Edelweiss Life Insurance expects to grow in double digits over the next 2-3 years and hopes to achieve breakeven by FY27, its MD and CEO Sumit Rai has said. "We are about a 14-year-old organisation. The early years, particularly between 2011 and 2016, were a muted period of growth for the life Insurance industry overall. We were also new at that stage and deliberately conservative in how we approached the business. The real inflection in our growth came post 2017-2018," he told PTI. The insurer was primarily a one-channel company early on, he said, adding that "we now operate as a multi-channel insurer, with proprietary and partnership distribution contributing roughly 50-50". The same balance is reflected in the company's product mix as well, he said. The company's consistent focus has been on building a well-diversified, long-term business across channels and products, he added. In FY26, he said, the company is looking to close around Rs 650 crore of new business and a total pre
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Investing in gold and silver is a must if you wish to reap the diversification benefit. Recently, Edelweiss Mutual Fund launched the new fund offer for a fund-of-fund that invests in gold and silver ETFs. On this occasion, speaking to Sanjay Kumar Singh, Radhika Gupta, Chief Executive Officer, Edelweiss Mutual Fund compared gold to large-cap equity funds for the stable returns that it tends to provide, and silver to midcap mutual funds for the return kicker it is capable of providing during a bull market in commodities. Do watch this interview to learn more about the benefits of investing in precious metals.
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We remain excited about the prospects of this business and remain committed to investing in its growth, said Edelweiss MF CEO
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