Life insurance is one of the most important financial decisions that you will make in your lifetime. It's a decision that should not be taken lightly. There are many different types of life insurance. They can vary depending on the type of coverage, how long the coverage lasts, and how much you would like to pay for it.
Edelweiss Tokio Life Insurance is an Indian insurance company and is one of the best life insurance companies in India that offers life insurance products for individuals and groups of people. It offers products like term plans, whole life plans, and other life insurance products. Their products are available in both online and offline modes of business.
For buying the life insurance policy, if you consider Edelweiss Tokio Life Insurance, you may also need to look into alternatives or competitors to find the right one that fits your needs. In this article, we will talk about some top 10 competitors or alternatives to Edelweiss Tokio Life Insurance Online that are available in India.
This article will compare some of India's best Edelweiss Tokio life Insurance alternatives. It will be looking at some of their features and benefits as well as their prices to help you to decide on which policy to choose for your needs and budget. Before diving into the top alternatives of Edelweiss Tokio life insurance let’s know about Edelweiss Tokio life insurance benefits, claim settlement ratio, and plans offered.
Edelweiss Tokio Life Insurance
Edelweiss Tokio Life Insurance Company is a joint venture between Edelweiss Financial Services and Tokio Marine Holdings Inc. Edelweiss Tokio Life Insurance Company offers comprehensive protection life insurance plans to help you to coverage for your life. The company helps you to create a secure and bright future for yourself and your loved ones. Edelweiss Tokio Life Insurance provides amazing services. Also, it has many attractive plans for different types of customers to choose from as per their requirements.
| Foundation |
2011 |
| Claim Settlement Ratio |
97.01% |
| Solvency Ratio |
2.15 |
| Number of Branches |
116 |
| Plans |
Term Plans, Investment Insurance Plans, Health Plans, Retirement Plans, Group Plans, Micro Plans |
| Benefits & Features |
Customizable Plans, Simple Claims Process, Complete Transparency, Investment Option, Tax Benefits, Long-Term Coverage, Affordable Premiums |
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Why You Should Opt for Edelweiss Tokio Life Insurance Alternatives
The life insurance industry has been around for a long time and it has changed very little in its essence. The cost of premiums has increased, the coverage is not as good as it used to be and the customer service is not as great. There are plenty of other options out there that are cheaper and better than your current life insurance. If you want to protect your family from financial burdens, you should opt for an alternative provider instead of relying on one life insurance company.
Edelweiss Tokio Life Insurance Alternatives offers a range of life insurance products. It is one of the best insurance companies in India that offer comprehensive solutions for your financial needs. But Edelweiss Tokio Life Insurance Alternatives comes with many benefits like an assured return on investment, tax benefits, and a risk-free policy. So before choosing the life insurance company consider Edelweiss Tokio Life Insurance Alternatives as an option.
Here are the reasons why you should opt for Edelweiss Tokio Life Insurance Alternatives & Competitors
- If You want to save on taxes and affordable premium
- You need more coverage than what Edelweiss Tokio offers
- For better security features available for your needs
- For better benefits available for your needs
- For better customer service features available for your needs, etc.
Best Edelweiss Tokio Life Insurance Alternatives in India
The best Edelweiss Tokio life insurance alternatives in India are those that offer the best coverage at the lowest cost. The best Edelweiss Tokio life insurance alternatives in India are available at PolicyBachat.com. Here you can compare and buy the best life insurance plans from various companies and get the best deals on your purchase.
PolicyBachat is an online insurance comparison website that offers a platform to compare and buy the best insurance plans from various companies. It sorted out a list of the best alternatives and competitors to Edelweiss Tokio Life Insurance based on benefits, claim settlement, and discounts offered by them.
Top 10 Edelweiss Tokio Life Insurance Alternatives
Here is a list of the top 10 competitors or alternatives to Edelweiss Tokio Life Insurance.
- Pramerica Life Insurance
- Exide Life Insurance
- Kotak Mahindra Life Insurance
- Reliance Nippon Life Insurance
- PNB MetLife Insurance
- Aditya Birla Sun Life Insurance
- Tata AIA Life Insurance
- Aviva Life Insurance
- ICICI Prudential Life Insurance
- Canara HSBC OBC Life Insurance
Pramerica Life Insurance
Pramerica Life Insurance Limited erstwhile DHFL Pramerica Life Insurance Company Limited is headquartered in Gurugram. Pramerica Life Insurance is a joint venture between DHFL Investments Limited, a wholly-owned subsidiary of Dewan Housing Finance Corporation Ltd. (DHFL) Prudential International Insurance Holdings. The company provides a wide range of life insurance solutions for individuals as well as groups. Pramerica life insurance company’s target is to provide affordable, efficient, and effective life insurance life cover. It offers various financial protection needs such as securing their child’s future, retirement planning, tax saving, and wealth creation.
