Edelweiss Tokio Life Investment Plans

3.9 / 5 based on 22 User Reviews
*Please note that the quotes shown will be from our partners

Edelweiss Tokio Life Insurance is a joint venture between Edelweiss financial Services, Mumbai and Tokio Marine Holdings Inc, Japan. It was established in 2011. It is one of the leading financial service providers which caters to the various needs of its customers and offers a host of products designed specifically to meet the needs of its customers.

What are Traditional / Investment Plans

Traditional plans, also called Conventional Insurance Plans are plans where money is invested as per the guidelines laid down in the Insurance Act. The whereabouts of the invested premium is not known to the policyholder. The policyholder is simply promised certain benefits payable on death, maturity or as money back. Traditional Investment Plans have some of the basic features which are mentioned below:

  • These plans are issued for a longer term perspective and money cannot be withdrawn from the plans.
  • In case of stopping the premium payment, the plan becomes paid-up if at least three full years’ premiums have been paid. A paid-up plan has a reduced Sum Assured and the policyholder has a choice to either run the plan at the reduced coverage or surrender the plan.
  • The plans may be offered as participating or non-participating plans. Participating plans are entitled to participate in the company’s profits and earn bonuses which are not true for non-participating plans.
  • The plans may be issued either as Endowment Plans or Money Back Plans

Edelweiss Tokio Life Traditional / Investment Plans

Edelweiss Tokio Life Insurance Company offers various types of Traditional / Investment Plans to its customers with attractive features and benefits. Here is the detailed list of plans along with their respective features and benefits.

1. Cashflow Protection Plus:

  • A traditional plan which can be availed by all lying between the ages of 91 days to 55 years. The maturity period of this plan is fixed at 100 years of age of the plan buyer.
  • At a minimum premium of Rs.9835 this plan gives a sum assured starting from Rs.2 lakhs. This plan offers guaranteed income till the age of 100 along with guaranteed money back and revisionary bonuses.
  • It also offers loan facilities and discounts for high sum assured amounts.
  • The plan offers guaranteed money back as well as non-guaranteed cash bonus.
  • Eligibility:

 

Parameters                                         

Minimum

Maximum

Age

91 days

55 years

Maturity Age

Nil

100 years

Premium Payment Term

10, 15, 20 and 25 years

Premium Paying Mode

Yearly, Half yearly and monthly

Premium Amount

Rs.9835

 

Sum Assured

Rs.200000

No Limit

Policy Term

100 years minus the age of the insured

 

2. Single Pay Endowment Assurance Plan:

  • A non-unit Linked insurance plan which offers life cover, flexible fund options along with guaranteed loyalty additions at the end of the maturity period.
  • A simple 10 year plan issued as a single premium pay plan which provides benefits of wealth enhancement along with risk protection.
  • A low allocation charge plan which offers flexibility to avail loans and also make policy withdrawals post completion of one year in case of financial emergencies.
  • Eligibility:

Parameters                                         

Minimum

Maximum

Age

8 years

50 years

Maturity Age

Nil

60 years

Premium Payment Term

Single Pay

Premium Paying Mode

Once

Premium Amount

Rs.40000

No Limit, subject to underwriting

Sum Assured

Rs.400000

No Limit, subject to underwriting

 

3. Guaranteed Income Plan:

  • An endowment plan which offers maturity benefits along with additional benefits amounting up to 200% of all the premiums paid.
  • These benefits are released as a lump sum payment.
  • It also offers loan facilities in cases of financial emergencies along with riders to enhance protection.
  • Issued as a 15 year term policy this plan offers guaranteed income for the next fifteen years (post completion of the policy period).
  • It can be availed by all lying between the ages of 3 years to 50 years with a 15 year premium payment term.

