Bajaj Life Insurance to enter pension fund management, GIFT City operations

• Bajaj Life Insurance receives board approval for Pension Fund Management (PFM) licence and GIFT City presence.
• Company to seek regulatory approvals from PFRDA, IFSCA, and IRDAI.
• Plans to offer NPS services via a subsidiary and foreign currency life insurance products from GIFT City.
• GIFT City operations will cater to global clients and Non-Resident Indians (NRIs).
• Bajaj Life Insurance, a Bajaj Finserv subsidiary, served over 3.49 crore customers with AUM of ₹1,38,027 crore.