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International financial services

IFSCA & GIFT City

India’s international financial centre brings together a dedicated regulatory framework, insurance and reinsurance participants, and access to globally oriented financial services.

Regulatory frameworkInsurance & reinsuranceOfficial resources
Explore the framework
The IFSC landscape
A connected financial ecosystem
IFSCAThe regulatory authority for financial services in India's IFSCs
IFSCThe internationally oriented financial-services jurisdiction
GIFT CityThe Gujarat financial district hosting India's first IFSC
01 / The ecosystem

Understanding IFSCA, IFSC and GIFT City

India's International Financial Services Centre provides a framework for globally oriented financial business. These three terms describe the authority, the financial centre and the place where the ecosystem operates.

Regulatory authorityIFSCA

The International Financial Services Centres Authority regulates financial products, services and institutions in India's IFSCs under the IFSCA Act, 2019.

Financial jurisdictionIFSC

An International Financial Services Centre supports eligible internationally oriented activities, including insurance, reinsurance and associated financial services.

Financial districtGIFT City

Gujarat International Finance Tec-City, near Gandhinagar, is home to India's first IFSC and a growing financial-services ecosystem.

GIFT SEZ

The IFSC operates within a Special Economic Zone framework. SEZ authorities address relevant zone-administration matters, while IFSCA oversees regulated financial activity.

02 / Insurance ecosystem

Insurance and reinsurance in the IFSC

The IFSC framework provides for insurance, reinsurance and insurance intermediation through specifically authorised market participants. The business and permissions of each participant depend on the applicable IFSCA framework.

Market participants

Who operates within the framework?

  • IFSC Insurance Offices (IIOs)Authorised insurance or reinsurance operations established within the IFSC.
  • IFSC Insurance Intermediary Offices (IIIOs)IFSCA-registered intermediaries carrying out permitted insurance-intermediation activities.
  • Other financial institutionsBanks, funds, capital-market entities and support providers serving the broader ecosystem.
Insurance perspective

Where the IFSC becomes relevant

For eligible business, the IFSC can create additional routes to specialist underwriting and reinsurance capacity, particularly where exposures span markets or require structured solutions.

  • International exposuresOverseas operations, trade flows and cross-border business.
  • Complex corporate risksSpecialist classes, large limits and layered programmes.
  • Reinsurance structuresRisk-sharing arrangements through eligible participating entities.

IFSCA: insurance intermediary framework

03 / Company information

Novo Insure — corporate profile

Novo works with businesses to understand their exposures, structure suitable insurance requirements and engage appropriate insurance markets. Our international and specialty practice considers relevant market pathways according to the risk and applicable permissions.

Company particulars
Legal entity
Novo Insurance Broking Services Pvt. Ltd.
Regulatory authority
Insurance Regulatory and Development Authority of India (IRDAI)
Broker category
Composite Broker
Business focus
Corporate insurance, international and specialty risks, and insurance / reinsurance broking services within applicable permissions.
Corporate office
6th Floor, Pranava's One Hyderabad – Commercial, 6-5-654 Punjagutta Road, Raj Bhavan Quarters Colony, Somajiguda, Hyderabad, Telangana – 500082.
Company correspondence
info@novoinsure.com · +91 91005 09675
Principal OfficerCorporate correspondence

For the designated Principal Officer's details or regulatory correspondence, contact Novo Insure.

Compliance & grievance supportOfficial enquiry channel

Compliance-related or customer-grievance correspondence: complaints@novoinsure.com.

04 / Regulatory context

Regulatory and statutory interfaces

The international financial-services ecosystem involves several authorities with different responsibilities. The directory below explains how their roles relate to insurance, financial services, international trade and zone administration.

IRDAIRegulation of insurance and insurance intermediaries in India, including the domestic insurance-broking framework.
IFSCAFinancial-services regulation in India's IFSCs, including the applicable framework for IFSC insurance and insurance intermediation.
GIFT SEZ / KASEZSpecial Economic Zone administration and related unit-level processes, where applicable.
DGFT / IECDirectorate General of Foreign Trade, Importer–Exporter Code and associated trade procedures.
FIU-IndiaFinancial intelligence and reporting frameworks under applicable anti-money-laundering requirements.
SEPCServices Export Promotion Council: resources and facilitation for India's services-export sector.
05 / Reference library

Official links and information resources

Direct access to regulatory websites and reference materials for applicable laws, circulars, industry information and public announcements.

IFSCAFinancial-services regulator for India's IFSCs
IFSCA insurance intermediary frameworkRegulations, circulars and IIIO guidance
IRDAIInsurance regulation and intermediary information
GIFT Special Economic ZoneGIFT SEZ institutional information
Kandla Special Economic ZoneSEZ development and administration
DGFTForeign-trade policy and IEC services
FIU-IndiaFinancial-intelligence references
Services Export Promotion CouncilServices-export sector resources
Novo public policiesPrivacy Policy ↗Website Disclaimer ↗Grievance Contact ↗
06 / Correspondence

Contact Novo Insure

For questions about Novo's company profile, business scope, insurance services or official correspondence, please reach out through our published channels.

We’re here to assist.

Connect with our team for company information, international & specialty insurance enquiries and support.

Customer grievancescomplaints@novoinsure.com

Customer service and complaints correspondence

Head office: 6th Floor, Pranava's One Hyderabad – Commercial, 6-5-654 Punjagutta Road, Raj Bhavan Quarters Colony, Somajiguda, Hyderabad, Telangana – 500082.