Edelweiss Tokio Life Insurance, the latest entrant in the private life insurance space with a start-up capital of INR 550 crores, plans to break-even early by focusing on efficiency and productivity of the agents.

The company started operations last month and has already started selling life insurance products through 30 branches.  With its regional rollout from Gujarat, Edelweiss Tokio Life Insurance is planning to open 33 new branches at select locations across the country, including 14 in...  Read More »

Life insurance companies in India focused on controlling costs and renewal business which enabled them to make higher profits in 2010-2011 as compared to the previous year.

Last year, when insurance companies were worried about the new guidelines on Unit Linked Insurance Plans (ULIPs) and how it would affect their business, Insurance Regulatory and Development Authority (IRDA) suggested them to cut down on costs in order to stay profitable. This suggestion hinted towards redesigning of...  Read More »

Edelweiss Tokio Life Insurance Company Limited has received the final nod from IRDA and is now in the list of private life insurers in the Country.

New companies looking to enter the insurance industry have to seek 3 stages of approval from the regulator. R1 is the first stage of regulatory clearance, wherein IRDA evaluates the promoters. R2 is the second stage wherein the regulator looks into the business model of the company. R3 is the third and final stage wherein the regulator looks at...  Read More »