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Established in 2011, Edelweiss Tokio Life Insurance Company Ltd is a joint venture between Edelweiss Financial Services Ltd, one of India's leading financial services organization and Tokio Marine Holding, Inc., one of the oldest (130 years) and biggest insurance companies. The core value of customer centricity encourages us to be transparent and fair so that the nominee experience a hassle-free settlement of their claim. The claim settlement ratio of individual claims for FY 2016 - 17 is 93.29%.
1 Crore Life Cover
Get 1 Cr Life cover @₹ 15.23*/day
Claim Settlement Ratio
Claim-settlement ratio of 93.29% for year 2016-2017
Grievances Resolved
100.00% Grievances Settled for year 2016-2017
Buy online effective insurance policies that can cater different needs of the buyer and enjoy the benefits of wealth creation & life insurance cover for you & your loved ones. It provides you an opportunity to always maintain your standard of living at an affordable premium.
Edelweiss Tokio Life – Total Secure+
It is a comprehensive online term insurance plan which provides life cover and covers against 35 critical illnesses. It provides comprehensive protection that secures your family and also fulfills your need for critical illness insurance. This online term insurance plan comes with multiple customization options.
Edelweiss Tokio Life – MyLife+
It is an online insurance term plan that covers your life and provides security for your family. It is a great opportunity to secure your family at a very competitive price.
POS Saral Nivesh
A guaranteed endowment life insurance plan that is simple to understand and easy to buy and helps in accumulating wealth for your future financial needs.
Edelweiss Tokio Life – GCAP
It is a guaranteed return plan catering to the need of wealth accumulation. It provides guaranteed accrual additions so that you can maximize the wealth you generate and enjoy the best possible returns.
Edelweiss Tokio Life- Wealth Accumulation Accelerated Cover
An investment-cum-risk protection ULIP with tailor-made solutions to match your wealth accumulation needs along with the facility to switch your accumulated investment from one fund to another at the opportune time.
Edelweiss Tokio Life- Criticare
It is a critical illness plan which covers 17 Critical Illnesses. It provides a lump sum benefit on the diagnosis of a Critical Illness that is predefined in the plan. While you may be having an individual health insurance plan or a health insurance cover provided by your organization, it may not be sufficient.
Term Insurance is a life insurance plan that provides financial coverage to the beneficiary of the insured person for a defined period of time. In the event of the death of term insurance policyholder during the policy term, the beneficiary can claim death benefits from the insurance company.
Edelweiss Tokio Life – Total Secure+
It is a comprehensive online term insurance plan which provides life cover and covers against 35 critical illnesses. It provides comprehensive protection that secures your family and also fulfills your need for critical illness insurance.
Edelweiss Tokio Life – MyLife+
It is an online insurance term plan that covers your life and provides security for your family. It is a great opportunity to secure your family at a very competitive price.
Edelweiss Tokio Life – SimplyProtect
It is a term plan which ensures complete protection for your family in your absence. It also waives off future premiums in case of a disability or a critical illness.
Edelweiss Tokio Life – ProtectionA Term Assurance Plan, which caters to the need of risk coverage. Let your family members realize their dreams, even after you are no longer there to help them.
Edelweiss Tokio Life – Income Replacement
An ideal plan to ensure continuity of monthly income for the family after the death of the breadwinner. The show has to go on irrespective of who runs it. With an Income Replacement Plan, your family need not despair after you're not around to look after them.
Offer multiple avenues to save and to grow your money. These online investment plans help in systematic and disciplined investment ensuring that you and your family achieve your financial goals.
Edelweiss Tokio Life Wealth Plus
It is a one of its kind unit-Linked Life Insurance Plan that meets your investment needs by investing 100% of your premium and further allocating an additional amount to your policy.
Edelweiss Tokio Life – Wealth Ultima
A ULIP that is designed for accumulating your wealth by having an option to pay systematically through monthly or other modes, growing your wealth by capitalizing on multiple choices of STPs and/or funds and utilizing your wealth by opting for SWP.
POS Saral Nivesh
A guaranteed endowment life insurance plan that is simple to understand and easy to buy and helps in accumulating wealth for your future financial needs.
