General Conditions for Purchase with Repatriation or Non-Repatriation rights

• NRIs/OCBs will be permitted to make portfolio investment in shares/debentures (convertible and non-convertible) of Indian companies, with or without repatriation benefits provided the purchase is made through a stock exchange and also through designated branch of an authorized dealer. NRIs/OCBs are required to designate only one branch authorized by Reserve Bank for this purpose.
• Investment in equity shares and convertible debentures will be permitted subject to an overall ceiling of (a) 10 per cent of the total paid-up equity capital of the company concerned; and (b) 10 per cent of the total paid-up value of each series of the convertible debentures issued by the company concerned for all NRIs/OCBs taken together both on repatriation and on non-repatriation basis.
• The purchase of shares and debentures under the scheme is required to be made at the ruling market price.
• NRIs / OCBs intending to invest on non-repatriation basis should submit their applications in Form NRI / NRC respectively, through a designated branch of an authorized dealer, to Reserve Bank (Central Office). Reserve Bank will grant general permission to the concerned authorized dealer to purchase shares/debentures of Indian companies, securities (other than bearer securities) of the Central or any State Government and Treasury Bills on behalf of the NRI/OCB subject to the condition that the payment for such investment is received through inward remittance or from the investor's NRE/FCNR/NRO/NRSR account.

• An NRI is an Indian citizen who stays outside India.
  a. For purposes of carrying out employment or any business or vocation.
  b. Under circumstances indicating an intention to stay outside India for an uncertain duration.
• Any Indian citizen deputed outside India for a temporary period in connection with employment.

A citizen of a foreign country (other than a citizen of Bangladesh or Pakistan) is a PIO if:

• He/She at any time held an Indian Passport OR
• He/She or either of his parents or any of his/her grandparents was a citizen of India OR
• Spouse (not being a citizen of Bangladesh or Pakistan) of an Indian citizen (a) or (b) above.

NRI can invest in the following products.

• Equity trading on BSE and NSE
• Derivatives trading on the NSE
• IPO online
• Portfolio Management
• Investments in Mutual Funds

• An NRI should open a new bank account (NRE/NRO or both) with designated bank which is approved by RBI (Reserve Bank of India) for this purpose.
• He should apply for a general approval for investment in Indian Stock Market through his designated bank branch.
• He should open a Demat Account with an NBFC to hold his shares and register to execute his buy/sell orders on the stock exchange(s).

Bonuses:
This is a with-profit plan and participates in the profits of the Corporation’s life insurance business. It gets a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year.  Once declared, they form part of the guaranteed benefits of the plan. Bonuses will be added during the selected term or till death, if it occurs earlier. Final (Additional) Bonus may also be payable provided the policy has run for certain minimum period.