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2024 Edelweiss Tokio Life Insurance: Prices, Benefits, Policies

Edelweiss Tokio Life Insurance company is a joint venture between Edelweiss Financial Services and Tokio Marine Holdings Inc. Edelweiss Financial Services holds a stake of 74% and Tokio Marine holds a stake of 26%. Edelweiss Tokio Life Insurance Company was established in 2011. The company has over 58,000 agents operating in 116 branches, across 93 locations in India.

Edelweiss Financial Services is India's leading diversified financial services company. The company has a diversified portfolio, including businesses ranging from capital market asset management to housing finance and insurance. Tokio Marine is one of the largest Japanese insurance companies. Tokio Marine has its interests vested in life, non-life, and reinsurance; it enjoys a presence in 427 cities across 39 nations. Based on claim settlement ratio, Edelweiss Tokio life insurance ranking in India is 24th rank. But Edelweiss Tokio brings together the values of both these companies to provide customer-centric and value-based services to people all across India. Edelweiss Tokio Life Insurance Company provides life insurance products such as term insurance plans, saving plans, retirement plans, group plans, income plans, wealth plans, ULIP plans, etc.

About Edelweiss Tokio Life Insurance

Claim Settlement Ratio 97.01%
Inception 2011
Branches 116
Death Benefit Paid For 272 Policies
Solvency Ratio 2.20
Annual Premium Rs.383.13 Crores

Edelweiss Tokio Life Insurance Benefits

  • Customizable plans: Edelweiss Tokio Life Insurance offers several life insurance products such as term insurance, investment, retirement, health, group plans, etc. Edelweiss Tokio Life Insurance Company provides plans which have customizable options such as customizable payouts.
  • Simple Claims Process: Edelweiss Tokio Life Insurance Company is known for the claims it settles. The Edelweiss Tokio claim settlement ratio and process followed by IRDAI and its easy to understand as well as hassle-free.
  • Affordable Premium: Edelweiss Tokio Life Insurance policies offers high insurance cover at a low premium. So, customers can buy the life insurance policy within their budget.
  • Complete Transparency: Edelweiss Tokio Life Insurance ensures full transparency in its dealings with customers. The company has the facilities to pay premiums and report claims online.
  • Investment Option: Edelweiss Tokio Life Insurance provides a wide range of investment plans that allows the policyholder to let the investment grow while enjoying the benefits of life insurance simultaneously.

Edelweiss Tokio Life Insurance Plans List

  • Edelweiss Tokio Life Term Insurance Plans
  • Edelweiss Tokio Life Investment Plans
  • Edelweiss Tokio Life Retirement Plans
  • Edelweiss Tokio Life Health Insurance Plans
  • Edelweiss Tokio Life Group Insurance Plans
  • Edelweiss Tokio Life Micro Insurance Plans

Edelweiss Tokio Life Term Insurance Plans

Types of Edelweiss Tokio Life Insurance Term plans are

1. Edelweiss Tokio Life Zindagi Plus

Edelweiss Tokio Life Zindagi Plus term insurance plan is an individual, non-linked, and non-participating pure risk premium life insurance plan that provides life cover to the insured and his/her loved ones (spouse) along with the benefits. This plan gives you 2 options based on the sum assured.

Eligibility Criteria:

Life Cover with Level Sum Assured

Entry Age Maturity Age Sum Assured Premium payment term Premium Payment frequency
Minimum 18 years to Maximum Regular pay:65 years Pay till 60:50 years Max 80 years Minimum Rs. 50 Lakhs (Benefits Opted) and Rs. 25 lakhs(others) to a Maximum No limit Regular Pay Annual, Semi-annual, Quarterly, Monthly

Life Cover with Decreasing Sum Assured

Entry Age Maturity Age Sum Assured Premium payment term Premium Payment frequency
Minimum 18 years to Maximum Regular Pay:55 years Pay till 60:50 years Maximum 80 years Minimum Rs. 50 Lakhs (Benefits Opted) and Rs. 25 lakhs(others) to No limit Regular Pay Annual, Semi-annual, Quarterly, Monthly

2. Edelweiss Tokio Life Total Protect Plus

Total Protect Plus plan is a life insurance plan that provides life cover options up to 100 years and his/her loved ones (spouse) along with the benefits. This plan offers 3 plan options such as live cover option, return of premium option, and live long option.

