Q. Which is the first life insurance company to receive a GIFT City IFSC registration?
Answer:
IndiaFirst Life
Notes: IndiaFirst Life Insurance Company Ltd (IndiaFirst Life), one of the private life insurers of the country, became the first Indian life insurance company to get the Gujarat International Finance Tec (GIFT) City’s International Financial Services Centre (IFSC) Registration.
It obtained registration from the International Financial Services Centre Authority (IFSCA) in September 2023 following approval from the Insurance Regulatory and Development Authority of India (IRDAI) in August of the same year.