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Edelweiss Life Insurance

Edelweiss Life Insurance is an Indian private insurer that offers a variety of life insurance plans designed to fit the financial needs of people from all walks of life. They offer various terms, investments, health plans, and other plans. You can look at the different plans offered by the company to help secure your loved ones and fulfill your long-term goals. 

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Why Buy From Edelweiss Life Insurance?

You should buy from Edelweiss Life Insurance because the company had a 99.20% claim settlement ratio (sourced from the company’s official website) in FY 2023, which indicates that the insurer settled most of the claim requests received in the financial year. The company has a strong pan-India presence with around 131 branches and over 84K agents. Edelweiss Life Insurance strives to achieve success by focussing on the following factors:

  • Quality: Edelweiss Life Insurance Company aims to provide quality through its products, services, advice, and interactions.

  • Cost-conscious: The company offers several plans to ensure people of all economic backgrounds can secure their loved ones.

  • Customer Centric: The company understands its customers’ needs and optimises its plans to fit their requirements. 

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

What are the Benefits of Edelweiss Life Insurance?

Here is a list of benefits of buying an Edelweiss life insurance plan:

  • Affordable Premiums: Edelweiss Life offers several life insurance plans, such as term insurance, with extensive life coverage at affordable premiums.

  • Financial Protection: These plans secure the future of your loved ones by providing them with a selected death benefit to help them meet their financial needs.

  • Create a Corpus: You can easily create a corpus with Edelweiss life insurance plan by choosing the funds you want your money invested in, according to your risk appetite.

  • High Claim Settlement Ratio: Edelweiss Life Insurance has a high claim settlement ratio, which indicates that the company has settled most of the claims received and is thus a reliable insurer.

  • Easy Purchase Process: You can easily buy life insurance plans from Edelweiss Life from the comfort of your home, anytime, anywhere.

Edelweiss Life Term Plans

These are pure term life insurance plans, basically, pure-risk term insurance plans that aim to provide families with financial protection in case of the policyholder's unfortunate demise. With these plans, families can secure their loved ones with high coverage at nominal premium rates.

Edelweiss Life Term Plan Entry Age Maturity Age Policy Term
Edelweiss Life Zindagi Protect 18 - 65 years 100 years 5 - (100 - age at entry) years
Edelweiss Life Saral Jeevan Bima 18 - 65 years 70 years 5 - 40 years
  1. Edelweiss Life Zindagi Protect

    • Choose between life cover or return of premium cover options

    • Select better half benefit at additional premiums to cover your spouse

    • Pay the premiums in limited or regular premium payment term

    • Skip up to 8 premium payments, with the Premium Break option depending on the premium payment term

    • Add the Child’s Future Benefit at additional premiums to enhance life cover till the child turns 25 years of age

  2. Edelweiss Life Saral Jeevan Bima

    • Choose to pay the premiums in regular, single, or limited pay for 5 or 10 years

    • Financially cover your family for the entire policy term at affordable premiums

    • The plan covers death due to COVID-19 as well

    • Choose to stay covered under this plan for 5 to 40 years

    • Select a life cover from 5 to 25 Lakhs for the family’s financial needs

one crore term plan

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Edelweiss Life Wealth Creation Plans

Edelweiss offers wealth creation plans, which provide life cover and tax benefits on the amount you pay and subsequent returns.

Edelweiss Life Wealth Creation Plans Entry Age Maturity Age Policy Term
Edelweiss Life Wealth Secure + 0 - 60 years 70 years 5 - (100 - entry age) years
Edelweiss Life Wealth rise+ 0-50 years 100 years 5-40 years
Edelweiss Life Wealth Gain + 0-50 years 70 years 10-20 years
Edelweiss Life Wealth Premier 8-65 years 75 years 10 years
Edelweiss Life Wealth Ultima 0-70 years 100 years
  1. Edelweiss Life Wealth Secure +

    • The plan offers death benefits to your family on the untimely death of the policyholder

    • Enhanced protection for your child in case of your untimely death

    • Get fund additions as per loyalty, booster, and maturity additions

    • Choose from 7 fund options with unlimited switches and a self-managed strategy

    • Option to cover your spouse under the same plan with the joint cover 

  2. Edelweiss Life Wealth Rise +

    • The plan offers two variants and allows the policyholders to choose as per their needs.

    • The plan offers financial cushion to the family of the policyholder in case of their unfortunate death

    • Boost of fund value at regular intervals during the policy term

    • The policyholder can select a Systematic Withdrawal Plan (SWP) under the Base Cover Plan by choosing the withdrawal percentage, payout frequency, and start year.

