Edelweiss Tokio Life Insurance, a joint venture (JV) between Edelweiss Financial Services and Tokio Marine Holdings, has partnered with Mobikwik, a leading FinTech player in India.
Edelweiss Tokio Life will offer Group insurance in the variants of Rs 1 lakh, Rs 3 lakh, and Rs 5 lakh through Mobikwik’s wallet app and website. The cover can be availed for an annual premium of Rs 148, Rs 443, and Rs 738 respectively.
Edelweiss Financial Services is primarily engaged in the business of rendering merchant banking services. The company operates in two segments - agency business and holding company activities.