Edelweiss Tokio Term Life Insurance Plan

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Edelweiss Tokio Term Insurance Plans 2023

Edelweiss Tokio Life Insurance Company Limited takes immense pride in presenting a comprehensive array of insurance policies to fulfill your wide-ranging investment requirements. This company is an outcome of a joint venture between Edelweiss FInnaical Services and Tokio Marine Holdings Inc. Presently, the company has over 55,000 agents operating in over 115 branches across 93 locations in India. Edelweiss Tokio Term Insurance is known for offering copious Edelweiss Term Plans to its customers such as ULIP, Child, Pension, and Investment Plan. 

Edelweiss Tokio Life Insurance Company has gained a sturdy reputation for being a customer-centric life insurer. It has won the 2021- Insurance Company of the Year at the renowned Quantc Business Media BFSI Excellence Awards.

It is not difficult to find Edelweiss Tokio Life term plans that entail high coverage at low premiums. And Edelweiss Tokio term plans are available with riders. Additionally, you can easily purchase Edelweiss Tokio Life term plans online either from its official website or Polichayan.

Key features of Edelweiss Tokio Term Insurance Company

Let’s pay attention to some of its incredible features that make convince people to buy its insurance plans.

Annual premium: IRDAI report 2021-22 exhibits that Edelweiss Tokio Term Insurance  Company recorded an annual premium of Rs. 2207.30 crores.

Solvency ratio: The solvency ratio of the insurance company supports an individual to validate the company’s capability to meet its financial commitments. The IRDAI report for the financial year 2021-22 states that the solvency ratio of Edelweiss Tokio Term Insurance Company is 3.09.

Claim settlement ratio: This insurance company preserves a distinguished CSR of 97.03% as per the IRDAI report for the financial year 2021-22. 

Operating network: Presently, this insurance company maintains 109 branches across India and additional distribution touchpoints via multiple new tie-ups and partnerships.

Benefits of Edelweiss Tokio Term Insurance Company  

Impeccable customer experience: Edelweiss Tokio conveys efficient solutions for their customers. It tends to look at every product, every service point, and every innovation from its customer’s viewpoint.

Cost-effective: Edelweiss Tokio aims to offer cost-effective plans so that you can buy them without worrying about burning a hole in your pocket.

Flexible plans: Edelweiss Tokio Term Plans render numerous coverage options to help you choose the best.

Healthy lifestyle benefit: Edelweiss Tokio Term Plans acknowledge and reward individuals with a healthy lifestyle with low premium options.

Tax benefits: Edelweiss Tokio Term Plans help you avail of tax benefits on paid premiums under sections 80C and 10D of the Income Tax Act

Covid-19 cover: Edelweiss Tokio Term Plans offers your loved ones financial security during difficult times.

Long-term protection: Edelweiss Tokio Term products come with wide-ranging coverage for you and your dependents throughout your life. You will find lifelong coverage up to the age of 100, under the life cover option.

Who Should Buy an Edelweiss Tokio Term Plan?

Edelweiss Term Insurance makes an impeccable choice for those folks who want to assure their financial security in the event of their ill-timed death. Given below are some groups that should consider buying an Edelweiss Tokio Term Plan.

Wage earners: If you are the only or primary breadwinner of your family, it is suggested to think about getting Edelweiss Tokio Term Plan to assure that your family doesn’t have to degrade their lifestyle after your demise due to financial woes.

Newlyweds: If you have recently got married, you should consider buying an Edelweiss Tokio Term Insurance Plan to ensure your partner’s financial independence in the event of your untimely departure.

Homeowners: If you own a home, consider buying an Edelweiss Tokio Term Insurance Plan to assure that your family can continue to live in the home in case of your untimely demise.

Edelweiss Tokio Life Term Plan Riders

Accidental death benefit rider: It guards the future of your loved ones if an accident leads to a policyholder’s death.

Accidental total and permanent disability rider:  This rider creates a steady flow of income for your family in case of permanent disability.

Critical illness rider: It covers a policyholder in case he/she is diagnosed with any critical illness.

Steps You Need to Follow to File Edelweiss Tokio Term Insurance Plan Claims

Claim intimation: Notify the company about the incident. You can perform this task either by sending a mail to claims@edelweisstokio.in or calling on the toll-free number- 1800 2121  212 or filling out the online form available at their official website or visiting the nearest branch.

Document submission: It is paramount to submit all the documents that are requested by the insurance company.

Claim settlement: Upon receiving all the documents, the company will verify the details as per their norms. After successful completion, the beneficiary will get the amount in his/her bank account and the same will be communicated over a mail or call.

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Frequently Asked Questions

The policy will not instantly lapse if there is a delay in the premium. However, a grace period will be extended to the policyholder.

No, there is no such upper limit assured for Edelweiss Tokio term plans, except for Raksha Kavach, the maximum sum assured in this policy is Rs 50,000.

No, there is no such medical test required in this policy.

The total term of the policy is 5 years.

The minimum premium in the policy is Rs. 2,500

Yes, you get several discounts available on the premiums paid in the policies.