    • Choose from two investment strategies based on your risk profile: self-managed or Life Stage and duration-based.

  3. Edelweiss Life Wealth Gain +

    • A percentage of your fund value is added back to maximize your savings as loyalty and booster additions

    • If the policyholders survive until the maturity date, the total Mortality Charges (excluding extra charges and taxes) will be added to your fund value

    • The plan offers two investment strategies to cater to various investment needs

    • Flexibility to choose your Premium payment term

    • With the Self-Managed Strategy, switch funds for free with a minimum of Rs. 5,000 per switch, while the Life Stage & Duration Strategy allows opt-in or opt-out anytime during the policy term

  4. Edelweiss Life Wealth Premier

    • Ensures financial protection for the family in case of unfortunate demise of the policyholder

    • Provides 10 years of life cover with a single premium payment.

    • Offers 8 fund options with unlimited free switches.

    • Maximizes savings with additional allocations at the end of the 6th, 8th, and 10th policy years.

    • Provides an option to choose between Single Life and Joint Life cover.

  5. Edelweiss Life Wealth Ultima

    • Edelweiss Life – Wealth Ultima includes SMP, STP, and SWP for flexible financial planning.

    • Various additions in the policy provide better returns.

    • Offers life cover that provides a lump sum to the beneficiary in case of the insured's demise.

    • Little Champ Benefit ensures the policy continues, providing benefits to the child if the policyholder dies.

    • Choose a Policy Term from 10 years to age 100 and a Premium Paying Term from 5 years to the end of the policy term.

Edelweiss Life Guaranteed Income Plans

Edelweiss Life Guaranteed Income Plans offer the dual advantage of life insurance and investment. These plans look after your family's financial needs and help you grow money to fulfill your future needs.

Edelweiss Life ULIP Plan Entry Age Maturity Age Policy Term
Edelweiss Life- Flexi Savings Plan 0-60 years 100 years 10-40 years
Edelweiss Life-Premier Guaranteed Star 0-65 years 99 years 20-44 years
Edelweiss Life- Guaranteed Savings Star 0-60 years 100 years 10-40 years
Edelweiss Life- GCAP 91 days- 55 years 70 years 10, 15, 20, 25 and 30 Years
Edelweiss Life- Income Builder 6-55 years 67 years 6-12 years
  1. Edelweiss Life- Flexi Savings Plan

    • Ensure your family's financial security with comprehensive life insurance coverage.

    • Receive payouts annually at the end of each policy year.

    • You can select from various benefit types offered through three distinct plan options: Flexi-Income, Flexi-Income PRO, and Large Sum.

    • Secure your life beyond maturity with the Life Cover Continuation Benefit.

    • You can choose to start receiving income as early as the 2nd or 5th policy year or after the premium-paying term.

  2. Edelweiss Life-Premier Guaranteed Star

    • Secure your family’s financial future with comprehensive life insurance coverage.

    • Achieve future goals with stable, assured returns in the form of income.

    • You can customize your plan with various policy options, premium payment terms, and a lump sum benefit at maturity.

    • Enhance your protection by adding riders for an additional premium.

    • Receive regular income benefit payouts starting from the third policy year after the completion of the premium payment term, continuing until maturity or the insured's death.

  3. Edelweiss Life- Guaranteed Savings star

    • Secure your family’s financial future with life insurance coverage.

    • Choose between two plan options—Base and Enhanced Cover—to optimize your insurance and increase your death benefit.

    • Ensure your family’s dreams are met even in your absence or upon diagnosis of a covered critical illness with Family Income Benefits for an additional premium.

    • Achieve your future goals with guaranteed returns known from the beginning of the policy.

    • Enjoy tax benefits as per prevailing tax laws.

  4. Edelweiss Life- GCAP

    • Gain extra benefits starting from the 9th policy year through Guaranteed Accrual Additions

    • Choose from multiple options of policy terms and premium-paying terms to align with your needs

    • Receive additional benefits for higher premiums

    • Enhance your coverage with various rider options and access a loan facility to address urgent liquidity needs

    • Avail loan benefits to meet liquidity needs

  5. Edelweiss Life- Income Builder

    • Secure your family’s financial future through versatile life insurance coverage

    • Choose between regular income or a combination of regular and lump sum payouts to fulfill your future aspirations

    • Opt for the 'Secured Income' Plan Option to ensure your dreams are realized even in unforeseen circumstances

    • Select from two Maturity Benefit Options tailored to your preferences

    • Enjoy flexibility in receiving income on a date of the month that holds special significance and in aligning premium payments and income payouts with your financial goals

Edelweiss Life Retirement Plans

These plans offer financial security for your golden years with customizable annuity options. They provide a steady income stream post-retirement, ensuring peace of mind. Additionally, these plans provide guaranteed returns and protection against inflation to ensure you live peacefully after retirement.

