Check the recognized overseas pension schemes notification list:
The following schemes in the QROPS List India February 2025 have conveyed to HMRC that they meet the conditions to be a recognised overseas pension scheme (ROPS).
QROPS List India February 2025
| ROPS | Country |
|---|---|
| ABSLI Guaranteed Annuity Plus | India |
| Axis Max Life Guaranteed Lifetime Income Plan | India |
| Axis Max Life Smart Guaranteed Pension Plan | India |
| Axis Max Life Smart Wealth Annuity Guaranteed Pension Plan | India |
| Bajaj Allianz Life Guaranteed Pension Goal | India |
| Bajaj Allianz Life Saral Pension | India |
| Canara HSBC Oriental Bank of Commerce Life Insurance Secure Bhavishya Plan | India |
| HDFC Life Assured Pension Plan | India |
| HDFC Life Click 2 Retire | India |
| HDFC Life Guaranteed Pension Plan | India |
| HDFC Life New Immediate Annuity Plan | India |
| HDFC Life Pension Guaranteed Plan | India |
| HDFC Life Smart Pension Plan | India |
| HDFC Life Smart Pension Plus | India |
| HDFC Life Systematic Pension Plan | India |
| ICICI Pru Easy Retirement | India |
| ICICI Pru Easy Retirement SP | India |
| ICICI Pru Gold Pension Savings | India |
| ICICI Pru Guaranteed Pension Plan | India |
| ICICI Pru Signature Pension | India |
| Kotak Assured Pension Plan | India |
| Kotak Lifetime Income Plan | India |
| LIC’s Jeevan Akshay — VII | India |
| LIC’s New Jeevan Shanti | India |
| PNB MetLife Immediate Annuity Plan | India |
| SBI Life – Smart Annuity Plus | India |
| TATA AIA Fortune Guarantee Retirement Ready | India |
| Tata AIA Life Insurance Fortune Guarantee Pension | India |
| Tata AIA Life Insurance Saral Pension | India |
| Tata AIA Life Insurance Smart Annuity Plan | India |
Changes made for India on 3 February 2025
| ROPS | Change |
|---|---|
| ICICI Pru Gold Pension Savings | Added |
| ICICI Pru Signature Pension | Added |
| Max Life Forever Young Pension Plan | Removed |
| Axis Max Life Guaranteed Lifetime Income Plan (previously Max Life Guaranteed Lifetime Income Plan) | Amended |
| Axis Max Life Smart Guaranteed Pension Plan (previously Max Life Smart Guaranteed Pension Plan) | Amended |
| Axis Max Life Smart Wealth Annuity Guaranteed Pension Plan (previously Max Life Smart Wealth Annuity Guaranteed Pension Plan) | Amended |
Indians who have lived in the UK and are moving back to India should transfer their pensions through QROPS-approved schemes for better tax efficiency and financial security. QROPS transfers help avoid UK income tax on withdrawals and inheritance tax, ensuring more of their pension stays with them or their beneficiaries.