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Edelweiss TokioTerm Insurance
  • Avail future guaranteed income
  • Cover your spouse in same plan
  • Protection against CI
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Edelweiss Tokio Term Insurance

Edelweiss Tokio Life Insurance Company Limited provides insurance policies to people for their investment requirements. It is a joint venture between Edelweiss Financial Services and Tokio Marine Holdings Inc. The company has more than 55,000 agents operating in more than 115 branches, across 93 locations in India. Edelweiss Tokio Term Insurance offers several Edelweiss Term plans to its customers such as ULIP, Child, Pension, and Investment plans.

Edelweiss Tokio Life Insurance Company is a highly customer-centric life insurance provider and has won the 2021- Life Insurance Company of the year at the renowned Quantic Business Media BFSI Excellence Awards.

The term plans offered by Edelweiss Tokio Life offer high coverage at low premiums making it affordable and accessible to all. Alongside, Edelweiss Tokio Term Insurance Plans come with additional riders.

Key Features of Edelweiss Tokio Term Insurance Company

Edelweiss Tokio Term Insurance offers an economical way of securing your family after you. Let's have a look at some of the brilliant features of the policy making it one of the best available term insurance plans in the domain.

  • Annual Premium: As per the IRDAI report 2020-21, Edelweiss Tokio Life Term Insurance recorded an annual premium of Rs. 1,248.24 Crores.
  • Solvency Ratio: The solvency ratio of the company helps an individual ascertain the company's ability to meet its long-term financial obligations.
    The Solvency Ratio of Edelweiss Tokio Life Term Insurance company for 2020-21 is 2.2 (As per the IRDAI, it is mandatory for every life insurer to maintain a solvency ratio of 1.5).
  • Claim Settlement Ratio: The company holds a good and reliable claim settling process with a CSR of 97.01%. (CSR as per IRDAI report of the year 2020-21). The Edelweiss Tokio Term Insurance holds one of the highest claims settlement ratios amongst all the insurance companies.
  • Operating Network: Edelweiss Tokio Life Insurance Company has 109 branches across India and additional distribution touch-points through several new tie-ups and partnerships. Apart from its PAN India presence, Edelweiss Tokio has a wide agent network of over 63000+. Moreover, it also has a strong base of financial consultants.
Edelweiss Tokio Term Insurance Key Features

All You Need To Know About Edelweiss Tokio Term Insurance? Find complete details in one go!

Edelweiss Tokio Insurance Plans Why Buy Edelweiss Tokio Term Insurance? RidersCheck Edelweiss Tokio Term Permium Calculator Buying Process Claim Settlement Process

Benefits of Edelweiss Tokio Term Insurance Company

  • Best Customer Experience: Edelweiss Tokio brings effective solutions to their customers. The insurer tends to look at every product, every service point, and every innovation from their customer's perspective.
  • Cost-Conscious: Edelweiss Tokio offers cost-effective plans with affordable premiums.
  • Flexible Plans: Bajaj Allianz Term Plans offer various coverage options, giving you the freedom to select a plan that meets your needs.
  • Healthy Lifestyle Benefit: Edelweiss Tokio Life Term Plans recognize and reward individuals who have a healthier lifestyle with their low premium options.
  • Tax Benefits: Tax Benefits can be availed for premium payments of Edelweiss Tokio Term Plans under sections 80C and 10 (10D) of the income tax act 1961.

Edelweiss Tokio Life Term Insurance Plans

To secure your family's needs, Edelweiss Tokio Life Term Insurance offers two-term insurance plans, from which you can choose a well-suited plan for yourself:

Edelweiss Tokio Life Zindagi Plus Plan

A term insurance plan that covers COVID-19 death claims offers additional life cover to your spouse in your absence and discounts on high sum assured.

Unique Features

  • Covers Covid-19 death
  • Better half benefit option
  • No medical test

Edelweiss Tokio Life Saral Jeevan Bima

A simple term insurance plan to cover your family with a limited pay option, tax benefits and flexible policy terms.

Unique Features

  • Life Cover
  • Flexible policy term
  • Tax Benefit

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Edelweiss Tokio Life Term Plan Riders

  • Accidental Death Benefit Rider

    This rider safeguards the future of your loved ones in case of an accident causing your untimely demise and provides additional financial assistance. The entry age for this rider spans from 18 to 65 years. The policy term for this rider ranges from 5 to 52 years with maturity age between 23 to 70 years and a flexible premium payment option.

