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Edelweiss Tokio vs Axis Max Term Insurance

Edelweiss Tokio

Edelweiss Term Insurance is one of the best insurance company with 120+ branches and over 5000 employees working under the company.

Axis Max Term Insurance

A joint venture between Axis Bank and Max Financial Services Limited, it is one of the leading insurance providers offering various insurance instruments to their customers.

COMPANY DETAILS

Edelweiss Tokio

Axis Max Term Insurance

Rating	Rating 4.6	Rating 4.6
Number of term insurance plans and add-ons	No. of Plans 2	No. of Plans 4
Annual Premiums Collected (2023-24)	Annual Premiums Collected (2023-24) 690.47 crore	Annual Premiums Collected (2023-24) 29528.97 Cr
Payout Options	Payout Options -	Payout Options Lump sum, monthly/quarterly/half-yearly/yearly or a combination of both
Claim ratio	Payout Options 99.2%	Payout Options 99.70%
Solvency Ratio	Solvency Ratio 2.1	Solvency Ratio 1.8
Pan India Presence	Pan India Presence 109 branch offices	Pan India Presence 304
Riders Available	Riders Available Accidental Death Benefit Rider, Accidental Total and Permanent Disability Rider, Critical Illness Rider	Riders Available Waiver of Premium, Comprehensive Accident Benefit Rider,Terminal Illness Rider, Total and Permanent Disability Cover, Critical Illness and Disability Rider
Policy Term	Policy Term 10 to 40 years	Policy Term 10 to 67 years

Know More About Companies

Overview

Edelweiss Tokio Term Insurance: Overview

Edelweiss Life Insurance started as a general insurance provider in 2011. Currently, more than 120 branches operate in every major city, and over 5000 employees are working under the company. As a responsible family member, you would always be concerned about what happens to your family after your death. Edelweiss Life’s term plans are the perfect solution to this concern.

It offers vast categories of term plans such as level term plans, increasing term plans, term plans with optional riders, and term plans with a return of premium to cater to the needs of every customer.

What are some of the
Benefits
that set them apart?

Best Customer Experience
Affordable Premiums
Hassle-free Claim Process
Tax Benefits

Enhanced Protection with Riders
Death benefits for Your Loved Ones
Special Premium Rates for Non-Smokers

Riders

Riders You Can Avail With Edelweiss Tokio Term 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.

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Edelweiss Tokio Term Insurance

Explore India’s best-selling Term insurance plans below

Edelweiss Term Insurance is one of the best insurance company with 120+ branches and over 5000 employees working under the company.

Edelweiss Life Total Protect Plus

Edelweiss Life Total Protect Plus is a pure protection plan that comes with 3 plan options such as Life Cover Option, Return of Premium Option, and Li...

Unique Features

Covers up to age 100
Child’s Future Protect
Hospital Cash Benefit

Edelweiss Life Total Protect Plus (Pros)

Return of premium
Life long benefit option
Choice of policy term

Edelweiss Life Total Protect Plus (Cons)

No survival benefits
No policy loan
No death benefits in case of suicide during first year

Edelweiss Life Total Protect Plus (Other Benefits)

Spouse cover
Child protection cover
Enhanced riders

Edelweiss Life Total Protect Plus (Eligibility Criteria)

Entry Age- 18 years
Max Entry Age- 65 years
Minimum sum assured- Rs 25 lakhs
Maximum maturity age- 100 years
Premium payment term- 5 to 20 years

Edelweiss Life Zindagi Protect

The Edelweiss Life Zindagi Protect is a pure-term insurance plan that provides financial support to your dependents in return for the premium you have...

Unique Features

6% Discount on Premiums
Child Future Protect Benefit
Premium Break Benefit

Edelweiss Life Zindagi Protect (Pros)

Premium Break Benefit
Child’s Future Protect Benefit
Better Half Benefit

Edelweiss Life Zindagi Protect (Cons)

No policy loan
No survival benefit
No death benefits in case of policyholder& 039;s death due to suicide.

Edelweiss Life Zindagi Protect (Other Benefits)

Whole Life Cover
Return of Premium Option
Multiple Death Benefits Payout

Edelweiss Life Zindagi Protect (Eligibility Criteria)

Entry Age- 18 years
Max Entry Age- 65 years
Minimum sum assured- Rs 25 lakhs
Maximum maturity age- 100 years
PPT- Regular/ Limited

Axis Max Life Term Insurance

Explore India’s best-selling Term insurance plans below

A joint venture between Axis Bank and Max Financial Services Limited, it is one of the leading insurance providers offering various insurance instruments to their customers.

Axis Max Life Premium Return Protection

Axis Max Life Premium Return Protection Plan is a simple term insurance plan that offers coverage along with a 'Return of Premium' benefit. The plan o...

Unique Features

Return of Premium Plan
Flexible-Premium Payment Term
1 Crore Max Sum Assured

Axis Max Life Premium Return Protection (Pros)

Terminal Illness Benefit
Smart Exit Benefit
Acceleration Death Benefit

Axis Max Life Premium Return Protection (Cons)

1 Year WP for Suicide
No Policy Loans
No Pre-existing Conditions

Axis Max Life Premium Return Protection (Other Benefits)

Death Benefit in Instalments
RP
WOP & 3 Riders
Additional Cover for Spouse

Axis Max Life Premium Return Protection (Eligibility Criteria)

Entry Age - 18 Years
Max Entry Age - 84 years
Minimum Sum Assured - Adaptable
Maximum Maturity Age - 85 years
Premium Payment Term - RP/SP/LP

Axis Max Life Smart Total Elite Protection

Have you ever heard of a term plan that gives you a 12-month grace period before paying your next premium? Axis Max Life Smart Total Elite Protection ...

