Edelweiss General Insurance Company, the general insurance arm of Edelweiss Financial Services, has reportedly received an approval from the Insurance Regulatory and Development Authority (IRDAI) for app-based multi-vehicle, usage-based floater policy for own damage of motor vehicle. The policy will cover all risk for all vehicles and the cover can be switched on/off as per the requirement of the customer with the flexibility of adding and deleting vehicles as required.
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.
