Edelweiss Tokio Life Insurance

Edelweiss Tokio Life Insurance is a joint venture between Edelweiss Financial Services, India's leading diversified financial services companies, and Tokio Marine Holdings Inc., one of the largest Japanese insurance companies. Edelweiss Tokio brings together the values of both these companies to provide customer-centric and value-based services to people all across India. Its products are designed to benefit all the sections of the society and they provide all-round life cover to help people realize their dreams without worrying about unfortunate events. The company has over 49,000 agents operating in 121 branches, across 93 locations in India.

Plans Offered By Edelweiss Tokio Life Insurance

**Last Updated on 04-12-2020

1. Edelweiss Tokio Term Insurance Plans

i) Edelweiss Tokio Life - Zindagi Plus

Edelweiss Tokio Life - Zindagi Plus is an individual, non-linked and non-participating pure risk premium life insurance product that provides life cover to the insured and his/her spouse with a host of additional benefits.

Features:

• To meet one's growing financial needs, the policyholder can increase the life cover systematically year after year through the top-up benefit.
• On survival of 30 days post the first diagnosis of the life insured suffering from any one of the 35 Insured Critical Illness conditions during the policy term, all future premiums will be waived and the benefits of the policy will continue.
• The plan lets you choose from two plan options based on the sum assured requirements you may have.

Eligibility:

**Last Updated on 04-12-2020

ii) Edelweiss Tokio Life - My Term+

Edelweiss Tokio Life - My Term+ is an individual, non-linked and non-participating pure risk premium life insurance product that provides life insurance cover to you and your spouse with an added benefit of a limited premium payment term.

Features:

• The plan provides a life cover to the insured and an additional life cover to the spouse through the better-half benefit option.
• If the policyholder is diagnosed with a critical illness, or in case of total and permanent disability due to accident, then the policyholder can stop paying future premiums through the premium waiver rider.
• The plan also provides three death benefit payout options - Lump sum, Monthly Income, and Combination of the first two.

Eligibility:

**Last Updated on 04-12-2020

iii) Edelweiss Tokio Life - Simply Protect

Edelweiss Tokio Life - Simply Protect is a term insurance plan that protects the family of the insured in case of his/her unfortunate death. The plan comes with 4 options that the policyholder can choose from:

• Life Cover
• Life Cover with Accidental death benefit
• Life Cover with Waiver of Premium on Disability
• Life Cover with Waiver of Premium on Critical Illness

Features:

• On the diagnosis of a critical illness or disability due to an accident, all future premiums are waived off.
• There are two death benefit payouts (lump sum and monthly income option), where 1% of the sum assured will be paid monthly for the next 130 months.
• The plan offers you a discount when you opt for a higher sum assured. The higher your cover, the greater the discounts.

Eligibility:

**Last Updated on 04-12-2020

iv) Edelweiss Tokio Life - Protection

Edelweiss Tokio Life - Protection is a risk cover term insurance plan that provides financial protection to the insured's family in case of his/her unfortunate death.

Features:

• The plan provides flexibility to pay a premium for a limited-term, and reap benefits in the form of a risk cover for an extended period of time.
• The nominee gets the sum assured in case of the unfortunate death of the insured.
• The policyholder can avail tax benefits under the Income Tax Act, 1961.

Eligibility:

**Last Updated on 04-12-2020

2. Edelweiss Tokio Investment Plans

i) Edelweiss Tokio Life - Wealth Secure+

TokioEdelweiss Life - Wealth Secure+ is a unit-linked, non-participating and individual life insurance plan that provides a life cover to the insured, with an option to generate wealth from investing the premium in well-performing funds.

Features:

• The plan has the following three variants to choose from: Individual option, where the insured is covered. Joint Life option, where the spouse of the insured is covered too. Child option, where the policy continues after the insured's demise and the child receives the benefits of the policy.
• The policy is affordable with premiums starting from Rs. 1,000 per month.
• The policyholder has the option to park his premium in any of the two strategies: Life stage & duration based strategy and Self-managed strategy.

