Edelweiss Tokio Life Insurance

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About Edelweiss Tokio Life Insurance

Edelweiss Tokio Life Insurance is a subsidiary of Edelweiss Group and It was incorporated in the year 2011. It is a joint venture between Edelweiss financial service limited (India's leading and one of the most diversified financial service companies) and Tokio Marine Holdings Inc. (one of the oldest and largest insurance companies in Japan). The company has more than 55,000 agents operating in more than 115 branches, across 93 locations in India. Edelweiss Tokio Life Insurance Company offers a wide range of protection plans to help you in your time of need through options of both critical illnesses and life cover.

Awards and Recognition

Some of the awards and recognition of the company are:

awards
  • The company has won "Asia's Best Insurance Company award" for the Digital Sales Channel at Insurance Altertss Awards 2020.
  • The company has won "Best Innovation in Customer Service" at 25th BFSI Tech Innovation Forum, organized by Alden Global & NASSCOM - COE.
  • The company has won "Product Innovation Company of the Year" for Wealth Secure+ at India Insurance Summit & Awards 2020.
  • The company has won the Gold award for "Digital Marketing - Successful Use of CSR Activity" for the Organ Donation campaign at ACEF Global Customer Engagement Awards 2020.
  • The company has won "Best Life Insurer" at Outlook Money Awards 2016.

Key Features

Today there is a wide range of insurance providers in India but to find the best company or the best life insurance provider, we should conduct some research about the insurer, plans, and their respective benefits. There are some important factors that can help you to choose your insurance company i.e. solvency ratio, claim settlement ratio, and market share.

In the table below, We are showing some of the important figures about the company performance in the year 2019-20.

Annual Premium (2019-20)383.13
Claim settlement ratio (2019-20)83.38%
Solvency ratio2.20
Total no. of branches116

1 Annual Premium

In the financial year, 2019-20, The company has generated a 383.13 crore annual premium in the year 2019-20.

We are presenting to you the annual premium numbers generated by Edelweiss Tokio Life Insurance over the past few years.

Annual Premium of Edelweiss Tokio Life Insurance form 2016-2020

Annual Premium of Edelweiss Tokio Life Insurance form 2016-2020

***Data has been sourced from IRDAI Annual Report

2 Claim Settlement Ratio

Claim Settlement Ratio (CSR) of an insurer is a number that shows us the number of claims settled against the number of claims filed. For more information, we are presenting its yearly CSR trend from FY 2016-17 to FY 2019-20 in the graph below.

Claim Settlement Ratio of Edelweiss Tokio Life Insurance from 2016-2020

Claim Settlement Ratio of Edelweiss Tokio Life Insurance from 2016-2020

***Data has been sourced from IRDAI Annual Report

Edelweiss Tokio Life Insurance & other top Insurance Companies (based on CSR)

Edelweiss Tokio Life Insurance & other top Insurance Companies (based on CSR)

***Data has been sourced from IRDAI Annual Report

3 Solvency Ratio

The solvency ratio depicts the financial soundness of the company. The solvency ratio of an insurer is the size of its capital relative to all risks it has taken. In India, the IRDAI has mandated every insurer to maintain a solvency ratio of at least 1.5.

It has a solvency ratio of 2.2 in the year 2019-20. In the Below graph, we are presenting the solvency ratio of the Edelweiss Tokio Life Insurance for the past few years.

Solvency Ratio of Edelweiss Tokio Life Insurance Limited

Solvency Ratio of Edelweiss Tokio Life Insurance Limited

***Data has been sourced from IRDAI's annual report

Products Offered By Edelweiss Tokio Life Insurance

The company offers plans which provide protection to you & your family.