Parameters                                         

Minimum

Maximum

Age

3 years

50 years

Maturity Age

18 years

65 years

Premium Payment Term

15 years

Premium Paying Mode

Annually

Premium Amount

Rs 30,000 for ages 3 to 35
Rs 40,000 for ages 36 to 40
Rs 50,000 for ages 41 to 45
Rs 60,000 for ages 46 to 50

Sum Assured

Rs.483630

No Limit, subject to underwriting

Policy Term

15 years

Payout Period

16th to 30th year from the plan issuance date

 

4. Save n Prosper:

  • An endowment plan which not only offers profits but also provides the buyer with tax benefits (equivalent to sum assured and bonuses), additional discounts and bonuses (up to 90% of the surplus).
  • The plan offers flexible policy term as well as flexible premium payment terms.
  • It also offers loan facilities in cases of financial emergencies along with riders to enhance protection.
  • It can be availed by all lying between the ages of 3 years to 50 years for a period of 15 to 30 years.
  • Eligibility:

 

Parameters                                         

Minimum

Maximum

Age

3 years

50 years

Maturity Age

18 years

65 years

Premium Payment Term

10, 15 or regular pay

Premium Paying Mode

Yearly, Half yearly, quarterly and monthly

Premium Amount

 Rs.5824 for annual premiums

 Rs.3000 for Semi-annual premiums,
Rs.1750 for Quarterly premiums

Rs.600 for Monthly premiums

Sum Assured

Rs.200000

No Limit, subject to underwriting

Policy Term

15 to 35 years

Premium Modal Factor

Annual-100%

 Semi-annual – 51.2%,
Quarterly – 26.0%

Monthly – 8.8%

 

5. Safe n Sure:

  • An endowment plan which offers guaranteed benefits at the end of the maturity period.
  • It also offers loan facilities in cases of financial emergencies along with discounts.
  • It can be availed by all lying between the ages of 5 years to 55 years for a policy period of 15, 20 or 25 years as a 15 year premium pay plan.
  • Eligibility:

 

Parameters                                         

Minimum

Maximum

Age

5 years

55 years

Maturity Age

 

80 years

Premium Payment Term

15 years

Premium Paying Mode

Yearly, Half yearly, quarterly and monthly

Premium Amount

 Rs.7326 for annual premiums

 Rs.4000 for Semi-annual premiums,
Rs.2500 for Quarterly premiums

Rs.1000 for Monthly premiums

Sum Assured

Rs.200000

No Limit, subject to underwriting

Policy Term

15, 20 and 25years

 

6. Milestones Plan:

  • A non-linked insurance plan which offers money back benefits at specific intervals as decided by the buyer.
  • It offers larger payouts by ways of guaranteed benefits along with additional bonuses at the end of maturity of the policy.
  • It also offers discounts along with riders to enhance protection.
  • Offers regular payouts at predetermined intervals.
  • It can be availed by all lying between the ages of 12 years to 44 years for a policy period of 16, 20, 25 or 30 years as a 12, 16, 20 or 24 years premium pay plan.
  • Eligibility:

 

Policy Term

 

16 year

20 year

25 year

30 years

Minimum Age

14 years

14 years

13 years

12 years

Maximum Age

44 years

40 years

35 years

30 years

Maximum Maturity Age

60 years

60 years

60 years

 60 years

Premium Payment Term

12 years

16 years

20 years

24 years

Minimum Sum Assured

Rs.250000

Maximum Sum Assured

No Limit, subject to underwriting

Premium Payment modes

Yearly, half-yearly and monthly

 

 

 






7. Wealth Builder:

  • A non-linked insurance plan which offers the dual benefits of protection along with savings thus protecting the buyer’s family at difficult times.
  • It offers guaranteed benefits which are given upfront.
  • The plan offers flexible policy term as well as flexible premium payment terms.
  • It also offers loan facilities in cases of financial emergencies along with discounts.
  • It can be availed by all lying between the ages of 91 days to 55 years for a policy period of 10, 15, 20, 25 or 30 years
  • Eligibility:

 

Parameters                                         

Minimum

Maximum

Age

91 days

55 years

Maturity Age

18 years

70 years

Premium Payment Term

5 years, 7 years, 10 years and 12 years

Premium Paying Mode

Yearly, Half yearly  and monthly

Premium Amount

 Rs.15000 for annual premiums

 Rs.8000 for Semi-annual premiums,
Rs.1500 for monthly premiums

Sum Assured ( maturity)

Cumulative Annualized Premium

Sum Assured (Death)

Varies depending upon the premium payment term

Policy Term

10, 15, 20, 25 and 30 years

 

