Edelweiss Tokio Life Investment Plans

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• These plans are issued for a longer term perspective and money cannot be withdrawn from the plans.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:

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:

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.

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:

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:

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:

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:

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:

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 13^th 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:

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:

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:

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.