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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.
Get ₹1 Cr. Life Cover at just ₹449/month*
Edelweiss Tokio Life Insurance
No medical
checkup required
checkup required
Covers
COVID-19
COVID-19
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
Happy Customers
*Tax benefit is subject to changes in tax laws.
**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
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- Edelweiss Tokio Life Insurance
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 plan 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 term 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
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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.
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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-portalFor offline mode, you can approach any of the branch offices or speak with the customer care regarding the renewal process on the phone.
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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 Tokio Life Insurance - Latest News
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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.
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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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