The table below lists all the insurance plans offered by the company

ProductNames of the Plans
Edelweiss Tokio Life Insurance PlansEdelweiss Tokio Life - Zindagi Plus
Edelweiss Tokio Life - GCAP
Edelweiss Tokio Life - Wealth Secure+
Edelweiss Tokio ULIP PlansEdelweiss Tokio Life - Wealth Secure+
Edelweiss Tokio Life - Wealth Gain+
Edelweiss Tokio Life - Wealth Plus
Edelweiss Tokio Child PlansEdelweiss Tokio Life - Income Builder
Edelweiss Tokio Life - Wealth Plus
Edelweiss Tokio Life - POS Saral Nivesh
Edelweiss Tokio Life - Wealth Ultima
Edelweiss Tokio Life - Criticare+
Edelweiss Tokio Life - Wealth Secure+
Edelweiss Tokio Life - Wealth Gain+
Edelweiss Tokio Life - Active Income Plan
Edelweiss Tokio Retirement PlansEdelweiss Tokio Life - Wealth Secure+
Edelweiss Tokio Life - Immediate Annuity Plan
Edelweiss Tokio Life - Wealth Plus
Edelweiss Tokio Life - Wealth Ultima
Edelweiss Tokio Life - Active Income Plan
Edelweiss Tokio Life - Income Builder
Edelweiss Tokio Life - Criticare+
Edelweiss Tokio Life - GCAP
Edelweiss Tokio Term Life Insurance PlanEdelweiss Tokio Life - Zindagi Plus
Edelweiss Tokio Life Saral Jeevan Bima
Edelweiss Tokio Corvid Insurance PlanEdelweiss Tokio Life - Zindagi Plus
Edelweiss Tokio Life Saral Jeevan Bima
Edelweiss Tokio Micro Insurance PlansEdelweiss Tokio Life - Zindagi Plus
Edelweiss Tokio Life Saral Jeevan Bima
Edelweiss Tokio NRI InsuranceEdelweiss Tokio Life - Wealth Secure+
Edelweiss Tokio Life - Wealth Gain+
Edelweiss Tokio Life - Wealth Plus
Edelweiss Tokio Saving and Investment PlanEdelweiss Tokio Life - Wealth Secure+
Edelweiss Tokio Life - Wealth Gain+
Edelweiss Tokio Life - Wealth Plus
Edelweiss Tokio Life - Wealth Ultima
Edelweiss Tokio Group InsuranceEdelweiss Tokio Life - Wealth Secure+
Edelweiss Tokio Life - Wealth Gain+
Edelweiss Tokio Life - Wealth Plus

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How To Buy Edelweiss Tokio Term Life Insurance Plans?

You can buy Edelweiss Tokio Term Life Insurance Plan in two different ways i.e. via the official website of Edelweiss Tokio Life Insurance or you can visit the nearest branch of the company.

Buy From Edelweiss Tokio Official Website

  • Visit the official website and choose your plan.
  • Determine your life cover.
  • Calculate your premium on various factors such as annual income, age, health condition, the amount and tenure of insurance coverage, and whether you are a smoker/non-smoker.
  • Make payment via various payment modes (credit card, debit card, net banking, online wallet) on a monthly, half-yearly, or yearly basis.
  • Fill the proposal form with all your correct information.
  • Submit all the required documents for KYC such as proof of name, address, identification, photo, and income proof.

If you don't wish to buy online, you can visit the nearest branch of the company for a health insurance purchase.

Claim Process

Claim Process PNB MetLife

Reach out to the company via online and offline mediums.

Submit all the required documents to the company for a smooth process.

Once the required documents have been submitted, the company will review all the documents and get back to the customer as soon as possible.

Note:- Customer has to submit some additional documents that can be downloaded from the company website at https://www.edelweisstokio.in/claim/intimation.

Required Documents

  • Original Policy Document
  • Claimant Photo Identity & Address Proof
  • Claimant Statement Death
  • Photocopy Of Death Certificate
  • Photocopy Of Cause Of Death Certificate
  • Medical Records On The Life Assured Being Hospitalized (Indoor Case Papers, Discharge/Death Summary, Test Reports Etc)
  • Hospital Certificate (If The Assured Was Hospitalized)
  • Employer Certificate For Salaried Policyholder
  • Treating Doctor Certificate
  • Post Mortem Report (If Conducted)
  • First Investigation Report/ Police Report/ Panchnama / Inquest Report (If Case Filed With Police)
  • Copy Of Driving License (If Assured Was Driving The Vehicle)

Contact Details

Email ID: care[at]edelweisstokio[dot]in.

Toll-Free No: 1800 212 1212.

Note: If anybody wants to reach the company's branch then you can go to this link https://www.edelweisstokio.in/contact-us and can search it based on State, City, and Area

FAQs

1. Within what time can I expect the claim to be processed?

All the genuine claims will settle within the 24hrs of submission.

2. How will I know the status of my claim?

To know the status, the customer can contact the toll-free number i.e. 1-800-2121-212, or can email us at claims@edelweisstokio.in.

Find Out What Customers Are Saying

(Showing latest 5 reviews only)

- 4.8/5 (4 Total Rating)

September 20, 2021

Sonam Kumari

Agra

I am fully happy and satisfied with the service given to me by Edelweiss Tokio Life Insurance. Well done guys. Keep it up.

Last updated on August, 2021

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