Edelweiss Life Insurance Review

I didn't buy life insurance because someone forced me to. I bought it because I kept thinking about what would happen to my family if I weren't around tomorrow. After comparing a few companies, I chose Edelweiss Life. The plan was easy to understand, the premium fit my budget, and the process was smooth. What gave me real comfort was knowing my family would receive the amount without complications. That peace of mind matters more than anything.” – Simran Sharma.

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12.02 Crore Registered Consumer

5.9 Crore Policies Sold

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₹1 Crore Life cover starting from ⁺

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About Edelweiss Life Insurance

Edelweiss Life Insurance Company Limited, formerly known as Edelweiss Tokio Life Insurance, is a private life insurance company in India owned by Edelweiss Financial Services. Over the years, it has expanded to many cities and towns, serving customers through both physical branches and online platforms.

This life insurance company focuses on plans that combine protection with flexibility. Whether someone wants pure term cover, long-term guaranteed income, market-linked growth, or retirement income, there is a product category built around that need.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Key Features of Edelweiss Life Insurance

Offers term insurance, ULIPs, child plans, retirement plans, and guaranteed income products
Claim Settlement Ratio of 99.29% (FY 2024–25)
80,628+ agents supporting customers across India
94 branches across the country
Recognised for customer experience initiatives such as the “Bolt” platform

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

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Advantages of Edelweiss Life Insurance Plans

Strong Protection at Affordable Premiums
Edelweiss term insurance plans are built for high coverage at manageable premiums. For young earners especially, this makes it easier to lock in large life cover without stretching monthly budgets.
Market-Linked Wealth Creation
For those comfortable with market exposure, ULIPs offer the opportunity to build wealth over time while still maintaining life cover. You can choose funds based on your risk comfort.
Flexible Payout Structures
Many plans let you decide how your family receives money — lump sum, regular income, or a mix of both. That flexibility makes a difference when planning long-term security.
Tax Benefits
Premiums paid and benefits received may qualify for tax benefits under applicable income tax laws, making the policy both financially sensible and protective.
Digital and Offline Support
Policies can be purchased online, or you can contact agents and branches for human assistance. The company’s claim and servicing systems are designed to keep processes clear and trackable.

Why Should You Consider Edelweiss Life Insurance?

The company reported a 99.29% claim settlement ratio for FY 2024–25, reflecting strong claim servicing performance.
With over 80,000 agents and 94 branches, assistance is accessible across locations.
It has received recognition for improving customer journeys through digital platforms.
Has a good mix of products for protection and long-term financial planning.
Plans are smart with money because they offer tax benefits under the law.
Policies are set up to protect your family's future in case something bad happens.

Claim Settlement Process of Edelweiss Life Insurance

The first step in filing a term insurance claim is to notify the insurance company. You can do this online by visiting the company’s website, by email, in a branch, or by contacting their customer service department.

On receiving the information, the nominee sends in the required papers, which usually include the claim form, death certificate, identification documents, and policy documents. For medical or accidental claims, more documents are required.

The insurance company checks it over once they get the paperwork. The payment will be sent to the registered bank account of the nominee if everything is okay. The insurance company is also helpful to families with ways to track their orders so they will not be guessing what is going on.

How to Contact Edelweiss Life Insurance

Customers can reach Edelweiss Life through multiple channels:

Customer Care Number: 1800 212 1212
Email: care@edelweisslife.in
Website: www.edelweisslife.in
Branch Visit: 94 branches across India
Online Contact Form: Available under the “Contact Us” section on the website

Final Review: Is Edelweiss Life Insurance Worth It?

Edelweiss Life Insurance is suitable for people who want flexibility without confusion. It offers term protection, predictable income options, and market-linked growth choices for those who want more from their policy.

It may not always be the largest insurer, but it performs well on claims and offers a practical product mix. For someone looking to balance protection with future planning, it remains a dependable option.

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FAQs

Can I trust Edelweiss Life Insurance?

Yes. Edelweiss Life Insurance is regulated by the IRDAI and adheres to strict insurance regulations in India. Edelweiss Life Insurance has made a name for itself by having many agents and branches. The history of its claims shows that any valid claim is being settled in a set amount of time.
What is Edelweiss Life Insurance's claim settlement ratio?

During the 2024-25 financial year, Edelweiss Life's claim settlement ratio was 99.29%. This means that the highest number of individual death claims are paid out during this time.
Does Edelweiss Life offer only term plans?

No. It offers term insurance, ULIPs, retirement plans, child plans, and guaranteed income products.
Is it possible to buy Edelweiss Life Insurance online?

Yes. There are different plans available online, and you can buy them whenever you want through the official site's online portal.
Is Edelweiss safe for insurance?

Yes. Edelweiss Tokio Life Insurance (now Edelweiss Life Insurance) is a licensed Indian life insurer backed by the Edelweiss Group and Tokio Marine. Its claim settlement ratio has stayed above 99% in recent years, which is a strong indicator that valid claims are being paid out reliably.
What is the claim ratio for Edelweiss?

For the financial year 2024–25, Edelweiss Life reported a 99.29% claim settlement ratio. That means about 99 out of every 100 valid death claims were settled during that period.

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.