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Edelweiss Life Insurance expects to achieve breakeven by FY27 while maintaining double-digit growth over the next two to three years, according to Sumit Rai, MD and CEO. He noted that the life insurance company, now about 14 years old, experienced a relatively muted growth phase between 2011 and 2016 as the industry evolved, with stronger growth momentum emerging after 2017–2018.
Rai said the insurer has transitioned from being a single-channel company in its early years to a multi-channel organisation yesterday. Proprietary and partnership distribution channels now contribute roughly equally to the business, a balance that is also reflected in the company’s product mix. The company has focused on building a diversified, long-term business across both channels and products.
The insurer reported strong momentum in Q3FY26, with individual APE growing 38% year-on-year, significantly ahead of the industry. For FY26, the company is targeting around ₹650 crore in new business and total premium income of approximately ₹2,400 crore. Rai added that the company is well capitalised with paid-up capital of about ₹2,900 crore and expects continued capital support over the next few years as it scales.