Edelweiss Tokio Life-G Cap
Edelweiss Tokio Life – GCAP is a guaranteed return plan catering to the need of wealth accumulation. It provides guaranteed accrual additions so that you can maximize the wealth you generate and enjoy the best possible returns.
Edelweiss Tokio Life-Smart Lifestyle
A life insurance savings plan that keeps pace with your changing lifestyle. It offers you with increased benefits, protects your family from financial uncertainties and ensures that you are always a step forward from your financial worries.
Edelweiss Tokio Life – Wealth Builder
A wealth enhancement plan that offers you guaranteed maturity and death benefit. It promises upfront benefits with multiple options of policy paying term and policy term to suit your needs.
Edelweiss Tokio Life – Guaranteed Income Plan
A regular pay, endowment assurance plan offering guaranteed tax-free income. With regular payouts, ensure a higher liquidity for a longer period of time at maturity. A super combination of protection and security.
Edelweiss Tokio Life – Wealth Accumulation (Privilege)
An investment-cum-risk protection ULIP with tailor-made solutions to match your wealth accumulation needs along with the facility to switch your accumulated investment from one fund to another at the opportune time.
Edelweiss Tokio Life – Dhan Labh
A guaranteed return, endowment plan that provides higher additional benefit for higher annualized premium. All your life you've worked hard to earn money. With Dhan Labh, see your money working hard for you and reap the benefits that wealth can give you.
Edelweiss Tokio Life – Wealth Enhancement (Ace)
A single pay premium plan for wealth enhancement. Pay premium just once for the policy term & receive a comprehensive cover at maturity.
Edelweiss Tokio Life- Wealth Acculumation Accelerated Cover
An investment-cum-risk protection ULIP with tailor-made solutions to match your wealth accumulation needs along with the facility to switch your accumulated investment from one fund to another at the opportune time.
Edelweiss Tokio Life – Milestones Plan
Milestones plan is an endowment plan with cash back at regular intervals catering to the need of wealth accumulation. Watch yourself cross one personal milestone after another with your money growing consistently.
Edelweiss Tokio Life – Safe n Sure Plan
Ensures growth of your money resulting in a substantial lump sum on maturity. An endowment assurance plan to cater to the need of wealth accumulation. With money back facility, this is an investment for people who wish to remain invested with a reasonable degree of liquidity.
Edelweiss Tokio Life – Single Pay Endowment Assurance PlanA single pay premium plan for wealth enhancement. Pay premium just once for the policy term & receive a comprehensive cover at maturity.
Edelweiss Tokio Life – Wealth Accumulation (Cover Plus)
A ULIP plan; Wealth accumulation(cover plus) helps to accumulate money for important events of life along with a risk cover. In addition to wealth accumulation, the additional risk cover ensures readjustment cushion for the near and dear ones in the rare event of premature death of the Life Assured.
Heath insurance plan is a basic necessity of life. It helps you in getting the required coverage in case of medical emergencies.
It is a critical illness plan which covers 17 Critical Illnesses. It provides a lump sum benefit on the diagnosis of a Critical Illness that is predefined in the plan. While you may be having an individual health insurance plan or a health insurance cover provided by your organization, it may not be sufficient.
Child life insurance is a form of permanent life insurance that insures the life of a minor. It is usually purchased to protect a child future and secure it in advance.
Edelweiss Tokio Life – EduSave
An endowment plan designed to cater to the need of education and marriage funding. Parents have dreams for their children's education & marriage. Turn those dreams into actionable goals and then implementable plans with Edusave.
A retirement is a fund into which a sum of money is added during an employee's employment years, and from which payments are drawn to support the person's retirement from work in the form of periodic payments.
Edelweiss Tokio Life – Immediate Annuity Plan
An immediate pension plan that caters to the need of retirement funding. Make sure that you earn an annual income long after you quit working. A plan in which you pay once and you start getting lifelong pension immediately.
Edelweiss Tokio Life – Cash Flow Protection Plus
An endowment plan that enables you to sustain current standard of living and have a regular tax free flow of income till his/her demise.
Edelweiss Tokio Life – Triple Advantage Plan
An endowment assurance money back plan. With three payouts till maturity; have a relaxed and peaceful retirement.