Eligibility:

**Last Updated on 04-12-2020

ii) Edelweiss Tokio Life - GCAP

Edelweiss Tokio Life - GCAP is an individual, non-linked and non-participating savings life insurance product that offers life insurance with the benefit of earning guaranteed returns on maturity.

Features:

• The plan offers guaranteed accrual additions from the 9th policy year and provides protection against 12 critical illnesses as well.
• The insured can also avail loan up to 90% of the surrender value under this policy.

Eligibility:

**Last Updated on 04-12-2020

iii) Edelweiss Tokio Life - Income Builder

Edelweiss Tokio Life - Income Builder is an individual, non-linked and non-participating savings life insurance product that provides a tax-free regular income to the insured and his/her family.

Features:

The plan offers two maturity benefit options:

• Regular income option, where a regular income will be paid in chosen instalments during the payout period.
• Regular Income plus Lump Sum, where after the regular income a lump sum amount is paid.

The insured also gets two plan options:

• Base plan, where the maturity benefit is paid at the end of the policy period and a life insurance cover is provided.
• Secured Income, where the family of the deceased will get regular income in the form of payouts and all other future premiums will be waived after the death of the insured, or if he is diagnosed with a critical illness.

Eligibility:

**Last Updated on 04-12-2020

iv) Edelweiss Tokio Life - Wealth Gain+

Edelweiss Tokio Life - Wealth Gain+ a unit-linked, a non-participating and individual life insurance product that provides a double benefit of insurance cover and wealth accumulation.

Features:

• The plan allows the insured to invest 100% of the premium in the funds of his/her choice, which has zero premium allocation and zero policy administration charges.
• On survival till maturity date, the total Mortality Charges deducted during the Policy Term will be added to the fund value at the maturity date.

Eligibility:

**Last Updated on 04-12-2020

v) Edelweiss Tokio Life - Smart Lifestyle

Edelweiss Tokio Life - Smart Lifestyle is an individual, non-linked, participating and savings life insurance product that provides a life insurance cover along with the option to receive guaranteed income through loyalty additions and other benefits.

Features

• The unique feature of the plan is that the sum assured increases every 5 years, without any change in the premium amount, and all the additions and bonuses are calculated on these revised amounts.
• The plan offers two benefits: Base option, which provides basic life insurance cover along with the option of wealth generation. Family protection option, where after the unfortunate death of the insured, a lump sum is paid to the family and the full benefits of the policy are provided to the family and all future premiums are waived off.

Eligibility:

**Last Updated on 04-12-2020

vi) Edelweiss Tokio Life - Dhan Labh

Edelweiss Tokio Life - Dhan Labh is a wealth accumulation endowment plan that provides an insurance cover with guaranteed returns to ensure that the insured and his/her family are financially well-cared for.

Features:

• The plan provides a death benefit and accrued additions on maturity.
• If the insured survives the policy term, (s)he gets the sum assured, thus helping him/her make the best use of the invested funds.
• The insured can also avail tax benefits under Section 80C of the Income Tax Act, 1961.

Eligibility:

**Last Updated on 04-12-2020

vii) Edelweiss Tokio Life - Wealth Plus

Edelweiss Tokio Life - Wealth Plus is a unit-linked, non-participating and individual life insurance product that provides life cover to the insured and generates wealth by investing 100% of his/her premium in high-value funds.

Features:

• Wealth accumulation is accelerated by allocating additional funds every year until the end of the policy year.
• The policy also offers Rising Star Benefit, which means that after the death of the insured, the death benefit is paid and all future premiums are waived off, and the policy continues for the child's benefit.
• Based on your risk profile and investment strategy, the insured has two options to choose from, Life stage & duration based strategy, and Self-managed strategy.

Eligibility:

**Last Updated on 04-12-2020

viii) Edelweiss Tokio Life - POS Saral Nivesh

Edelweiss Tokio Life - POS Saral Nivesh is an individual, non-linked, non-participating and savings life insurance product, which provides basic life insurance cover at an affordable premium.

