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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.
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:
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
A simple term insurance plan to cover your family with a limited pay option, tax benefits and flexible policy terms.
Unique Features
Provides all-round financial protection to your family in your absence. It also provides coverage to your better half in the same plan at a little extra cost.
Unique Features
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.
Edelweiss Term insurance is an ideal choice for people who want to ensure their family's financial security in case of their untimely death. Here are some specific groups of people who should consider buying an Edelweiss Tokio term insurance plan:
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.
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.
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.
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.
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.
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.
**Once the payment is made, you will get a payment confirmation at your registered email address.
**Once the payment is made, you will get a payment confirmation at your registered email address.
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:
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-
In the case of unnatural death (Accidental death/Murder/Suicide)-
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.
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)
See More Term Insurance Articles
See More Term Insurance Articles
With this benefit, you can give your partner additional Life Insurance up to 50% of your term plan coverage in your absence.
Edelweiss Tokio Term Plan calculator is available on the PolicyX.com website in the term insurance section.
You can pay your Edelweiss Term plan premium online as well as offline.
Online Mode
Offline Mode
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.
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.
The minimum policy term is 5 years and the maximum policy term is 40 years.
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.
The minimum maturity age is 23 years and the maximum maturity age is 70 years.
The minimum entry age is 18 years and the maximum entry age is 65 years.
As this is a pure term plan, Saral Jeevan Bima has no benefits on maturity.
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.
Yes, this plan covers deaths due to Covid-19
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:
This rider offers a minimum of Rs 1000 and a maximum of Rs 6000, under the daily cash benefit, starting on the first day of hospitalization.
Yes, this term Insurance has a critical illness rider. The rider provides coverage for a variety of conditions, including myocardial infarction (first heart attack of a defined severity), cancer of a specific severity, open chest CABG, open heart replacement or repair of heart valves, kidney failure needing frequent dialysis, third-degree burns, major organ/bone marrow transplant, and more.
Read what our customers have to say about Edelweiss Tokio term insurance company
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.
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