Edelweiss Tokio
vs
Birla Sun Life

  • Multiple policy tenure to choose from
  • Premiums starting @Rs 15/day
  • 30-day grace period
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Edelweiss Tokio vs Birla Sun Life

Edelweiss Tokio

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

Birla Sun Life

Birla Sunlife or ABSLI is a part of Aditya Birla Capital. ABSLI is a 51:49 a joint venture between the Aditya Birla Group and Sun Life Financial.

COMPANY DETAILS Edit Edelweiss Tokio Term Insurance

Edelweiss Tokio

Edit Aditya Birla Life Insurance Company Limited

Birla Sun Life

Rating
Number of term insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

690.47 crore

Annual Premiums Collected (2023-24)

Rs 15069.69 Cr
Payout Options

Payout Options

-

Payout Options

Lump sum, monthly, or a combination of both
Claim ratio

Payout Options

99.2%

Payout Options

98.12%
Solvency Ratio

Solvency Ratio

2.1

Solvency Ratio

1.7
Pan India Presence

Pan India Presence

109 branch offices

Pan India Presence

1048+
Riders Available

Riders Available

Accidental Death Benefit Rider, Accidental Total and Permanent Disability Rider, Critical Illness Rider

Riders Available

Comprehensive Critical Illness Rider, Waiver of Premium Rider, Accidental Death and Disability Rider, Critical Illness Rider, Accidental Death Benefit Rider Plus
Policy Term

Policy Term

10 to 40 years

Policy Term

10 to 55 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 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)

Edelweiss Life Total Protect Plus
  • Return of premium
  • Life long benefit option
  • Choice of policy term

Edelweiss Life Total Protect Plus (Cons)

Edelweiss Life Total Protect Plus
  • No survival benefits
  • No policy loan
  • No death benefits in case of suicide during first year

Edelweiss Life Total Protect Plus (Other Benefits)

Edelweiss Life Total Protect Plus
  • Spouse cover
  • Child protection cover
  • Enhanced riders

Edelweiss Life Total Protect Plus (Eligibility Criteria)

Edelweiss Life Total Protect Plus
  • 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

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)

Edelweiss Life Zindagi Protect
  • Premium Break Benefit
  • Child’s Future Protect Benefit
  • Better Half Benefit

Edelweiss Life Zindagi Protect (Cons)

Edelweiss Life Zindagi Protect
  • 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)

Edelweiss Life Zindagi Protect
  • Whole Life Cover
  • Return of Premium Option
  • Multiple Death Benefits Payout

Edelweiss Life Zindagi Protect (Eligibility Criteria)

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

Aditya Birla Term Insurance

Explore India’s best-selling Term insurance plans below

Birla Sunlife or ABSLI is a part of Aditya Birla Capital. ABSLI is a 51:49 a joint venture between the Aditya Birla Group and Sun Life Financial.

ABSLI Life Shield plan (Aditya Birla Life Shield Plan) is a versatile and online available term insurance product. The plan is an affordable term insu...

Unique Features

  • Avail 8 Plan Options
  • Flexible-Premium Payment
  • Cover for Spouse

Aditya Birla Life Shield Plan (Pros)

Aditya Birla Life Shield Plan
  • 105% of total death benefit
  • Tax benefits as per law
  • Return of premium

Aditya Birla Life Shield Plan (Cons)

Aditya Birla Life Shield Plan
  • No policy loan
  • No critical illness
  • no tax benefit

Aditya Birla Life Shield Plan (Other Benefits)

Aditya Birla Life Shield Plan
  • Suicide Cover After 12 Months
  • Discount for Non-Smokers
  • 5% online discount

Aditya Birla Life Shield Plan (Eligibility Criteria)

Aditya Birla Life Shield Plan
  • Min entry age-1 years
  • Max entry age-65 years
  • Min. sum assured-25 Lac
  • Max. sum assured- No limit
  • Premium payment term-Regular/limited

ABSLI Poorna Suraksha Kawach is a comprehensive plan that offers the benefit of return of premium and early return of premium along with the life insu...

