Compare

Shriram Life vs Edelweiss Tokio Life

Shriram Life

Shriram Life Insurance commenced operations in 2006. A joint venture between Sanlam and Shriram Group, SLIC& 039;s aim is to offer life insurance plans and solutions that cater to a wider demographic.

Edelweiss Tokio Life

Edelweiss Life is a subsidiary of Edelweiss Group incorporated in the year 2011. It is an association between Edelweiss financial service limited and Life Marine Holdings Inc.

COMPANY DETAILS

Shriram Life

Edelweiss Tokio Life

Rating	Rating 4.6	Rating 4.6
Number of life insurance plans and add-ons	No. of Plans -	No. of Plans -
Annual Premiums Collected (2023-24)	Annual Premiums Collected (2023-24) 349.60 Crores.	Annual Premiums Collected (2023-24) 1690.47 crores
Payout Options	Payout Options Lump sum, regular frequencies or a combination of both	Payout Options Lump sum, regular frequencies or a combination of both
Claim ratio	Claim ratio 82.39%	Claim ratio 99.02%
Solvency Ratio	Solvency Ratio 2.2	Solvency Ratio 2.1
Branches	Branches 400+	Branches 109+
Riders Available	Riders Available Long-Term Care Rider, Term Conversion Rider, Premium Waiver Rider, Accident Benefit Rider, Critical Illness Plus Rider	Riders Available Accidental Death Benefit Rider, Accidental Total and Permanent Disability Rider, Critical Illness Rider
Policy Term	Policy Term 10 to 25 years	Policy Term 10 to 62 years

Know More About Companies

Overview

Shri Ram Life Insurance: Overview

Shriram Life Insurance commenced operations in 2006. Synonymous with its efficient use of capital and low operational costs, SLIC has been true to the Group's philosophy of financial inclusion. A JV between Sanlam and Shriram Group, SLIC aims to offer life insurance plans and solutions that cater to a wider demographic. Shriram Life Insurance Company has a strong network of 4050 branches across India. Shriram Life Insurance Company offers a diverse basket of financial products and solutions targeted mainly at the underbanked and unbanked segments of India’s population. The insurers are among the largest financial services conglomerates managing assets worth Rs 2.08 lakh crore (As of December 2023).

Shri Ram Life Insurance ensures to look after your insurance needs by offering:

Financial Stability
Accumulation of assets
Structured Investing

Retirement planning

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 given to your loved ones in case of an accident causing your death. So your loved ones could receive the base sum assured along with the rider's sum assured.
Edelweiss Tokio Accidental Total and Permanent Disability Rider	It can be a difficult task when an accident leaves you with a disability, which impacts your ability to provide consistent income for your family. Under this rider, if you cannot earn for more than six months due to any accidental disability the rider waives off all your premiums but the insurance coverage stays intact.
Edelweiss Tokio Critical Illness Rider	Under this rider, you would be provided a sum assured apart from the base plan sum assured if you are diagnosed with any critical illnesses mentioned in the plan that you bought.

Consult for Personalized Insurance Advice

But how does it work?

Schedule a call with India’s number 1 trusted advisor with a 4.5+ rating on Google. We are not your average insurance agents. Our advisors are experts in their insurance knowledge and will give you the right information at the right time. The service is free of cost! Don’t worry, we won’t spam as we value your time.

Other Life Insurance Companies

Life Insurance
Term Insurance

LIC Of India

Hdfc Life Insurance

Icici Prudential Life Insurance

SBI Life Insurance

Max Life Insurance

TATA AIA Life Insurance

Pnb Metlife India Insurance

Bajaj Allianz Life Insurance

Bandhan Life Insurance

Kotak Mahindra Life Insurance

Canara HSBC Life Insurance

Bharti AXA Life Insurance

Aviva Life Insurance

Indiafirst Life Insurance

Exide Life Insurance

Edelweiss Tokio Life Insurance

Ageas Federal Life Insurance

Future Generali Life Insurance

Birla Sun Life Insurance

Reliance Life Insurance

Pramerica Life Insurance Limited