 "Sumit Rai, managing director and chief executive officer, Edelweiss Life Insurance")
Edelweiss Life Insurance, a joint venture between Edelweiss Financial Services and Tokio Marine Nichido, is likely to break even by financial year 2027 (FY27), almost a decade and a half after it started operations as a life insurance company in the country, its MD and CEO Sumit Rai said.
The private sector insurer has been incurring losses and is reliant on capital infusion by its Indian parent, which in financial year 2025 (FY25) has infused ₹200 crore of capital into the company.
“We should break even by FY26-27. Till that point of time, I think we will need capital infusion.
