Compelo Insurance is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

Edelweiss Capital Partners With Tokio Marine

To establish life insurance joint venture in India

Edelweiss Capital has entered into an agreement with Tokio Marine Holdings, to establish a life insurance joint venture in India to be called Edelweiss Tokio Life Insurance.

The company said that the joint venture will approach the IRDA (Insurance Regulatory & Development Authority) to obtain the life insurance license.

The life insurance industry in India has grown at a CAGR of 30% over the last five years and both the partners see a growth potential in the industry. As a result, Edelweiss and Tokio Marine have committed to an aggregate initial capital of INR 5.5 billion in the first phase.

Edelweiss, an India-based financial services company, offers products and services spanning across asset classes and consumer segments.

Tokio Marine Holdings is a global insurer, with life insurance operations in developing markets like China, Malaysia and Thailand.