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.
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Inbuilt Life Cover
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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
You can pay offline by visiting the nearest branch in your city.