Edelweiss Tokio Life Insurance
Edelweiss Tokio Life Insurance
  • Customer Service
    Customer Service
    • Report A Claim
    • Renew Your Policy
    • Payment Receipt
    • Premium Paid Certificate
    • Fund Statement
    • Register for E-Nach
    • Claim Tracking
    • Register Complaint
    • Update FATCA/CRS
    • Update Contact Detail
    • Unclaimed Amount
    • Contact Us
    • NB Payment Link
    • SI - Credit Card
    • Application Tracker
  • Our Products
    Our Products
    • Capital Secure+ – A combination of market-linked and guaranteed returns

    • Edelweiss Tokio Life –Wealth Rise+ – A double-advantage ULIP

    • Edelweiss Tokio Life – Premier Guaranteed Income – A guaranteed income plan

    • Edelweiss Tokio Life – Wealth Secure+ – A new generation ULIP

    • Edelweiss Tokio Life – Zindagi Plus – A comprehensive term plan

    • All Products
  • Resume Application
    Resume Application
  • Blogs
    Blogs
  • Knowledge Center
    Knowledge Center
    • Life Insurance
    • Term Insurance
    • Unit Linked Insurance Plans
    • Guaranteed Income Plans
    • Retirement Insurance
    • Health Insurance Plans
    • Child Plans
    • Covid Insurance
    • NRI Insurance
    • Investment Plans
    • Endowment Plans
    • Group Insurance
    • Micro Insurance
    • Sabse Phele Life Insurance
    • Income Tax
  • About Us
    About Us
    • Why Choose Us
    • Public Disclosure
    • Awards & Recognition
    • Testimonials
    • Our Funds
    • Careers
  • Login
    Login
    • Customer Login
    • Partner Login
  • FOR CUSTOMER SERVICE
    Mon-Sat (10 AM TO 7 PM)
    1800 2121 212
    FOR PRODUCT QUERIES
    (Give a missed call on)
    022 6611 6040
    • Customer Login
    • Partner Login
Icon
Icon

Thank You!!

Icon

Error Message!

Error

Icon

Error Message!

Error

In the News

Edelweiss Tokio Life eyes 15-20 percent growth in new business premium for next few years, says CEO

6 December 2019

Edelweiss Tokio Life eyes 15-20% growth in new business premium for next few years, says CEO

 

Edelweiss Tokio Life Insurance Company Ltd (ETLI) has embarked on a product rebalancing journey to have a more ‘wholesome’ product portfolio and offer the right kind of products to customers, according to a top official.

 

The private life insurer, which started operations in 2011, is eyeing 15 to 20 per cent annual growth in new business premium (NBP) for the next few years, Sumit Rai, Managing Director and CEO, ETLI, told BusinessLine.

 

In the first half this fiscal, the company clocked an NBP of Rs 133 crore, a 13 per cent year-on-year growth. This was better than the overall industry growth of 9 per cent and private life insurance industry growth of about 11 per cent. For the whole of 2018-19, the NBP was Rs 344 crore. Over the last year, the proportion of ULIPs in overall product portfolio has come down from 40 to 45 per cent level to about 31 per cent.

 

“We are looking to have a wholesome and balanced product portfolio. We want to be a balanced player. The share of ULIPs could be 30 per cent, participating products 30 per cent, non-participating products 30 per cent and protection of about 10 per cent,” he said.

 

Rai highlighted that several customers are uncomfortable with the volatility and are, therefore, seeking more traditional products.

 

“We are keen to improve the protection quotient in our product portfolio. Our protection share has gone up in the last one year. Consumers today are significantly more aware of the need to have protection. What was a hard push five years ago is not like that anymore,” he said. Rai also asserted that the ongoing economic slowdown had no significant impact on the life insurance industry or on the company’s prospects.

 

Wealth Secure

A few days back, Edelweiss Tokio Life launched an online-only ULIP, Wealth Secure , said Rai. It is being seen as one of the most competitive products in this space in the industry. It has an affordable premium with an option to start savings even with Rs 1,000 per month.

 

“Our focus is to bring as much innovation as possible in our products. Zindagi Plus and now Wealth Secure Plus are two such initiatives launched with innovative features,” said Rai.

 

ETLI, which is a 51:49 joint venture between Edelweiss Financial Services and Tokio Marine Holdings Inc, one of the oldest insurance companies in Japan, will focus on being a multi-channel player.

 

“While continuing to grow our proprietary agency channel, we will also look to increase the bancassurance play in the coming days. Digital channel currently accounts for about 9 per cent of overall sales and we will look to further grow on that as well,” he said.

 

Capital-raising plans

On capital-raising, Rai said the life insurer was comfortably placed and adequately capitalised. There are also no plans to raise fresh capital this fiscal or in 2020-21.

 

Asked if Edelweiss Tokio Life will contemplate a public listing in the next few years, Rai replied in the negative.

 

“We are not looking at a listing or an IPO for the next three to four years,” he said.