8. GCAP:

  • A non-linked insurance plan which offers the dual benefits of maturity as well as death benefits along with accrued guaranteed additions and the guaranteed benefits which are given upfront.
  • The plan offers flexible policy term as well as flexible premium payment terms.
  • It also offers loan facilities in cases of financial emergencies along with discounts.
  • It can be availed by all lying between the ages of 91 days to 55 years for a policy period of 10, 15, 20, 25 or 30 years.
  • In case of death, higher of the Sum assured or 11 times the annual premium (for5, 7 or 10 pay) or 13 times of the annual premium (for 12 pay) is paid including the Guaranteed Additions subject to a minimum of 105% of all premiums paid till the date of death.
  • Eligibility:

 

Parameters                                         

Minimum

Maximum

Age

91 days

55 years

Maturity Age

18 years

70 years

Premium Payment Term

5 years, 7 years, 10 years and 12 years

Premium Paying Mode

Yearly, Half yearly, quarterly  and monthly

Premium Amount

 Rs.15000 for annual premiums

 Rs.8000 for Semi-annual premiums,

Rs.4000 for quarterly premiums
Rs.1500 for monthly premiums

Sum Assured ( maturity)

Cumulative Annualized Premium

Sum Assured (Death)

Rs.165000

No Limit

Policy Term

10, 15, 20, 25 and 30 years

 

9. DhanLabh:

  • A non-participating insurance plan which offers maturity benefits as well as death benefits with the option of limited premium payment.
  • Offers guaranteed additions from 13th year of commencement of the policy.
  • It also offers loan facilities in cases of financial emergencies along with riders to enhance protection.
  • The plan offers flexible policy term as well as flexible premium payment terms.
  • It can be availed by all lying between the ages of 91 days to 45 years for a policy period of 15, 20, 25 or 30 years as a limited pay plan.
  • In case of death, higher of the Sum assured or 10 times the annual premium is paid including the Guaranteed Additions subject to a minimum of 105% of all premiums paid till the date of death.
  • Eligibility:

 

Parameters                                         

Minimum

Maximum

Age

91 days

55 years

Maturity Age

18 years

70 years

Premium Payment Term

7 years, 10 years and 12 years

Premium Paying Mode

Yearly, Half yearly, quarterly  and monthly

Premium Amount

Annual premiums: Rs.7500 for 7 pay and Rs.5000 for 10 or 12 pay

Semi-annual premiums: : Rs.4000 for 7 pay and Rs.3000 for 10 or 12 pay

Quarterly premiums: : Rs.2000 for 7 pay and Rs.1500 for 10 or 12 pay

Monthly premiums: : Rs.1000 for 7 pay as well as for 10 or 12 pay

 

Sum Assured ( maturity)

Annualized Premium * PPT + added benefits( if any)

Sum Assured (Death)

Rs..55000

No Limit

Policy Term

15, 20, 25 and 30 years

 

10. DhanNiveshBimaYojana

  • An endowment plan which offers enhanced returns on maturity.
  • Issued at a single premium plan is issued for a period of 10 years to all people lying between the ages of 18 to 45 years
  • Offers additional financial security as well as 100% of the sum assured as a lump sum amount in case of accidental death.
  • Eligibility:

Parameters                                         

Minimum

Maximum

Age

18 years

45 years

Maturity Age

28 years

55 years

Premium Payment Term

Single Pay

Premium Paying Mode

Once

Premium Amount

Rs.1000

Rs.5000(Option A)

Rs.2500(Option B)

Sum Assured

Rs.50000

Rs.25000

Policy term

 10 years

 

11. Edu Save Plan:

  • An insurance plan which not only protects the child’s future but also provides funds at times of need.
  • This plan guarantees continued benefits even after the death of the plan buyer along with waiver of future premiums.
  • It also offers the option of yearly payouts, additional bonus payout.
  • The plan offers additional riders in order to enhance protection as well as a loan facility against one’s policy in case of financial emergencies.
  • Eligibility:

Parameters                                         

Minimum

Maximum

Age

18 years

45 years

Maturity Age

Nil

60 years

Premium Payment Term

Regular Pay, 10 pay and policy term minus 5 years pay

Premium Paying Mode

Once

Premium Amount

Rs.6968

Rs.6968

Sum Assured

Rs.225000

No Limit, subject to underwriting

                                                                                                                                                               

Applying for a Traditional / Investment Plan from the company:

Online:

The company offers specific plans which are available online only. The customer only needs to log into the company’s website, choose the required plan, choose the coverage and provide the details. The premium will be determined using the filled details. The customer then needs to pay the premium online through credit card, debit card or net banking facilities and the policy will be issued

Intermediaries:

Plans which are not available online can be purchased from agents, brokers, banks, etc. where the intermediaries help with the application process.

