Edelweiss Tokio Life Insurance

Established in 2011, Edelweiss Tokio Life Insurance Company Ltd is a new age life insurance player in India. It is a joint venture between Edelweiss, a leading financial service company established in India and Tokio Marine, a life insurance companies in Japan. The stake of the company is divided into a ratio of 74:26 between Edelweiss and Tokio Marine respectively.

The company has identified six financial needs of consumers and has developed a range of insurance solutions to help them in achieving those financial needs. Currently, Edelweiss Tokio Life Insurance Company Ltd is offering following insurance solutions-

  • Education funding
  • Living with impaired health
  • Retirement funding
  • Wealth enhancement
  • Wealth accumulation
  • Income replacement

The company was recognized as a ‘Rising Star Insurer’ in 2013 for its financial strength, business strategy and technology innovation.  

About Edelweiss

Since its inception in 1996, it is known as a financial service company in India. The company has a diversified portfolio, including businesses ranging from capital market, asset management to housing finance and insurance. Edelweiss enjoys its presence in 170 cities and has over 3000 employees that cater to more than 4 lakh clients.

About Tokio Marine

To explore the insurance plans from Edelweiss Tokio Life insurance, Tokio Marine has its interests vested in life, non-life and re-insurance.  Currently, it enjoys presence in 427 cities across 39 nations.

Product Portfolio

Being a new entrant in the industry Edelweiss Tokio Life plans to constantly build their product portfolio and their life insurance plans are customized to cater to the needs of the customers.

Edelweiss Tokio Life Term Plans

These are pure life insurance plans and are categorized as Income Replacement plans by Edelweiss Tokio Life Insurance Company. These life insurance plans aim to provide families with financial protection in case of the unfortunate demise of the policyholder.

They secure families across the country by providing a high coverage at nominal premium rates.

Term Plan

Eligibility

Policy Term

Maturity benefit

Death Benefit

Edelweiss Tokio Life - Total Secure + Plan

18 to 65 years

10 to 62 years (as per policy option)

No benefit

Lump-sum, with a specific percentage of Death Benefit payable every month for a fixed number of months

Edelweiss Tokio Life – Simply Protect Plan

 

18 to 65 years

10 to 40 years

No benefit

Lump-sum or lump-sum with Income Benefit

Edelweiss Tokio Life – My Life + Plan

 

18 to 60 years

10 years/ 15 years/  20 years/ 25 years/ 30 years/ 35 years/40 years

No benefit

Lump-sum benefit option or Income benefit option- as per policyholder’s wish

Edelweiss Tokio Life - Protection Plan

18 to 60 years

10 to 30 years

No benefits

Sum Assured

Edelweiss Tokio Life - Income Replacement Plan

18 to 60 years

10 to 30 years

No benefits

Monthly Benefit until the end of policy term or 5 years, whichever is later

As several plans are term insurance plans with comprehensive benefits, they offer more to the beneficiary.

Edelweiss Tokio Life ULIP Plans

These Edelweiss Tokio life policies are also described as Wealth Accumulation plans that have dual advantage of risk protection and investment. Edelweiss Tokio Life offers the following ULIPs that have the dual advantage of risk protection and investment.

ULIP Plan

Eligibility

Policy Term

Maturity Benefit

Death Benefit

Edelweiss Tokio Life - Wealth Accumulation Cover Plus

5 to 65 years

10 years/ 15 years/  20 years/ 25 years/ 30 years

Fund Value

Fund Value and Sum Assured

Edelweiss Tokio Life - Wealth Accumulation (Privilege)

5 to 65 years

10 years/ 15 years/  20 years/ 25 years/ 30 years

Fund value

Fund Value or Sum Assured, whichever is higher

Edelweiss Tokio Life - Wealth Plus

1 to 55 years

10 years/ 20 years

Fund Value

Fund Value, Sum Assured less Relevant Partial

Withdrawals, or 105% of total premiums paid (whichever is highest)
+
Top-up Fund Value, Top-up Sum Assured, or 105% of total Top-up Premiums paid (whichever is highest)

Edelweiss Tokio Life - Wealth Ultima

17 to 70 years (as per chosen option)

10 Years

Fund Value

Fund Value or

105% of total Premiums paid (whichever is higher)

+

Top-up fund Value or 105% of total top-up premiums paid (whichever is higher);

varies as per factors, additional “little champ” benefits

Edelweiss Tokio Life - Wealth Enhancement

5 to 65 years

10years /15years /20 years

 

Fund Value or Sum Assured, whichever is high (subject to a minimum of 105% of total premiums paid)

Edelweiss Tokio Life - Wealth Accumulation (Acceleration Cover)

5 to 65 years

10 years/ 15 years/  20 years/ 25 years/ 30 years

 Fund value

Fund Value or Sum Assured, whichever is high

Edelweiss Tokio Life Child Plans

Edelweiss Tokio Life child plans not only help you plan your child’s future, they also have an in-built comprehensive death benefit that pays a lump sum amount to your family. It also waives future policy premiums- thereby protecting the maturity value that you had planned for your child.

