Edelweiss Life Insurance Eyes Double-Digit Growth Amid Strategic Expansion

Edelweiss Life Insurance anticipates double-digit growth over the next 2-3 years, aiming for breakeven by FY27, according to CEO Sumit Rai. Despite slow early growth, the company has diversified its channels, achieving substantial post-2017 gains, while maintaining robust capitalization for sustained expansion.

Edelweiss Life Insurance is projecting a double-digit growth trajectory over the next few years, aiming to reach breakeven by FY27, confirmed its Managing Director and CEO, Sumit Rai.

Having started operations in 2011 as a joint venture between India's Edelweiss Financial Services Ltd and Japan's Tokio Marine Holdings, the insurer has evolved from being a one-channel entity to a multi-channel powerhouse.

Rai emphasized the company's robust capital position, with a paid-up capital of Rs 2,800 crore, and expects continued capital infusion to sustain their expansion strategy, relying on strategic diversification of distribution channels and products.

(With inputs from agencies.)