Eligibility Criteria:

Entry Age Maturity Age Sum Assured Policy term Premium Payment frequency
Minimum 18 years to Maximum 65 years Minimum 28 to Maximum 100 years Minimum Rs.25 lakhs to Maximum No limit. Minimum 10 years to Maximum 100 years Annual, Semi-annual, Quarterly, Monthly

3. Edelweiss Tokio Life Saral Jeevan Bima

Saral Jeevan Bima plan is a term life insurance plan that provides life cover to secure your family, tax benefits, flexibility to choose premium payment term. In this plan, you can the benefits until the end of the policy term.

Eligibility Criteria:

Entry Age Maturity Age Sum Assured Policy term Premium Payment frequency
Minimum 18 years to Maximum 65 years Minimum 23 to Maximum 70 years Minimum Rs.5 lakhs to Maximum Rs.25 lakhs Minimum 5 years to Maximum 40 years Annual, Semi-annual, Monthly

4. Edelweiss Tokio Life Simply Protect

Simply Protect plan provides life cover up to 80 years under 4 plan options such as Life Cover, Life Cover with Inbuilt Accidental Death Benefit, Life Cover with Inbuilt Waiver of Premiums on Accident Total and Permanent Disability, Life Cover Plan Inbuilt Waiver of Premium in case of Critical Illness. This plan offers discounts on the higher sum assured.

Eligibility Criteria:

Entry Age Maturity Age Sum Assured Policy term Premium Payment frequency
Minimum 18 years to Maximum 62 years Maximum 80 years Minimum Rs.25 lakhs to Maximum no limit Minimum 10 years to Maximum 40 years Single-mode, Annual mode

Edelweiss Tokio Life Insurance Retirement Plans

Types of Retirement/pension plans offered by Edelweiss Tokio Life Insurance Company are

1. Edelweiss Tokio Life Easy Pension

Easy Pension is protection plus pension life insurance plan that provides life cover up to 85 years and low premium charges, guaranteed returns. In this plan, you can get dual benefits of regular income and a lump sum amount

Eligibility Criteria:

Entry Age Maturity Age Premium payment term Policy term Premium Payment frequency
Minimum 18 years to Maximum 75 years Minimum 45 to Maximum 85 years Single pay, limited pay(5 years), regular pay Minimum 10 years to Maximum 65 years Annual, Semi-annual, Quarterly, Monthly

2. Edelweiss Tokio Life Saral Pension

Saral Pension plan offers the return of purchase for single life and joint life, guaranteed regular annuity, loan availability, tax benefits, etc.

Eligibility Criteria:

Entry Age Maturity Age Premium payment term Purchase Price Premium Payment frequency
Minimum 40 years to Maximum 80 years Minimum 28 to Maximum 70 years Single pay, Minimum Rs. 1000 per Month Annual, Semi-annual, Quarterly, Monthly

3. Edelweiss Tokio Life Cashflow Protection Plus

Cashflow Protection Plus is a protection plan that provides guaranteed income and financial protection for up to 100 years. This plan offers a money-back, Reversionary Bonus, discounts on high sum assured value, loan availability, and tax benefits.

Eligibility Criteria:

Entry Age Maturity Age Premium payment term Sum Assured Premium Payment frequency
Minimum 91 days to Maximum 55 years Minimum 100 years 10,15,20,25 years Minimum Rs.2 lacs to No limit Annual, Semi-annual, Monthly

4. Edelweiss Tokio Life Forever Pension

Forever Pension plan offers guaranteed immediate and Deferred Annuity, Return of the purchase price for single life and joint life, and any critical illness, permanent disability, higher annuity for the higher purchase price, etc.

Eligibility Criteria:

Entry Age Maturity Age Premium payment term Purchase Price Premium Payment frequency
Minimum 35 years to Maximum 85 years Minimum Rs.1000 per month Single pay Minimum Rs.2 lacs to No limit Annual, Semi-annual, Quarterly, Monthly

Edelweiss Tokio Life Insurance Health Plans

Types of Health insurance plans offered by Edelweiss Tokio Life Insurance Company are

1. Edelweiss Tokio Life CritiCare Plus

CritiCare Plus plan provides lump sum benefit on the diagnosis of Critical Illness. This plan offers coverage against 17 critical illnesses, discounts on the higher sum assured, tax benefits.

