Edelweiss Capital today informed that its insurance joint venture with Tokio Marine, Edelweiss Tokio Life Insurance Company, has received approval from the Insurance Regulatory & development Authority (IRDA) to carry on the business as life insurance company in India.
``We see large opportunity in the life insurance sector and are confident of bringing a differentiated offering leveraging product development capabilities, understanding of Indian consumer needs and our partners` global experience, `` Deepak Mittal, director, Edelweiss Tokio Life Insurance, said.