Edelweiss Tokio Life vs Sbi Ulip Plans

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Edelweiss Tokio Life vs Sbi Ulip Plans

COMPANY DETAILS Edit Edelweiss Life Insurance

Edelweiss Tokio Life

Edit SBI ULIP Plans

Sbi Ulip Plans

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

2092.99 crore

Annual Premiums Collected (2024-25)

Rs 1 lakh to No limit
Payout Options

Payout Options

Lump sum, regular frequencies, or a combination of both

Payout Options

-
Claim ratio

Claim ratio

99.29%%

Claim ratio

Minimum Age- 14 year%
Solvency Ratio

Solvency Ratio

1.81

Solvency Ratio

70 years
Branches

Branches

94

Branches

Annual, half-yearly,
Riders Available

Riders Available

Accidental Death Benefit Rider, Accidental Total & Permanent Disability Rider, Waiver of Premium Rider, Critical Illness Rider

Riders Available

10 to 30 years
Policy Term

Policy Term

5 to 62 years

Policy Term

10 to 30 years

Overview

Edelweiss Life Insurance: Overview

Edelweiss Tokio Life Insurance, a subsidiary of Edelweiss Group, was incorporated in 2011. It is a joint venture between Edelweiss Financial Services Limited (one of India's leading and most diversified financial service companies) and Tokio Marine Holdings Inc. (one of Japan's oldest and largest insurance companies). Edelweiss Tokio Life operates with over 60,000 agents across more than 109 branches nationwide.

The company offers a wide range of insurance plans covering education, health, retirement planning, wealth enhancement, and more. These plans are designed to help customers achieve their life goals, such as children's education and marriage, and a secure retirement. Edelweiss Tokio Life is among the fastest-growing life insurance companies, known for its diverse portfolio of insurance solutions. Its mission is to make customers' dreams and aspirations a reality by identifying potential challenges and devising solutions.

Edelweiss Life Insurance caters to your insurance needs by offering:

  • Best customer experience
  • Flexible plans
  • A wide variety of options
  • Healthy lifestyle benefits

Riders

Riders You Can Avail With Edelweiss Tokio Life Insurance Plans

Name of the rider Benefits
Edelweiss Tokio Accidental Death Benefit Rider This rider enhances the life coverage for your loved ones in case of your accidental death. Your beneficiaries would receive the base sum assured along with the rider's sum assured.
Edelweiss Tokio Accidental Total and Permanent Disability Rider If an accident results in a total and permanent disability that prevents you from earning for more than six months, this rider waives off all future premiums while keeping your insurance coverage intact.
Edelweiss Tokio Critical Illness Rider Under this rider, you will receive a sum assured, in addition to the base plan sum assured, if you are diagnosed with any critical illnesses specified in the policy.

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SBI ULIP Plans

To cater to your wealth creation needs, SBI offers 8 ULIP plans. Unit Linked Insurance Plans are investment-cum-life insurance policies.

SBI Ulip Plans Plans

SBI Ulip Plans

SBI Life Insurance Company offers a range of insurance products, including life, health, motor, and travel insurance. The SBI Life Smart Elite Plan is...

Unique Features

  • 9 Investment Fund Choices
  • Switching Option Available
  • Surrender Policy Anytime

SBI Smart Elite Plan (Pros)

SBI Smart Elite Plan
  • 9 Investment Fund Choices
  • Switching Option Available
  • Surrender Policy Anytime

SBI Smart Elite Plan (Cons)

SBI Smart Elite Plan
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Smart Elite Plan (Other Benefits)

SBI Smart Elite Plan
  • Death Benefits
  • Maturity Benefits
  • Fund Switching

SBI Smart Elite Plan (Eligibility Criteria)

SBI Smart Elite Plan
  • Minimum entry age: 18 years
  • Maximum entry age: 60 years
  • Maximum sum assured: 105% of premiums
  • Maximum policy term: 30 years

SBI Ulip Plans

SBI Life Smart Wealth Builder is an individual, unit-linked, and non-participating life insurance plan. It offers a dual benefit of insurance and inve...

Unique Features

  • Guaranteed Bonus During Policy Term
  • Free Look Period of 15 Days
  • 1 Free Partial Withdrawal

SBI Life Smart Wealth Builder (Pros)

SBI Life Smart Wealth Builder
  • Death Benefits
  • Maturity Benefits
  • Guaranteed Additions

SBI Life Smart Wealth Builder (Cons)

SBI Life Smart Wealth Builder
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Life Smart Wealth Builder (Other Benefits)

SBI Life Smart Wealth Builder
  • Guaranteed Bonus During Policy Term
  • Free Look Period of 15 Days
  • 1 Free Partial Withdrawal

SBI Life Smart Wealth Builder (Eligibility Criteria)

SBI Life Smart Wealth Builder
  • Minimum entry age- 7 years
  • Maximum entry age- 55 years
  • Maximum sum assured- 10* Annualized Premium
  • Maximum policy term- 30 years

SBI Ulip Plans

SBI Life Saral Maha Anand is a unit-linked, non-participating life insurance product that offers growth opportunities through capital market participa...

Unique Features

  • Accidental Death Rider Benefits
  • Availability of 3 Fund Options
  • No medical Examination Required

SBI Saral Maha Anand (Pros)

SBI Saral Maha Anand
  • Guaranteed Additions of up to 30%
  • Requires no medical examination
  • Flexibility to choose from 3 fund options

SBI Saral Maha Anand (Cons)

SBI Saral Maha Anand
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Saral Maha Anand (Other Benefits)

SBI Saral Maha Anand
  • Accidental Death Rider Benefits
  • Availability of 3 Fund Options
  • No medical Examination Required

SBI Saral Maha Anand (Eligibility Criteria)

SBI Saral Maha Anand
  • Minimum entry age - 18 years
  • Maximum entry age - 55 years
  • Minimum sum assured - Rs 10 x AP
  • Maximum sum assured - Higher of 20 x annualized premium
  • Maximum policy term - 30 years
Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.