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
NRIs
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
Health Insurance for NRI – Complete Details
Health Insurance for NRI in India or Abroad is a crucial decision. Health Insurance is very vital as we have experienced the importance during COVID times. Here are the important considerations and factors to consider when an NRI invests in Health Insurance. The key questions are: Can NRI buy Health Insurance or Mediclaim policy inRead More
COVID 19 Impact on Finances of NRIs
There was news about a survey done by the Foundation for India and Indian Diaspora Studies (FIIDS) which says – “30% of the Indian-Americans have had a financial impact on their job and internship”. COVID 19 Impact on Finances of NRIs will change our relationship with money – The Investments & Expenses. Let’s see howRead More
Avoiding TDS on Dividends (Residents & NRIs)
As you may be aware & we also wrote in detail a few days ago, due to changes introduced by the Finance Act, 2020, w.e.f. April 1, 2020, the dividend is taxable in the hand of the investor. Hence companies would be required to deduct tax at source (TDS) at the prescribed rates from theRead More