Edelweiss Life Retirement Plans Entry Age Maturity Age Policy Term
Edelweiss Life - Cash Flow Protection Plus Plan 91 days to 55 years 100 years 100 years minus age at entry
Edelweiss Life - Easy Pension 18 to 75 years 85 years 10 to 67 years
Edelweiss Life- Forever Pension 35 to 85 years NA NA 
Edelweiss Life- Saral Pension 40-80 years NA NA 
  1. Edelweiss Life Cashflow Protection Plus Plan

    • Get guaranteed income and protection until age 100

    • Receive a lump sum at the end of the premium payment term through a reversionary bonus if declared

    • Earn higher returns through additional cash bonus, if declared, by sharing profits

    • Pay for your future needs with limited payment periods from your present income

    • Enjoy discounts for a higher Sum Assured on Maturity and access a loan facility for urgent liquidity needs

  2. Edelweiss Life Easy Pension

    • Low Premium Allocation Charge and Guaranteed Loyalty Additions to enhance returns

    • Choose policy terms up to 85 years with flexible Premium Paying Terms.

    • Multiple premium payment options: single pay, limited pay, and regular pay.

    • Simple and easy to buy with minimal process and option to choose your risk strategy for fund allocation.

    • Automatic reallocation of your money to optimize retirement needs.

  3. Edelweiss Life Forever Pension

    • Guaranteed regular annuity for life, providing stable income throughout your lifetime.

    • Wide range of annuity options to customize and suit your financial needs.

    • Option to return 100% of the purchase price or the balance purchase price under various circumstances.

    • Coverage for critical illness, accidental total, and permanent disability, or death with the return of purchase price option.

    • The plan offers Joint life coverage, allowing you to include a second life under the same annuity plan.

  4. Edelweiss Saral Pension

    • Guaranteed regular annuity income for life.

    • Get a Life Annuity with a Return of 100% of the Purchase Price (ROP).

    • The plan offers a Joint Life Last Survivor Annuity with a Return of 100% of the Purchase Price (ROP) upon the death of the last survivor.

    • Flexibility to receive annuity payments in monthly, quarterly, half-yearly, or yearly modes.

    • Avail for a loan on the policy.

How To Buy Edelweiss Life Insurance Online in India?

Here is how you can buy Edelweiss Life insurance online in India:

Step 1: Visit the life insurance page

Step 2: Select the type of life insurance you want to buy

Step 3:Fill in the required details such as your name, gender, date of birth, and contact details

Step 4: Choose the right occupation type, educational qualification, smoking habits, and annual income

Step 5: Select the suitable policy and proceed to pay

What is the Edelweiss Life Insurance Claim Settlement Process?

Here is how Edelweiss Life insurance settles the claims

  • Claim Initiation: The nominee needs to initiate the claim with Edelweiss Life Insurance Company promptly after the policyholder's death, attach all required documents, and submit the completed claim form to the insurer.

  • Claim Verification: The insurer will verify the claim and the information in the claim form.

  • Claim Settlement: Upon successful verification, the insurer will disburse the claim amount to the nominee's bank account.

Edelweiss Life Insurance - FAQs

  • How to pay premium? What are the modes of payment available?

    There are two basic modes for payment of premium for Edelweiss Life, which have further many options:
    • Online Mode
      • Debit Card payment
      • Payment through standing instructions or credit card
      • Net Banking
    • Offline Mode
      • Through ECS facility
      • IVRS
      • Money Order
      • Cash/Cheque/DD

    You can pay offline by visiting the nearest branch in your city.

  • How can I check policy status?

    You can check policy status online by visiting the e-portal, and punching in the policy number and date of birth.
  • What is the policy renewal process?

    The policy renewal process requires either using auto direct debit options which can be availed online by feeding your login ID and password into the e-portal

    For offline mode, you can approach any of the branch offices or speak with the customer care regarding the renewal process on the phone.

  • What is the company’s process to settle claim?

    In order to settle the claim, you must submit the policy documents and claims form at any of the branch offices in your city. Upon receiving and verification of the documents, it takes about 30 days’ time to settle the claims. The claims are settled via NEFT mode.
  • What is the policy cancellation process?

    In case if you are dissatisfied with the policy, a surrender form can be filled and submitted in any of the branch office along with the cancellation charges. Within a time frame of 10 days the policy will stand cancelled on record. The refund will be calculated based on NAV of the current market price.

