Edelweiss Tokio Life Insurance

Edelweiss Tokio Life is the private sector insurance provider established in 2011. The company is an amalgamation between the Edelweiss Group of India and the Tokio Marine Holdings of Japan. It is one of the fastest growing private company in the life insurance sector of India. The Edelweiss Tokio Life provides a host of life insurance products aimed at giving high returns, guaranteed interest payments, child education needs, and the retirement benefits for customers across a broad spectrum.

Documentation required to apply for an Edelweiss Tokio Life Insurance

1. Identity Proof

2. Age Proof

3. Income Proof

4. Address Proof

5. PAN Number

Add-on Covers

1. Accidental Death Benefit Rider

In accidental death, the beneficiary gets an additional amount assured as opted under this rider.

2. Accidental Total and Permanent Disability Rider

The benefit is payable during the policy tenure in the event the Life. The insured person becomes incapacitated as a result of a disability.

3. Critical Illness Rider for Edelweiss Tokio Life Insurance

The benefit would be paid in a lump sum subjected to a survival period of 30 days.

Insurance Plans of Edelweiss Tokio Life
The plans provided below can be availed at any of the nearest branches of the Edelweiss Tokio Life in India.
Protection Plans of Edelweiss Tokio Life
These term plans are targeted at providing High Amount Assured to the customers for the nominal premium payments. These are pure term plans which provide income surety to the loved ones of the policyholder after the death.

Edelweiss Tokio Life MyLife
The death benefits can be chosen to be paid out in either lump sum or installments or the combination of both options.
Edelweiss Tokio Life Protection: The Lump sum amount is paid out as the death benefits.
Edelweiss Tokio Life Income Replacement: The cost-effective solution for protecting the loved ones.
Edelweiss Tokio Life Raksha Kavach (or Micro Insurance Plan): The micro term insurance plan offers the low premiums and competitive options of Sum Assured.
Savings Plans of Edelweiss Tokio Life:
The investment plans denote the products which offer payouts along with death benefits. These plans can be bought to consolidate the savings through debt instruments, or for earning the attractive interest rates by investing in mutual funds and the other instruments. The Edelweiss Tokio Life savings and investment plans are available under the two categories:

• Wealth Enhancement Plans of Edelweiss Tokio Life Insurance:
  • Edelweiss Tokio Life Dhan Nivesh Bima Yojana (or Micro Insurance plan, with the single premium, and endowments): Additional benefits in case of the accidental death.
  • Edelweiss Tokio Life Wealth Enhancement Ace (or ULIP): The flexible fund options along with the guaranteed royalty payments.
  • Edelweiss Tokio Life Single-Pay Endowment Assurance Plan (with the single premium, and endowment): Single investment, which pays out certain benefits at maturity after ten years, apart from the life cover.
• Wealth Accumulation Plans
  • Edelweiss Tokio Life Cashflow Protection Plus (Participating and Non-linked Insurance): Guaranteed money back and non-guaranteed cash bonus income.
  • Edelweiss Tokio Life Wealth Accumulation (Accelerated Cover and ULIP): The Investment as well as the risk protection, with the option to choose between the funds during policy tenure.
  • Edelweiss Tokio Life Guaranteed Income Insurance Plan (Non-participating, non-linked, and endowment plan): Maturity benefits can be paid out in the lump sum, with the specific interests of getting the amount of premium paid doubled.
  • Edelweiss Tokio Life Save and Prosper (Endowment plan): The tax-free profits are provided, along with the bonuses and discounts on the Amount Assured.
  • Edelweiss Tokio Life Safe and Sure Plan (Non-participating, non-linked, endowment): Savings plan in which the fixed premium is collected for fifteen years.
  • Edelweiss Tokio Life Milestones Plan (Participating and Non-Linked): The anticipated endowment plan provide the cash back option at the regular intervals.
  • Edelweiss Tokio Life Wealth Builder(Non-participating and non-linked insurance): Combination of savings and protection plans designed to protect the family.
  • Edelweiss Tokio Life Wealth Accumulation (Cover Plus and ULIP): The tailor-made solutions where the death benefits are paid out as the combination of Amount Assured and the Fund Value.
  • Edelweiss Tokio Life Wealth Accumulation (Privilege and ULIP): No charges such as partial withdrawal, administration costs, and switching, are applicable in this. In this insurance, the premium gets invested resulting in the higher returns.
• Child Plans of Edelweiss Tokio Life:
  • The Edelweiss Tokio Life provides the child education plans that are aimed at securing the future of a child through the regular payments so that he/she can pursue an education in the preferred fields.
  • Edelweiss Tokio Life EduSave: The child of the insured person will continue to receive pre-defined benefits even if insured dies within the policy tenure. The benefits of the insurance are paid out flexibly over the higher durations of five years.
• Retirement Plans of Edelweiss Tokio Life:
  • With the retirement plan from Edelweiss Tokio Life, one can secure the future after retirement with the fixed payments. There are four products under this category:
    • Edelweiss Tokio Life Cashflow Protection Plus: Money-back guarantee and the non-guaranteed cash bonus for up to 100 years of the insured person's age.
    • Edelweiss Tokio Life Pension Plan: There are multiple options for choosing plan details to get significant funds during the time of retirement.
    • Edelweiss Tokio Life Immediate Annuity Insurance Plan: Traditional annuity plan provides the guaranteed annuity benefits at the time of retirement.
    • Edelweiss Tokio Life Cash Income Plan: The premiums are collected for 20 years, and the benefits are given over the next 20 years, apart from the lump sum maturity amount that is required to be paid on maturity.

Online Term Plans of Edelweiss Tokio Life
The online term plans include the features of regular plans as described above, with an added functionality of buying it online. The following are the life insurance products from Edelweiss Tokio Life that can be purchased online:

• Edelweiss Tokio Life MyLife± (Protection/traditional)
• Edelweiss Tokio Life Wealth Builder (Wealth accumulation)
• Accelerated Cover in Edelweiss Tokio Life Wealth Accumulation

Edelweiss Tokio products can be bought by visiting any of the nearby branches, or by applying online, if applicable.

Customer Care of Edelweiss Tokio Life insurance
Edelweiss Tokio has the sophisticated customer support system which has been set up to assist the customers at every step of the insurance process. The insurer has set up multiple channels through which the customers can get in touch with the customer support team and resolve the queries and issues. Those policyholders who want to get in touch with the customer support team immediately can do so by dialing on the toll-free helpline number or even by filling up the simple form on the Edelweiss Tokio website under the 'Customer Service' section. Alternately, the customers can also get a response to their queries by using the instant chat service available on the site. The policyholders who have not been able to contact the customer care through phone can also request the call back by providing their contact details in the dedicated website section.
 

FAQs

Q1. What is the best way to contact the Edelweiss Tokio Life?
The toll-free is the best option to contact, and the toll-free number is 1800 2121 212.

Q2. What are the other ways to contact the Edelweiss Tokio Life Insurance office?
The company is headquartered in Mumbai. The person can also contact the company through their website for any queries.

Q3. How can I track the status of my policy?
Check the policy status online on the website of the company.
Enter the policy number and the date of birth of the policyholder.
You can also call or contact them via mail

Q4. What are the available modes for premium payment available for me?
There are two basic methods for payment to avail:

• Online Mode has
  • Debit Card payment
  • Payment through standing instructions or credit card
  • Net Banking
• Offline Mode has
  • ECS facility
  • IVRS
  • Money Order
  • Cash/Cheque/DD
  • Visit the nearby branch.