Eligibility Criteria:

Entry Age Policy term Sum Assured Premium Payment frequency
Minimum 18 years to Maximum 65 years Minimum 5 years to Maximum 30 years Minimum Rs.5 lacs to Maximum Rs.1 crore Annual

2. Edelweiss Tokio Life Covid Shield Plus

Covid Shield plus plan provides protection when you’re diagnosed with covid-19 and unfortunate death during the policy term. This plan offers critical illness benefits, yearlong protection, tax benefits under section 80c and section 10(10D) as per the income tax Act 1961.

Edelweiss Tokio Life Insurance Group Plans

1. Edelweiss Tokio Life Pradhan Mantri Jeevan Jyoti Bima Yojana

Pradhan Mantri Jeevan Jyoti Bima Yojana plan is a group term insurance plan offered to savings account holders. This plan provides life cover of Rs. 2 lacs per member, affordable premiums, and tax benefits on premiums paid.

Eligibility Criteria:

Entry Age Maturity Age Policy term Sum Assured Premium
Minimum 18 years to Maximum 50 years Maximum 55 years 1 year Minimum Rs.2 lacs to No limit Minimum Rs. 86 to Maximum Rs. 330

2. Edelweiss Tokio Life Group Wealth Accumulation

Group Wealth Accumulation Plan is a unit linked insurance plan that provides multiple fund options with different objectives you can switch between these fun options, guaranteed loyalty additions, tax benefits under section 37 as per the income tax Act 1961.

Eligibility Criteria:

Entry Age Maturity Age Group Size Sum Assured Premium Payment Mode
Minimum 18 years to Maximum 79 years Maximum 80 years 10 members Minimum Rs.1000/- per member Annual, Semi-annual, Quarterly, Monthly

3. Edelweiss Tokio Life Group Life Protection Plan

Group Life Protection Plan is a hassle-free plan that offers two life cover options, flexibility to choose plan coverage, employee benefits, loan availability, etc.

Eligibility Criteria:

Entry Age Maturity Age Group Size Sum Assured Premium Payment Mode
Minimum 16 years to Maximum 80 years Maximum 81 years 50 members Minimum Rs.1000/- per member Annual, Semi-annual, Quarterly, Monthly

4. Edelweiss Tokio Life Group Employee Benefit Plus

Group Employee Benefit Plus plan provides wealth accumulation to the employees, get life cover to live a secured life, top-up premiums, tax benefits under section 37 of income tax act 1961.

Eligibility Criteria:

Entry Age Maturity Age Group Size Sum Assured Policy Term
Minimum 18 years to Maximum 80 years Maximum 81 years 10 members Minimum Rs.5000/- per member 1 year

5. Edelweiss Tokio Life Group Credit Protection Plan

Group Credit Protection Plan covers all types of loans such as personal, home, car, agriculture, education, etc. It covers the moratorium period in case of unfortunate death, gets benefits through a single premium payment.

Eligibility Criteria:

Entry Age Maturity Age Group Size Sum Assured Premium Payment Term
Minimum 18 years to Maximum 65 years Maximum 70 years 50 members Minimum Rs.10,000/- per member Single Pay

6. Edelweiss Tokio Life Group Total Secure

Group Total Secure Plan offers two life cover options Life Cover & Life Cover with Terminal Illness for single and joint life, Group Security against Death, Disability and Illness, additional benefits such as critical illness, disability, and accidental death.

Eligibility Criteria:

Entry Age Maturity Age Group Size Sum Assured Premium Payment Term
Minimum 14 years to Maximum 70 years Minimum 20 years to Maximum 80 years 50 members Minimum Rs.5000/- to Maximum Rs.1 crore. Single Pay, regular pay, limited pay

Edelweiss Tokio Life Insurance Investment Plans

1. Edelweiss Tokio Life Premier Guaranteed Income

Premier Guaranteed Income plan provides income and protection and tax benefits in one plan, guaranteed returns, and offers 4 plan options such as lump sum, short term income, long term income, and retirement income. This plan also offers you get a loan when you need and tax benefits under sections 80c and 10(10D) as per the income tax Act 1961.

