Future-Ready Insurance Solutions at GIFT City

  • Global Reach with Local Expertise
  • Tailored Solutions for NRIs
  • Expert Guidance
  • Trusted Legacy

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Discover the Global Financial Hub – GIFT City

With the vision to create a world-class finance and IT zone, the GIFT City in Gandhinagar, Gujarat was developed as a financial and technology hub for individuals as well as businesses.

This business district offers world-class infrastructure and aspires to be at par with rival renowned centres like New York, London, Shanghai, Singapore and Dubai. GIFT City, India's first International Financial Services Centre (IFSC), serves as a hub for financial institutions to conduct international business typically managed through foreign offices. Units operating within the IFSC are classified as “Non-Resident” under Indian Exchange Control Regulations, functioning similarly to a foreign territory.

Transactions here are exclusively in foreign currency, excluding INR. The IFSC encompasses a wide range of financial services, including banking, finance, insurance, fintech, foreign universities and more.

SUD Life @ GIFT City – Insurance Beyond Borders

Whether you live in India or have been an NRI for some time now, having the right life insurance is crucial when you ensure financial security for your loved ones. When it comes to residents, there are various options available. Thankfully, under the Foreign Exchange Management Act (FEMA), Non-Resident Indians (NRIs) today can also explore several life insurance options that can not only help get the required coverage but also a long list of other benefits.

When looking for an insurer you can rely on, SUD Life Insurance is surely the name you can trust. With its presence across 19,500+ branches all over India, SUD Life offers tailor-made plans for people from all economic backgrounds. Soon, SUD Life will commence its operations in the GIFT City. The company plans to offer foreign currency-denominated life insurance to its international customers. 
SUD Life Insurance will be featuring a specialized team of experts dedicated to serving the city's global clientele. Along with this, there are also plans to introduce life insurance products for global Indians. These plans can be an ideal solution for those seeking long-term wealth growth and legacy planning.

    NEWLY LAUNCHED

    Why Choose SUD Life?

    1.52+ Cr Lives Covered

    3rd Largest Life Insurer for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

    20,000+

    Distribution Points across India

    31,000+ Cr

    Assests Under Management

    98.84%

    Claims Settled as per 31.03.2025

    ₹8,260 Crore

    Gross Premium till 31.03.2025

    4,500 Cr EV* (Dec '24)

    *Indian Embedded Value 4,000 Cr (Mar'24)

    Complaint Handling & Grievance Redressal

    Complaint Handling Procedure
    Appeal Mechanism
    Complaint before the Authority
    Complaints Redressal Officer & Complaints Redressal Appellate Officer’s

    a) On receipt of a complaint, CRO of the Regulated Entity shall make an assessment on the merits of the complaint. Pursuant to assessment,
    i. In case of acceptance, the Regulated Entity shall acknowledge acceptance of complaints, in writing, within 3 working days of receipt 
    of the complaint.
    ii. In case of non-acceptance, the Regulated Entity shall inform the complainant within 5 working days along with reasons. 
    b) The Regulated Entity shall examine and process the complaint in a fair, transparent, professional and impartial manner. 
    c) The Regulated Entity shall ensure that the CRO has sufficient authority to resolve the complaint or has access to other officials with the necessary authority to be able to handle the complaint in a fair and impartial manner:
    Provided that, where the CRO is or was involved in the conduct of the financial transaction which is the subject matter of the complaint, the complaint shall be handled by another officer designated by the Regulated Entity, in a fair and impartial manner.
    d) The Regulated Entity may ask for additional information from the complainant while processing the complaint.
    e) The Regulated Entity shall dispose of complaint preferably within 15 days but ordinarily not later than 30 days of acceptance of complaint. The Regulated Entity may either resolve the complaint or reject the complaint.
    f) In case of rejection of a complaint, the Regulated Entity shall give reasons for rejection of the complaint, in writing.

    FAQ about GIFT City

    What is GIFT City?
    Where is Gift City?
    What is special about GIFT City?
    Who can invest in GIFT City?
    What are the investment opportunities in GIFT City?

    GIFT stands for Gujarat International Finance Tec-City.