India first life gets gift city ifsc registration gujarat: India First Life Insurance has been granted the authorization to engage in life insurance operations within the Gujarat International Finance Tec (GIFT) City-International Financial Services Centre (IFSC). This achievement highlights the increasing presence of life insurance companies in the GIFT City IFSC, bolstering the city’s reputation as a flourishing financial and business center.
India first life gets gift city According to a statement from the company, this registration will empower India First Life Insurance to extend its global reach. The organization is fully prepared to commence this journey as soon as all the required formalities are completed.
India first life gets gift city ifsc registration gujarat GIFT City IFSC Registration
IndiaFirst Life Insurance has achieved a remarkable milestone by becoming the first Indian life insurance company to secure registration within the Gujarat International Finance Tec (GIFT) City-International Financial Services Centre (IFSC). This significant development paves the way for the company to expand its global footprint, capitalizing on new customer engagement opportunities worldwide.
Rushabh Gandhi, the Deputy CEO of IndiaFirst Life, expressed the company’s pride in this achievement and its determination to leverage this opportunity to enhance its market presence. The registration in GIFT City’s IFSC signifies IndiaFirst Life’s commitment to innovation and its willingness to embrace the challenges of the global financial landscape.
IndiaFirst Life: A Strategic Alliance Shaping the Future of Indian Life Insurance
IndiaFirst Life Insurance is a collaborative venture with Bank of Baroda holding a majority stake of 65 percent, Union Bank of India with a 9 percent stake, and private equity leader Warburg Pincus, which holds a substantial 26 percent share. This partnership reflects a combination of extensive experience, financial expertise, and a shared vision for the future of life insurance in India.
This significant development not only demonstrates IndiaFirst Life’s leadership in the insurance sector but also reinforces the growth and prominence of GIFT City as a dynamic and thriving International Financial Services Centre. The registration is a testament to the increasing opportunities for global financial players in India and the country’s commitment to fostering a conducive environment for their operations.
IndiaFirst Life’s achievement exemplifies its dedication to serving the diverse financial needs of customers, both within India and on a global scale. As the company embarks on this new chapter, it is well-equipped to contribute to the evolution of India’s insurance landscape and make an indelible mark in the international financial services arena.