Foundation: 2013
Claim Settlement Ratio: 98.61%
Solvency Ratio: 4.42
Number of Branches:133
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Benefits & Features:
- Long-Term Coverage
- Affordable Premiums
- Excellent Customer Services
- Wide Range of Products
- Financial Assistance
- Tax Benefits
- Return of Premiums
- Easy Claim Settlement
Plans Available:
- Protection Plans
- ULIP Plans
- Savings Plans
- Child Progress Plans
- Health Plans
- Retirement Plans
- Group Plans
Exide Life Insurance
Exide Life Insurance is one of the Top 10 Most trusted companies in India. It was formerly known as ING Vysya Life Insurance Company. It is a non-government and commercial life insurance company headquartered in Bengaluru. The Exide Insurance Company is owned by Exide Industries Limited and serves over 15 lakh customers. The Company is focused on providing long-term protection and savings solution plans and has a strong traditional product portfolio with a consistent bonus track record in the insurance sector. The company steps beyond life insurance and provides need-based life insurance solutions.
Foundation: 2000
Claim Settlement Ratio: 98.54%
Solvency Ratio: 2.24
Number of Branches:200+
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Benefits & Features:
- Wide Range of Products
- Affordable Premiums
- Customized Premium Payment Options
- Incredible Claim Settlement Ratio
- Customer-Friendly Procedures
- Excellent customer service
- Tax Benefits
Plans Available:
- Term I Plans
- Child Plans
- Retirement Plans
- Savings Plans
- Investment Plans
- Health Plans
- Rider Plans
Kotak Mahindra Life Insurance
Kotak Mahindra Life insurance company limited is one of the best and fastest-growing insurance companies in India. It is a joint venture between Kotak Mahindra Bank Limited and Old Mutual Limited, a pan African investment, savings insurance, and banking group operating. It provides an extensive range of financial products to meet both corporate and individual investment needs. Kotak life insurance secures your future and makes sure that all your investments keep giving you profitable returns. Kotak Life Insurance Company provides a wide range of affordable Life Insurance Policies.
Foundation: 2001
Claim Settlement Ratio: 98.50%
Solvency Ratio: 2.90
Number of Branches:232
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Benefits & Features:
- Wide Range of Products
- High Coverage At Low Premiums
- Easy Policy issuance
- Award Winning Services
- Long-Term Coverage
- Tax Benefits
Plans Available:
- Term Plans
- Child Plans
- Savings and Investment Plans
- Protection Plans
- Retirement Plans
- ULIP Plans
- Health Plans
Reliance Nippon Life Insurance
Reliance Nippon Life Insurance Company Limited is one of India's leading private sector life insurance companies. Reliance Nippon Life Insurance Company is an important part of Reliance Capital and it is a private-sector financial services and Non-banking Company. Reliance Capital has diversified businesses in insurance of all kinds, asset management, mutual funds, commercial finance, and other financial services. Reliance Life has a huge variety of life insurance plans that offers tailor-made plans as per the customers’ requirements.
Foundation: 2001
Claim Settlement Ratio: 98.49%
Solvency Ratio: 2.45
Number of Branches:713
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Benefits & Features:
- Affordable Premiums
- Multiple Premium Payment Frequencies
- Excellent Customer Services
- Multiple Add-On Covers
- Wide Range of Products
- Tax Benefits
- Customized Protection
Plans Available:
- Term Plans
- Savings Plans
- Retirement Plans
- ULIP Plans
- Health Plans
- Group Plans
PNB MetLife Insurance
PNB MetLife India Insurance Company Limited is one of the major life insurers in India. PNB MetLife is a collaboration between MetLife International Holdings Inc., Punjab National Bank Limited, Jammu and Kashmir Bank Limited, M.Pallonji and Company Private Limited, and other private investors. This company offers a wide range of products for protection and retirement. It is a one-step solution toward a safe future for you and your loved ones.
Foundation: 2001
Claim Settlement Ratio: 98.17%
Solvency Ratio: 1.90
Number of Branches:117
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Benefits & Features:
- Affordable Premiums
- Maximum Sum Assured
- Excellent Customer Services
- Multiple Add-On Covers
- Wide Range of Products
- Return of Premiums
- Flexible Tenure
- Tax Benefits
Plans Available:
- Family Protection Plans
- Online Plans
- Long-Term Plans
- Child Education Plans
- Retirement Plans
- Health Insurance Plan
- Group Plans
Aditya Birla Sun Life Insurance
Aditya Birla Sun Life Insurance Company is a joint venture between Aditya Birla Group and Sun Life Financial Inc. The company offers a wide range of life insurance products to suit the needs of different customers. It is one of India's largest and most trusted life insurance providers in India. Aditya Birla Sun Life Insurance Company was well known for its product innovations as per customers’ needs and commitment to customer services.
