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| 30 August, 2024, 02:13 PM IST | Today's ePaper
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    Studying Abroad? Insurers go the extra mile to cover risks

    Studying Abroad? Insurers go the extra mile to cover risks

    Insurance companies are adapting their products to meet the needs of the growing number of Indian students studying abroad. This year, 1.33 million Indians are pursuing higher studies overseas. Increased geopolitical risks and healthcare costs have led insurers like HDFC Ergo, Tata AIG, and ICICI Lombard to offer customized and comprehensive insurance plans. Flexible policies now cover medical expenses, accommodation, and return travel costs, aiming to rival university policies often at a lower cost.

    Is London real estate being used as a tax haven by the global elite?

    Is London real estate being used as a tax haven by the global elite?

    Sending money abroad can become cheaper through UPI: RBI Guv Das

    Planning to buy a home in Canada? Know the average housing costs in major cities

    Understanding GST benefits for NRIs buying health insurance in India

    Understanding GST benefits for NRIs buying health insurance in India

    India to work on linking UPI with Malaysia's PayNet: PM Modi after talks with Malaysian PM Ibrahim

    India to work on linking UPI with Malaysia's PayNet: PM Modi after talks with Malaysian PM Ibrahim

    Rich Indians’ plan to invest abroad via new hub hits roadblock

    When is a cash gift from NRI relatives taxable for resident Indians?

    Indian real estate booms with rising NRI interest amid Budget reforms & infrastructure growth

    Trending in NRI: SAT Math Section TipsExams Around the WorldNew Zealand New Work VisaNewfoundland Labrador Provincial Nominee ProgramSending Money Abroad Through UPI
    NRI Slideshows
    NRI Slideshows

    Taxation

    More From Taxation
    Is London real estate being used as a tax haven by the global elite?

    Is London real estate being used as a tax haven by the global elite?

    For tax reasons, anonymous foreign firms are purchasing real estate in affluent cities such as New York, Paris, Tokyo, Singapore, Dubai, and, shockingly, Oslo. Since the Common Reporting Standard on offshore investments was gradually implemented in the 2010s and required banks to communicate information with the account holder's tax authorities, it has experienced significant growth.

    When is a cash gift from NRI relatives taxable for resident Indians?

    Buying gold overseas seen to lose lustre as duty cut push domestic sales

    How will the Budget 2024 changes affect NRIs?

    Planning to move abroad? Check this Budget measure and get this certificate first

    Budget 2024: Increased deductions, new tax regime tweaks and everything NRIs need to know

    Budget 2024: Increased deductions, new tax regime tweaks and everything NRIs need to know

    Finance Minister Nirmala Sitharaman's Budget 2024 includes significant tax reforms for NRIs. Key changes involve adjusting tax slab rates, introducing new standard deductions, and revising capital gains taxes. Additionally, the budget addresses FEMA residency, updates rules for bonds and debentures, and removes indexation benefits. Effective from July 2024, these reforms aim to ease cash flow issues and refund claims.

    The tax tweaks that you need to be aware of if you're planning to study or travel abroad

    Income tax guide for NRIs as ITR filing deadline looms

    Income tax guide for NRIs as ITR filing deadline looms

    Income Tax filing: Do NRIs need to file ITR if they have no income in India?

    Portugal plans to reintroduce controversial tax breaks for foreign residents

    Real Estate

    More From Real Estate
    Planning to buy a home in Canada? Know the average housing costs in major cities

    Planning to buy a home in Canada? Know the average housing costs in major cities

    In 2024, housing has become a significant concern in Canada due to fluctuating interest rates, population growth, and migration trends. A CIC News report provides average home prices across major cities, revealing substantial variations: for instance, detached houses in Vancouver average $8,493,824, while in Winnipeg, they average $459,325.

    Pandemic spurs NRI investments in Indian vacation homes

    Is Dubai becoming the ultimate destination for ultra-rich home buyers?

    Budget 2024 Expectations: Policies and reforms needed to boost NRI investments in Indian real estate

    NRI Investing Guide: Are you legally allowed to buy agricultural land in India?

