Internationally acclaimed gymnast Dipa Karmakar unveils Insta-Issuance service of Edelweiss Tokio Life Insurance process for its online unit linked insurance plan that aims to build a smooth end-to-end customer experience. Its a joint venture between Edelweiss Group and Tokio Marine Holdings. 

Through the instant buying mechanism, insurer will be able to issue the Ulip almost immediately to its customers subject to the Company’s underwriting guidelines. Traditionally, a policy takes 4-5 days for issuance. The service was unveiled at Policybazaar.com office in Gurgaon today, 7th June 2018.

Commenting on the launch, Anup Seth, Chief Retail Officer, Edelweiss Tokio Life said, “Customer behaviour and expectations have changed significantly. The digital age has created an information-rich eco-system and instant gratification has become the norm.

So companies across sectors have to reimagine and optimise distribution to deliver a seamless experience. This innovation stems from our core value of customer centricity and focuses on providing a superior experience to our customers.” 

In her Speech, Dipa conveyed her sincere gratitude to the company for coming forward to reach the sports player like her. She also narrated her saga of hard work and how one can achieve everything in life through sheer hard work and sincerity.

Santosh Agarwal, Business Head – Life Insurance, Policybazaar.com said, “The Wealth Plus product was first-of-its-kind 4G insurance product in the industry and addressed all issues relating to the old ULIPs. However, the unique offering had to be complemented with an equally robust distribution service.

Hence, we have co-conceived a new insta-issuance service with Edelweiss Tokio Life. The new service offers a high customer-centric methodology of easy purchase and augments the return on investment of a consumer. This unique offering is in sync with the philosophy of policybazaar.com, which firmly believes in offering cutting-edge products by challenging the status quo constantly, offering maximum benefits to our customers.”

Edelweiss Tokio Life Insurance Company Limited is a joint venture between Edelweiss Financial Services Limited, one of India’s leading and diversified financial services companies and Tokio Marine Holdings Inc, one of the oldest (over 138 years) and largest insurance companies in Japan.

Edelweiss Tokio Life Insurance Company Limited launched its Pan India operations in July 2011 offering proprietary need-based solutions to help customers meet their life stage financial goals. This lineage brings together a deep understanding of customer needs and international expertise. The Company is headquartered in Mumbai serving over 1.75 lakh customers.

Edelweiss Tokio Life is building capabilities to help customers make easy transactions including regular updates on fund performance, fund switches, premium top-ups, partial withdrawal, and premium re-direction.

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