Edelweiss Tokio Life Insurance, which commenced operations in 2011, is a joint venture between Edelweiss Financial Services and Tokio Marine Holdings.
dna analysis reported that the life insurer has already filed an application with the Foreign Investment Promotion Board (FIPB) in this regard.
Go deeper with GlobalData
The move is the latest in a series following the passing of the Insurance Laws (Amendment) Bill Parliament in March 2015 in India.
The bill seeks to raise foreign investment in private sector companies to 49% from the current 26%.
GlobalData Strategic Intelligence
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
