AHMEDABAD:
Tata AIA Life Insurance Co. Ltd. (Tata AIA), one of India’s leading life insurers, has announced the launch of its offshore branch at Gujarat International Finance Tech-City (GIFT City), India’s first International Financial Services Centre (IFSC). The Branch will offer US dollar denominated life insurance products to Non-Resident Indians (NRIs), through its website https://international.tataaia.com.
Venky Iyer, Managing Director & Chief Executive Officer, Tata AIA, said, “The setting up of IFSC GIFT City is a remarkable step by the Government of India towards widening the scope of Indian financial services. It provides a great opportunity for insurers to provide foreign currency denominated products. We are delighted to introduce life insurance solutions for our NRI consumers, enabling them to secure their families and fulfill their aspirations.”
The Company will commence operations with a unique term offering USD denominated Life Protect Supreme, enabling policy benefits in US dollars. The Plan covers risks such as death, accident, disability, and critical illness, for up to 100 years of age. NRI Consumers can choose from five plan options to tailor
their coverage according to their lifestyle, medical history, and occupation. The Plan options offer flexibility to include add-on benefits (Riders) such as accidental death benefit, critical illness cover, and waiver of premium on accidental total and permanent disability.
The Company also plans to introduce Unit Linked life insurance products soon, giving consumers the prospect to benefit from exciting investment opportunities in global equity markets.
more recommended stories
NSE’s Mobile Application (NSEIndia) and Multilingual Website Expansion Go LiveMUMBAI:On the auspicious occasion of Diwali,.
SBI General Insurance Announces Premium RevisionMUMBAI:SBI General Insurance, one of India’s.
Govt Policy Enhances Investors’ Trust in Kerala: Minister P RajeeveTHIRUVANANTHAPURAM:Investment- friendly policies adopted by the.
Minister P Rajeeve Opens TRASNA’s New Office in TechnocityTHIRUVANANTHAPURAM:Minister for Industries Coir and Law.
Post Wayanad floods, Harrisons Malayalam Builds Nearly 100 Residences for WorkersKALPETTA:Agriculture business corporation Harrisons Malayalam has.
Muthoottu Royal Gold Unveils Lord Murugan Coin at Muthumalai Murugan TempleSALEM:Muthoottu Royal Gold one of the.
Muthoottu Mini Financiers Announces Non-Convertible DebenturesMUMBAI:Muthoottu Mini Financiers Limited (Muthoottu Mini.
Adani Foundation at ACC Tikaria Empowers Rural Entrepreneurs of GudurTIKARIA:ACC, the cement and building material.
IndusInd Bank Partners with Tata Power Renewable Energy LimitedMUMBAI:IndusInd Bank has announced a strategic.
Locks by Godrej Enterprises Group Continues to Lead in Home SafetyMUMBAI:Locks by Godrej, a business of.