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.
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:
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.
|
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 |
|
|
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 |
|
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 |
|
|
Sum Assured |
Rs.483630 |
No Limit, subject to underwriting |
|
Policy Term |
15 years |
|
|
Payout Period |
16th to 30th year from the plan issuance date |
|
|
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.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%, Monthly – 8.8% |
|
|
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.1000 for Monthly premiums |
|
|
Sum Assured |
Rs.200000 |
No Limit, subject to underwriting |
|
Policy Term |
15, 20 and 25years |
|
|
|
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 |
|||
|
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, |
|
|
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 |
|
|
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 |
|
|
Sum Assured ( maturity) |
Cumulative Annualized Premium |
|
|
Sum Assured (Death) |
Rs.165000 |
No Limit |
|
Policy Term |
10, 15, 20, 25 and 30 years |
|
|
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 |
|
|
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 |
|
|
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 |
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.
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
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:
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.
3.9 / 5 based on 22 User Reviews
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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