Edelweiss Tokio Life Insurance
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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 58,145 agents operating in more than 116 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.

Edelweiss Life Insurance with its wide range of life insurance products ensures that all the insurance needs of an individual are fulfilled. The several plans offered by Edelweiss Tokio Life Insurance Company will help you to fulfill all your life goals such as your children's education and marriage, retirement, etc.

Awards and Recognition

Some of the awards and recognition of the company are:

awards
  • Life Insurance Company of the year, 2021 by BFSI Excellence 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.

Why Choose Edelweiss Tokio Life Insurance Company?

Edelweiss Life Insurance company offers products and services that help customers fulfil their future financial goals. The plans are designed to help people take life cover according to their financial needs, which ensures that each rupee invested not only provides a cover but generates wealth over time. Moreover, the company also offers a simple claim process that ensures that customers have a seamless experience, and expert advisors are always available to provide insight, knowledge, and solutions to match products with customers' needs.

Key Features

Today, with a wide range of Insurance providers available in India, choosing the best Life Insurance company can be a hectic task. Choosing your ideal life insurance provider needs thorough research and comparison. There are some important factors that can help you to choose your insurance company like solvency ratio, claim settlement ratio, and annual premium.

In the below section, we will be evaluating Eldewiess Life Insurance company on certain parameters for the financial year 2020-21

Annual Premium (2020-21)1,248.24 Crore
Claim settlement ratio (2020-21)97.01%
Solvency ratio (2020-21)2.20
Total no. of branches116

1 Annual Premium

In the financial year, 2020-21, The company has generated a 1,248.24 crore annual premium in the year 2020-21.

The annual premium of the company showcases the company's overall growth.

2 Claim Settlement Ratio

The Claim Settlement Ratio (CSR) of an insurer is a number that shows us the number of claims settled against the number of claims filed. As per the IRDAI Annual report of 2020-21, the claim settlement ratio of Edelweiss Tokio Life Insurance is 97.01%. For more information, we are presenting its yearly CSR trend from FY 2017-18 to FY 2020-21 in the graph below.

Claim Settlement Ratio of Edelweiss Tokio Life Insurance from 2017-2021

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

***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 2020-21. 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 from FY 2017-18 to FY 2020-21

Solvency Ratio of Edelweiss Tokio Life Insurance Limited

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

Products Offered By Edelweiss Tokio Life Insurance

Tokio Life Insurance offers plans which provide protection to you & your family.The table below lists all the insurance plans offered by the company. Take a look and choose the plan as per your needs & requirements:

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

Edelweiss Life Insurance has a three-step process to file claims:

  • Intimation of Claim: The policyholder or the beneficiary needs to intimate the company about the claim by either logging on to their website or by visiting the nearest branch.
  • Submission of Documents: Depending upon the type of claim, i.e. death claim, critical illness claim, or disability claim, all the necessary documents have to be submitted.
  • Decision on a claim: After examining all the documents, the company will either approve or reject the claim.
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

Edelweiss Tokio Term Life Insurance: 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.

3. How can I check my Edelweiss Tokio Life Insurance Policy Status?

To check your Edelweiss Tokio Life Insurance Policy Status, you need to visit the e-portal available on the official website of Edelweiss Tokio Life Insurance Company.

4. What are the different riders available under Tokio Life Insurance?

The following riders are available to choose from:

  • Group Critical Illness Rider
  • Income Benefit Rider
  • Group Extended Critical Illness Rider
  • Accidental Total and Permanent Disability Rider
  • Accidental Death Benefit Rider
  • Payor Waiver Benefit Rider
  • Hospital Cash Benefit Rider
  • Critical Illness Rider
  • Waiver of Premium Rider

5. Can I know the status of the funds in which my Edelweiss Life Insurance ULIP has been invested?

You can easily obtain the Fund Statement by visiting Edelweiss Tokio's customer service station on their website. To access your statement, you will need to enter your mobile number, email ID, your policy number, and date of birth.

6. How can I renew my Edelweiss Life Insurance Policy?

The company allows the policyholder to renew their policy either online or offline.

To renew your policy online, use auto direct debit options, which may be accessed online by using your user ID and password. For the offline procedure, you can visit any of the branch offices or call customer service to inquire about the renewal procedure.

Find Out What Customers Are Saying

(Showing latest 5 reviews only)

- 4.8/5 (5 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 April, 2022

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