Edelweiss Financial Services plans to invest Rs 800 crore in insurance biz

In the general and life insurance businesses, the firm expects to invest Rs 100 cr a year in the next 3-4 years

Edelweiss Financial Services plans to invest Rs 800 crore in its life and general insurance businesses over the next three-four years.

While being committed to support business, the company is also open to give higher stake to foreign partners in the insurance company to scale up the venture. The financial services firm has three units in insurance space — life insurance, non-life, and broking.

In the general and life insurance businesses, the company expects to invest Rs 100 crore a year in the next three-four years. 

Edelweiss Financial Services Chairman Rashesh Shah, in an analyst call, said the idea was to do whatever