Applying For Traditional Insurance through PolicyBazaar

  1. On the PolicyBazaar homepage, click on Traditional Insurance under the Personal tab.
  2. Click New Quotes to compare and choose from top insurance providers.
  3. Fill your date of birth (DOB), whether you are a smoker/non-smoker, and the payout amount. On the basis of your payout amount, you will get an estimate of your premium. Next click Continue.
  4. Fill in your name, email address, city, country code, and mobile number. Click Continue.
  5. You will be taken to the Life Insurance quotes page where you will see life insurance quotes of more than 10 insurers. Next, choose the plan as per payment schedule – One Time Payout and Monthly Payout Plans.
  6. After reviewing and comparing each life insurance quote, click the premium amount to buy the desired plan.
  7. You will see a pop-up on the screen which will give you an overview of the chosen plan like premium, plan features, exclusions, additional riders, etc. Click Proceed.

This will take you to the insurer’s website. Fill in the necessary details to buy the plan.

To know about Pension Plans check at Edelweiss Tokio Pension Plans

Edelweiss Tokio Life Investment Plans - 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 for Edelweiss Tokio Life investment plans?

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 for Edelweiss Tokio Life investment plans?

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

 

4. What is the company’s process to settle claim for Edelweiss Tokio Life investment plans?

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 for Edelweiss Tokio Life investment plans?

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 Investment Plans Reviews

TOTAL REVIEWS (22)
Shahid
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.

Arjun
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.

Lalit
Siliguri
May 20, 2016

Marvelous Plan

I own traditional insurance policy plan which i buy from edelweiss tokio life insurance. The policy coverage is 93% and the claims are good. The premiums are low and the claiming process is easy and sanctioned in short time period. The policy is good future investment and it saves taxes too.

Kamal
Nainital
May 20, 2016

Great

I buy edelweiss tokio traditional plan which is really good in services. The policy coverage is good ~89% and the premiums are low. Claiming process is easy due to fast service provided by the executives and the staff members. The payback amount is ~Rs.34 L. Good future investment which save taxes.

Jiten
Jhansi
May 20, 2016

Great Policy

Edelweiss tokio traditional plan which has 88% policy coverage and the claims are easy to get because of fast services provided by the executives and staff members. The daily updates are texted and mailed time to time to may email id and cell number. Nice future investment and tax saving too.

Harish
Muktsar
May 20, 2016

Excellent Policy

My traditional plan is good which i buy from edelweiss tokio life insurance with great facilities. Superb plan with good benefits, your service is fast and on time. Premiums are low and the policy coverage is 89% with good claims. Executives and staff members facilitate the services very nicely. Good experience, It save my taxes too. I like the policy.

Gagan
Nasik
May 20, 2016

Manageable

I purchase edelweiss tokio traditional plan. The policy coverage is low that is 75% and the claim is around 28 L. Service is bit slow, please improve your services for better performance. The web service is also slow. The policy is not good for long term investment and the tax rate cutter has low percentage. Please improve the terms and conditions for better results. Manageable plan.

Faisal
Khalilabad
May 20, 2016

Below Average

Edelweiss tokio traditional plan i have which is below average. The premium is high and the returns are less. Services is bit slow and the behaviour of the staff members is not so well. Web services are also not working. Bad experience. I'm not satisfied with this policy. Please improve the policy.

Dinesh
Godhra
May 20, 2016

High Returns In Low Premium

The edelweiss tokio life insurance is one of the best insurance company. I took traditional insurance policy plan which provide me good service and high returns. The premiums are low and the policy coverage is high ~90% with high claims. The behaviour is good from executives and staff members. Good future investment, I like the policy.

