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Ageas Federal Launches First Multi-Currency Life Insurance Plan in GIFT City
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CNBC TV18•08-10-2026, 20:03
Ageas Federal Launches First Multi-Currency Life Insurance Plan in GIFT City
- •Ageas Federal Life Insurance has introduced the Aurum Advantage Plan, marking its entry and start of operations in GIFT City.
- •The Unit Linked Insurance Plan allows customers to invest in US dollars, euros or pounds with exposure to international equities, fixed income and gold.
- •The plan requires a minimum investment of 3000 units in the chosen currency and offers flexible premium payment options with no lock-in period for partial withdrawals.
- •It is available to individuals of any nationality and residential status, including NRIs, OCIs and PIOs.
- •The company plans to expand its GIFT City portfolio by introducing term insurance and pension products in the near future.
Key Questions Answered
Ageas Federal Life Insurance launched the Aurum Advantage Plan, which is described as the first multi-currency life insurance plan offered by a life insurer in GIFT City.
The minimum investment for the plan is $3,000, €3,000, or £3,000, depending on the currency selected by the customer.
The plan is available to customers of any nationality, irrespective of residential status, including non-resident Indians (NRIs), Overseas Citizens of India (OCIs), and Persons of Indian Origin (PIOs).
