Protect and Grow Your Wealth with USD-Denominated Life Insurance from GIFT City
Designed for NRIs, OCIs, foreign nationals, and eligible customers with international financial needs, subject to applicable regulations, underwriting and product terms, the Bajaj Life GIFT City Insurance solutions offer US dollar-denominated life insurance through India's International Financial Services Centre (IFSC).
Gujarat International Finance Tec-City (GIFT City) is home to GIFT IFSC, India’s maiden International Financial Services Centre (IFSC). Modelled on global financial centres such as Singapore’s Marina Bay and Dubai International Financial Centre (DIFC), it provides a globally aligned ecosystem for banking, insurance, investment, wealth management, aircraft leasing, and other cross-border financial services.
By providing India a dedicated international financial hub, GIFT City aspires to enable individuals and businesses to access global financial solutions from India.
As someone with global connection and cross-border financial needs, your financial planning needs keep on evolving. Besides currency alignment to long-term wealth planning, here are some of the benefits:
Align your life insurance with your foreign currency income, assets or financial goals.
Support long-term financial goals that extend across countries and jurisdictions.
Add an additional layer of diversification by holding insurance in US dollars.
Facilitate long-term wealth transfer and financial protection for your loved ones.
Designed for individuals whose careers, families or financial commitments span multiple countries.
Why was GIFT City created?
As India’s economy and financial markets continue to grow, GIFT City was developed to bring the opportunities of global investments, banking, insurance, and fund management closer to the country.
Often regarded as India's answer to global financial hubs such as Dubai and Singapore, GIFT City helps eligible businesses and individuals access a range of cross-border financial solutions from India, and it also supports India's vision of becoming a global financial hub.
WHO SHOULD BUY
Who Should Consider GIFT City Insurance?
If you have international financial goals or cross-border commitments, GIFT City Insurance can be a good choice for your financial plans. The following can consider GIFT City Insurance:
NRIs living and working overseas
Overseas Citizens of India (OCIs)
Foreign nationals, subject to eligibility
Entrepreneurs and professionals with global income or assets
Families planning overseas education or long-term international financial commitments
Individuals looking to align their life insurance with global wealth and legacy planning
Why Buy Life Insurance in US Dollars?
As one of the widely traded currencies in the world, a US dollar-denominated life insurance policy can help you attain your insurance goals along with lower currency fluctuations relative to domestic currency horizons. Typically, critical for family obligations planning, here is why you should consider buying life insurance in US dollars, if eligible:
Alignment With Financial Goals
If you earn, save or invest in US Dollars, a USD-denominated life insurance policy can help align your insurance with your overall financial planning.
Global Commitments
Whether you're planning for overseas education, retirement or other international financial goals, a USD-denominated policy can complement your long-term plans.
Reduce Currency Mismatch
Holding life insurance in the same currency as your future financial obligations can help reduce the impact of exchange rate fluctuations over time.
Global Planning
A USD-denominated life insurance solution can complement your broader wealth protection and legacy planning strategy, particularly if your financial interests span multiple countries.
- Check eligibility
- Select policy (from authorized options)
- Complete documentation
- Pay premiums
- Access digital servicing
- Update policy details
- Life cover
- Maturity or survival benefits, if applicable under the selected product
- Claim settlement
Wherever life takes you, Bajaj Life combines financial strength, trusted protection and digital convenience to support your evolving insurance needs.
Why Bajaj Life?
With over 25 years of experience, Bajaj Life Insurance LTD. has been helping individuals and families achieve their financial goals through innovative protection and savings solutions. Backed by the Bajaj brand, the company combines customer-centric products, digital-first servicing, and an expanding international presence to support the evolving needs of global customers.
Trusted Legacy
Backed by the Bajaj Group, a brand trusted by millions for over 100 years.
25+ Years of Expertise
Delivering life insurance solutions designed to support diverse protection and financial planning needs.
International Presence
With a representative office in Dubai and an expanding global footprint, Bajaj Life is strengthening its presence to serve globally connected customers.
Digital-First Experience
Enjoy convenient policy servicing through the Bajaj Life App, WhatsApp and other digital channels.
Thank You
Can NRIs buy GIFT City Insurance?
Yes. Eligible NRIs can purchase GIFT City Insurance solutions, subject to the applicable product terms, underwriting requirements and regulatory guidelines.
Can OCI cardholders buy GIFT City Insurance?
Yes. Eligible Overseas Citizens of India (OCIs) may purchase GIFT City Insurance, subject to the insurer's eligibility criteria and applicable regulations.
Can resident Indians buy GIFT City insurance?
Yes. Resident Indians may be eligible to purchase GIFT City insurance products through the Liberalised Remittance Scheme (LRS), subject to the applicable regulatory framework and the insurer's product eligibility criteria.
Can premiums be paid in US dollars?
Premium payment currency depends on the selected policy and applicable regulations. Many GIFT City insurance solutions are designed as USD-denominated policies.
Can claims be received overseas?
Claim settlement is subject to the policy terms and applicable regulations. Overseas claim settlements may be available depending on the product.
Can my nominee live outside India?
Yes. Nominees may reside outside India, subject to the policy terms, documentation requirements and applicable regulations.
What happens if I move to another country?
A change in your country of residence does not automatically terminate your policy. Policy servicing and benefits continue according to the policy terms and applicable regulations.
Who regulates GIFT City Insurance?
Insurance solutions offered through GIFT City's International Financial Services Centre (IFSC) are regulated by the International Financial Services Centres Authority (IFSCA).
What is the difference between IFSCA and IRDAI?
IFSCA regulates financial institutions operating within GIFT City's IFSC, while IRDAI regulates the insurance sector in mainland India.
Can I buy GIFT City Insurance online?
Online purchase may be available depending on the insurer and the selected product. Please check the product-specific application process or speak to an authorised representative.
Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS - IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
Risk Factors and Warning Statements: For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajlifeinsurance.com) carefully before concluding a sale. Regd. Office Address: Bajaj Insurance House, Airport Road, Yerawada, Pune - 411006, Reg. No.: 116, CIN: U66010PN2001PLC015959, Call us on Customer Care Number: 020-6712 1212, Mail us: customercare@bajajlife.com. The Logo of Bajaj Life Insurance Limited is provided on the basis of license given by Bajaj Finserv Limited to use its “Bajaj” Logo.