Edelweiss Tokio Life – Cash Income
A guaranteed plan that first gives you regular, increasing and tax-free income for 20 years & then pays you a lump sum amount twice in the policy.
Edelweiss Tokio Life – Pension Plan
Pension Plan caters to the need of retirement funding and is designed to plan for a financially stable and happy retirement life. If you are one who has grown up seeing your parents enjoy pensions in their old age from the government positions that they held, this plan is suitable for you.
Edelweiss Tokio Life – Easy Pension
Edelweiss Tokio Life – Easy Pension is a unit-linked, retirement solution, suited to meet your needs to plan for a financially stable and happy retirement life.
Group life insurance plans provide protective life cover to groups like borrowers of credit institutions or employees of an organization.
Edelweiss Tokio Life – Group Credit Protection
This is a Term Life Insurance product aimed to provide protection against loan repayment default due to death. Surrender benefit will be available from first year onwards.
Edelweiss Tokio Life – Group employee benefit plan
This group product ensures that your employees’ retirement benefits are well managed with the protection of capital and guaranteed return additions every quarter.
Edelweiss Tokio Life – Pradhan Mantri Jeevan Jyoti Bima Yojana
Edelweiss Tokio Life - Pradhan Mantri Jeevan Jyoti Bima Yojana is a plan designed under the guidelines of Government of India which provides financial protection at an affordable premium of Rs. 330 p.a.
Edelweiss Tokio Life – Group life protection
Offer option to choose between only death benefit and death benefit with a terminal illness. Premium paid by individual member qualifies under 80C deduction as per Income Tax Act 1961.
Edelweiss Tokio Life – Group Wealth Accumulation
This is a non-participating Unit Linked Insurance Plan Intended to provide fund management for various employee benefit Schemes including Gratuity, Leave Encashment which can invest In the funds offered by Edelweiss Tokio Life Insurance Co Ltd. In compliance with IRDA regulations at any point of time.
Micro Insurance looks to aid low-income households by offering insurance plans tailored to their needs and provide protection to individuals who have little savings.
Edelweiss Tokio Life – Raksha Kavach
Edelweiss Tokio Life - Raksha Kavach is a non-linked, non-participating micro term assurance plan. This plan helps you avail your life cover requirements and comes in lower ticket sizes with both single pay and regular pay options.
Edelweiss Tokio Life – Dhan Nivesh Bima Yojana
This plan has been specially designed keeping the needs of the rural customers in mind This is a non-linked non-participating endowment plan.
Life insurance is one of its kind policy that helps you in different stages of life. It provides the required financial assistance at most important levels. It is a helpful policy that allows you to get the coverage and provide great opportunities for savings and investment.
Financial cover against the loss of life: The emotional loss that takes place because of the death of the breadwinner of the family can never be measured in term of money. However, an effective plan can share the financial responsibility of the insured’s family up to an extent. In the case of death of the insured person, the family will be able to deal with the financial crisis easily just because of a life insurance plan. Under the same, you must have the option of choosing your nominee.
Great way of saving
In India, most people buy life insurance as an investment plan. The cause of this is, there are several plans that offer a fixed amount of money in case of death or at maturity. Thus, many people take it as a great tool for saving.
Flexible
If you went through all of the policies by Edelweiss Tokio then you would come to know that there are some policies which are flexible. Under which a person can change the amount of his policy as per the growing needs. Whenever you want to make a few changes in your existing plan, then you can simply do the same by just simply talking to your insurer about it. You should keep in mind that all life insurance plans are not flexible so you must take your decision after checking all terms and conditions of your plan. You should go through your policy document thoroughly.
Sum insured
You sum assured will be set on the basis of your premium and need. Depending on the age of the policyholder, they can easily select the amount that they want to pay on a monthly basis.
Allow to choose beneficiary
Under a life insurance plan, you will be liable to choose your nominee and the entire sum assured amount will be handed to that person whenever is required. With this effective tool, you will be sure that after you, your family would not suffer for basic needs.
Wide range
Under the policy, there is a wide range of plans, you can select the best one for you that can easily go well with your needs.
