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Foreign Exchange Management (Insurance) Regulations, 2000 in India

Permits a person resident in India to take or continue to hold a life insurance policy issued by an insurer outside India, provided that the policy is held under a specific or general permission of the Reserve Bank of India.

It also permits a person resident in India to continue to hold any life insurance policy by an insurer outside India when such person was resident outside India, without any permission of the RBI.

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