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:
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.
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).
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:
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:
For education planning, there is the Edusave Insurance Policy.
For the smart investor, the company offers growth planning policies like:
The best group insurance solutions are also on offer from Edelweiss Tokio Life, brought to you by Easy Policy:
The micro insurance schemes by Edelweiss Tokio Life Insurance Co. Ltd. are some of the best in the market:
|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||
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|