Edelweiss Tokio Life Insurance insures the Paralympic Medallists with a Rs. 1 Crore Life Cover

Chandigarh, November 30, 2016:Edelweiss Tokio Life Insurance Company,the life insurance JV between Edelweiss Group and Tokio Marine Holdings of Japan provided aRs. 1 Crore Life Cover to each of the Paralympians who received a medal for India at the Rio Paralympics 2016
The Rs. 1 crore cover has been given to each of the Paralympians- Mariyappan Thangavelu, Devendra Jhajharia, Deepa Malik and Varun Singh Bhati. They were felicitated at ‘’Edelweiss Titans’’,theannualrewards and recognition program, to felicitateover-achievers within the Edelweiss Group.Edelweiss was announced as the Principal Sponsor of the Indian Olympic team in April this year, and was the first and only diversified financial services firm to sponsor the Indian contingent at the Rio Olympics.

Edelweiss has had a long and consistent association with sports, and through its philanthropic arm,EdelGive Foundation, it has supported various sports personalities including M. C. Mary Kom, P. V.Sindhu and Ayonika Paul, amongst others. After being the official sponsors for the Indian Olympic team, the thought of extending this association with the Paralympians just goes on to showing Edelweiss’sall round commitment towards supporting sports and the remarkable athletes of our country who do the nation proud.

Last year, the Group signed on Saina Nehwal as its Brand Ambassador.Sponsoring the Indian Olympic team was a strategic fit for the Edelweiss Group, as it has transformed from an advisory house into an efficient, productive and profitable, credit and financial services institution, and is at the cusp of the next stage of growth.

Speaking on the occasion, Mr. Rashesh Shah, Chairman, Edelweiss Group said that, “The Paralympians have an unmatched appetite for success and they always strive to conquer higher endeavours, yet remain down to earth with their sole focus being the game. While facing challenges every day, they are highly focused and consistent - these are some of the values we hold high at Edelweiss too. We are proud of how they have kept India’s flag soaring high at the Paralympics, and are glad to have them here.”

Mr. Deepak Mittal, MD & CEO, Edelweiss Tokio Life Insurance added, “During the Rio Olympics earlier this year, Edelweiss Tokio Life Insurance had provided a Rs. 1 Crore cover to every athlete who represented India. Mariyappan, Devendra, Deepa and Varun, face many more hardships than any of us, and not only went on to represent our country, but also won medals for it. Thiscover is a token of our appreciation for all their hard work and dedication that has made India proud.”

At the event, Deepa Malik said, “In a land of bollywood and cricket, it is heart warming to see Paralympians being felicitated.” Post the event she tweeted, @EdelweissFin heartiest thanks for 1 Cr insurance cover to us.

Similarly DevendraJhajharia thanked Edelweiss for the gesture in his tweet, “Thank you@EdelweissFin for the lovely gesture and an amazing evening. Bahutmazaaayaaapsabke saath.”