Features:

• The policy comes in with a guaranteed maturity benefit and a death benefit at affordable premiums.
• The policyholder can avail loans up to 70% of the surrender value and get income tax benefits on the premiums that he pays.

Eligibility:

**Last Updated on 04-12-2020

ix) Edelweiss Tokio Life - Wealth Ultima

Edelweiss Tokio Life - Wealth Ultima is a unit-linked, non-participating and individual life insurance product that provides a life cover along with an investment plan that provides wealth generation by investing your hard-earned money in a systematic manner.

Features:

The plan provides the benefits with the combination of:

• SMP: Systematic Monthly Plan, where you pay your premiums monthly to provide affordability and it saves you from the volatility of the market.
• STP: Systematic Transfer Plan, which helps you manage the asset allocation by either the life stage & duration based STP or the profit-based STP.
• SWP: Systematic Withdrawal Plan, which allows you to withdraw your money in a systematic manner from your fund value.

The plan also offers the three types of additions:

• Guaranteed additions, that adds a guaranteed amount (0.25% of the fund value) every year from the end of the sixth year of the policy.
• Loyalty additions, which are added (0.15% of the fund value) every year from the end of the sixth year of the policy.
• Booster additions, starting from the end of the 10th policy year.
• In case of the unfortunate demise of the Policyholder, the policy shall continue and the child receives the Policy benefits as planned under the Little Champ Benefit

Eligibility:

**Last Updated on 04-12-2020

x) Edelweiss Tokio Life - Single Pay Endowment Assurance Plan

Edelweiss Tokio Life - Single Pay Endowment Assurance Plan an individual, non-linked, non-par and savings life insurance product that provides a comprehensive cover with a single premium payment option.

Features:

• The life insurance cover is 1.25 to 10 times of the amount of the chosen premium, thus providing flexibility and affordability.
• The insured can also avail loan on the policy, and reap tax benefit on the premium paid.

Eligibility:

**Last Updated on 04-12-2020

xi) Edelweiss Tokio Life - Active Income Plan

The plan provides regular income to you and your family. It provides life insurance cover to protect your family from any financial loss in case of an untimely death.

Features:

• The plan offers protection and tax-free income until age 99.
• The plan allows you to get a loan against the Guaranteed Maturity Benefit for an unforeseen need.

Eligibility:

**Last Updated on 04-12-2020

3. Edelweiss Tokio Retirement Plans

i) Edelweiss Tokio Life - CashFlow Protection Plus

Edelweiss Tokio Life - CashFlow Protection Plus is an individual, non-linked, and savings life insurance product that provides life cover till 100 years of age, giving benefits even after the premium payment term has ended.

Features:

The plan offers the following three benefits along with the comprehensive cover:

• Reversionary Bonus (RB), which will accrue from the first policy year based upon the performance of the fund.
• Money Back, where a benefit equal to 5.5% of the sum assured will be paid annually.
• Cash Bonus (CB), which will be paid annually after the premium payment term till the maturity, based on the performance of the par fund.

Eligibility:

**Last Updated on 04-12-2020

ii) Edelweiss Tokio Life - Immediate Annuity Plan

Edelweiss Tokio Life - Immediate Annuity Plan is an individual, non-linked and non-participating pure risk premium general annuity product that provides guaranteed annuity benefit after retirement.

Features:

• The plan offers eight different annuity options to choose from, based on which the survival benefit and death benefit are paid out:

• Life Annuity with Return of Purchase Price (ROP)
• Life Annuity
• Life Annuity Certain for 5, 10, 15, 20 Years
• Life Annuity Increasing at a Simple Rate of 3.0% per annum
• Life Annuity Increasing at a Simple Rate of 5.0% per annum
• Joint Life, Last Survivor
• Joint Life, Last Survivor with 50% annuity
• Joint Life, Last Survivor with Return of Purchase Price on Last Death

Eligibility:

**Last Updated on 04-12-2020

iii) Edelweiss Tokio Life - Easy Pension

Edelweiss Tokio Life - Easy Pension a unit-linked retirement solution provides regular income after retirement with ULIP benefits. The solution offers you an option to get a part of your fund value as lump sum amount at your chosen retirement age.

