Edelweiss Tokio Life Insurance gets IRDA nod

Edelweiss Tokio Life Insurance Company Limited, a joint venture between the Edelweiss Group, India’s leading diversified financial services conglomerate and Tokio Marine, one of the world’s largest Insurance group headquartered in Japan; has received the second stage R2 approval from the Insurance Regulatory & Development Authority (IRDA) to operate in the Life Insurance space.

Deepak Mittal, Director, Edelweiss Tokio Life Insurance said “We have secured the R2 approval from the Regulator and now keenly await the Certificate of Registration (R3). Thereafter, we plan to launch insurance products that will cater to the long term savings and protection needs of the Indian consumers.”