Edelweiss Tokio Life Insurance
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Press Release

Edelweiss Tokio Life Insurance files FIPB application for foreign stake increase

20 May 2016

Edelweiss Tokio Life Insurance, India's fastest growing life insurance company, has filed an application with the Foreign Investment Promotion Board (FIPB) for increasing stake of its JV partner Tokio Marine from 26% to 49% in the Company.

Since inception in 2011, in the short span of four years, the Company has expanded its distribution footprint across agency and alternate channels and has built a nationwide network of 59 branches across 49 major cities in India with over 10,000 Personal Financial Advisors. Edelweiss Tokio Life Insurance is the winner of Rising Star Insurer Award in 2013 and has gained recognition for its fund management. Edelweiss Tokio Life Insurance funds have been rated top performers by Morningstar. Five of Six individual ULIP funds have been rated 5 Star as on March 31, 2015.

About Edelweiss Tokio Life Insurance

Edelweiss Tokio Life Insurance, India's fastest growing life insurance company, is a joint venture between Edelweiss Financial Services, one of India's leading diversified Financial Services companies and Tokio Marine Holdings Inc. a global leader with over 135 years of experience in the insurance business. This lineage brings together Edelweiss Group's  deep understanding of the Indian customers and Tokio Life's international  benchmarks .The company's approach is to help its customers meet their life-stage financial goals by providing them innovative insurance products that have been designed with the needs of the Indian customers in mind.

Edelweiss Tokio Life Insurance is expanding its presence in a phased manner. The company is now present in Maharashtra, Gujarat, Delhi, NCR, Chandigarh, Punjab, Haryana, Goa, Karnataka, Andhra Pradesh, Jharkhand, West Bengal, Orissa, Bihar, Himachal Pradesh, Madhya Pradesh; Uttar Pradesh and Rajasthan with 59 branches pan India. 

Edelweiss Tokio Life Insurance has engaged a team of professional Personal Finance Advisors (PFAs) who are trained to adopt the customer centric selling model and recommend products only after understanding and analyzing customer needs.

To learn more about Edelweiss Tokio Life Insurance, please visit www.edelweisstokio.in

To learn more about the Edelweiss Group, please visit www.edelweissfin.com

To learn more about the Tokio Marine Holdings Inc, please visit www.tokiomarinehd.com/en

 

Ankit Chothani / Mona Kwatra

Edelweiss Financial Services Ltd

Handphone: +91 98333 70569/ +91 98202 10441

Tel: +91 (22) 4088 6305/ +91 (22) 4040 7545

E‐mail: ankit.chothani@edelweissfin.com / mona.kwatra@edelweissfin.com

Sporshita Goswami

Perfect Relations                   

Handphone: +91 99208 83234

Email: sporshitag@perfectrelations.com

 

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    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.

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