Edelweiss Capital and Japanese insurance group Tokio Marine have agreed to float a joint venture in the life insurance business and are expected to submit their application to the regulators shortly. According to sources, boards of both the companies have approved the joint venture agreement. The two partners are understood to have committed close to $100 m (Rs 460 crore) as initial capital for the life insurance business. The regulations prescribe a minimum start-up capital of Rs 100 crore. Edelweiss has a net worth of over Rs 2,500 crore while Tokio Marine is
There are 22 life insurance companies in
Company Name | CMP |
---|---|
Bajaj Finance | 6800.20 |
Shriram Finance | 2450.15 |
Aditya Birla Capital | 217.80 |
SBI Cards AndPayment | 711.40 |
Chola Invest & Fin. | 1264.00 |
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