Life Insurance Policies in India 2024 - Edelweiss Tokio Life Insurance Company
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Our Products
- Capital Secure+ - A Combination Of Market-Linked And Guaranteed Returns
- Edelweiss Tokio Life –Wealth Rise+ – A double-advantage ULIP
- Edelweiss Tokio Life – Premier Guaranteed Income – A guaranteed income plan
- Edelweiss Tokio Life –Wealth Secure + - A new generation ULIP
- Edelweiss Tokio Life- Zindagi Protect - A Comprehensive Term Plan
- All Products
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Life Insurance Products You'd Love To Explore
Savings and Investment Plan
Edelweiss Tokio Life - Wealth Plus
- Get dual benefits of life cover and wealth accumulation
- Get additional fund allocations from the first policy year
- Look out for your child’s future with the Rising Start Benefit Option
- Choice to invest in 7 diverse funds
Guaranteed Returns
Edelweiss Tokio Life - Premier Guaranteed Income
- Guaranteed¹ Income + Protection + Tax Benefits³ in one plan
- Pick from 4 plan options basis life goals – Lumpsum, Short Term Income, Long Term Income & Retirement Income
- Family Income Benefit option ensures your family doesn’t have to compromise dreams
- 6 Riders available to enhance your plan⁹
Market-linked Savings
Edelweiss Tokio Life - Wealth Secure+ (ULIP)
- Wealth Accumulation starting at ₹1000 p.m.⁰
- Life cover till you’re 100
- Option to get maturity benefits in just 5 years
- Systematic withdrawals⁶ without additional cost
- Savings Ke Liye Effective Solution!
Participating Returns
Edelweiss Tokio Life - Active Income Plan
- Option to choose Guaranteed¹ income + Protection upto age 99
- Start getting income 2nd policy year onwards
- Cash Bonus⁵ (if declared) payable on performance of participating fund, if declared
- 6 Riders available to enhance your plan
What is Life Insurance?
Life insurance is a type of insurance policy that provides financial protection to the policy holder's beneficiaries in the event of their untimely death. The policy holder pays a premium, either monthly or annually, to the insurance company in exchange for a specified benefit, also known as the sum assured. This benefit is paid to the policy holder's beneficiaries in the event of their death.
A life insurance policy not only provides life cover but can also provide financial protection to the insured individual’s beneficiaries if any additional clause specified in the policy comes to pass. Life Insurance coverage offers peace of mind to the policy holder and their loved ones, as it ensures that their basic needs are met in the event of a tragedy, such as death, critical illness, or an accident.
Moreover, nowadays there are multiple variations of the basic term insurance plan that also offer savings elements. your child's education, daily expenses, retirement planning, and even buying a dream home.
You may be surprised to learn that the cost of securing the future of your family can be less than your monthly entertainment expenses.
What are the Benefits of Life Insurance?
- Financial security for your loved ones - The primary reason to buy any life insurance policy is to secure your family’s finances in case of your unfortunate passing. Some life insurance policies even provide protection for critical illnesses or accidents that cause handicaps. If you have dependents who rely on your income, then having a life insurance policy is essential to safeguard their future. With a good life insurance policy, you can live stress-free knowing that your loved ones will always be taken care of.
- Savings and wealth growth - Nowadays, you can buy various term life insurance policies that also offer savings elements. The premium you pay for these plans also act as long-term savings, and upon the end of your term, you will either receive these savings as a lumpsum or as periodic income benefits. Moreover, most savings plan also grow your corpus over time by putting your money into various investments.
With a guaranteed savings plan, you will always know how much money you are getting back at the end of the term. Alternatively, you can opt for a Unit Linked Insurance Plan (ULIP) if you want to invest your savings into the share market for the potential of greater wealth growth. These savings plans can help you plan for your future ambitions and even provide income for your retirement.
- Tax Benefits³ - Under Section 10(10D) of the Income Tax Act, life insurance plans are eligible for tax exemptions. These exemptions are also applicable for savings plans and ULIPs, provided that the plan meets all the terms and conditions listed in the section.
Edelweiss Tokio Life Insurance Policies To Secure You And Your Family's Future
Life insurance is a type of insurance policy that provides financial protection to the policy holder's beneficiaries in the event of their untimely death. The policy holder pays a premium, either monthly or annually, to the insurance company in exchange for a specified benefit, also known as the sum assured. This benefit is paid to the policy holder's beneficiaries in the event of their death.
A life insurance policy is essentially a contract between the policy holder and the insurance company, where the insurer agrees to pay the specified benefit to the policy holder's beneficiaries in the event of their death. Life Insurance coverage offers financial security and peace of mind to the policy holder and their loved ones, as it ensures that their basic needs are met in the event of a tragedy, such as death, critical illness, or an accident. This coverage ensures that your loved ones are protected from financial hardships and can still meet their basic needs, such as your child's education, daily expenses, retirement planning, and even buying a dream home.
You may be surprised to learn that the cost of securing the future of your family can be less than your monthly entertainment expenses.
What Makes Edelweiss Tokio Life Insurance Your Ideal Partner?
