It is applicable to all the policyholders, where any of the following indicia is true:

Citizenship or tax residency outside India

Place of birth outside India

Mailing or residence address (including P.O.Box) outside India

Telephone number (residence or mobile) outside India

Standing instruction of transfer funds to an account domiciled outside India

Power of attorney or signatory authority granted to a person with address outside India

A "hold mail" instruction or "in-care-of" address in a jurisdiction outside India if the reporting financial institution does not have any other address on file for the account holder

Following additional details will be mandatorily required at the time of account opening and at the time of renewals for pre-existing accounts as defined under FATCA/CRS, if not provided earlier. Same has been incorporated in the NRI questionnaire.

Country of Birth

Country of residence as per tax law

Tax Identification number (TIN)

Double Taxation Avoidance Agreement (DTAA) is signed by the governments of two nations to eliminate double taxation on the same income in both the countries. DTAA prescribes, the country in which the income earned from a foreign country will be taxable.