Foundation: 2001
Claim Settlement Ratio: 98.04%
Solvency Ratio: 1.80
Number of Branches:340
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Benefits & Features:
- Excellent Customer Service
- Easy And Hassle-Free Claim Settlement
- Flexibility in Premium Payment
- Tax Benefits
- Long-Term Coverage
- Affordable Premiums
- Easy Policy Issuance
Plans Available:
- Term Plans
- Retirement Plans
- Health Plans
- Child Plans
- ULIP Plans
- Savings Plans
Tata AIA Life Insurance
Tata AIA Life Insurance Company is one of the fastest-growing leading insurers in the Indian private sector. Tata AIA Life Insurance Company Limited is a joint venture between Tata Sons and AIA Group Ltd. Tata Sons holds a stake of 74% in the company and AIA holds 26%. It is accomplished by offering customized life, health, and group insurance solutions to individuals and families, and a group of people.
Foundation: 2000
Claim Settlement Ratio: 98.02%
Solvency Ratio: 2.04
Number of Branches:216
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Benefits & Features:
- Wide Range of Products
- Trusted Brand
- Excellent Claim Settlement Ratio
- Affordable Insurance Plans
- Excellent Customer Services
- Flexible Payment Options
Plans Available:
- Term Plans
- ULIP Plans
- Retirement Plans
- Savings Plans
- Group Plans
- Combo Plans
Aviva Life Insurance
Aviva Life Insurance Company Limited India is a joint venture between Dabur Invest Corporation and Aviva PLC UK-based Insurance Group. It is one of India’s oldest and most respected insurance companies to fulfill policyholder certain needs. The main purpose of Aviva Life Insurance Company is to give simple and useful policies that achieve customer life goals. Aviva life insurance company’s gained experience in this field over centuries in offering comprehensive insurance solutions.
Foundation: 2002
Claim Settlement Ratio: 98.01%
Solvency Ratio: 2.24
Number of Branches:790
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Benefits & Features:
- Tax Benefits
- Wealth Creation
- Life-Long Coverage
- Investment Option
- Good Customer Support
- Easy Claim Settlement
- Death Benefits
Plans Available:
- Term Insurance Plans
- Retirement Plans
- Child Plans
- Savings Plans
- Group Plans
ICICI Prudential Life Insurance
ICICI Prudential life insurance company is a leading international financial services group headquartered in the UK. ICICI Prudential Life Insurance Company has consistently been the top company in the Indian Life Insurance Sector. It is a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited. The company aims to provide cost-effective products, good supervision of assets and funds under its management, and a hassle-free claim settlement experience for its valued customers.
Foundation: 2001
Claim Settlement Ratio: 97.90%
Solvency Ratio: 2.17
Number of Branches:514
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Benefits & Features:
- Wide Range of Products
- Affordable Plans
- Excellent Claim Settlement
- Multiple Payout Options
- Excellent Customer Service
- Long-Term Coverage
- Tax Benefits
Plans Available:
- Term Plans
- Health Plans
- ULIP Plans
- Traditional Savings/Money Back Plans
- Retirement Plans
- Group Plans
- Rural Plans
- Rider Plans
Canara HSBC OBC Life Insurance
The Canara HSBC OBC life insurance company is a joint venture between Canara Bank, HSBC Asia Pacific Holdings Limited, and Punjab National Bank. The company brings the trust and market knowledge together of two big public sector banks in India namely Canara Bank and Punjab National Bank combined with the global insurance expertise of HSBC. Canara HSBC OBC Life Insurance is the first to launch 'Immediate Pay-outs on Death Claim' under unit-linked policies so that the family of the life insured will receive the fund value immediately on registration of the death claim.
Foundation: 2008
Claim Settlement Ratio: 97.10%
Solvency Ratio: 3.27
Number of Branches:2251
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Benefits & Features:
- Financial Protection
- Easy Policy Issuance
- Tax Benefits
- Excellent Customer Service
- Hassle-free claim settlement
- Flexibility in Payment Options
Plans Available:
- Term Plans
- ULIP Insurance Plans
- Child Plans
- Retirement Plans
- Savings Plans
- Health Plans
- Group Plans
Conclusion
Life insurance companies are a great way to protect your family in case something happens to you. There are a few things that make life insurance worth considering. First, it is important to know about the difference between life insurance companies available in India. Life insurance companies offer a lot of different options that can provide you with more than just protection against death. They vary in terms of how much they charge and what they cover, but all offer some form of financial security for those who need it most.
PolicyBachat is an insurance web aggregator that will see for yourself which life insurer provides the best life insurance policy by comparing quotes online. So, compare life insurance quotes and grab your life insurance policy now. It has compiled everything you need to know about Edelweiss Tokio life insurance alternatives in one place so that it is easy for you to find out which one is best suited for your needs and budget.