I am a 59 years old NRI looking to know whether I am eligible to invest in Life /General Insurance and Fixed income products. If so, how much do I need to contribute every month? Please advice.

Published on: Jan 30, 2012, Last updated on: Jan 30, 2012

Categories: Investment Instruments, Direct Investment, Functional Areas, Source: Premium Knowledge Partner

Answered by: Kotak Mahindra Bank

Thank you for writing to us! As an NRI, you can invest in life Insurance in India, whereas, it would be advisable to take up Non Life or General insurance from the country of residence. On coming back, you can have the same as well in India. Regarding fixed income, you can either invest in bank deposits or mutual funds. As far as the amount is concerned, it depends upon your requirement of funds at particular intervals. To know more, please feel free to write to kotaknriservices@kotak.com . We are premium knowledge partner of OIFC and the 4th largest private sector bank in India. We thank you for choosing us and have a host of banking products for NRI's to choose from.

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