Eligibility Criteria:

Policy Term Premium Payment Term Free Look Period

Lump Sum
For 10,12,15,20
Short Term Income
18,22,26
Long Term Income
22, 25,27,29, 30,32,34,35,37, 39,40,42
Retirement Income
80 minus entry age

5,8,10,12 years 15 Days and 30 days

2. Edelweiss Tokio Life GCAP

GCAP plan provides an extra benefit for a higher premium, guaranteed returns, loan facility, and protection against critical illness, wavier premium, additional riders, and benefits to enhance the coverage of the policy.

Eligibility Criteria:

Entry Age Maturity Age Policy Term Premium Payment Term Free Look Period
Minimum 91 days to Maximum 55 years Minimum 18 years to Maximum 70 years 10 to 30 years 5,7,10,12 years 15 Days and 30 days

3. Edelweiss Tokio Life Wealth Secure Plus

Wealth Secure plus Plan helps you to fulfill protection needs provides life cover options for individual and joint and child, affordable premiums and tax benefits, etc.

Eligibility Criteria:

Entry Age Maturity Age Policy Term Premium Payment Term Sum Assured
Minimum 10 years to Maximum 60 years Minimum 18 years to Maximum 70 years 5 to 25 years Regular pay, limited pay Minimum 7 x annualized premium and maximum 10 x annualized premium

4. Edelweiss Tokio Life Wealth Plus

The wealth plus Plan provides dual benefits such as life cover and wealth accumulation. No premium allocation and policy administration charges are applied in this plan. In case of an emergency, partial withdrawal is applicable from the sixth policy year.

Eligibility Criteria:

Entry Age Maturity Age Policy Term Premium Payment Frequency Sum Assured
Minimum 1 year to Maximum 55 years Minimum 18 years to Maximum 70 years 10 to 20 years Annual, Semi-annual, Quarterly, Monthly 10 x annualized premium

5. Edelweiss Tokio Life Wealth Gain plus

Wealth Gain plus plan offers wealth accumulation and protection and insurance coverage to the family of the insured in case of any eventuality. This plan provides the return of mortality charges, two investment charges, and tax benefits.

Eligibility Criteria:

Entry Age Maturity Age Policy Term Premium Payment Term Sum Assured
Minimum 10 years to Maximum 50 years Minimum 18 years to Maximum 70 years 10 to 20 years 5 years 10 x annualized premium

6. Edelweiss Tokio Life Active Income Plan

Active Income Plan guaranteed income protection up to 99 years. This provides family income benefits, cash bonuses, loan facilities, and tax benefits, etc.

Eligibility Criteria:

Entry Age Maturity Age Policy Term Premium Payment Term Sum Assured
Minimum 0 years to Maximum 65 years Minimum 18 years to Maximum 70 years 25 to 99 years 5,8,10,12 years Minimum Rs.5 Lacs

7. Edelweiss Tokio Life Income Builder

Income Builder Plan provides life insurance cover along with income and two plan options such as secured income option and maturity benefit option and tax benefits as per income tax act 1961.

Eligibility Criteria:

Entry Age Maturity Age Premium Payment Term Sum Assured
Minimum 6 years to Maximum 55 years Minimum 18 years to Maximum 70 years Single pay, regular pay Minimum Rs.1,10,000 Lacs to Maximum No limit

8. Edelweiss Tokio Life Wealth Ultima

Wealth Ultima Plan provides protection as well as wealth accumulation and gets life cover up to 100 years of age and tax benefits under sections 80c and 10(10D).

Eligibility Criteria:

Entry Age Maturity Age Premium Premium Payment Term Premium Payment frequency
Minimum 18 years to Maximum 65 years 10 to 100 years Rs.3000/- Single pay, Regular pay, Limited pay Annual, Semi-annual, Quarterly, Monthly

9. Edelweiss Tokio Life Single Pay Endowment Assurance Plan

Single Pay Endowment Assurance Plan enhanced life cover up to 10 times of premium payment. You can get this plan even when your age is 70 years. This also provides loan facilities and tax benefits.

