IndiaFirst Life Insurance Company Ltd (IndiaFirst Life) is the first Indian life insurer to launch operations in Gujarat International Finance Tec City (GIFT City). The organisation inaugurated its IFSC Insurance Office (IIO) at the country’s international financial gateway.
Speaking on the historic occasion, Rushabh Gandhi, Managing Director & CEO, IndiaFirst Life said, “We are delighted to be the first Indian life insurance company to commence operations in GIFT City IFSC. Our IIO will offer world class, foreign currency-denominated life insurance solutions to international customers of our partner banks – Bank of Baroda and Union Bank of India and our preferred Broker Partners. This is a key milestone in our pursuit to expand distribution through innovative channels.”
IndiaFirst Life’s IIO will have a dedicated team of specialists who will address the needs of GIFT City‘s worldwide audience. The company provides a uniquely developed ULIP product for worldwide Indians called IndiaFirst Life Wealth Wise plan. This dollar (USD)–nominated plan is suited for overseas clients seeking long-term wealth and legacy creation. It offers various investment alternatives, allowing consumers to inject cash at any point during the policy term while also partaking in India’s economic opportunities.
Also Read | IndiaFirst Life Staying Ahead in Insurance, Navigates Risks with Innovation
“IndiaFirst Life’s commitment to contributing to India’s growth narrative remains steadfast. By setting up a base at GIFT City, IndiaFirst Life aims to secure lives, create value, and expand its reach to global citizens. We are truly thankful to the regulator for this opportunity.” added Mr. Gandhi.
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/
