Aurum Advantage allows customers to invest in US dollars, euros or British pounds, with access to international equities, fixed income and gold

Ageas Federal Life Insurance has entered Gujarat International Finance Tec-City (GIFT City) with the launch of Aurum Advantage Plan, a unit-linked life insurance product that allows customers to invest in US dollars (USD), euros (EUR) or British pounds (GBP).

The company describes Aurum Advantage as the first multi-currency life insurance plan offered by a life insurer in GIFT City. The product combines life insurance cover with investment options linked to international financial markets. Its minimum investment amount is USD 3,000, EUR 3,000 or GBP 3,000, depending on the currency selected.

The launch marks Ageas Federal Life Insurance’s entry into India’s first International Financial Services Centre (IFSC), located in Gujarat. The company plans to serve customers with financial interests in different countries, including non-resident Indians (NRIs), Overseas Citizens of India (OCIs), Persons of Indian Origin (PIOs) and foreign nationals. Eligibility remains subject to the plan’s terms and applicable rules.

Aurum Advantage is a Unit Linked Insurance Plan (ULIP). Such policies combine life insurance with investments in market-linked funds. The value of the investment can rise or fall according to market performance, and returns are not guaranteed.

Under the new plan, customers can choose investment options that provide exposure to international equities, fixed income and gold. Equities represent shares in companies, while fixed-income investments generally include instruments that pay interest, such as bonds. Gold offers another type of asset, although its price can also change sharply.

Holding investments across different asset classes and currencies can help spread risk. However, the outcome depends on the funds selected, market conditions, charges and the length of time the policy is held. Overseas investments also carry currency risk. Changes in exchange rates can affect the value of an investment when measured in another currency.

The plan offers different premium payment options and fund strategies. It also includes partial withdrawals without a lock-in period, along with maturity benefits, loyalty additions and death benefits, subject to the policy’s conditions. Customers should check the withdrawal rules, charges, insurance cover and benefit calculations before buying the product.

The company has not provided a detailed comparison of the plan’s charges and expected returns in its launch announcement. Investors will need to examine the policy documents to understand the costs and risks involved.

GIFT City, in Gandhinagar, Gujarat, was developed to bring international financial services within an Indian regulatory setting. Its International Financial Services Centre serves banks, insurers, investment firms and other financial businesses working with overseas markets.

The International Financial Services Centres Authority (IFSCA) regulates financial services within the IFSC. Its rules allow registered insurance offices to conduct permitted insurance business in freely convertible foreign currencies, subject to regulatory conditions.

The use of foreign currencies is central to Aurum Advantage. Customers can select US dollars, euros or British pounds, which may suit people who earn, save or plan future expenses in those currencies. For an NRI who expects to meet future costs abroad, a policy denominated in a foreign currency may offer a closer match between savings and planned spending.

The choice of currency still matters. Someone who earns in Indian rupees may face exchange-rate costs when funding a policy in dollars, euros or pounds. A fall in the value of the selected investment funds can also reduce the policy’s value, regardless of the currency used.

GIFT City’s insurance business has been growing alongside its wider banking and investment activities. The IFSCA reported more than US$546 million in premiums transacted by insurance entities during the first quarter of the 2026-27 financial year. The figure covers insurance entities operating in the IFSC and provides a measure of activity in the sector.

Ageas Federal’s arrival adds another product to the range of insurance services offered through the centre. The plan’s multi-currency structure places the company in a market serving customers who may need financial products across national borders.

Jude Gomes, Managing Director and CEO of Ageas Federal Life Insurance, said the product was designed for customers with financial interests in several countries.

“Customers with international financial interests are increasingly seeking solutions that allow them to invest across currencies and markets. Aurum Advantage Plan addresses this need by combining multi-currency investment options with life insurance protection. Our entry into GIFT City gives us a strong platform to serve customers across international markets with solutions designed for their evolving financial needs.”

Ageas Federal plans to serve customers in the Middle East, North America, Europe, the United Kingdom, Singapore and Australia through its GIFT City operations. The company also intends to add term insurance and pension products to its portfolio in the near future.

Term insurance generally protects a policyholder’s family for a fixed period. Pension products, by contrast, help people prepare financially for retirement. Adding these products would allow the insurer to serve customers seeking different forms of financial protection and long-term savings.

The combination of insurance and market-linked investments requires careful consideration. Buyers should understand how much of their premium goes towards investment, what charges apply and how much life cover the policy provides.

The absence of a lock-in period for partial withdrawals may offer flexibility, but customers should check the conditions governing withdrawals and whether taking money out affects their remaining benefits. They should also examine the rules for maturity payments and loyalty additions rather than treating these benefits as guaranteed returns.

Aurum Advantage is available through Ageas Federal Life Insurance’s GIFT City offering. Full product details, eligibility rules and policy conditions should be reviewed before a purchase.

The launch gives Ageas Federal a new route into international insurance services from Gujarat. Its progress will depend on how well the product meets the needs of customers who want foreign-currency investments alongside life cover, while giving them a clear understanding of the costs and market risks involved.

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