Edelweiss Tokio Life Insurance Receives Irda Approval To Increase Foreign Stake To 49%. Tokio Marine To Infuse Over inr. 525 Crore To Fund Expansion Plans

On January 29, 2016

Mumbai, January 28, 2016: Edelweiss Tokio Life Insurance Ltd., among India’s fastest growing life insurance company has received IRDA approval to increase Tokio Marine’s stake to 49% in the Joint venture. This will be a primary investment by Tokio Marine in the joint venture, a first within the Life insurance space….

Edelweiss Tokio Life Eyeing 40-50% Premium Growth This Fiscal

On September 4, 2015

Private insurer, Edelweiss Tokio Life Insurance is targeting 40-50% growth in premium income this financial year. In FY’15, the company had posted a 53% growth in premium income at Rs 123 crores. The company commenced its operations in 2011. It expects to break even on embedded value basis in FY’19….

Tokio Marine To Increase Stake In Life Insurance JV

On May 29, 2015

Japan based Tokio Marine is all set to take its stake to 49% from current 26% in Edelweiss Tokio Life Insurance. Edelweiss Tokio Life Insurance has filed an application with the Foreign Investment Promotion Board (FIPB) for hiking stake of Tokio Marine in the joint venture to 49%. Edelweiss Tokio…

Edelweiss Tokio To Help Set Up Mary Kom’s Boxing Through Crowdfunding

On September 17, 2014

Private insurer, Edelweiss Tokio Life Insurance is helping Mary Kom to set up infrastructure for a boxing academy in Manipur through crowdfunding. Crowdfunding is the practice of funding a project by raising contributions from a large number of people. This particular initiative hopes to raise Rs 10 lakhs for her…

Edelweiss Tokio‘s Life Wealth Builder

On April 3, 2014

Private insurer, Edelweiss Tokio Life Insurance’s ‘Edelweiss Tokio Life Wealth Builder’ is a non-participating insurance plan that guarantees investment benefit upfront. You can choose from four premium payment tenures -five, seven, ten and twelve years. The plan has five policy term options ranging from 10 years to 30 years. The…

Edelweiss Tokio Launched Two Endowment Plans

On January 8, 2013

Private life insurer, Edelweiss Tokio Life Insurance has launched two endowment plans –‘Save N Grow’ and ‘MultiGain’. Both the policies are participating or with-profit policies. MultiGain: It is a participating or with-profit policy along with ‘money-back’ feature. Under this plan, policyholders will receive 20% of the sum assured at an…

Edelweiss Tokio planning to double its number of products in FY’13

On March 21, 2012

Private insurer Edelweiss Tokio life insurance Company is planning to double its number of products to 18 from current 9 by the end of FY’13. It is also planning to enroll 10 lakh subscribers by 2015. Since its inception in July 2011 Company has enrolled 5,000 subscribers.   At present…

Edelweiss Tokio Life Unveiled Cashflow Protection

On March 14, 2012

Private insurer Edelweiss Tokio Life Insurance has launched a new non-linked, participating endowment assurance money back plan by the name ‘Cashflow Protection’.   Plan is designed to cater three mild stones of one’s life; wealth accumulation, planning for retirement and accumulating and creating legacy for children or grandchildren.   The…

Edelweiss Tokio life launched range of Unit-linked wealth accumulation plans

On November 2, 2011

Newest entrant in life insurance space Edelweiss Tokio Life Insurance Company has launched first range of its Unit-linked wealth accumulation plans, tailor made. Company has launched three products by the name Cover Plus, Comprehensive cover and Accelerated cover. Each plan has been designed to cater to specific needs of the…

Expansion plans of Edelweiss Tokio life

On October 19, 2011

Youngest life insurer Edelweiss Tokio life insurance company Ltd which started its commercial operations in July 2011 has already sold 1,000 insurance policies and it is expecting to cover five million lives in next five years. To achieve this growth company is expanding its branch network. Company’s initial focus is…