NRI Quiz

NRI/OCI must be present or on a visit to India to a buy Life Insurance policy from Max Life?

• Yes

• No, Through E Model NRI/OCI can buy policy from their country of residence.

• May Be

Is bank account in India (NRO/NRE) is must for buying a Life Insurance policy of Max Life Insurance?

• Yes

• No , NRI/OCI can pay premium from Foreign Currency

• May Be

Can NRI/OCI propose a Life Insurance policy on a life on spouse/children staying in India?

• Yes

• No

• May Be

An NRI/OCI CAN NOT invest in following Assets in India? – Mutual Fund, PPF, Real Estate, Gold

• Mutual Fund

• PPF

• Real Estate

• Gold

If GST waiver is not availed at the time of initial premium .  Is it possible to avail GST waiver while making renewal premiums?

• Yes

• No

What is the maximum limit for repatriation of funds outside from NRO account in a year as per FEMA guidelines

• US$ 10,000  

• US$ 1,00,000 

• US$ 1 million 

  (approx. 8.3 crore INR per year)

• US$ 2 million