Features:

• The plan provides regular income to help secure the financial needs of the insured and his/her family.
• Apart from the death benefit, the plan also offers the following options once the insured reaches the vesting age: Option to commute the extent allowed under the Income Tax Act and utilize the amount to purchase an immediate annuity from the same insurer.

Eligibility:

**Last Updated on 04-12-2020

4. Edelweiss Tokio Health Plan

i) Edelweiss Tokio Life- CritiCare+

Edelweiss Tokio Life-CritiCare+ is a critical illness plan that provides protection from 17 critical illnesses and provides a lump sum benefit on the diagnosis of any listed disease.

Features:

• The plan offers a multi claim option that provides cover for up to 3 claims on the diagnosis of different diseases.
• Under the multi claim option, all the future premiums are waived after the first claim, so that the insured can concentrate fully on his/her recovery.

Eligibility:

**Last Updated on 04-12-2020

5. Edelweiss Tokio Group Insurance Plans 

i) Edelweiss Tokio Life - Group Credit Protection

Edelweiss Tokio Life - Group Credit Protection is a group, non-linked and non-participating pure risk premium life credit insurance product that provides cover in case of the non-payment of the loan resulting out of the death of the policyholder.

Features:

• The plan provides cover against all types of loans, such as personal, home, car, agriculture, credit card, education, etc.
• Cover available during the moratorium period (only principle).

Eligibility:

**Last Updated on 04-12-2020

ii) Edelweiss Tokio Life - Pradhan Mantri Jeevan Jyoti Bima Yojana

Edelweiss Tokio Life - Pradhan Mantri Jeevan Jyoti Bima Yojana is a plan structured under the guidelines given by the Government of India. It has been designed for the economically weaker section of the society, who cannot afford to pay higher premiums. The plan is designed to provide security to the family in the event of the unfortunate death of the policyholder.

Features:

• No medical check-up or assessment needed to avail the policy.
• The annual premium is Rs. 330, thus making it an affordable initiative of the government to help people purchase an affordable life cover and thus ensure their financial security.

Eligibility:

**Last Updated on 04-12-2020

iii) Edelweiss Tokio Life - Group Life Protection

Edelweiss Tokio Life - Group Life Protection is a group, non-linked and non-participating life pure risk premium one-year renewable insurance product that provides life cover to the members of the group and their families.

Features:

• The plan offers two options: Death Benefit option, in which the sum assured will be paid in case of the unfortunate death of the insured and, Death Benefit with a terminal illness, where there is an additional benefit (the sum assured is paid if the insured is diagnosed with a terminal illness).
• No medical tests.
• Apart from this, the insured can enhance the cover by using riders at nominal additional costs.

Eligibility:

**Last Updated on 04-12-2020

iv) Edelweiss Tokio Life - Group Total Secure

Edelweiss Tokio Life - Group Total Secure is a non-linked and non-participating group credit life insurance plan that provides complete coverage against death, illness, and disability to the members of the group.

Features:

• The plan offers flexibility to choose from two different options: Life cover, which provides basic life covers. Life cover with a terminal illness, which provides life cover and a cover if the insured gets diagnosed with a terminal illness.
• The plan also offers two types of coverage: Level Sum Assured, where the amount will remain level throughout the policy term. Decreasing Sum Assured, where the amount of sum assured decreases over time as per the benefit schedule.

Eligibility:

**Last Updated on 04-12-2020

v) Edelweiss Tokio Life - Group Wealth Accumulation

Edelweiss Tokio Life - Group Wealth Accumulation is a non-participating unit-linked group product that is designed for employers to create funds to provide various benefit schemes like gratuity, leave encashment, etc. to their employees.

Features:

• The plan provides a term insurance cover of Rs. 1,000 for each member of the group, which is payable by the company on employees' death.
• The plan also offers guaranteed loyalty additions that get accrued after each policy year.
• The policyholder has the option to choose from multiple funds and investment strategies that suits his/her financial needs and risk-taking abilities.