  • Accidental Total and Permanent Disability Rider

    It can be a difficult task when an accident leaves you with a disability and hampers your ability to create consistent income for your family. This additional rider helps you deal with any immediate expenses in case of any permanent disability. The entry age for this rider spans from 18 to 65 years. The policy term for this rider ranges from 5 to 52 years with maturity age between 23 to 70 years and a flexible premium payment option.

  • Critical Illness Rider

    An additional rider designed to cover the insured life in case of any critical illnesses diagnosed. The critical illness covered under this rider is- cancer of specified severity, open chest CABG, Myocardial infraction (First heart attack of specific severity), open heart replacement or repair of heart valves, kidney failure, requiring regular dialysis, third-degree burns, major organ/bone marrow transplant and more. The entry age for this rider spans from 18 to 65 years. The policy term for this rider ranges from 5 to 52 years with maturity age between 23 to 70 years and a flexible premium payment option.

  • Hospital Cash Benefit Rider

    Hospitalization can be a costly affair and hence Edelweiss Tokio offers this additional rider. With this rider, you get a minimum of Rs.1000 and a maximum of Rs.6000 from the first day of hospitalization under the daily cash benefit. The entry age for this rider spans from 18 to 65 years. The policy term for this rider ranges from 5 to 52 years with maturity age between 23 to 70 years and a flexible premium payment option.

Calculate Edelweiss Tokio Term Insurance Premium

To calculate Edelweiss Tokio Term Insurance Premiums, policyholders can turn to Edelweiss Tokio Term Insurance Premium Calculator. It is an online tool that allows the policyholder to calculate their term plan premiums in advance.

Take a look below at some of the sample premiums of Edelweiss Tokio Term plans:

Edelweiss Tokio Zindagi Plus Term Plan

Sum Assured (in Rs.) 55 Lakhs 65 Lakhs 1 Crore
Monthly Premium Payable(in Rs.) 646 744 997

* Premiums calculated for a 30-year old, non-smoker male. Chosen plan option is “Better Half Benefit†with a premium payment term of 40 years.

How To Buy Edelweiss Tokio Term Insurance Plans?

Edelweiss Tokio Life allows you to buy a term insurance plan via two platforms. You can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Given below is a detailed explanation of both these types of the buying process.

Steps to buy from Edelweiss Tokio Life Insurance company

  • Visit the official website of Edelweiss Tokio Life Insurance Company.
  • Click on 'Our Products' on the navigation bar and select 'Term Insurance Plans'.
  • Click on 'know more' for “Saral Jeevan†or “Zindagi Plus†plan
  • Tap on 'next' and select a plan as per your requirements.
  • Select the cover option you want and make your payment.

**Once the payment is made, you will get a payment confirmation at your registered email address.

Steps to buy from PolicyX.com

  • Fill out the form given at the top of this page with the necessary details.
  • Select your income and city. Click on 'Proceed'.
  • Update your education and occupation details.
  • Choose your preferred plan and click on 'Buy this plan'.
  • Select policy term, premium period, and riders (if required) and then proceed to do the payment.

**Once the payment is made, you will get a payment confirmation at your registered email address.

How to File Edelweiss Tokio Term Insurance Claims?

Filing a claim for Edelweiss Tokio Term Plan is a simple and hassle-free task. You can easily fill and submit their claims online or offline. To file a claim for Edelweiss Tokio Term Plan, you need to follow the below-mentioned steps.

1. Claim Intimation

Inform the company about the incident via various channels- by writing an email at claims@edelweisstokio.in, calling on the toll-free number (1800 2121 212), filling the online claim form on its website, or by visiting the nearest branch. The following details have to be provided during the intimation of your claim:

  • Name of the policyholder
  • Policy number
  • Date of death/event of the life assured
  • Nominee name
  • Cause of death
  • Contact details

A claim reference number/intimation number will be provided to you upon successful registration of the claim.

2. Document Submission

Submit the necessary documents requested by the company to process the claim. In the case of natural death-

  • Death claim form.
  • Death certificate.
  • Original policy documents.
  • Claimant's identity & residence proof.
  • Medical records at the time of death & past illnesses.
  • Account details of the nominee.

In the case of unnatural death (Accidental death/Murder/Suicide)-

  • Death claim form.
  • Death certificate.
  • Account details of the nominee.
  • Original policy documents.
  • Claimant's identity & residence proof.
  • FIR, police inquest report & panchanama
  • Post mortem report.

