Summary:
NRIs returning from the UK can safely transfer their pensions to India through HMRC-approved QROPS schemes. The updated May 2025 QROPS India list features multiple Indian insurance and pension plans, ensuring tax efficiency, inheritance tax benefits, and secure retirement planning.
Check the recognized overseas pension schemes notification list:
The following schemes in the QROPS List India have conveyed to HMRC that they meet the conditions to be a recognised overseas pension scheme (ROPS).
QROPS List India May 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 |
Indians who have lived in the UK and are moving back to India should transfer their pensions through Pension Schemes India for better tax efficiency and financial security. QROPS transfers help avoid UK inheritance tax, ensuring more of their pension stays with them or their beneficiaries.
People Commonly Asked
Q1: What is the QROPS India list for 2025?
The QROPS India list is an HMRC-approved notification of overseas pension schemes that meet regulatory standards, allowing UK pensions to be safely transferred to India.
Q2: Which Indian pension schemes are eligible for QROPS transfers?
Eligible schemes include major providers such as HDFC Life, ICICI Prudential, Axis Life, Bajaj Allianz, LIC, Kotak Life, SBI Life, and Tata AIA Life, offering guaranteed pension and annuity plans.
Q3: Why should NRIs transfer their UK pension to India through QROPS?
QROPS transfers help avoid UK inheritance tax, ensure compliance with HMRC rules, and allow more retirement funds to remain with the NRI or their beneficiaries.
Q4: How does a QROPS transfer work for India-based schemes?
Transfers are completed through trustee-to-trustee processes, with all documentation submitted to the HMRC-recognized Indian pension provider, ensuring tax compliance and financial security.
Q5: Where can I find the official QROPS India scheme list?
The HMRC website provides the latest recognized overseas pension schemes list, including Indian providers.
Author Bio
Written by the QROPS Direct Advisory Desk, specialists in UK-to-India pension transfers. Our team ensures NRIs follow HMRC-approved QROPS schemes for safe, tax-efficient retirement planning.
About the Organization
QROPS Direct provides advisory services for NRIs transferring UK pensions to India. With expertise in HMRC compliance and Indian pension schemes, we help secure retirement funds while maximizing tax efficiency and inheritance planning benefits.