Edelweiss Life Insurance - Latest News

  • Edelweiss Tokio offers a cover of Rs. 1crore to the Rio Olympics contestants

    Edelweiss Life Insurance Company has announced life insurance coverage worth Rs. 1 Crore for all the 75 contestants, who are participating in the Rio Olympics to represent India.

    The IOA (Indian Olympic Association) announced on Saturday that the financial service provider, Edelweiss Group, is going to be its major partner in presenting the Rio Olympics this year. Edelweiss Group is a shareholding company in the Edelweiss Life Insurance Company.

    This declaration was made in front of the Olympic boxing medalist, M C Mary Kom and Rio-Olympic qualified sportspersons Ritu Rani, who is the captain of Women's Hockey Team of India and Sardar Singh, who is the captain of Men's Hockey Team of Insia.

    Edelweiss Group, in the past, has had an involvement in sports and has also supported innumerous sports celebrities, such as P V Sindhu, M C Mary Kom, and Ayonika Paul. The group had also signed Saina Nehwal, the number one shuttler as the company’s brand ambassador during the last year.

  • Edelweiss Life Insurance Stake of Tokio Marine to Increase to 49%

    Edelweiss Life Insurance, one of the emerging players in the private life insurance sector, has received IRDAI approval for increase of foreign stake holder’s share in the company to 49%.

    Edelweiss Tokio is a joint venture between Edelweiss Financial Services, a leading financial services company in India, and Tokio Marine Holdings Inc., a world-wide leader in the global insurance industry. Currently Tokio Marine owns 26% stake in the JV and with this stake purchase, its share in the insurance JV will reach the maximum permissible limit of 49%.

    Tokio Marine’s additional stake purchase would infuse cash to the tune of Rs. 525 crores into the company and aid the JV’s future expansion plans in India. The company has made it clear that it will attempt to further increase its share in the Indian insurance market through inclusion of new groups of people from the relatively untapped Indian population.



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Edelweiss Life Insurance Reviews & Ratings

4.2 / 5 (Based on 114 Reviews)
(Showing Newest 10 reviews)
Anand
Anand, April 07, 2021
Add on benefits
With the term insurance plan I got the additional benefits too with the minimum amount of payment. This plan has been a great thing for me. I got some of the benefits added in my term plan as it will give my plan a much better enhancement. It is possible with edelweiss tokio and policybazaar. Thanks team.
Natasha
Nadasa, April 05, 2021
Check premium online
It is really easy to check for the premium price online. I bought this edelweiss tokio plan from the website of the policybazaar. It is easy for me to understand about the term plan and to buy it conveniently. Thanks to whole team of policybazaar.
Vishal
Andipatti, March 31, 2021
Add on benefits
With the term insurance plan I got the additional benefits too with the minimum amount of payment. This plan has been a great thing for me. I got some of the benefits added in my term plan as it will give my plan a much better enhancement. It is possible with edelweiss tokio and policybazaar. Thanks team.
Alisha
Sheikhpura, March 23, 2021
Check premium online
It is really easy to check for the premium price online. I bought this edelweiss tokio plan from the website of the policybazaar. It is easy for me to understand about the term plan and to buy it conveniently. Thanks to whole team of policybazaar.2
Omkar
Aranthangi, March 18, 2021
Such great offers
I recently bought a life insurance plan of edelweiss tokio and it was taken from the website of the policybazaar. I got to know about various features under this plan and I really like it. Thanks.
Samrat
Bagodar, March 17, 2021
Such great offers
I recently bought a life insurance plan of edelweiss tokio and it was taken from the website of the policybazaar. I got to know about various features under this plan and I really like it. Thanks.
Pravin
Rampur, March 09, 2021
Customer care helping nature
The customer care team of policybazaar is really nice and work on their toes. I had taken the edelweiss tokio life insurance plan and the customer care team helped me a lot for the same. They have sorted my life and I had secured my family too. Thanks team.
Gauri
Jotana, March 08, 2021
It an investment player
I have got myself insured for the edelweiss tokio life insurance plan from the website of the policybazaar. It is one of the best plan I had and I really like it. I was looking for such plans which gives investment and coverage also. Great work.
Naman
Auraiya, March 02, 2021
Use money for education
I have took the child insurance plan from policybazaar and it was of edelweiss tokio. I am happy that I have secured the future of my child. It will be easy for y child to get best in class education. Thank you so much team.
Narad
Angamaly, February 19, 2021
Great insurance company
I found my son’s child insurance plan from the website of the policybazaar and that was the plan of edelweiss tokio. It is one of the wonderful plan which I have got. The insurance company is also very good. They are understanding in nature. Kudos team.
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