    Buying a home in Dubai? Do a FEMA reality check

    Buying a home in Dubai? Do a FEMA reality check

    Navigating property purchases in Dubai can be a regulatory maze for Indians due to foreign exchange laws. Deals offering easy payment plans with instalments over years may violate FEMA. Regulations permit remittance of $250,000 per individual annually for property purchases abroad. However, transactions involving 'instalments' create obligations in foreign exchange, potentially breaching FEMA rules.

    Canada to allow first-time homebuyers to opt for longer, 30-year mortgages

    Spain to scupper 'golden visas' for foreign real estate investors

    Spain to scupper 'golden visas' for foreign real estate investors

    What to expect in 2024 as NRI investments in Indian real estate skyrocket

    Evolving demand: Primary driver of NRI investment in Indian real estate

    Money

    More From Money
    Studying Abroad? Insurers go the extra mile to cover risks

    Studying Abroad? Insurers go the extra mile to cover risks

    Insurance companies are adapting their products to meet the needs of the growing number of Indian students studying abroad. This year, 1.33 million Indians are pursuing higher studies overseas. Increased geopolitical risks and healthcare costs have led insurers like HDFC Ergo, Tata AIG, and ICICI Lombard to offer customized and comprehensive insurance plans. Flexible policies now cover medical expenses, accommodation, and return travel costs, aiming to rival university policies often at a lower cost.

    Studying Abroad? Insurers go the extra mile to cover risks

    Sending money abroad can become cheaper through UPI: RBI Guv Das

    India to work on linking UPI with Malaysia's PayNet: PM Modi after talks with Malaysian PM Ibrahim

    Rich Indians’ plan to invest abroad via new hub hits roadblock

    Wise eyes more of India’s $32 billion in overseas remittances

    Wise eyes more of India’s $32 billion in overseas remittances

    Wise Payments Ltd. is gearing up to resume signing up new customers in India for overseas remittances. The London-based fintech firm had paused accepting new clients in recent months to revamp its infrastructure. This comes after the company received a license from the Reserve Bank of India, which allows its app’s customers to send more money abroad. Wise aims to restart this process in the next few months.

    India to introduce UPI payment service in Maldives

    Indians can use JioFinance app for payments at some tourist attractions in Paris

    Indians can use JioFinance app for payments at some tourist attractions in Paris

    QR-Code payments: Paris yet to decode UPI method

    Remittances to India expected to grow by 3.7% in 2024, to reach $124 bn: Economic Survey

    Latest Stories From NRI

    US issues new guidelines on OPT eligibility, grace periods, and study abroad for international STEM students

    US issues new guidelines on OPT eligibility, grace periods, and study abroad for international STEM students

    The USCIS has issued new guidelines for F and M nonimmigrant students regarding STEM OPT extensions. The revisions cover online study allowances, school transfers, grace periods, and study abroad programs. Effective immediately, these updates apply to all pending and future requests, clarifying several essential rules for international students.

    Vistara is being phased out, staring September 3. What happens to your international ticket?

    America's top 10 universities in 2024

    Studying Abroad? Insurers go the extra mile to cover risks

    Hurun reveals the top 10 richest NRIs in the world; check full list

    International students struggling with poor English still earning master’s degrees in UK: Report

    International students struggling with poor English still earning master’s degrees in UK: Report

    A blog by two anonymous professors claims many international students at British universities lack essential English language skills but still obtain degrees. They highlight issues in master's programs, citing poor class engagement and reliance on translation apps. This problem risks UK's higher education standing.

    Canada ends policy allowing visitor visa holders to apply for work permits from within the country

    Top News from ET

    1.Neo large cap for long-term investors: 6 largecap stocks from different sectors with up to 27% upside potential

    Neo large cap for long-term investors: 6 largecap stocks from different sectors with up to 27% upside potential

    LTIMindtree shares fall 0.03% as Nifty gains
    2.

    LTIMindtree shares fall 0.03% as Nifty gains

    Sebi cancels registration of 39 stock brokers, 7 commodity brokers
    3.

    Sebi cancels registration of 39 stock brokers, 7 commodity brokers

    Big Waqf reset begins: Parliament panel hits start button, sends feelers to experts, stakeholders for inputs
    4.

    Big Waqf reset begins: Parliament panel hits start button, sends feelers to experts, stakeholders for inputs

    The Economic Times