99.20% Claim Settlement Ratio**
Our Promise of Integrity- 99.20% Claim Settlement Ratio** for FY 2023
Most Trusted BFSI Brand - 2023
Recognised among 'Most Trusted BFSI Brands 2023' by Marksmen Daily^³
What Makes Edelweiss Tokio Life Insurance Your Ideal Partner?
99.20% Claim Settlement Ratio**
Our Promise of Integrity- 99.20% Claim Settlement Ratio** for FY 2023
Most Trusted BFSI Brand - 2023
Recognised among 'Most Trusted BFSI Brands 2023' by Marksmen Daily^³
Scaling New Heights Every Year
No. of Agents & Branches as on 15th October 2023
Claim Settlement Ratio
99.20%**
No. of Agents
84694
No. of Branches
131
He was very much clear about the issue and the importance of it.. Thanks rohit
Anisha Shashidharan
(sr.associate)
Your customer support is doing excellent job.keep up the good work.
Nilesh Pawar
(manager)Fire Away Queries
Like teachers say, there are no silly questions
How does life insurance work?
Life Insurance is a contract between the insurer and the policyholder, where the insurer agrees to pay out a sum of money to the policyholder’s beneficiaries in case of their untimely death. In exchange, the policyholder pays the insurance company a premium. The sum assured usually depends on the insured person’s ‘human life value’ (HLV); which is the monetary value of your life based on your overall income.
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Who has the greatest need for life insurance?
Anyone who has dependents should prioritise getting a life insurance policy. Life insurance will ensure that your family’s financial needs are taken care of even in your absence.
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What kinds of life insurance policies are there?
The various types of life insurance policies are listed below:
Term Insurance Plans :
A term insurance is an insurance policy that offers a high sum assured at affordable premium amount. If you, as a policyholder pass away during the policy term, their beneficiaries will get the coverage. If the policyholder opts for a return of premium term plan and survives the policy tenure, a maturity benefit will be paid out, which is the total of all premiums paid till date.
Guaranteed Savings Plans :
A guaranteed savings plan offers insurance cover along with the ability to build, save and earn a guaranteed financial return. With a guaranteed savings plan, if you pass away during the plan's tenure, your beneficiaries will get the sum assured. If you survive the plan's term, you get guaranteed returns from the plan as a maturity benefit.
Unit Linked Insurance Plans (ULIPs) :
A Unit-Linked Insurance Plan (ULIP) is an insurance plus investment policy that offers the dual-benefits of insurance coverage and market-linked returns.
Health Insurance Plans (critical illness) :
A health insurance plan is an insurance policy that helps you in dealing with the medical expenses and the costs attached to the treatment of an covered illness.
Group Life plans :
A group life insurance is a life insurance plan that offers affordable life insurance to a group of individuals like employees or members of an organization. Employers usually provide life insurance to their employees through a single Master Life Insurance. A group life plan is an effective way to ensure the safety of a company's employees.
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What types of deaths do life insurance not cover?
Exclusions to death coverage are always mentioned in your life insurance policy. Exclusions may differ from policy to policy, so it is important to go through the list to understand what eventualities are not covered by your insurance.
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What are the benefits of purchasing life insurance?
The main benefits of purchasing life insurance are:
- Peace of mind knowing that your family is financially secure even when you are gone.
- Protection against Critical Illness, Accidents & Disabilities Protection against Critical Illness, Accidents & Disabilities through optional riders.
- Savings and Investment Options to help you financially plan for your future when you no longer have a steady flow of your salary income.
- Tax benefits³ on life insurance thanks to exemptions provided under Section 80C, Section 10(10D) of Income Tax Act.
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What happens if you buy Life Insurance?
Once you have purchased a life insurance, your will have to pay premiums to the insurance company to keep your policy active. Some plans also provide the option for single pay premium where you pay just once during the inception of the plan. As long as your insurance plan is active, your family will be able to claim the policy’s sum assured in case of your death or any other eventuality covered by the plan.
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What is the procedure for filing a life insurance claim?
If you are a beneficiary of an insurance policy, the first step to making a claim is to notify us of the insured individual’s death. This can be done by calling your insurance agent, the our customer support, or by directly making a claim on our website. Once notified, we will ask you to share all the documents relevant to prove your claim. Some documents that are needed include the death certificate, the original policy document, and identity documents that prove that you are the beneficiary.
After you submit the required documents, all you need to do is sit back and wait for us to finish processing the claim. You should get the full claim amount once we have finished verifying all your documents.
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~ Illustration for Life Insured - Age:30-year-old (male) | Annualized Premiun: Rs. 1,00,000 (excluding taxes) | Policy term: 20 years | Premium Paying Term: 10 years | Payment Frequency: Annually | Plan Option: Lumpsum | Employee of Edelweiss: No | Distribution channel: Online | Lumpsum received at the end of the 20th policy year | Total Amount received by the Policyholder: Rs. 24,32,613
+ The Special Exit Benefit shall be applicable on the premiums paid towards Life Cover and Premium Break Benefit, if any, and is not applicable on any additional premiums paid towards other Additional Benefit/s opted by the policyholder namely Child’s Future Protect Benefit or Better Half Benefit. This benefit is applicable provided all terms and conditions mentioned in the sales brochure are met. Please refer sales brochure for more details.
