MobiKwik launches ‘bite-size’ group insurance plan with Edelweiss Tokio Life

With an aim to democratise insurance by offering a product proposition digitally to the new generation, Edelweiss Tokio Life Insurance, a joint venture between Edelweiss Financial Services and Tokio Marine Holdings announced its association with Mobikwik, a FinTech player in India.

Edelweiss Tokio Life will offer Group insurance in the variants of Rs. 1 lakh, Rs. 3 lakhs, and Rs. 5 lakhs 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.

Mobile devices have disrupted the way many businesses are conducted including insurance. Edelweiss Tokio Life recognises the overall impact of such technologies on the customer lifecycle and this initiative is a step towards building a holistic and a seamless digital journey for customers.