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Edelweiss Tokio Vs Max Life Insurance Comparison 2024

Life insurance is a necessity for anyone who wants to protect their family and assets. That's why it's important to compare various insurance products and companies before you buy one. The Edelweiss Tokio Life Insurance and Max Life Insurance are two of the most popular life insurance plans in India. They are both offered by two of India's leading life insurance companies, namely Edelweiss Tokio Life Insurance Company Limited and Max Life Insurance Company Limited respectively.

The Edelweiss Tokio and Max Life Insurance Comparison can be done online using a comparison tool that helps you compare the rates of these two life insurance providers. The comparison tool has been designed to help you make a decision on which one is the best option for you. It also helps you find out more about the features and benefits offered by these two companies. Let’s compare the two life insurance providers and their policies, features, benefits, and prices in detail to get the best life insurance policy.

Edelweiss Tokio Life Insurance Benefits & Key Features

  • Wide Range of Plans: Edelweiss Tokio Life Insurance offers several life insurance products such as term insurance, investment, retirement, health, group plans, etc. to choose from.
  • Customizable Plans: Edelweiss Tokio Life Insurance Company provides plans which have customizable options such as customizable payouts.
  • Hassle-Free Claims Process: Edelweiss Tokio Life Insurance Company is known for the claims it settles. The claim process followed by the company is 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.
  • 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.

List of Edelweiss Tokio Life Insurance Plans

Type of Plans Edelweiss Tokio Life Insurance Plans
Term Insurance Plans
  • Edelweiss Tokio Life Zindagi Plus
  • Edelweiss Tokio Life Total Protect Plus
  • Edelweiss Tokio Life Saral Jeevan Bima
  • Edelweiss Tokio Life Saral Jeevan Bima
  • Edelweiss Tokio Life Simply Protect
Retirement Plans
  • Edelweiss Tokio Life Easy Pension
  • Edelweiss Tokio Life Saral Pension
  • Edelweiss Tokio Life Cashflow Protection Plus
  • Edelweiss Tokio Life Forever Pension
Health Plans
  • Edelweiss Tokio Life CritiCare Plus
  • Edelweiss Tokio Life Covid Shield Plus
Group Plans
  • Edelweiss Tokio Life Pradhan Mantri Jeevan Jyoti Bima Yojana
  • Edelweiss Tokio Life Group Wealth Accumulation
  • Edelweiss Tokio Life Group Life Protection Plan
  • Edelweiss Tokio Life Group Employee Benefit Plus
  • Edelweiss Tokio Life Group Credit Protection Plan
  • Edelweiss Tokio Life Group Total Secure
Investment Plans
  • Edelweiss Tokio Life Premier Guaranteed Income
  • Edelweiss Tokio Life GCAP
  • Edelweiss Tokio Life Wealth Secure Plus
  • Edelweiss Tokio Life Wealth Plus
  • Edelweiss Tokio Life Wealth Gain plus
  • Edelweiss Tokio Life Active Income Plan
  • Edelweiss Tokio Life Income Builder
  • Edelweiss Tokio Life Wealth Ultima
  • Edelweiss Tokio Life Single Pay Endowment Assurance Plan
  • Edelweiss Tokio Life POS Saral Nivesh
  • Edelweiss Tokio Life Dhan Labh
  • Edelweiss Tokio Life Smart lifestyle
  • Edelweiss Tokio Life Wealth Premier
Micro Insurance Plans
  • Edelweiss Tokio Life Insurance Jan Suraksha Plan
  • Edelweiss Tokio Life Insurance Raksha Kavach Plan

Max Life Insurance

Max Life Insurance Company is one of the best life insurance companies in India. It is often the simplest things that bring the most happiness in life. Max Life Insurance, constantly tries to create solutions to make life insurance plans easy, affordable, and suitable for every stage of your life.

Max Life Insurance offers a wide variety of life insurance products for individuals and families. Max Life Insurance industry has many happy customers based on their claims percentage, sum assured, assets under management, persistency, and solvency ratio. The Max Life Insurance company dedicatedly tries to create a solution to make life insurance more affordable, easy, and suitable for all customers at every stage of life.

Max Life Insurance Benefits:

  • Financial Security: Max Life Insurance products help the insured to provide financial security to their family and safeguard them against any type of eventualities.
  • Provides Future Needs: With a max life insurance policy you can plan for your children’s future education, marriage, etc. The insurance benefits they will receive after you help them fulfill their dreams just as you have planned for them.
  • Wealth Creation: With Max Life Insurance policy you can opt for life insurance plans with maturity benefits to enjoy life with financial independence and also create wealth, which can be used to fulfill various life goals.
  • Availability of Variety of Plans: There are various life insurance plans that you can choose from max life insurance that will plan for your retired life. You can select monthly income or lump sum pay-outs with these plans to enjoy your life after retirement without financial worries.
  • Tax Benefits: Max's life insurance policies provide certain tax benefits under section 80C and section 10 (10D) of the income tax act, 1961.