3. Claim Settlement

After receiving all the documents and claim forms, the company will verify the details as per their norms. On successful completion, the claim will be settled and the amount will be transferred to the nominee's bank account and the same will be communicated to him/her over call or email.

How to Contact Edelweiss Tokio Life Insurance Company?

6th Floor, Tower 3, Wing 'B', Kohinoor City, Kirol Road, Kurla (W), Mumbai – 400070

care@edelweisstokio.in

Toll-Free Number: 1800 212 1212
(Available from 9:00 am to 9:00 pm IST)

Edelweiss Tokio Term Insurance: FAQs

1. What is the Better Half Benefit in the Edelweiss Tokio term plan?

With this benefit, you can give your partner additional Life Insurance up to 50% of your term plan coverage in your absence.

2. Where is the Edelweiss Tokio Term Plan calculator available?

Edelweiss Tokio Term Plan calculator is available on the PolicyX.com website in the term insurance section.

3. How I can pay the premium of the Edelweiss Tokio Term plan? What are the payment options offered by the Edelweiss Term Insurance?

You can pay your Edelweiss Term plan premium online as well as offline.

Online Mode

  • Debit Card
  • Credit Card
  • Net Banking
  • UPI

Offline Mode

  • Cash
  • Cheque
  • DD
  • ECS
  • IVRS

4. What effect does a customer's smoking habits have on the premium calculation at Edelweiss Tokio Life Insurance?

According to the Edelweiss Tokio Life Insurance Company, smokers are at a higher risk. Hence, the premium amount of smokers is higher than for non-smokers.

5. Why should I opt for Edelweiss Tokio Life Saral Jeevan Bima?

It is a simple and easy-to-navigate pure-term insurance plan designed to protect your family. It not only covers your financial needs but provides you the flexibility to choose premium payment terms.

6. Does Saral Jeevan Bima cover Covid-19 death claims?

Yes, this plan covers deaths due to Covid-19.

7. What is the minimum and maximum policy Term for Edelweiss Tokio Saral Jeevan Bima plan?

The minimum policy term is 5 years and the maximum policy term is 40 years.

8. How long do I need to pay premiums and at what frequency?

For a regular pay plan, you need to pay your premiums for the same duration as that of your policy term. For limited pay, you can pay the premium for 5 or 10 years. For single pay, you have to premium only once.

For regular pay and limited pay, you can decide to pay your premiums yearly, half-yearly, or monthly.

9. What is the minimum and maximum maturity age for Saral Jeevan Bima?

The minimum maturity age is 23 years and the maximum maturity age is 70 years.

10. What are the minimum and maximum entry age for Saral Jeevan Bima?

The minimum entry age is 18 years and the maximum entry age is 65 years.

11. Does Saral Jeevan Bima have a maturity benefit?

As this is a pure term plan, Saral Jeevan Bima has no benefits on maturity.

12. Should I opt for Edelweiss Tokio Zindagi Plus plan?

It is a comprehensive term plan that provides protection to your family, It takes care of your changing responsibilities and increasing cost of living along with your present requirements.

13. Does Edelweiss Tokio Zindagi Plus cover Covid-19 death claims?

Yes, this plan covers deaths due to Covid-19

14. What is the better half-benefit option?

This additional benefit provides covers for your spouse. Better Half benefit sum assured is 50% of the base sum assured. This benefit can be selected at the policy inception and if you meet the following requirements:

  • You should be married
  • The age difference between you and your spouse is less than or equal to 10 years
  • The policy is accepted at standard rates at policy issuance.

15. What can be the minimum and maximum age of my spouse to get the better half benefit?

The minimum age of your spouse can be 18 years and it may vary according to the type of plan you have purchased.

16. What are the different plan options for Zindagi Plus?

  • Life cover with level sum assured: Under this plan option, the sum assured remains the same throughout the policy term.
  • Life cover with decreasing sum assured: Under this plan option, the end amount continues as it is till age 60 of the life insured, and decreases by 50% thereon, till the end of the policy term. This will have no effect on the premium.

Edelweiss Tokio Term Insurance Reviews

Read what our customers have to say about Edelweiss Tokio term insurance company

Customer Review Image

Sonam Kumari

Agra

September 20, 2021

I am fully happy and satisfied with the service given to me by Edelweiss Tokio Life Insurance. Well done guys. Keep it up.