Policy

Eligibility

Policy Term

Maturity Benefit

Death Benefit

Edelweiss Tokio Life – EduSave Plan

 

18 to 45 years

10 to 30 years, as per option chosen by policyholder

Sum Assured + accrued bonuses

Sum assured, all future premiums waived, benefit upon maturity

Edelweiss Tokio Life Pension Plans

This plan gives you a guaranteed income till 100 years of age and provides a guaranteed maturity benefit so that you can pursue all your passions without any worry.

Policy

Eligibility

Policy Term

Maturity Benefit

Death Benefit

Edelweiss Tokio Life - Cash Flow Protection Plus Plan

 

91 days to 55 years

100 years minus age at entry

Sum Assured, Terminal Bonus (if any)

Depends on entry age and age of the policyholder at the time of demise.

Ranging from 105% of the premiums paid to Sum Assured plus Bonuses.

Edelweiss Tokio Life - Triple Advantage Plan

 

91 days to 55 years

100 years minus age at entry

Sum Assured, Terminal Bonus (if any)

Depends on entry age and age of policyholder at the time of demise.

Ranging from 105% of premiums paid to Sum Assured plus Bonuses.

Edelweiss Tokio Life - Cash Income Plan

 

91 days to 55 years

100 years minus age at entry

Sum Assured payable lump-sum

10 times the annualized premium, or 105% of premiums paid till date of death, or minimum guaranteed sum assured on maturity, or Absolute amount assured to be paid on death- whichever is highest

Edelweiss Tokio Life - Pension Plan

 

18 to 65 years

10 years to 40 years (options available)

Sum Assured plus accrued bonuses and additions

Total premiums paid (along with 1% per annum interest) + accrued guaranteed additions + accrued bonuses, or 105% of premiums paid- whoever is higher

Edelweiss Tokio Life - Easy Pension

 

18 to 75 years

10 to 67 years

Fund Value, or Assured Benefit- whichever is higher

Fund Value, or Assured Benefit, or 105% of total premiums paid- whichever is highest

Edelweiss Tokio Life - Immediate Annuity Plan

 

18 to 85 years

11 options available

As per option chosen by policyholder

As per option chosen by policyholder

Edelweiss Tokio Life Investment Plans

Edelweiss Tokio offers the following Investment Plans which provide life cover, as well as tax benefits, on the amount you pay and on the subsequent returns.

Investment Plan

Eligibility

Policy Term

Maturity

Death Benefit

Edelweiss Tokio Life - POS Saral Nivesh

 

1 to 50 years

10 to 20 years

Sum Assured

10 x Annualised Premium, Sum Assured on Maturity, or 105% of premiums paid (whichever is higher)

Edelweiss Tokio Life – GCAP

 

91 days to 55 years

10 years/ 15 years/  20 years/ 25 years/ 30 years

Sum Assured plus Cumulative Guaranteed Accrual Additions(CGAA)

Sum Assured; 105% of total premiums paid (in case the entry age is 5 years or lower)

Edelweiss Tokio Life - Smart Lifestyle

 

1 to 50 years

10 years/ 15 years/  20 years

Sum Assured

As per the chosen option

Edelweiss Tokio Life - Wealth Builder

 

3 to 55 Years

10 years/ 15 years

Sum Assured  plus Guaranteed Loyalty Additions

Sum Assured + Accrued benefit (if any)

Edelweiss Tokio Life - Guaranteed Income Plan

 

3 to 55 Years

15 years

200% of the `annual premium

Lump-sum benefit, whichever is the highest:

10 times the annualized premium, 125% of annualized premiums paid till date of death, or

lump-sum amount available at end of policy

Edelweiss Tokio Life - Dhan Labh

 

91 days to 45 years

15 years/  20 years/ 25 years/ 30 years

Sum Assured

Sum Assured

Edelweiss Tokio Life - Wealth enhancement (Ace)

 

5 to 65 years

10 years/ 15 years/  20 years

Fund value

Fund value or Sum Assured, whichever is higher

Edelweiss Tokio Life - Milestones Plan

 

14 to 40 years (as per policy option)

16 years/  20 years/ 25 years/ 30 years

40% of Sum Assured plus the accrued bonuses

Sum assured plus accrued bonuses

Edelweiss Tokio Life - Safe N Sure

 

5 to 55 years

15 years/  20 years/ 25 years

Sum Assured

Sum Assured

Edelweiss Tokio Life - Single Pay Endowment Assurance Plan

 

8 to 80 years (as per policy option)

10 years/ 15 years

Sum Assured

Sum Assured (subject to Death option and undertaking)

Edelweiss Tokio Life Insurance - FAQs

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

    There are two basic modes for payment of premium for Edelweiss Tokio 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.

