Taxability of various Insurance Plans for NRIs

Are there any income tax implications if an NRI purchase different type of insurance policies (Example: Unit linked insurance Policy, Maturity policy, life insurance policy, Annuity insurance(including Bonus) plan, Pension plan etc.)?
Replies (1)
Taxability of Insurance plans of NRI shall be governed by FATCA - US residents and CRS for the non-US residents. But TDS shall be applicable at the time of policy payout u/s 195 of the Act only if the policy is not exempt u/s 10(10D). Further, no tax will be deducted for countries where DTAA benefit is available as per section 90 of the of The Income Tax Act, 1961, and the customer has submitted complete & valid Form 10F and Tax residency certificate with the company.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details