Edelweiss Tokio Life Insurance Limited is a joint venture between the Edelweiss Group and Tokio Marine, one of the world’s leading insurance groups, headquartered in Japan.
The Indian economy is poised for a 9% annual GDP growth, with a savings growth rate upwards of 32%. We see a large opportunity in the Life Insurance sector, which is a great way of channelizing savings into long-term investments.
Edelweiss, in partnership with Tokio Marine Group, aims at bringing differentiated Life Insurance products to the Indian market based on a strong understanding of the Indian investor. After receiving all necessary regulatory approvals, we have started rolling out operations by setting up branches in Mahrashtra, Gujarat, Punjab, Haryana, Chandigarh and Delhi. Over the next couple of years we plan to have a pan-India presence with a network of highly trained Personal Financial Advisors (PFAs). Edelweiss Tokio Life PFAs would undergo a rigorous training program specially designed to blend Indian context with international knowledge. This is expected to lead to higher customer satisfaction.
With a paid up capital of INR 550 Crores, Edelweiss Tokio Life has the highest capital base at the time of launch of any private sector Life Insurance company in the country.
To learn more about the Edelweiss Tokio Life Insurance, please visit www.edelweisstokio.in
About Tokio Marine Group
Tokio Marine Holdings Inc. is the holding company for the Tokio Marine Group which is one of the leading insurers globally. The Group has stock holders equity of JPY 1,857 bn (INR 1.3 lakh crore) and Ordinary Income of JPY 3,416 Bn (INR 2.3 lakh crore) for FY12; it operates across 38 countries/ regions and 446 cities.
With over 130 years of experience in the insurance sector Tokio Marine has expanded its reach across geographies in life and non‐life insurance sectors. The Group has also successfully established Life Insurance operations as a second generation entrant in developed markets like Japan and Singapore as well as in developing markets like China, Malaysia and Thailand. The Group is rated ‘AAA’ by Japan Credit Rating Agency (JCR) while its group company Tokio Marine & Nichodo is rated ‘A++’ by A.M. Best.
To learn more about the Tokio Marine Holdings Inc, please visit www.tokiomarinehd.com/en