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. 

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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

  • 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.

  • 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 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 & 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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