Edelweiss Tokio Life Insurance
Claim Settlement Ratio - 85.11%*Edelweiss Tokio Life Insurance Company
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, one of the fastest growing 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 one of the leading financial service companies 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
Known as one of the biggest insurance companies in Japan, 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) |
|
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) |
To explore the best insurance plan from Edelweiss Tokio Life insurance plans, compare the plans from other life insurance companies in India and find what suits your need the best.
Edelweiss Tokio Life Insurance - FAQs
1. 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.
2. 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.
3. 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.
4. 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.
5. 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.
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Edelweiss Tokio Life Insurance Reviews
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.
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.
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.
Gurdaspur
July 19, 2016
Good Coverage
The edelweiss tokio life insurance is fine insurance company. I took term insurance plan in low investments and it has low premiums too. I got this plan after long searching on internet. The online portal sites provides easy renewals of the plans.
Jalore
July 08, 2016
ULIP Plan
Ulip insurance policy i have which is good in policy coverage and premium is low. Service is fantastic provided by the staff members. Online portal service is simple to operate and renewal of the policy can be done on it easily.
Kalakhet
July 08, 2016
Traditional Plan
My traditional insurance policy is awesome which facilitate me many benefits like low premiums, Policy cover maximum scenarios which easily handle by the staff of the company. Service is quick and web service is simple to operate. Updates and renewal of the policy can easily access by this service.
Baleshwar
July 08, 2016
Child Plan
I purchase child insurance plan for my child and the policy has many feature like policy cover maximum expenditure occur in future for the good for my child and online portal service is easy to access. Premiums are low and claims are high which can be easily sanctioned.
Ahmednagar
June 28, 2016
Average Plan
The ulip plan I have is an average insurance policy plan. The premium is low and the policy coverage is normal. Service is good and claiming become easy due to this. Internet service is not that good but manageable.
Ajmer
June 28, 2016
Nice Policy
The traditional insurance plan I have is very good in benefits. The premium of the plan is low and claims are high. The service provided by company members is fantastic. Internet service is also nice which reduces physical work. Hassle free documentations.
Akbarpur
June 28, 2016
Good
My child insurance plan is good which come in very low investment but the payback returns after policy get mature is very nice which fulfill my child's dreams. Policy coverage is nice and claims are easily sanctioned. Online portal service is also very fast and easy to access. Good future investment.
Ranikhet
May 23, 2016
Fantastic Plan
I bought edelweiss tokio ulip plan. The plan works for me. Policy coverage is also good ~90% with good amount of claims. Service provided by you is great and the web services are also nice. This policy plan is good reducer of taxes and good future investment too. I got regular updates.
Faridabad
May 23, 2016
Coverage Is Good
I have edelweiss tokio ulip plan. The policy coverage is high ~92% and the premiums are low. The premiums are payed online and it reduce paperwork. The services are fast and response is quick from executives and staff members. The updates are regularly mailed to me. Good policy, good terms and conditions.
Coimbatore
May 23, 2016
Great Service
My edelweiss tokio ulip plan is awesome. The policy plan is very nice with low premiums. The policy coverage is high ~85% and claims are good. Perfect policy for future investments and the policy saves taxes also. The behaviour of the executives and staff members are good.
Barielly
May 23, 2016
Damn Good
I purchase edelweiss tokio ulip plan. The policy coverage is high ~83% and claims are high but investment is low. Service is nice and executives are available anytime for assistance. I like the policy very much. The policy saves taxes and it is good investment too. Daily updates are send to me timely.
Pithapuram
May 23, 2016
Excellent Policy
I have edelweiss tokio ulip plan and it is good but the only thing is the service is bit slow rather than this all things are good. Like, policy coverage is 89% and claims are high but the investments are low. The behaviour of the executives and staff is very well. Please improve your services. The policy saves taxes too.
Chandigarh
May 23, 2016
Nice
Edelweiss tokio ulip plan is great. The policy coverage is nice 82% and the claims are less. The premiums are low. The payback is high and the service is fast which is facilitate by the executives and staff members. The web service is good and operate easily. Satisfied with the policy.
Sitarampur
May 23, 2016
Good Plan
I purchase edelweiss tokio ulip plan. The policy coverage is 90% and the premiums are low. The claims are good and the procedure is very easy and cleared in short time period. The services are fast and on time. The behaviour of the executives and staff members are very nice. Nice future investment which saves taxes too.
Sitapur
May 23, 2016
Normal Plan
I buy edelweiss tokio life insurance and purchase ulip plan. Plan is good with low investment. Policy coverage is 85% and premium is fourteen thousand quarterly per year. Claims are ~Rs.30 L. Service you facilitate is really very good with fast interface of web services and from executives and staff members also.
Lonavla
May 23, 2016
Best Policy
The policy coverage is 89%, the claims are high and the claiming is easy because of the executives and the staff members. The services provided by you edelweiss tokio life insurance is very fast and on time. My ulip plan is great. The premiums is less ~37 K and the returns are ~Rs.39 L. Good future investment which save tax.
Jaipur
May 23, 2016
Manageable Plan
My edelweiss tokio ulip plan is nice which have low premiums and the paybacks are high. The policy coverage is good ~87% and the claims are approx. 30 L. The services are good and on time and it reduces taxes also. Nice behaviour from executives and staff members.
Chittaurgarh
May 23, 2016
Good Service
My ulip plan is with edelweiss tokio life insurance. The policy coverage is high 90% and the claims are good. Premiums are less ~32 K per year and the returns are around 29 L. Services are really fast and the response through executives and staff members are nice. Daily updates mailed to me timely.
Ghaziabad
May 23, 2016
Wonderful Policy
Edelweiss tokio life ulip plan and it is good and the benefits are even better. Premium is low and payback are high. Claims and policy coverage is really awesome with good interest. The service is very quick and on time till now. Good investment, I like the terms and conditions of the policy.
Meerut
May 23, 2016
Quality Investment
I purchase edelweiss tokio ulip plan and policy is awesome with great benefits. Policy coverage is high approx. 89%. Claim are good around Rs.33 L after policy get mature and the service is really good with polite behaviour from executives and staff members.
Shahabad
May 23, 2016
Fantastic Plan
My ulip policy plan is one of the best plan ever. Thank you, edelweiss tokio life insurance for the services, the premiums are less and coverage is high ~87%. Service you provided is super sonic, Claiming procedure get so simple and easy. The web services and services provided by staff members and executives are fast and on time. Good investment which save taxes too.
Patna
May 23, 2016
Future Investment
I have to say that the policy is very good and the terms and conditions are very reliable and flexible. Policy coverage is 88% and the service is okay with good behaviour from executives and staff members. Good tax saver. The edelweiss tokio ulip plan work's for me, completely satisfied.