Unique Features

  • 6 Plan option
  • Increasing or decreasing SA benefit
  • Special exit value

ABSLI Poorna Suruksha Kawach (Pros)

ABSLI Poorna Suruksha Kawach
  • Death benefit
  • Return of Premium
  • Critical illness benefit

ABSLI Poorna Suruksha Kawach (Cons)

ABSLI Poorna Suruksha Kawach
  • No Policy Loan
  • No investment option
  • No terminal illness benefit

ABSLI Poorna Suruksha Kawach (Other Benefits)

ABSLI Poorna Suruksha Kawach
  • Maturity benefit
  • Tax benefit
  • Surrender benefit

ABSLI Poorna Suruksha Kawach (Eligibility Criteria)

ABSLI Poorna Suruksha Kawach
  • Minimum entry age- 18 years
  • Maximum entry age-65 years
  • Maximum sum assured-20 crore
  • Minimum policy term-5 years
  • Maximum policy term-55 years

Keeping things simple is not always wrong, but we often choose to make things more complicated for ourselves. To eliminate this, Aditya Birla Sun Life...

Unique Features

  • Simple Protection Plan
  • Flexible Premium Payment
  • Covers Accidental Death

Aditya Birla Saral Jeevan Bima (Pros)

Aditya Birla Saral Jeevan Bima
  • High-life cover
  • Accidental death
  • Flexible premium payment

Aditya Birla Saral Jeevan Bima (Cons)

Aditya Birla Saral Jeevan Bima
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

Aditya Birla Saral Jeevan Bima (Other Benefits)

Aditya Birla Saral Jeevan Bima
  • Hassle-free buying process
  • Tax benefits
  • Optional Riders

Aditya Birla Saral Jeevan Bima (Eligibility Criteria)

Aditya Birla Saral Jeevan Bima
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - 5 lakhs
  • Max maturity age - 70 years

ABSLI Anmol Suraksha Kawach plan is a non-linked, non-participating term insurance plan offered by Aditya Birla Capital. If You are looking for a term...

Unique Features

  • Offer short term protection
  • Affordable premiums
  • Flexible premium payment term

Aditya Birla Anmol Suraksha Kawach Plan (Pros)

Aditya Birla Anmol Suraksha Kawach Plan
  • Short term cover
  • high sum assured
  • flexible premium payment

Aditya Birla Anmol Suraksha Kawach Plan (Cons)

Aditya Birla Anmol Suraksha Kawach Plan
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

Aditya Birla Anmol Suraksha Kawach Plan (Other Benefits)

Aditya Birla Anmol Suraksha Kawach Plan
  • Tax-benefits
  • Hassle-free buying process
  • coverage up to 60 years

Aditya Birla Anmol Suraksha Kawach Plan (Eligibility Criteria)

Aditya Birla Anmol Suraksha Kawach Plan
  • Entry age - 23 years
  • Max entry age - 55 years
  • Min sum assured - 50 lakhs
  • Max maturity age - NA

ABSLI DigiShield Plan is a non-linked, non-participating term insurance plan offered by Aditya Birla Life Insurance Company. On opting for this plan, ...

Unique Features

  • Large Sum Insured
  • Many Plan Options
  • Affordable Premium

Aditya Birla Sunlife Digishield Plan (Pros)

Aditya Birla Sunlife Digishield Plan
  • Level cover option
  • Increasing cover
  • Income benefit

Aditya Birla Sunlife Digishield Plan (Cons)

Aditya Birla Sunlife Digishield Plan
  • No sucide cover
  • No policy loan
  • no pre-exiting cover

Aditya Birla Sunlife Digishield Plan (Other Benefits)

Aditya Birla Sunlife Digishield Plan
  • Smart exit value
  • Premium break
  • Sum assured top-up

Aditya Birla Sunlife Digishield Plan (Eligibility Criteria)

Aditya Birla Sunlife Digishield Plan
  • Min entry age-18 yrs
  • Max. entry age-65 yrs
  • Min. sum assured-30 Lac
  • Max. sum assured-no limit
  • Plan payment- Limited/regular.
Naval Goel

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.