and thereby will not be liable to pay GST?Ģ. With these health plans, one can focus on getting adequate treatment rather than worrying about organising funds. Does receipt of consideration i.e., premium, through the said NRE account (through various mode) would be treated as amount received in convertible foreign exchange to satisfy the condition of para (iv) of section 2(6) of IGST Act 2017 as amended w.e.f. Aditya Birla Sun Life Insurance offers three different types of health plans which can be utilised by the insured to insure himself/herself, and also offer coverage for hospitalisation, injuries, and major critical illnesses. In MFs, opt for large- cap diversified funds like Birla Sun Life.
The NRI/PIO pays insurance premium through their NRE account maintained with Indian Bank as permitted by RBI through various mode i.e. those who do so through mutual funds (MF) or unit-linked insurance plans (Ulips).
The applicant provides insurance service under insurance products namely ULIP product, Endowment Product, Annuity Product, Term Product and Riders to NRI/PIO policyholder's residing outside India.
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