0

    Top Press Release

    #news

    Is year 2022 a pre-cursor to long-term insurance industry growth

    29 Dec 2022

    32
    #news

    Financial planning The advantages of starting early

    25 Dec 2022

    13
    #news

    Abhishek Gupta decodes life insurance marketing trends in 2023

    24 Dec 2022

    17
    #news

    Anup Seth on creating a plural organization

    16 Dec 2022

    28
    #news

    Considering a change in profession? Here’s how you can financially prepare for it

    20 Nov 2022

    67
    #news

    It is crucial to talk to children about money matters

    14 Nov 2022

    32
    #news

    Children’s Day Special: What comes first – Kids or Financial Planning?

    14 Nov 2022

    32
    #news

    Children's Day: How to inculcate habits that will help your kids cope with financial adversity?

    14 Nov 2022

    18
    #news

    Empowering Gen Z with 360-degree approach in financial planning

    20 Oct 2022

    35
    #news

    The evolution of festive marketing

    20 Oct 2022

    19
    • About Edelweiss Tokio
    • All Plans
    • Customer Service
    • Legal
    • Support
    • About Edelweiss Tokio

      • About Us
      • Board of Directors, Committees and Resignations
      • Key Management Persons
      • Edelweiss Tokio Life CSR Policy
      • Terms and conditions of appointment of the Independent Directors
      • Testimonials
      • Customer Advisory
      • Our funds
      • Become An Advisor
      • The Buzz
      • Notice & Scrutiniser Reports
      • Careers
      • Sitemap
      • Whistle Blower Policy
      • Remuneration Policy
      • Annual Return
      • Awards & Recognition
      • Branch List
    • All Plans

      • Term Insurance Plan
      • Term Insurance Plans - Hindi
      • Unit Linked Insurance Plans
      • Guaranteed Income Plan
      • Investment Plans
      • Child Insurance Plans
      • Retirement Insurance Plans
      • Retirement Insurance Plans - Hindi
      • Group Insurance Plans
      • Endowment Plans
      • Micro Insurance Plans
      • Sabse Pehle Life Insurance
      • Life Insurance Plan
      • NRI Insurance Plan
      • COVID-19 Insurance Plan
      • Health Insurance Plan
    • Customer Service

      • Service Parameters & TAT
      • Renew Online
      • Riders
      • E-Statements
      • NAVs
      • Grievance Redressal
      • Products and Riders
      • Unclaimed Amount
      • Payment options
      • Account Value Declaration
      • Fund history
      • Application Tracker
      • NB Payment Link
    • Legal

      • Terms & Conditions
      • Privacy Policy
      • Chat Policy
      • Fund Benchmark
      • Email Disclaimer
      • Institutional Disclaimer
      • Insurance Disclaimer
    • Group Companies

      • Edelweiss Financial Services Limited
      • Tokio Marine Holdings Inc.
    • Support

      • File A Complaint
      • Live Chat
      • Call Back
      • FAQ
      • Pre-sales process
      • Contact Us
    • Important Links

      • IRDAI
      • Life Insurance Council
      • Insurance Ombudsman
      • Anti Fraud Policy
      • Public Disclosure
      • Premium Calculator
      • Do Not Call Registry
      • Corporate Agents
      • Discontinued Products & Riders
      • Bonus Rates
      • Public Disclosure-Agent List
      • Goods and Services Tax
      • Consumer Education
      • Pre-Sales Process
      • Downloads
      • Terminated agents
      • IRDAI on Spurious Call
      • Electronic Insurance Account
      • Edelweiss Tokio CSR Policy
      • T&C of Appointment of ID
      • Proposal Forms
      • Notice on cash collection
      • Compounding Calculator
      • Retirement Calculator
      • Income Tax
      • UW Philosophy for PLHA
      • UW Philosophy for Disability / Mental Illness
      • UW Philosophy for Transgender Persons
      • Organ Donation
      • Simplified Claim Process
    Registered & Corporate Office: 6th Floor, Tower 3, Wing ‘B’, Kohinoor City, Kirol Road, Kurla (W), Mumbai – 400070
    T: 1800-212-1212 F: (022) 6117 7833care@edelweisstokio.in https://www.edelweisstokio.in

    Edelweiss Tokio Life Insurance Company Limited. All Rights Reserved. Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company. IRDAI Regn. No.: 147. CIN: U66010MH2009PLC197336. Tax benefits are as per the Income Tax Act, 1961, and are subject to amendments made thereto from time to time. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding a sale. Flower & Edelweiss (as displayed above) are trademarks of Edelweiss Financial Services Limited; "Tokio" is Trademark of Tokio Marine Holdings Inc. and used by Edelweiss Tokio Life Insurance Co. Ltd. under license. Edelweiss Tokio Life Insurance Company Limited. Registered & Corporate Office: 6th Floor, Tower 3, Wing ‘B’, Kohinoor City, Kirol Road, Kurla (W), Mumbai – 400070.  Toll Free No.: 1800 212 1212 | Fax No.: +91 22 6117 7833 | www.edelweisstokio.in This is a Private website owned by the Company. Unauthorized scanning of vulnerabilities and exploitation of the same is strictly prohibited. If you have been found to do so, Company may bring Civil and/or Criminal action and/or legal proceedings against you which shall be entirely at your costs and consequences.

    BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/ FRAUDULENT OFFERS

    IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

    Copyright © 2019 Edelweiss Tokio Life Insurance Company Limited. All rights reserved.
    • Term of Service
    • Privacy Policy
    • Term of Service
    • Privacy Policy