Eligibility Criteria:

Entry Age Maturity Age Policy Term Sum Assured Premium Payment frequency
Minimum 3 years to Maximum 70 years Minimum 18 years to Maximum 80 years 10 and 15 years Rs.50,000/- Single pay

10. Edelweiss Tokio Life POS Saral Nivesh

POS Saral Nivesh Plan guaranteed benefits, discounts on the higher sum assured loan facility and tax benefits.

Eligibility Criteria:

Entry Age Maturity Age Policy Term Sum Assured Premium Payment frequency
Minimum 1 year to Maximum 50 years Minimum 18 years to Maximum 65 years 10 and 20 years Minimum Rs.50,000/- to Maximum Rs. 25 lacs 5,7,10,12 years

11. Edelweiss Tokio Life Dhan Labh

Dhan Labh plan provides maturity benefits, extra Benefits on high premiums, flexibility to choose the term, loan availability, tax benefit, etc.

Eligibility Criteria:

Entry Age Maturity Age Policy Term Premium Payment Frequency Premium Payment Term
Minimum 91 days to Maximum 45 years Minimum 18 years to Maximum 75 years 15,20,25,30 years Annual, Semi-annual, Quarterly, Monthly 7,10,12 years

12. Edelweiss Tokio Life Smart lifestyle

A smart lifestyle plan provides Wealth Accumulation and Protection in one plan. This plan offers guaranteed addition, loan availability, tax benefits.

Eligibility Criteria:

Entry Age Maturity Age Policy Term Premium Payment Frequency Premium Payment Term
Minimum 1 year to Maximum 50 years Minimum 18 years to Maximum 70 years 10 to 20 years Annual, Semi-annual, Quarterly, Monthly 5, 7,10,12 years

13. Edelweiss Tokio Life Wealth Premier

Wealth Premier Plan provides two life cover options such as single and joint-life options, Loyalty additions at the end of the 6th, 8th, and 10th Policy year, and No allocation & policy administration charges.

Eligibility Criteria:

Entry Age Maturity Age Policy Term Premium Payment Term Sum Assured
Minimum 8 years to Maximum 40 years Minimum 18 years to Maximum 75 years 10 years Single pay Minimum 1.25 single premium, and maximum 10 x single premium

Edelweiss Tokio Life Insurance Micro Insurance Plans

1. Edelweiss Tokio Life Insurance Jan Suraksha Plan

Edelweiss Tokio Life Jan Suraksha Plan is a Non-Linked, Non-Par, Pure Risk Premium, Life, Micro Insurance plan that is designed to provide a cover against death. This group plan can help the group of people and secure the financial future of their family in case of the unfortunate demise of the member.

Eligibility Criteria:

Entry Age Maturity Age Policy Term Premium Payment Term Sum Assured
18 to 60 years 20 to 67 years 2, 5, 7 years Single Pay, Regular Pay Rs.5000/-per member

2. Edelweiss Tokio Life Insurance Raksha Kavach Plan

Edelweiss Tokio Life Insurance Raksha Kavach Plan is an Individual, Non-Linked, Non-Par, Pure Risk Premium, Life, Micro Insurance Plan. This plan helps you avail your life cover requirement in a single payment, regular payment options.

Eligibility Criteria:

Entry Age Maturity Age Policy Term Premium Payment Term Sum Assured
18 to 50 years 23 to 55 years 5 years Single Pay, Regular Pay Rs.5000/-per member

How to Buy Edelweiss Tokio Life Insurance Online at Policy Bachat

The process of buying an Edelweiss Tokio life insurance policy online has become simple with PolicyBachat. All you need to do is fill out an application form and then make a payment for the premium. The entire process takes less than 15 minutes. Following steps to purchase the Edelweiss Tokio life insurance policy online

  • Step 1: Visit PolicyBachat’s official website and then enter the details such as Gender, Annual income from all the sources, Alcohol consumption and tobacco consumption, type of occupation, salary, and Date of Birth. After this, you need to enter your contact details to facilitate a call from our agent.
  • Step 2: Now the premium from different insurance companies will be displayed on the screen. You can edit the details such as Coverage, Term, Premium payment method, Mode of claim settlement, etc. Submit the details to get the desired premium. The premium can be changed by changing other factors such as Coverage required, mode of payment, etc.
  • Step 3: The next step is to select the best Edelweiss Tokio life insurance policy. You can change your premium by adding riders you want.  After deciding the premium, you can purchase a policy from PolicyBachat directly.

