Ageas Federal launches multi-currency life insurance plan at GIFT City

Ageas Federal Life Insurance has launched a multi-currency unit-linked insurance plan (ULIP) at GIFT City, allowing customers to invest in US dollars, euros or pounds while receiving life insurance cover.

The Aurum Advantage Plan is the insurer’s first product launched at Gujarat International Finance Tec-City, India’s International Financial Services Centre (IFSC), marking the commencement of its operations there.

The plan offers investment options across international equities, fixed income and gold, allowing customers to diversify their portfolios across geographies and asset classes.


It offers multiple premium payment options and fund strategies, along with partial withdrawals without a lock-in period. The policy also provides maturity benefits, loyalty additions and death benefits, subject to applicable terms and conditions.

The product 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).

The minimum investment is $3,000, €3,000 or £3,000, depending on the currency selected.