NRIs OCIs investments

Hassle-Free Investment Process for NRIs

1. Assess Investment Goals and Risk Profile

• Schedule a consultation to understand your financial objectives and evaluate your risk tolerance, time horizon, and currency considerations.
• Evaluate the NRI's risk tolerance, time horizon, and currency considerations.

2. Ensure Compliance with NRI Regulations

• KYC Documentation & NRI Bank: Assist with KYC compliance and guide in opening NRE, NRO, or FCNR accounts based on your needs.

3. Simplified Account Opening

• Offer online onboarding and e-verification for mutual funds, stock trading, and demat accounts with minimal paperwork.

4. Customized Investment Portfolio

• Equity: Indian stocks and ETFs via Portfolio Investment Scheme (PIS).
• Debt: Tax-free bonds, fixed deposits, or sovereign gold bonds.
• Mutual Funds: NRI-compliant schemes tailored to risk profile.
• Real Estate: Assistance in property selection and management.
• Alternative Assets: REITs, AIFs, or structured products for diversification.
• Recommend INR or USD-denominated investments based on goals.

5. Digital Execution and Monitoring

• Provide an intuitive digital platform for:
  • Tracking portfolio performance.
  • Real-time updates on market trends.
  • Facilitating transactions with secure online tools.

6. Tax Optimization

• Offer pre-investment tax guidance to ensure compliance with Indian tax laws.
• Provide post-investment services like CA-certified tax filing for income generated in India.
• Focus on minimizing tax outflows using DTAA (Double Taxation Avoidance Agreements).

7. Regular Portfolio Reviews

• Schedule quarterly reviews to assess performance and re-align the portfolio with changing goals or market conditions.
• Provide market insights to support timely decisions.

8. Support and Customer Service

• Provide dedicated relationship managers to assist with any queries.
• Ensure 24/7 support via chat or call for seamless service.

Investment Opportunities for NRIs

Identifying NRI Status

What Defines an NRI?

An individual qualifies as an NRI if they have lived outside India for at least 183 days during a financial year. This classification affects your investment options, tax liabilities, and regulatory requirements.

Essential Documents for NRI Investors

• A valid passport and visa.
• Proof of residence outside India.
• A recent passport-sized photograph.
• A Permanent Account Number (PAN) card for taxation and financial transactions.

Regulatory Guidelines

Investment by NRIs in India is primarily regulated by the Reserve Bank of India (RBI) and the Foreign Exchange Management Act (FEMA). The RBI sets participation limits, while FEMA governs permissions and restrictions on capital flows.

Taxation Insights for NRIs

Income from Indian investments is subject to domestic tax laws. However, Double Taxation Avoidance Agreements (DTAAs) between India and various countries ensure NRIs avoid being taxed twice on the same income.

Financial Infrastructure: Setting Up the Basics

Selecting the Right Bank Account

• Non-Resident External (NRE) Account: Allows full repatriation of funds to your resident country, with tax-free interest.
• Non-Resident Ordinary (NRO) Account: Suitable for managing income earned in India, such as rent or dividends, though repatriation is limited.

Feature	NRE Account	NRO Account
Repatriation	Full repatriation of principal and interest.	Limited repatriation (up to $1 million/year).
Taxation	Interest is tax-free in India.	Interest is taxable in India.
Purpose	Ideal for overseas income.	Ideal for managing Indian income.

LIC: Unmatched Security and Returns

Security

• Sovereign guarantee by Government of India.
• 65+ years of unbroken trust.
• ₹42.93 trillion in managed assets (equivalent to £420.714 billion).
• AAA rating by CRISIL.
• Forex-compliant investments.

Financial Advantages

• Guaranteed returns in Indian Rupees.
• Higher interest rates compared to developed markets.
• Tax benefits under DTAA.
• Easy repatriation of funds.

Exclusive Benefits

• Special NRI/OCI services.
• Digital policy management.
• WhatsApp-based service.
• Direct credit to NRE/NRO accounts.
• Nomination facility in home country.

Investment Options

• Guaranteed Income Plans (8-9% plus returns).
• Pension Plans with assured payouts.
• Wealth Multiplication through ULIPs.
• Term Plans with global coverage.
• Child Education Plans in INR/USD.

LIC and ESG Norms

Environmental

• Investments in renewable energy projects like solar and wind.
• Adoption of paperless and energy-efficient office practices.

Social

• Promotes financial inclusion with affordable insurance for underserved populations.
• CSR activities in education, healthcare, and community welfare.
• Supports a large workforce, fostering employment and skill development.

Governance

• Adheres to strict regulatory standards ensuring transparency and accountability.
• Ethical investments avoiding socially harmful sectors.
• Robust risk management for policyholder funds.

LIC aligns with India's sustainability goals while maintaining its commitment to policyholders and stakeholders.

Health Insurance for NRIs: Key Highlights

Why NRIs Need Health Insurance in India:

• International Coverage Limits: Offshore health insurance has restrictions like limited days, exclusions, and high premiums.
• No Geographic Restrictions: Indian plans cover you across the country.
• Comprehensive Coverage: Extensive coverage with fewer financial worries.
• Tax Benefits: Deduction under Section 80D (up to INR 50,000).
• Lower Premiums: Affordable healthcare costs with premium perks like no room rent limits, no copayment, and low waiting periods.

Health Insurance for Your Parents:

• Health Scares: Covers aging parents’ medical needs.
• Annual Health Checkups: Free annual checkups.
• Pocket-Friendly: Lower premiums than international plans.
• Alternative Treatments: AYUSH coverage included.
• Tax Benefits: Deduction up to INR 1 lakh under Section 80D.

Disadvantages of Health Insurance for NRIs:

• Higher Premiums for Seniors: Costly due to higher health risks.
• Waiting Periods: Delay for pre-existing condition coverage.
• Loading Charges: Extra premiums for pre-existing conditions.

Best Health Insurance Plans for NRIs:

• Individuals (<60 Years): HDFC Ergo Optima Restore, Niva Bupa ReAssure, Care Plus.
• Senior Citizens: HDFC Health Suraksha, Care Plus Complete, Niva Bupa Health Companion.
• Families: HDFC Ergo Optima Restore, Niva Bupa ReAssure.

Conclusion:

Plan ahead to secure the right health insurance for yourself and your parents to avoid financial stress during your stay in India. Good health is priceless, but the right insurance makes it affordable.