India's 1st IRDAI Approved Insurance Web Aggregator
Edelweiss Tokio Life Insurance Company is a joint venture between the Edelweiss (74%), a financial services company in India, and Tokio Marine (26%) which is one of the fastest growing Life Insurance companies in Japan. The company is the latest entrant in the private life insurance space.
Edelweiss is one of the leading financial services companies in India. Since its inception in 1996, the company has diversified its offerings to include businesses ranging from Credit, Asset management, Capital Market, Housing Finance and Insurance. He group's net worth is more than Rs 2,400 crores. Edelweiss is present in 170 cities through 374 offices, and has more than 3000 employees that cater to more than 3,25,000 clients.
Tokio Marine Holdings Inc, the holding company for Tokio Marine group is one of the oldest and biggest insurance companies in Japan; with interests in Life, Non-Life, and Re-Insurance. It is a highly respected company around the world with its presence in 427 cities across 39 countries. The company has more than 130 years of history in the Non-Life sector while it has been in Life Insurance since 1996. It has a presence in Japan, China, Singapore, Malaysia and Thailand. The Group has booked revenues of INR 1,77,650 Crore and Net Income of INR 3,884 Crore.
Sumit Rai is the Managing Director & Chief Executive Officer of Edelweiss Tokio Life Insurance Company.
| Year | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 |
|---|---|---|---|---|---|---|---|---|---|
| Claims ratio | 57.14 | 85.11 | 93.29 | 95.24 | 95.82 | - | - | - | Yet to be published |
| Year | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 |
|---|---|---|---|---|---|---|---|---|---|
| Market share | 0.1 | 0.1 | 0.1 | 0.2 | 0.21 | - | - | - | Yet to be published |
