About Global Insurance in GIFT City
Global Insurance at GIFT City offers investors the opportunity to combine international protection with long-term wealth creation. Through IFSCA-regulated insurers, these plans provide life, health, and general insurance solutions to NRIs, Resident Indians (soon to be launched), and global investors. The security of insurance, combined with the growth potential of market-linked investments, ensures your protection and portfolio work together. With the credibility of GIFT City and the transparency of a global framework, Global Insurance becomes a smart, efficient way to secure your future while accessing opportunities beyond borders.
Key Features of Global Insurance
US Dollar-denominated insurance plans designed for NRIs and Foreign Investors.
A smart blend of portfolio diversification and essential life and health protection.
Offers global exposure to international equity, debt, hybrid, and thematic funds.
Provides flexibility through multiple premium payment options.
Supports partial withdrawals after the defined period.
Helps reduce currency concentration risk through USD-based investing.
Global Insurance Products We Offer
Types of Insurance Products Available
GIFT City hosts a variety of insurance providers offering products tailored to different needs. Some of the common options include:
ULIPs (Unit Linked Insurance Plans)
Dollar-denominated plans that combine insurance protection with investment growth in a single policy.
Pure Protection Plans
Term insurance policies designed for straightforward coverage with minimal documentation.
Retirement & Savings Plans
Long-term plans aimed at securing your future, featuring easy premium payments and flexible repatriation options.
What Are The Benefits Of Global Insurance?
Investing in an international insurance policy comes with multiple benefits to NRIs and foreign investors. Some of the key advantages include;
Documents required to buy GIFT City Global Insurance
To purchase a global insurance plan, you'll need to submit the following documents:
Valid Passport or Government-issued ID
Latest Local Address Proof (utility bill or bank statement)
PAN or Equivalent Tax Identification Details
Passport-size Photograph
FATCA / CRS Declaration for NRIs
KYC Form as per IFSCA Guidelines
Notarised or Self-attested Copies (if required)
Note: Digital onboarding available with select insurance issuers
FAQs
Why should you take a Global Insurance policy?
The main reason to buy a Global Insurance is primarily for claims coverage. It protects you from life, health, or financial risks that may arise across countries, ensuring seamless coverage no matter where you live, travel, or invest. Plus, the ULIP feature allows you to have a policy and invest passively in international markets.
Who needs Global Insurance?
Global Insurance policy can be ideal for NRIs, professionals working overseas, frequent travellers, international students, and anyone looking to diversify investments or secure protection beyond an insurance policy.
What types of Global Insurance are available?
In GIFT City, you can find certain types of global insurance, which are USD-denominated in the form of Life Insurance, General Insurance, and Health Insurance.
Is Global Insurance regulated?
Yes, Global Insurance offered in GIFT City is regulated by IFSCA (International Financial Services Centres Authority), which follows global-standard regulatory guidelines.
Does Global Insurance cover business risks across countries?
Yes, it does, but this rider depends on the insurer’s product range and regulatory approvals. IFSC-registered insurers are allowed to insure overseas assets, liabilities, and operations in foreign currency, making them ideal for companies with cross-border exposure. So, if the policy contains business risk as peril, you can claim coverage against it. Some global insurance plans offered from GIFT City can cover business risks across multiple countries.
Can I cancel my Global Insurance policy?
Yes. It may incur heavy cost upon cancellation of the policy.
Does Global Insurance provide tax benefits?
Eligible NRIs may enjoy tax efficiencies (Pay no taxes) on global insurance products available in GIFT City. For Resident Indians, the tax will be calculated as per the individual slab rates.