Sandeep
Jaipur
May 20, 2016

Perfect

Policy has all benefits and the investments are also low. Around Rs.37 L is payback amount. Edelweiss tokio life insurance provide me traditional plan which has good facilities and the service is very quick. The up gradation details in policy is mailed to me time to time. Fantastic future investment. Good behaviour of executives is really very impressive.

Akash
Bilaspur
May 20, 2016

Above Average

My edelweiss tokio traditional plan is great with huge benefits. The premiums are low and the policy coverage is 89%. Claim is easy to make because of fast service and the work is done on time. Good behaviour is seen by executives of the company. Good work.

Waqar
Neori
May 20, 2016

Just Go For It

I buy traditional policy plan from edelweiss tokio life insurance. The policy provides good coverage with low premiums. Claims are around Rs.40 L. Service always on time. The executives and staff members are facilitate great services. Daily updates are mailed to me.

Eklavaya
Jammu
May 20, 2016

Totally Safe

I purchase edelweiss tokio traditional plan which provide me best service and good returns in low investment. The premiums are low and the policy coverage is 89% with high claims. The behaviour is good of executives and staff members. Good future investment which reduces taxes too.

Rohit
Pithapuram
May 20, 2016

Fair Policy

My edelweiss tokio traditional plan is great which facilitate great services. The policy coverage is high ~89% and the premiums are low ~13.7 K thrice per year. The payback money is high around 35 L. The services are fast and the behaviour of the executives are really nice with policy owners. Good future investment. I like it.

Tarun
Puwarka
May 20, 2016

Good Work

Superb policy i buy name is edelweiss tokio traditional plan. The returns are good ~Rs.38 L in very low premiums ~Rs.12 K quarterly per year. Service is fast which facilitate by executives and all company members with nice behaviour and quick response. It save my taxes. Good work.

Yajan
Laharpur
May 20, 2016

Manageable Policy

Edelweiss tokio traditional plan is really nice. Plan is good and premium is low. Policy coverage is high ~89% and payback returns good too. Claiming amount is Rs.34 L. Service is fast like super sonic. The daily updates are mailed to me time to time. The service facilitate by the executives and staff members is very good and the behaviour is also nice. I like it.

Umakant
Masaurhi
May 20, 2016

slow service

I buy traditional policy plan which i took from edelweiss tokio life insurance is really nice. Policy coverage is awesome. Claims are high ~Rs.31 L, even premiums are low ~Rs.13 K thrice per year. But the only thing is the service you provided is slow. Please improve it for better responses and for better outcomes. Nice future investment.

Imran
Sitapur
May 20, 2016

Average

My policy has all benefits and the investments are also low. Around Rs.35 L is payback amount after policy end. Edelweiss tokio traditional plan which has nice facilities and the service is very quick. This is good future investment which is tax saver also. The service provided by the executives is nice. I like the policy.

Ojasvi
Panwari
May 20, 2016

Nice

I invest my money in edelweiss tokio traditional plan. The policy coverage is good ~87% and the claims are high. The premiums are low ~11 K quarterly per year. Paybacks are really very good Rs.39 L. Good investment and tax saver policy plan. The executives and staff members are behave well with fast service.

Prabhjot
Ahmedabad
May 20, 2016

Good Plan

I purchase edelweiss tokio traditional plan. The policy coverage is 85% and the claims are high which can be easily sanctioned. The service provided by the executives and staff members are fast and responsive. Nice policy plan which save taxes also. Good behaviour of executives and staff members make's the policy better.

Gaurav
Hyderabad
February 26, 2016

Good.

I have edelweiss tokio life insurance traditional policy plan which has low premiums and the claims are high. Policy coverage is 80%. Service is fast and always on time from executives side.
Plan Name: Wealth Builder
Agent Code: BPW00313

Ganesh
Bengaluru
February 18, 2016

superb plan...

I have edelweiss tokio life insurance traditional plan. Plan was good, nice services with on time surety, claim is ~Rs.21 lakh, policy coverage is 92%. I really am happy with the policy.
Plan Name: Wealth Builder
Agent Code: BPW00313