List of Max Life Insurance Plans

Type of Plans Max Life Insurance Plans
Term Insurance Plans
  • Max Life Smart Secure Plus Plan
  • Max Life Smart Term Plan
  • Max Life Online Term Plan Plus
ULIPS Plans
  • Max Life Fast Track Super
  • Max Life Platinum Wealth Plan
  • Max Life Online Savings Plan - Variant 1
  • Max Life Online Savings Plan - Variant 2
  • Max Life Shiksha Plus Super
  • Max Life Forever Young Plan
Retirement Plans
  • Max Life Saral Pension Plan
  • Max Life Forever Young Pension Plan
  • Max Life Guaranteed Lifetime Income Plan
  • Max Life Life Perfect Partner Super Plan
Health Insurance Plans
  • Max Life Cancer Insurance plan
Guaranteed Savings Plans
  • Max Life Savings Advantage Plan
  • Max Life Monthly Income Advantage Plan
  • Max Life Whole Life Super
  • Max Life Assured Wealth Plan
Guaranteed Income Plans
  • Max Life Term Plan with Return of Premium
  • Max Life Smart Wealth Plan
  • Max Life Online Savings Plan
  • Max Life Long Term Plan
  • Max Life Short Term Plan
  • Max Life Cancer Insurance Plan
Child Plans
  • Max Life Future Genius Education Plan
  • Max Life Siksha Plus Super Plan
Group Plans
  • Max Life Group Saral Suraksha Plan
  • Max Life Group Term Life Platinum Assurance
  • Max Life Group Credit Life Premier Plan
  • Max Life Group Gratuity Premier Plan
  • Max Life Group Super Life Premier in lieu of EDLI
  • Max Life Group Super Life Premier
  • Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana
  • Max Life Group Credit Life Secure Plan

Comparison Table of Edelweiss Tokio Life Insurance vs Max Life Insurance

Parameter Edelweiss Tokio Life Insurance Max Life Insurance
Claim Settlement Ratio 97.01% 99.35%
Solvency Ratio 2.15 2.02
Inception 2011 2000
Number of Branches 116 277
Availability Online/Offline Online/Offline
Life Cover Up to 99 Years Up to 99 years
Types of Plans
  • Term Insurance Plans
  • Investment Plans
  • Retirement Plans
  • Health Insurance Plans
  • Group Insurance Plans
  • Micro Insurance Plans
  • Term I Plans
  • ULIP Plans
  • Child Plans
  • Online Plans
  • Retirement Plans
  • Savings Plans
  • Health Plans
  • Group Plans
E-Services
  • Report a Claim
  • Claim Tracking
  • Download Certificates
  • Premium Payment
  • Renew Policy
  • Update Details
  • Fund Statement Download, etc.
  • Buying Policy
  • Renewal Policy
  • Update Information
  • Pay premium payment
  • Application Tracking
  • Claim Settlement, etc.
  • Premium Calculation, etc.
Riders  Available
  • Accidental Total and Permanent Disability Rider
  • Waiver of Premium Rider
  • Accidental Death Benefit Rider
  • Hospital Cash Benefit Rider
  • Critical Illness Rider
  • Accidental Death Benefit Rider
  • Waiver of Premium Rider
  • Term Plus Rider
  • Critical Illness Benefit Rider

How to Compare Edelweiss Tokio Vs Max Life Insurance Plans?

You can get the instant comparison of Edelweiss Tokio Vs Max life insurance in simple steps

  • Visit the PolicyBachat Website and select the ‘Life’ tab.
  • Enter your Name, Date of Birth, and Mobile Number.
  • Click on the ‘View Plans’ button.
  • Just Answer 5 Simple Questions.
  • Select your ‘Gender’.
  • Select ‘YES’ or ‘No’ if you have Smoked or Chewed Tobacco in the last 12 months.
  • Select your ‘Annual Income’.
  • Select your ‘Education Qualification’.
  • Choose your ‘Occupation Type’.
  • Enter your ‘Email Address’.
  • Then click on ‘Start Saving Money’.
  • Premium Quotes of top life insurance plans will be displayed where you can compare plans, premiums, and benefits.
  • You can add riders; edit your sum insured, policy premium frequency, etc.
  • Purchase the best life insurance policy using online payment

Conclusion

The decision to choose a life insurance plan from the best life insurance company is a tough one. There are many factors that you need to consider before you can decide which one is the best for your needs. You need to look at the coverage amount, premium, and what type of policy suits your needs.

To make a better decision, you should compare life insurance companies available in the market. However, this decision has become much easier with the help of PolicyBachat. To buy the best life insurance policy compare life insurance quotes at PolicyBachat and know all the key features and benefits of Edelweiss Tokio Life Insurance and Max Life Insurance.

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