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Edelweiss Tokio Life Insurance on Thursday announced it has receivedequity capital infusion of ₹670 crore from Edelweiss Financial Services and Tokio Marine Holdings Inc.
Edelweiss Tokio Life is a joint venture between Edelweiss Financial Services (51 per cent) and Tokio Marine Holdings Inc (49 per cent).
Deepak Mittal, MD and CEO, Edelweiss Tokio Life Insurance, said: “This capital infusion will supportour expansion plans and, in particular, the development of our bancassurance channel. We are also significantly enhancing our technology and digital platforms.”
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