Maximum timeperiod of upto 80 years minus entry age
Min Sum Assured: Rs 15 Lakhs
Max Sum Assured: No limit subject to underwriting
Specific exclusions: Suicide within the first 12 months
Accidental Death Benefit Rider : In case of death because of an accident, the beneficiary will receive an additional sum insured amount depends upon the chosen rider
Accidental Total and Permanent Disability Rider : The insured will get benefit during the tenure of the policy in the case where he/she become incapacitated as a result of disability
Critical Illness Rider : Critical Illness benefit would be paid in lump sum subject to a survival period of 30 days.
Identity Proof
Age Proof
Income Proof
Address Proof
PAN Number
| Year | 2014-15 | 2015-16 | 2016-17 | 2017-18 |
| Claims ratio | 57.14 | 85.11 | 93.29 | Yet to be published |
1. What is the easiest way to connect with Edelweiss Tokio Life Insurance?
Calling on the toll-free is the easiest and hassle-free mode.
2. Where to connect with the representative of the insurance company?
You can go to the Mumbai office. You can also reach the company online to clear your queries.
3. How can I check the status of policy?
Check the policy status online through the website of the company. You have to punch in the policy number and the policy holder’s date of birth, after that. You can also call them or can even mail as well.
4. How Does someone cancel Edelweiss Tokio Life Insurance policy?
You have to fill a surrender form and submit the same to the nearest branch office along with some cancellation fees. Within a set time frame, your policy will get canceled.
5. How will the refunds be calculated after the cancellation of the policy?
The refund will be calculated on the basis of NAV of the current market price.
Linking Of Aadhaar With Insurance Policy Is Mandatory, Says IRDA
November 13, 2017
On Wednesday, 8th Nov 2017, the Insurance Regulatory And Development Authority Of India (IRDA) said that the linking of Aadhar number with insurance plans is compulsory and asked insurance companies to implement the statutory norms.
“The Authority clarifies that, linkage of Aadhaar number to insurance policies is mandatory under the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017,” the IRDA said.
In the last June, the government of India had informed about the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017, making Aaadhar and PAN/Form 60 compulsory for getting financial services that include insurance also and asked policyholders and companies for linking the existing policies with the same.
In a discussion with all life and general insurance companies, IRDA said the rules have “statutory force” and they have to implement the rule without waiting for the further instructions.
Right now, there are 24 life insurers and 33 general insurance companies operating in the country.
Although, there are no deadlines that have been given by IRDA for the completion of the process, as per the circular, it has to be done as soon as possible. Some insurance companies also said that this can also result in the delay of payout in a few cases. Aadhaar is now also compulsory for financial transactions of Rs 50,000 and above. Likewise, one has to link one’s Aadhaar number with the mobile number latest by February 6, 2018.
Edelweiss Tokio Life To Raise Foreign Stake To 49%
February 01, 2016
Edelweiss Tokio Life Insurance has received permission from regulator Irdai to raise Tokio Marine’s stake to 49 percent in the joint venture, that will lead to an infusion of over Rs 525 crore from the overseas partner.
Edelweiss Tokio Life Insurance is basically a joint venture between Edelweiss Financial Services and Japan’s Tokio Marine Holdings Inc.
“This will be a primary investment by Tokio Marine in the joint venture, at first within the life insurance space. The increase in Tokio Marine’s stake will lead to a foreign direct investment of over Rs 525 crore,” a company statement said.
Currently, Edelweiss Financial Services have a 74 per cent stake whereas Tokio Marine owns 26 percent in the joint venture. “The growing household savings will flow into long-term investments, in turn, fueling economic growth. With a global leader as a partner, new capital infusion and an expanding countrywide distribution network, Edelweiss Tokio Life is well placed to cater to the insurance needs of the Indian consumer”, said Rashesh Shah, Chairman and CEO, Edelweiss Group.
Edelweiss Tokio Life Insurance MD & CEO Deepak Mittal said the improved capitalization will strengthen the company’s promise to construct a high-quality customer-oriented business.
“Our need-based selling approach, superior product design and infrastructure will be further strengthened to serve customers both in the physical and digital platform while significantly easing the distribution process,” he said.
November 30, -0001
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