after 5 Years They have 7 ICICI life Funds within which you can switch. The past performances of these 7 funds w.r.t index was good. One kep point to note is that you can buy ULIP with insurance sum assured as 125% to 500% of initial face value investment. Go get benefit of the US Laws you might be required to buy insurance as 500% of the invested single premium amount.

ICICI Prudential ULIP Plan - Life Link Super

Are you looking for something safe and conservative and better than US returns. Here is an option that works better than investing directly in Indian Mutual Funds.

If you are an semi-active investor (short term switches) this is the right vehicle for you as all switches are 100% Tax Free so growth is compounded tax free. It is the Best Investment you can do by being only Active on a Quarterly or Six Monthly Basis and investing minimum 5 lakh rupees.

Please read the key Highlights below. We as brokers help you with all paperwork as well as servicing from time to time. We are just a call / email away.

We manage portfolio for many NRI / PIO customers. We also have a visitor medical insurance business and have served hundreds of clients in USA, Canada, UK, Gulf Countries, Hong Kong and Singapore. You can always check our references on Linked In.

We will assure you about utmost care and confidentiality in handlings of funds, paperwork, switches, redemption etc.

We would like to suggest the Single Investment Premiums option only in these plans. Contact us for more details.