Entity setup
IFSC Insurance Office (IIO)
Direct insurance and reinsurance from GIFT IFSC
About this entity type
A very brief overview
An IFSC Insurance Office is a branch or subsidiary of an Indian or foreign insurer or reinsurer permitted to write direct insurance and reinsurance business from the IFSC. The parent must assign a minimum capital (Net Owned Fund) to the IIO, and business is transacted in freely convertible foreign currency, with rupee cover permitted only in specified cases.
Who it suits: Indian and foreign insurers, reinsurers and Lloyd's syndicates.
Applicable regulation
IFSCA (Registration of Insurance Business) Regulations, 2021
Registration of IIOs, assigned capital, solvency, permitted classes of business and public-disclosure obligations.
Official sourceIFSCA (Operations of International Financial Services Centres Insurance Offices) Guidelines, 2021
Ongoing operational, investment and reporting requirements for IIOs.
Official source
Registered entities
Entities registered under IFSC Insurance Office (IIO)
41 entities on the IFSCA register. Live data from the IFSCA directory.
| Entity | Sub-category | Registration | Validity |
|---|---|---|---|
| Abu Dhabi National Insurance Company PJSC | IFSC Insurance Office (IIO) | IIO2026FIA100320 Feb 2026 | Perpetual / Not stated |
| African Reinsurance Corporation | IFSC Insurance Office (IIO) | IFSCA/IIO/28/2025-2616 Jan 2026 | Perpetual / Not stated |
| Ageas Federal Life Insurance Company Limited | IFSC Insurance Office (IIO) | IIO2026IIA112718 Aug 2026 | Perpetual / Not stated |
| Arch Reinsurance Europe Underwriting dac | IFSC Insurance Office (IIO) | IIO2026FIA101512 Mar 2026 | Perpetual / Not stated |
| Assicurazioni Generali S.p.A. | IFSC Insurance Office (IIO) | IIO2025FIA086501 Aug 2025 | Perpetual / Not stated |
| AWP P&C S.A. | IFSC Insurance Office (IIO) | IFSCA/IIO/012/2023-2428 Mar 2024 | Perpetual / Not stated |
| Axis Max Life Insurance Limited | IFSC Insurance Office (IIO) | IIO2025IIA090118 Nov 2025 | Perpetual / Not stated |
| Berkley Insurance Company | IFSC Insurance Office (IIO) | —— | Perpetual / Not stated |
| Canara HSBC Life Insurance Co. Ltd. | IFSC Insurance Office (IIO) | IFSCA/IIO/013/2024-2503 Jun 2024 | Perpetual / Not stated |
| Care Health Insurance Ltd. | IFSC Insurance Office (IIO) | IFSCA/IIO/009/2023-2423 Feb 2024 | Perpetual / Not stated |
| Doha Insurance Group (Q.P.S.C) | IFSC Insurance Office (IIO) | IFSCA/IIO/019/2024-2526 Mar 2025 | Perpetual / Not stated |
| EarthRe Insurance IFSC Limited | IFSC Insurance Office (IIO) | IIO2026WOS111903 Aug 2026 | Perpetual / Not stated |
| ECGC Ltd. | IFSC Insurance Office (IIO) | SEZ/GIFT/IIO/00324 Jul 2017 | Perpetual / Not stated |
| Echo Reinsurance Limited | IFSC Insurance Office (IIO) | IIO2026FIA101612 Mar 2026 | Perpetual / Not stated |
| Eurasia Insurance Company JSC | IFSC Insurance Office (IIO) | IIO2026FIA093705 Jan 2026 | Perpetual / Not stated |
Timeline & approach
How we take IFSC Insurance Office (IIO) from plan to authorisation
Step 1
Eligibility & structure
Week 1
We map your activity to the right IFSCA category and sub-category, confirm net worth, KMP and shareholding eligibility, and fix the holding structure.
Step 2
SEZ unit approval
Weeks 2–4
Unit application to the Development Commissioner, Letter of Approval, office space lease and NDC/customs registrations.
Step 3
IFSCA application
Weeks 3–8
Application, business plan, policies (AML/CFT, risk, outsourcing, cyber), KMP profiles and query resolution until in-principle approval.
Step 4
Go-live & compliance calendar
Weeks 8–14
Bank account, systems, statutory registrations, commencement intimation and handover to a live obligation calendar in your Gateway portal.
Indicative cost
Advisory engagement from USD 15,000
Covers regulator application, actuarial/solvency coordination and SEZ approvals.
Why GIFT City Gateway
Why sponsors pick us for this
Category specialists
We work only on GIFT IFSC mandates — the regulation, the reviewer questions and the SEZ process are our daily work.
One accountable owner
A named Gateway lead runs your application end to end, not a rotating coordinator queue.
Live intelligence
We track every authorised entity in this category, so your structure is benchmarked against real precedents.
Setup to steady state
Registration hands over into a live compliance calendar in your client portal — no gap after go-live.
Next step
Tell us what you need for IFSC Insurance Office (IIO)
Share your plan and we respond with the eligibility read, the document list, the indicative timeline and a fee.
- • Eligibility and net-worth check against the applicable regulation
- • Structure options (branch vs subsidiary, holding jurisdiction)
- • Week-by-week plan across SEZ and IFSCA
- • Fixed-fee proposal with the compliance calendar that follows
Lead details