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LIC plans to set up office in GIFT City during FY24
The Business Guardian
|December 04, 2023
Life Insurance Corporation Life (LIC) is planning to open office in GIFT International Financial Services Centre Gandhinagar (Gujarat) during the current fiscal to further its overseas business.
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LIC's presence in the Gujarat International Finance Tec (GIFT) City-International Financial Services Centre (IFSC) will enable the company to expand its global business. "We are going to open our branch very soon in the GIFT City. It should happen during the current financial year itself. This will enhance our foreign operations," LIC Chairman Siddhartha Mohanty told PTI in an interview.
He said LIC has presence in 14 countries through branch offices, subsidiaries and joint ventures.
The Corporation directly operates through its branch offices in Fiji (Suva and Lautoka), Mauritius (Port Louis) and United Kingdom (Watford).
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