Unique Features

Cover continuous benefit
Terminal illness cover
Early exit benefit

Axis Max Life Smart Total Elite Protection (Pros)

Special Exit Value
Accident Cover
Terminal Illness Cover

Axis Max Life Smart Total Elite Protection (Cons)

1 year WP for suicide
No policy loan
No pre-existing illness cover

Axis Max Life Smart Total Elite Protection (Other Benefits)

Cover continuance benefit
Insta payment
Choose policy term

Axis Max Life Smart Total Elite Protection (Eligibility Criteria)

Entry age - 18 years
Max entry age - 65 years
Min sum assured - 1
Max maturity age - 85 years
PPT - RP/SP/LP

Axis Max Life Smart Secure Plus Plan

Axis Max Life Smart Secure plan is a non-linked, non-participating, individual pure risk premium life insurance plan that is specifically designed to ...

Unique Features

100% return of premium
Loyalty Discount of 5%
Increase your Sum Assured

Axis Max Life Smart Secure Plus Plan (Pros)

Income Protector
Rider Options
Premium Return (ROP)

Axis Max Life Smart Secure Plus Plan (Cons)

Limited Maturity Benefit
Plan Complexity
No Loan Benefit

Axis Max Life Smart Secure Plus Plan (Other Benefits)

Enhance Cover at Milestones
Accelerated Critical Illness Benefit
Accident Cover

Axis Max Life Smart Secure Plus Plan (Eligibility Criteria)

Entry Age - 18 Years
Max Entry Age - 60 years
Minimum Sum Assured - Adaptable
Maximum Maturity Age - NA
Premium Payment Term - RP/SP/LP

Axis Max Life Smart Term Plan Plus

Axis Max Life Smart Term Plan Plus by Axis Max Life Insurance is a unique term insurance plan to meet the changing demands of customers at various lif...

Unique Features

7 Plan Options
Cover Continuance Benefit
Inbuilt Terminal Illness Cover

Axis Max Life Smart Term Plan Plus (Pros)

Choice of Plan Variant
Cover Continuance Benefit
Special Exit Value

Axis Max Life Smart Term Plan Plus (Cons)

1 year WP for suicide
No policy loan
No pre-existing illness cover

Axis Max Life Smart Term Plan Plus (Other Benefits)

Option to Choose Whole Life Cover
Inbuilt Terminal Illness Cover
Special Discount for Females

Axis Max Life Smart Term Plan Plus (Eligibility Criteria)

Entry age - 18 years
Max entry age - 65 years
Min sum assured - Rs 2 lakhs
Max maturity age - 100 years
PPT - RP/SP/LP

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Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.

Name of the Rider	Benefits
Axis Max Life Waiver of Premium	It will waive all future premiums, and the benefits of the policy will remain the same in case of disability, dismemberment, or diagnosis of a listed critical illness.
Axis Max Life Comprehensive Accident Benefit Rider	Offers financial help to your dependents in addition to base policy benefits in case of the policyholder’s demise due to an accident.
Axis Max Life Terminal Illness Rider	Offers financial benefits in case the policyholder is diagnosed with any of the terminal illnesses.
Axis Max Life Total and Permanent Disability Cover	This rider offers financial benefits in case the policyholder becomes partially or totally disabled.
Axis Max Life Critical Illness and Disability Rider	In case the policyholder is diagnosed with any of the critical illnesses mentioned in the brochure then rider benefits are paid to them.

Edelweiss TokiovsAxis Max Term Insurance

Compare

Edelweiss Tokio vs Axis Max Term Insurance

Edelweiss Tokio

Axis Max Term Insurance

Know More About Companies

Overview

Edelweiss Tokio Term Insurance: Overview

Axis Max Life Term Insurance Plans: Overview

Riders

Riders You Can Avail With Edelweiss Tokio Term Insurance Plans

Riders You Can Avail With Axis Max Term Insurance Plans

But how does it work?

Other Term Insurance Companies

Edelweiss Tokio Term Insurance

Edelweiss Life Total Protect Plus (Pros)

Edelweiss Life Total Protect Plus (Cons)

Edelweiss Life Total Protect Plus (Other Benefits)

Edelweiss Life Total Protect Plus (Eligibility Criteria)

Edelweiss Life Zindagi Protect (Pros)

Edelweiss Life Zindagi Protect (Cons)

Edelweiss Life Zindagi Protect (Other Benefits)

Edelweiss Life Zindagi Protect (Eligibility Criteria)

Axis Max Life Term Insurance

Axis Max Life Premium Return Protection (Pros)

Axis Max Life Premium Return Protection (Cons)

Axis Max Life Premium Return Protection (Other Benefits)

Axis Max Life Premium Return Protection (Eligibility Criteria)

Axis Max Life Smart Total Elite Protection (Pros)

Axis Max Life Smart Total Elite Protection (Cons)

Axis Max Life Smart Total Elite Protection (Other Benefits)

Axis Max Life Smart Total Elite Protection (Eligibility Criteria)

Axis Max Life Smart Secure Plus Plan (Pros)

Axis Max Life Smart Secure Plus Plan (Cons)

Axis Max Life Smart Secure Plus Plan (Other Benefits)

Axis Max Life Smart Secure Plus Plan (Eligibility Criteria)

Axis Max Life Smart Term Plan Plus (Pros)

Axis Max Life Smart Term Plan Plus (Cons)

Axis Max Life Smart Term Plan Plus (Other Benefits)

Axis Max Life Smart Term Plan Plus (Eligibility Criteria)

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Reviewed By: Naval Goel

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Edelweiss Tokio
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