In July 2021, Gift-City regulator IFSCA set up an expert committee to recommend an approach towards development of the Longevity Finance Hub. The IFSCA is headquartered in which city?

Gurugram
New Delhi
Mumbai
Gandhinagar
Ahmedabad

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 4 : Gandhinagar

The correct answer is Gandhinagar:

Gift-City regulator IFSCA has set up an expert committee to recommend an approach towards development of the Longevity Finance Hub in the Gift-City in Gandhinagar, Gujarat.
The expert committee is being co-chaired by Kaku Nakhate, President and Country Head (India), Bank of America, and Gopalan Srinivasan, Ex-CMD, New India Assurance Company Limited.
The committee members comprise of leaders from the entire longevity finance ecosystem including from areas such as banking, insurance, wealth management, FinTech, legal, compliance and management consultancy.
Global estimates suggest that there are one billion people aged 60 years and above with a combined spending power of 15 trillion dollars and the size is ever expanding.
Development in medicinal science and technology will support extending the lifespan and longevity of the silver generation.
It is estimated that by 2040, there will be more members of the silver generation than people under 20.
This demographic change will throw open new challenges and opportunities especially in the areas of wealth management, health, insurance, and other investment products.
This has prompted the International Financial Services Centre Authority to set up an expert committee.
The International Financial Services Centres Authority (IFSCA) was established on April 27, 2020 under the International Financial Services Centres Authority Act, 2019.
It is headquartered at GIFT City, Gandhinagar in Gujarat.

4 views Answered 2022-09-04 04:29

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