*¹ Illustration for Life Insured - Age: 24-year-old (male), married, non-smoker, spouse is a non-smoker, female | First Year Annualized Premium: Rs. 6,990 (excluding taxes) that comes up to Rs. 19.15/day | Annualized Premium: Rs. 7,436 (excluding taxes) | Life Cover: Rs. 1,00,01,000 | Policy Term: 20 years | Premium Paying Term: 20 years | Premium Paying Frequency: Annual | Plan Option: Life Cover Option | Income Pay-out Frequency: Lumpsum | Underwriting Status: Medical | Better Half Benefit: Yes | Employee of Edelweiss: No | Distribution Channel: Online
^³ - Listed as one of the Most Trusted BFSI Brands 2023 by Marksmen Daily. The survey conducted by LeadCap Ventures for Marksmen Daily appraised the brands based on parameters like quality & consistency, uniqueness, value delivered, Brand affinity, innovation, affluence and more. Source: https://marksmendaily.com/2023/06/24/building-trust-in-a-changing-world-order/
** - Claim statistics are for Financial Year 2022-23 and is computed basis individual claims settled over total individual claims for the financial year. For details, refer to Public Disclosures in our Website.
1 - This is applicable only if all due premiums are paid and the policy is in-force.
2 - For more details please read the sales brochure separately
3 - As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
Edelweiss Life – Premier Guaranteed Star is only the name of an Individual, Non-Linked, Non-Participating, Savings, Life Insurance Product. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the tax laws. The tax benefits under this Policy may be available as per the prevailing Income Tax laws in India. For more details on risk factors and terms and conditions, please read the sales brochure carefully before concluding a sale. UIN: 147N077V02
Edelweiss Tokio Life - Zindagi Protect is An Individual, Non-Linked, Non-Participating, Pure Risk Premium/Savings, Life Insurance Plan. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the tax laws. The tax benefits under this Policy may be available as per the prevailing Income Tax laws in India. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN: 147N078V02
Edelweiss Tokio Life - Guaranteed Savings STAR is a Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan. Tax benefits are subject to changes in the tax laws. The tax benefits under this Policy may be available as per the prevailing Income Tax laws in India. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding a sale. UIN: 147N074V02
Edelweiss Tokio Life - Guaranteed Income STAR is only the name of a Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan and does not in any way indicate the quality of the plan, its future prospects or returns. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the tax laws. The tax benefits under this Policy may be available as per the prevailing Income Tax laws in India.
UIN: 147N073V02
Edelweiss Tokio Life – Premier Guaranteed Income is only the name of an Individual, Non-Linked, Non-Participating, Savings, Life Insurance Product and does not in any way indicate the quality of the plan, its future prospects or returns. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the tax laws. The tax benefits under this Policy may be available as per the prevailing Income Tax laws in India. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding a sale. UIN: 147N072V03
Edelweiss Tokio Life - Saral Jeevan Bima is only the name of a non-linked, non- participating, individual pure risk premium, life insurance plan and does not in any way indicate the quality of the plan, its future prospects or returns. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the tax laws For more details on risk factors, terms and conditions please read product brochure carefully before concluding a sale. Product UIN: 147N069V02
Edelweiss Tokio Life – Active Income Plan is only the name of the Individual, Non-Linked, Participating, Savings, Life Insurance Product and does not in any way indicate the quality of the plan, its future prospects, or returns. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the tax laws. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding a sale. UIN: 147N065V02
The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.
The policyholder will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year.
Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. Edelweiss Tokio Life Insurance Company Limited is only the name of the Insurance Company and Edelweiss Tokio Life – Wealth Rise+ is only the name of the unit-linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects, or returns. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary or policy document of the Insurer. The premium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance of investment fund and factors influencing the capital market and the policyholder is responsible for his/her decisions. Tax benefits are subject to changes in the tax laws. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding a sale. UIN: 147L076V02
Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. Edelweiss Tokio Life Insurance Company Limited is only the name of the Insurance Company and Edelweiss Tokio Life – Wealth Secure+ is only the name of the unit-linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects, or returns. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary or policy document of the Insurer. The premium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance of investment fund and factors influencing the capital market and the policyholder is responsible for his/her decisions. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN 147L062V02
Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. Edelweiss Tokio Life Insurance is only the name of the Insurance Company and Edelweiss Tokio Life – Wealth Plus is only the name of A Unit Linked, Non-Participating, Individual, Life Insurance Product and does not in any way indicate the quality of the contract, its future prospects, or returns. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary or policy document of the Insurer. The premium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance of investment fund and factors influencing the capital market and the policyholder is responsible for his/her decisions. Tax benefits are subject to changes in the tax laws. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN: 147L055V04
ARN. NO : WP/3545/Nov/2023