Current Affairs - Business - Discussion

Discussion Forum : Business - Latest Current Affairs (Q.No. 146)
146.
Which company launched USD-denominated life insurance products for NRIs from GIFT City?
HDFC Life
ICICI Prudential
Tata AIA
Max Life
Answer: Option
Explanation:
Tata AIA has initiated a significant move by launching its offshore branch at GIFT City, offering USD-denominated life insurance products specifically designed for Non-Resident Indians (NRIs). The first product, Life Protect Supreme, provides comprehensive coverage against risks such as death, disability, and critical illness, along with flexible plan options. This strategic launch by Tata AIA aims to cater to the growing demand for global insurance solutions among NRIs, with plans to introduce more products, including Unit Linked life insurance, that provide access to global equity markets.
Discussion:
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