  • Q. 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.
  • Q. 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.

  • Q. 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.
  • Q. 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 Tokio Life Insurance - Latest News

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

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

    Edelweiss Tokio 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.

Written By: PolicyBazaar
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 102 Reviews)
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Edelweiss Tokio Life Insurance Reviews & Ratings

4.2 / 5 (Based on 114 Reviews)
(Showing Newest 25 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.
Ashok
Ashok Nagar, February 16, 2021
Got the best
I have got the best term insurance plan with the help of the policybazaar. I am really liking this product as it has given me so much of facilities in one plan. I have got the edelweiss tokio life insurance plans.
Kartik
Nandyal, February 16, 2021
Get best coverage
I got the one of the amazing plan from the policybazaar and it has the great coverage. I bought the edelweiss tokio life insurance and I got it done from the website of the policybazaar. Thanks a lot team.
Abha
Badami, February 16, 2021
Compare and buy
I have recently bought a edelweiss tokio term insurance plan from the policybazaar. It is one of the best plan and before buying it I compared it a lot. All thanks to whole team for providing the best plan.
Abhay
Khed, October 29, 2020
Low premium
It is really good to know that I have got the best plan related to life insurance. The policybazaar has suggested me one of the best plan by the name of edelweiss tokio life insurance. It is really amazing. Thanks team policybazaar.
Harry
Marshaghai, October 29, 2020
Calculate the sum insured
Before buying the edelweiss tokio life insurance plan from the policybazaar I have calculated the premium rate of my plan so that it will be feasible for me to make the payment. Thanks team policybazaar.
Sambit
Dhaleswar, October 29, 2020
Premium prices
The premium price of my edelweiss tokio life insurance plan is very much relevant and into my budget. The premium rate is less and it has been a wonderful plan for me and my family. I got several features under the same.
Nandlal
Kollam, October 29, 2020
Provides the financial coverage
My edelweiss tokio life insurance from the policybazaar. It has given the financial coverage too along with the safety measures. I found it relevant and it is on the basis of long term. Thanks team.
Rampal
Rawangaon, October 29, 2020
Protective plan
I have taken the edelweiss tokio life insurance policy from the website of the policybazaar. It has been a protective plan for me and my family. I am really happy with the plan which I have bought. It is really nice. Thanks a lot team policybazaar.
Vikalp
Khandakpar, October 28, 2020
Protection shield
The Canara hsbc life insurance plan is really good and I wanted protection shield for me and my family. I got this good benefits under the Canara hsbc life insurance plan. All thanks to policybazaar as they supported me and provided one of the amazing plans.
Mintu
Jogapatti, October 28, 2020
Add on benefits
My Canara hsbc life insurance plan is really good and I found it much interesting. I have taken some of the add on benefits under the same. It is such amazing plan and my future is secured. Thank you policybazaar.
Bhuwan
Jamshedpur, October 28, 2020
Easy to buy online
It is very easy to buy the Canara hsbc life plan online. I make sue to get it online from the website of the policybazaar as it is much reliable as compared to to the others. I am happy to get good plan. Thanks a lot team policybazaar and Canara HSBC.
Rajesh
Madhupur, January 29, 2019
Good Services
I have checked different plans of Edelweiss Tokio Life Insurance Company with the help of policybazaars agent who was really helpful. One thing that you must keep in your mind while opting for plans of Edelweiss is that they are pure life insurance plans and hence will work the best income replacement for my family. Apart from this, the customer support executive has also advised me about the customization feature of the policies that I can use to include my needs.
Abhinav
Fatehgarh, August 19, 2016
Retirement policy
I have the edelweiss pension insurance policy. The policy coverage is ~90% and the claims are easy to get and less paperwork because of fast service given by executives and staff members. Online portal service is the best which makes easy renewals.
Gaurav
Kolkata, August 19, 2016
Good Service
My edelweiss tokio pension plan is very good insurance policy which has low premiums. The policy covers maximum expenditures and the claiming is very easy due to fast service given by the executives and staff members.
Suhasini
Manesar, July 19, 2016
Term Insurance Plan
My term insurance plan is fantastic which has maximum coverage in low investments. Policy premiums are less and this great plan i have is from edelweiss tokio life insurance. Service is very well given by the company members. Updates of the policy send to my account regularly.
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