NRIs who have moved or are considering moving back to India should transfer their UK pensions through QROPS for better tax efficiency, investment control, and higher interest rates. Unlike UK pensions, HMRC-approved Indian QROPS schemes avoid UK inheritance tax, provide better currency stability, and offers greater flexibility in managing retirement funds. With India’s fast-growing economy and favorable pension schemes, a QROPS transfer ensures financial security and steady income for retirement while maximizing growth opportunities.
Category: GeneralQROPS List
Date: April 21, 2026

Check the recognised overseas pension schemes notification list
The following schemes in the Indian QROPS List 16th April 2024 have conveyed to HMRC that they meet the conditions to be a recognised overseas pension scheme (ROPS).
Indian QROPS List 16th April 2024
| ROPS | Country |
|---|---|
| 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 Guaranteed Pension Plan | India |
| Kotak Assured Pension Plan | India |
| Kotak Lifetime Income Plan | India |
| LIC’s Jeevan Akshay — VII | India |
| LIC’s New Jeevan Shanti | India |
| Max Life Forever Young Pension Plan | India |
| Max Life Guaranteed Lifetime Income Plan | India |
| Max Life Smart Guaranteed Pension Plan | India |
| Max Life Smart Wealth Annuity Guaranteed Pension Plan | India |
| SBI Life — Smart Annuity Plus | India |
| Tata AIA Life Insurance Fortune Guarantee Pension | India |
| Tata AIA Life Insurance Saral Pension | India |
| Tata AIA Life Insurance Smart Annuity Plan | India |