'It is to inform that the Life Insurance Corproation of India has started its operation at IFSC Branch, Gift City, Gandhinagar, Gujarat'.
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Life Insurance Corporation of India (LIC) has commenced operations at its IFSC (International Financial Services Centre) Branch located in GIFT City, Gandhinagar, Gujarat, effective February 27, 2026. This is a follow-up to an earlier filing from December 26, 2023, regarding the establishment of this branch. GIFT City is a major international financial hub, and setting up operations there allows LIC to offer insurance products to NRIs and foreign clients in a foreign currency, tax-friendly environment. The disclosure has been made under SEBI Listing Regulations.
This is a routine operational update with no immediate material impact on revenue or earnings, but it expands LIC's international footprint and could support long-term growth in foreign currency business and NRI segment.