What are the different premium payment modes available for NRI customers?
Go to dashboardNRIs can make premium payments in Indian as well as foreign currencies. For payments in Indian Rupee(INR), customers can use all payment options available on the Max Life website without any restrictions using cheque and online payment facility from NRE (Non-Resident External) or Non-Resident Ordinary (NRO) accounts. Payments can also be made using credit cards issued by Indian banks as well as foreign banks as per RBI regulations.
Standing instructions for premium payment can be availed from any bank or credit card issued by Indian banks, however, the standing instructions facility is not available from any foreign bank or international credit card.
For payment in foreign currency, customers can use the SWIFT network using their international accounts. It may be noted that above will be subject to the applicable laws and any claim/benefit payout shall be governed by the applicable FEMA/RBI guidelines.