NRE, NRO and inward remittance explained.
Accepted sources
Premiums are generally paid from an NRE or NRO account in India, or by inward remittance from your overseas account through banking channels.
Autopay
Set a standing instruction or auto-debit from your NRO or NRE account so that premiums are never missed.
Third-party payments
Insurers usually do not accept cash or third-party cheques for premiums; payments should trace to the policyholder.
Currency planning
Premiums are due in rupees. A weaker rupee lowers the cost in your currency; a stronger rupee raises it. Our NRI planner shows the effect.
Receipts and proofs
Keep premium receipts and bank advices for tax filing in India and in your country of residence.
Important. Rules vary by insurer, product and country, and change over time. This is general information, not legal or tax advice.