Gujarat, GIFT City 03 April 2025: Star Union Dai-ichi Life Insurance Company Ltd. (SUD Life), a trusted name in the Indian life insurance sector since 2009, has expanded its global presence by establishing an IFSC Insurance Office (IIO) at GujaratInternational Finance Tech City (GIFT City), India’s first International Financial Services Centre (IFSC). With this strategic move, SUD Life is set to offer US dollar-denominated life insurance solutions tailored for Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), and Resident Indians (RIs) through theirexclusive distribution team having expertise in financial advice.
As part of this expansion, SUD Life has introduced its inaugural international product, SUD Life International Wealth Creator, a Unit Linked Life Insurance Plan (ULIP) designed to provide life insurance protection along with wealth creation opportunities. This innovative plan empowers policyholders to invest in five different international funds,like theSUD Life GIFT US Equity Fund, the SUD Life GIFT Global Equity Fund,the SUD Life GIFT US Treasuries Fund, the SUD Life GIFT EM Treasury Fundand the SUD Life GIFT Commodities Fund, each tailored to meetthe evolving financial goals and risk appetites. Whether securing funds for achild’s international and national education, planning for the golden years, or building a financial safety net, this plan offers a flexible, market-linked investment approach that ensures sustainable growth of accumulated wealth.
On the occasion of this landmark expansion, Abhay Tewari, MD & CEO of Star Union Dai-ichi Life Insurance, stated,”The launch of our GIFT City branch and SUD Life International Wealth Creator strengthens our commitment to the global Indian community. This initiative empowers NRIs, PIOs, and RIs with life insurance solutions and wealth-building opportunities through globally diversified investments. We at SUD Life continue to innovate and expand, ensuring our customers achieve lasting financial security.”
The launch event was a momentous occasion, graced by the presence of Abhay Tewari, MD & CEO of SUD Life, along with senior officials from Union Bank of India, Bank of India, and SUD Life.
With this milestone, SUD Life takes a significant step towards serving a global customer base. By offering internationally linked life insurance solutions, the company reaffirms its commitment to delivering financial security and growth opportunities that align with evolving customer aspirations.
