Excelsior Correspondent
JAMMU, Dec 30: Edelweiss Tokio Life Insurance Company Ltd, one of the fastest growing insurance companies in India, in line with its business expansion plan, today expanded its footprints in Jammu by inaugurating its 1st branch office in Jammu at 2nd Floor, Gupta Tower, CB-13, Rail Head Complex, Jammu.
Yash Prasad, Head of Sales & CMO, Edelweiss Tokio Life Insurance, inaugurated the branch office with a view to cater to the needs of the people in Jammu.
Commenting on the occasion, Deepak Mittal, MD & CEO, Edelweiss Tokio Life Insurance Company Ltd. said, “Our research shows that there is a growing awareness of the need for life insurance in Jammu which prompted us to expand our reach with a third branch here. This marks our 74th branch across India for the life insurance business and we aim to expand our services pan-India. Our offerings are rooted in understanding a person’s need and advising them on products that meet their specific individual financial goals.”
Nationally, Edelweiss Tokio Life covers more than 61 cities and towns through its offices in India supported by more than 15,000 Financial Consultants appointed by the company. Edelweiss Tokio Life also has more than 80 corporate agents and other sales intermediaries including banks for distribution of insurance products.
Currently Edelweiss Tokio Life Insurance has 106 DMs and & 1674 PFAs. The team will be trained to offer need based life insurance solutions catering to six key financial needs- Education Funding, Income Replacement, Wealth Accumulation, Wealth Enhancement, Living with Impaired Health and Retirement Funding.
Yash Prasad, Head of Sales & CMO, Edelweiss Tokio Life Insurance, who was present for the inauguration of the 74th, branch, said “All our ULIP (Individual) funds (as on 31st October, 2016) have been rated 4 stars and above by Morning star – an independent Chicago based investment research firm & global leader, validating our customer-centric approach and performance delivery.”
Edelweiss Tokio Life Insurance is a joint venture between Edelweiss Financial Services and Tokio Marine Holdings Inc. The company offers proprietary need based solutions to help customers meet their life stage financial goals.
Edelweiss’s products and services span multiple asset classes and consumer segments across domestic and global geographies. Its businesses are broadly divided into Credit Business (Mortgages including Housing Finance, Structured Collateralised Credit, Distressed Assets Credit, SME and Agri Finance, Rural Finance and other loans), Agency Business (Financial Markets, Asset Management and Agri and Commodity Services) and Life Insurance.
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