Click on the below button and calculate your premium rates to buy life insurance policy.

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Edelweiss Tokio Life Insurance Renewal

Edelweiss Tokio life insurance renewal has never been simple as it is now. With the advent of technology, the life insurance renewal process is simple. You can renew your life insurance policy online without worrying about the need to go to the insurance company to pay the premium.

  • Visit the Edelweiss Tokio life insurance website and click on the option to renew your life insurance policy.
  • Enter the required details that include your policy number, mobile number, and email address.
  • Renew life insurance policy through multiple options using Net banking, Credit card, Debit card, UPI wallets, and bill pay online.

Edelweiss Tokio Life Insurance Claim Settlement Ratio

Edelweiss Tokio Life Insurance offers a simplified claim settlement process and the documentation process is also customer-friendly. The nominee or the insured can comfortably track the claim status online. The claim settlement ratios of Edelweiss Tokio Life Insurance are

Year Claim Settlement Ratio
2016-2017 100%
2018-2019 100%
2019-2020 99.02%
2020-2021 83.44%
2021-2022 97.01%

Edelweiss Tokio Life Insurance Claim Process

Step 1: Claim Intimation:

The claim intimation can be done online or offline which should contain basic information such as the Name of the Policyholder, Policy number, Date of Maturity, etc. In case of offline intimation, the claim form can be availed from the nearest life insurance branch and duly filled out before submission.

Step 2: Submission of Documents:

Once the claim intimation is done and the claim intimation number is obtained, the next step is to provide all the relevant documents to the insurance company.

Step 3: Claim Decision:

After receiving all the documents the claim is processed then there would be further investigation by the insurer. This procedure has to be completed within six months from the date of receiving written intimation of the claim.

Documents Required to Claim Edelweiss Tokio Life Insurance

Death Claim
  • Certificate of Death
  • Original Policy Document
  • Medical Certificate
  • F.I.R Report (Accident death claim)
  • Age proof
  • Residence proof
  • Relation proof with the policyholder(Death claim)
  • Employer Certificate For Salaried Policyholder
  • Duly filled claim form
  • Bank account details
  • Any other documents as required by the insurance company
Critical Illness Claim
  • Original Policy Document
  • Photo Identity & Address Proof
  • Applicant Statement Death
  • Medical Records
  • Hospital Certificate
  • Employer Certificate For Salaried Policyholder
  • Doctor Certificate
Accidental Disability Claim
  • Original Policy Document
  • Photo Identity & Address Proof
  • Medical Records
  • Hospital Certificate
  • Doctor Certificate
  • Employer Certificate For Salaried Policyholder
  • Fir/ Police Report/ Panchnama / Inquest Report
  • Copy Of Driving License

Edelweiss Tokio Life Insurance FAQs

How to do Edelweiss Tokio Life Insurance Policy Download?

For downloading the edelweiss tokio premium paid certificate, log in to the website by entering required details such as Policy Number, Name, Phone number, etc. Go to Policy copy download options as Premium Receipt, Premium Notice, Unit Statement, Premium Paid Certificate, and GST Invoice. Select which policy copy to download and print.

How to Pay Edelweiss Tokio Premium Payment?

You can pay edelweiss tokio life insurance online payment via

  • Net banking
  • Through Credit Card
  • Through Debit Card
  • UPI Wallets
  • Bill Pay, etc.

How Do I Check Edelweiss Tokio Life Insurance Policy Details With Policy Number?

You can check Edelweiss Tokio policy details with policy numbers easily in simple steps

  • Step1: Visit the official website of Edelweiss Tokio Life Insurance
  • Step2: Click on the Edelweiss Tokio Life insurance Login portal by entering the details such as register email id, mobile number, user id, etc.
  • Step3: OTP will receive the registered mobile number
  • Step4: After successful login, enter the policy number. You can check the policy details displayed on the screen.

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