Edelweiss Life Insurance, established in 2011 and formerly known as Edelweiss Tokio Life Insurance, is a private life insurance company in India. While it was initially a joint venture between Edelweiss Financial Services Ltd. and Tokio Marine Holdings Inc., reports from April 2024 suggest Edelweiss’s stake in the life insurance arm would increase to 49%.

The company provides a diverse portfolio of life insurance products, including term plans, wealth creation plans, guaranteed income plans, retirement plans, child plans, and group solutions. These plans are designed to offer financial security, savings avenues, and wealth accumulation to cater to various customer requirements.

Edelweiss Life Insurance has garnered recognition within the insurance sector and is known for its focus on customers and innovative product designs. They emphasize the use of digital platforms for managing policies and processing claims.

As of March 2024, the company had a substantial presence throughout India, operating 109 branches across 88 major cities. Their claim settlement ratio for the financial year 2023-24 was reported to be high at 99.02%, indicating a strong capability in handling claims. Additionally, their solvency ratio was healthy at 2.1, exceeding the required regulatory level.

Key aspects of Edelweiss Life Insurance include a wide range of products catering to different financial goals, a customer-centric approach with tailored solutions, a focus on digital convenience for policyholders, a strong track record in settling claims efficiently, and a significant network of branches across India