Edelweiss Life Insurance Targets Double-Digit Growth and Breakeven by FY27

Edelweiss Life Insurance, about 14 years old, aims to achieve breakeven by fiscal year 2027, targeting double-digit growth of 12-16% over the next two to three years. The company has transitioned from a single-channel to a multi-channel insurer with balanced proprietary and partnership distribution. It plans to close around Rs 650 crore in new business and generate approximately Rs 2,400 crore in total premium income by FY26. The firm is well capitalised, with paid-up capital near Rs 2,800 crore, and expects capital needs to reduce post-breakeven.