2

I am Ronit, indian holding indian passport.

My family, my wife and kids are foreign nationals and holding foreign passport. I have purchased insurance from AIA and I am paying insurance premium for my family.

Now I am moving to india with family, and i want to continue AIA plans. Can I show the premium paid and education fees as deduction for tax exemption?

Regards, Ronit

1

To claim tax benefit in India, the policy should be approved by Govt Agencies and the Company itself be approved.

I don't think foreign insurance companies would qualify for this.

More details here

http://law.incometaxindia.gov.in/dittaxmann/incometaxacts/2008itact/section80d.htm

You must log in to answer this question.

Not the answer you're looking for? Browse other questions tagged .