Eligibility:

**Last Updated on 04-12-2020

vi) Edelweiss Tokio Life Group Employee Benefit Plus

Edelweiss Tokio Life Group Employee Benefit Plus provides wealth accumulation solutions to employers for meeting the funding requirements of various employee benefit schemes, where the scheme only maintains a consolidated fund, such as Gratuity and Leave Encashment schemes.

Features:

• On account of the unfortunate demise of members, the benefits are paid with a fixed sum assured of Rs. 5000.
• If the policyholder retires/resigns from the services, the benefit will be paid from the respective policy account in accordance with the scheme rules.
•  A non-zero positive interest rate, subject to a minimum of 0.5% p.a., shall be declared within 15 days at the beginning of the quarter.

Eligibility:

**Last Updated on 04-12-2020

6. Edelweiss Tokio Micro Insurance Plans

i) Edelweiss Tokio Life - Jan Suraksha

Edelweiss Tokio Life - Jan Suraksha is a non-linked and non-participating group credit life micro-insurance plan that provides a basic life cover to the members or customers of micro-finance institutions such as District Co-operative Banks, Regional Rural Banks, Self Help Groups, NGO's, etc.

Features:

• The policyholder has the flexibility to choose the coverage type from:
  The level sum assured or decreasing sum assured.
• The plan can be taken on a Single Life or Joint Life basis.

Eligibility:

**Last Updated on 04-12-2020

ii) Edelweiss Tokio Life - Raksha Kavach

Edelweiss Tokio Life - Raksha Kavach a non-linked and non-participating micro term assurance plan that is designed as a low premium plan for members living in rural India.

Features:

• The plan offers flexibility by allowing members to pay through single pay or regular pay options.
• The premiums are kept low so that members can afford and ensure financial protection for their families.

Eligibility:

**Last Updated on 04-12-2020

Why Should You Buy Edelweiss Tokio Life Insurance?

Edelweiss Tokio Life Insurance offers products and services that help customers fulfil their financial needs. The plans and policies 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. Its simple claim process 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.

Why is PolicyX.com The Best Platform To Buy Edelweiss Tokio Life Insurance?

If you are a customer that needs a platform to easily search, compare, and purchase the right policy for your financial needs, then PolicyX.com is the best choice for you. As an IRDA approved insurance portal, PolicyX.com is the one-stop-shop portal that lets you choose the right kind of insurance policy. Why do we say so?

Seamless Online Experience: Our website is designed to provide you with a hassle-free experience in searching for insurance companies and premium quotes with the least number of clicks. You get all the results on one page, and you are able to compare and analyze benefits in a matter of seconds.

Safety and Security: While you are on our website, your security and safety is our topmost concern. Our platform is SSL secured, which means that all the private credentials that you enter are kept secured. We pride in the trust of our valued customers and do our best to ensure that confidentiality is maintained to the highest level.

Content Clarity and Accuracy: Our platform is adorned with articles that keep you informed on all the plans that we have. Our content is created by experts and careful consideration is given to accuracy, brevity, and clarity.

How To File a Claim For Edelweiss Tokio Life Insurance?

Edelweiss Tokio 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 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.

Edelweiss Life Insurance Company Updates

A New Life Insurance Policy Has Come In the Market- Covid Shield+

Edelweiss Tokio has stepped up its game and come up with Covid Shield+, a cost-effective individual life insurance policy that provides financial aid at the time of COVID-related emergency. The plan targets those people whose protection needs have increased during the COVID pandemic. With 1-year tenure, the policy provides term cover, and there is no need for the medical examination to buy the policy.

Covid Shield+ starts at a premium rate of Rs.5329 and grants critical illness benefit (minimum Rs.10 lakhs) post 24 hours HDU/ICU hospitalization, thanks to COVID. If and when diagnosed with COVID, the policy also offers Rs.25 lakhs sum assured as minimum enhanced term cover. Individuals between 18-65 years can purchase this policy from Edelweiss Tokio’s website or a third-party (representing the company).