What happens to maturity proceeds from IFSC insurance policies for NRIs?
Reading Time: 3 minutes1️⃣ What happens to maturity proceeds from IFSC insurance policies for NRIs?👉 Answer: From 1st April 2025, if you hold a life insurance policy issued by an insurer in an IFSC (like GIFT City), the maturity proceeds will be 100% tax-exempt in India—provided the annual premium never exceeds 10% of the sum assured.🔑 Key Insight: […]
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