Compare Edelweiss Tokio Life Insurance

Edelweiss Tokio Life Insurance Company

Edelweiss Tokio Life Insurance Company

Edelweiss Tokio Life Insurance Co. Ltd., a joint venture between Tokio Marine Holdings Inc., a leading life insurer of Japan and Edelweiss, a fast growing financial service company of India, has been established in the year 2011. The insurance company brings some modern options for the Indians of the new era.
The new entrant into the life insurance arena of India presents a wide range of insurance policies to deal with the various financial requirements of the general Indian consumer. Their offerings include products in the fields of:

  • Funding after Retirement
  • Funding towards life with health impaired
  • Funding as replacement to income
  • Funding of education
  • Funding for wealth accumulation or increment.

Edelweiss Tokio Life Insurance Co. Ltd. has already been the winner of the Outlook Money Award for being the Best Life Insurer in 2016 for stellar customer service and strong corporate governance. The company has been widely acclaimed in recognition of the innovative business strategies, technological and financial firmness and market penetration. The new insurance company endeavours to make constant amends in the product mix in India, so as to make their life insurance policies cater to insurance needs of every section of the population.

Company’s Past performance

Edelweiss Insurance Group has been a leader among financial service providers in India ever since its inception in 1995. The company has shown great innovation and performance in such diversified fields as retail financial markets, mutual funds, housing finance and life insurance. The company boasts of a client base of more than 8 lakhs, and extends its services with 237 offices in 122 locations in  the country.

Tokio Marine Holdings Inc. established in 1879, and based at Tokyo, Japan, is no less a leader in its own field. With a deep rooted presence in the fields of managing life and non – life insurance companies, specialised securities companies, foreign companies engaged in insurance businesses, the company names trust as the foundation for all its activities and continually strives to enhance corporate value. The veteran insurers have strong presence in 483 cities spread across 38 countries and regions all over the globe (as of march 31, 2016).

Key Advantages and Features of the Life Insurance Policies

  • Total Security – Although new in the Indian market, the insurers are an age old player in the arena in other nations throughout the world, delivering quality services and winning hearts. It has come to stay and is a name to trust.
  • Best Coverage – Being the new players in the life insurance arena, Edelweiss Tokio Life Insurance Co. Ltd. can provide you with an insurance coverage in any form that you need. This smartness and agility with which the company is capable of delivering, has made it the leader so soon.
  • Rapid Growth – The way in which the company is coming come with new branches shows the focus, while maintaining a no – compromise principle with the quality of services.
  • Transparency in settling claims – The 5 pronged principle of transparency, convenience, commitment, communication and fairness is followed in the settlement of each and every insurance claim.

Products and Services of Edelweiss Tokio Life Insurance Co. Ltd.

For a secure future, Edelweiss Tokio Life Insurance Co. Ltd. offers the following life insurance terms policies, all of which are available from Easy Policy:

  • Total Secure + : It is a comprehensive online  term plan for life that also provides protection against 35 critical illnesses
  • Life My Life + : It is also a term insurance policy that has a cover option of up to 80 years. It also comes with a flexible payout alternative.
  • Simply Protect : It is a term plan that ensures that future premiums can be waived if there are cases of critical illness or disability of the insured person.
  • Protection: Pay INR 17,000 premium annually for 10 years and enjoy INR 1 crore sum assured for a period of 15 years
  • Income Replacement : This term plan guarantees monthly income in case of death, critical illness or disability of the person insured.

For a healthy future, Edelweiss Tokio Life Insurance Co. Ltd. offers Criticare +.
For a planned future, you have a lot of options in insurance policies to select from:
For retirement planning the plans in offer by Easy Policy are:

  • Triple Advantage Plan
  • Pension Plan
  • Immediate Annuity Plan
  • Cash Flow Protection Plus
  • Cash Income
  • Easy Pension

For education planning, there is the Edusave Insurance Policy.

For the smart investor, the company offers growth planning policies like:

  • Wealth Ultima
  • GCAP
  • Wealth Builder
  • Guaranteed Income Plan
  • Wealth Accumulation (Privilege)
  • Dhan Labh
  • Wealth Enhancement (Ace)
  • WAAC
  • Wealth Accumulation (Cover Plus)
  • Milestones Plan
  • Save n Prosper
  • Single Pay Endowment Assurance Plan
  • Safe n Sure Plan

The best group insurance solutions are also on offer from Edelweiss Tokio Life, brought to you by Easy Policy:

  • Group Credit Protection
  • Group employee benefit plan
  • Group life protection
  • Group wealth accumulation

The micro insurance schemes by Edelweiss Tokio Life Insurance Co. Ltd. are some of the best in the market:

  • Dhan Nivesh Bima Yojana
  • Raksha Kavach
With so many insurance schemes in its basket of offerings, the company is all set to cover your every need and give you just the policy you want.

An Overview of the Best Life Insurance Policies by Edelweiss Tokio Life Insurance Co. Ltd.

Maximum Policy Tenure Up to 80 years minus entry age
Minimum Sum Assured 15 lakhs
Maximum Sum Assured No limit, subject to underwriting
Specific Exclusions Suicides within the first 12 months
Add – on covers
  1. Accidental Death Benefit Rider
  2. Accidental Total and Permanent Disability Rider
  3. Critical Illness Rider

Performance of Edelweiss Tokio Life Insurance Co. Ltd.

Edelweiss Tokio Life Insurance Claim Settlement Ratio in the last 6 years

2010 – 2011 0%
2011 – 2012 100%
2012 – 2013 45%
2013 – 2014 60%
2014 – 2015 57%
2015 - 2016 85%
Claims approved this year 120 (85.11%)
Claims rejected this year 18 (12.8%)
Claims pending this year 3 (2.1%)
Average number of days for claims settlement processing 45
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