Bajaj Life Insurance to Expand: Pension Fund Manager & GIFT City Licences Approved

• Bajaj Life Insurance board approves setting up a Pension Fund Management company and an IFSC Insurance Office (IIO) at GIFT City.
• Strategic expansion aims to bridge India's retirement gap and offer insurance avenues for global Indians.
• Company will leverage over 20 years of fund management expertise and Rs 1.3 lakh crore AUM for NPS subscribers.
• Transitioning to an end-to-end retirement solutions architect, providing innovative pension products.
• GIFT City operations will offer foreign currency-denominated life insurance products for global citizens and NRIs.