Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, is set to open a branch in India, in India's first International Financial Services Centre (IFSC) in GIFT City in Gujarat in India.
ADNIC has secured approval from the Central Bank of the United Arab Emirates (CBUAE), with Indian regulatory approval expected to follow ahead of an anticipated branch opening in the latter part of 2026.
In a statement, ADNIC said that the move demonstrates the company’s international growth objectives and strongly connects to ADNIC’s recent entry into the Saudi Arabian market. More broadly, it is anticipated that the India branch will diversify revenue for ADNIC while supporting clients in a high-growth market.
The UAE and India continue to advance their economic partnership, with both countries committing to double bilateral trade to $200bn by 2032, building on the dramatic gains delivered by the Comprehensive Economic Partnership Agreement (CEPA) that came into force in 2022. ADNIC’s India branch will play a role in strengthening UAE-India bilateral economic ties.
ADNIC Chairman Sheikh Mohamed Bin Saif Al-Nahyan said, “The move reflects ADNIC’s global expansion ambitions and its commitment to strengthening its presence in high-growth markets, driven by the UAE’s strategic ties with India and a long-standing relationship built on trade, trust, and shared ambition. The planned opening of ADNIC’s India branch reflects this profound relationship and serves to deepen it further, as well as advancing our global growth aspirations. As one of the UAE’s leading insurers, our growing international presence enables us to broaden client engagement across the world’s most dynamic markets.”
ADNIC Group provides insurance and reinsurance coverage worldwide and currently maintains physical offices across the UAE, Saudi Arabia, and the United Kingdom, with its India branch set to join this network.
Several insurers in the GCC have opened branches in the IFSC or are planning to do so. Among them, Saudi Reinsurance Company inaugurated a branch in the centre on 18 January 2026. Qatar’s Doha Insurance commenced reinsurance operations in the IFSC on 26 March 2025, after receiving a certificate of registration from the centre’s authority for its branch there.