The Hindu·2 min read·medium
Policybazaar to market dollar-denominated term plans of insurers through GIFT City
T
The Hindu Bureau
✦AI Summary
Policybazaar has launched U.S. dollar-denominated term insurance plans for non-resident Indians through the GIFT City financial hub. This initiative aims to protect the Indian diaspora from currency depreciation risks by allowing premiums and payouts to be handled in dollars.
Digital insurance platform Policybazaar on Monday said it has started offering U.S. dollar-denominated term insurance plans of its partner insurers for non-resident Indians (NRIs) through the International Financial Services Centre, GIFT City, Gujarat.
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