Edelweiss Tokio Life Insurance Company was set up in 2011. It is an association between Edelweiss Financial Services and Tokio Marine. Edelweiss Tokio Life Insurance Company offers a wide variety of insurance plans available for the customer to choose from. These plans include saving plans, child plans, endowment plans, protection, and retirement plan. Also, the insurance company has the facility to append some additional features to the plan as per the wish of the customer, which can be permanent disability rider, accidental death benefit rider or critical illness rider.
Edelweiss Tokio Life Insurance Company aims to safeguard the wishes, hopes, and desires of the people at large in case of any mishap that may cause an obstacle in the attainment of their dreams and utilize all available means to ease their burden of loss and assist in moving on with life.
To understand Life insurance claim settlement ratio, we must first be clear with all the basic terms involved with it.
Edelweiss Tokio Life Claim Settlement Ratio is computed as a ratio of the number of claims of death settled in a financial year and the total number of claims reported, which includes the claims pending from the start of the year. The result of this calculation is shown as a percentage and thus can help you in comparison with the claim settlement data of the other insurance companies.
As per the report published by Insurance Regulatory and Development Authority (IRDAI) every year the Death Claim Settlement ratio of Edelweiss Tokio Life’s for individual policies (excluding group policies) is mentioned in the table below.
|Edelweiss Tokio Life Claim Settlement Ratio - Individual Death Claims by Count|
The performance of Edelweiss Tokio Life Insurance in the ratio of claim settlement in the last six years is depicted below. This data is based on the annual report published by IRDAI each year. This data can also be used as a benchmark when deciding upon which term insurance is to be purchased.
The ability to maintain and improve the claim settlement ratio each year is a good performance indicator of the insurance company and reason enough to be partial towards the company when making an insurance company choice. The past performance of Edelweiss Tokio Life Insurance Co. in death claim settlement is an indicator towards a regular and improved performance.
The rank refers to the position of Edelweiss Tokio Life Insurance Co vis-a-vis the other life insurance companies in the industry in a particular year. The table represents data from the period 2012 to 2017 for each financial year.
Which bring us to the conclusion that an improving claim settlement ratio makes this insurance company a decent pick for purchasing insurance policies.