Edelweiss Life Insurance Plans
Edelweiss Life Insurance provides a variety of plans designed to meet your protection, savings, and wealth creation needs, with a 99.23% claim settlement ratio in FY-24. Benefit from flexible options tailored to your life, health, retirement, and wealth-building goals.
Edelweiss Life Insurance, with a claim settlement ratio of 99.23% in FY-24, is a well-known private-sector insurance company which was established in July 2011. It is known to offer various types of protection, savings, wealth enhancement, and accumulation plans.
It is among the fastest growing private players in the life insurance sector in India with 109 branches across 88 major cities as of 2024. Edelweiss Life provides a variety of life insurance products aimed at providing high returns, guaranteed interest payments, child education needs, retirement benefits, etc., for customers. The insurance provider has earned several awards and recognition from reputed industry forums under various categories. Here are more details about the various insurance products offered by Edelweiss Life Insurance company.
Edelweiss Life Insurance provides insurance schemes under seven different categories. These are:
1. Term Plans
2. Wealth Creation
3. Guaranteed Income Plan
4. Retirement Plans
5. Health Insurance Plans
6. Group Solutions
7. Micro-Plans
Edelweiss Life Insurance Term Plans
Edelweiss Life Insurance provides two term plans that offers various benefits such as comprehensive financial protection to the family, flexible policy terms and premium payment options, limited payment options, tax benefits on premium payment, and many more. Here are more details about various term plans offered by Edelweiss Life Insurance:
Term Insurance Plans | Entry Age | Premium Value | Base Sum Assured |
Edelweiss Life Zindagi Protect | Minimum: Life Insured: 18 Spouse: 18 Child: 0 Maximum: 50-65 | Minimum: Yearly – Rs.3,000 Half-yearly – Rs.2000 Quarterly – Rs.1,250 Monthly – Rs.300 Maximum: No limit* | Minimum: Rs.50 lakh Maximum: No limit* |
Edelweiss Saral Jeevan Bima | 18-65 | Minimum:
Maximum: No limit | Rs.5 lakh to Rs.25 lakh |
*: Depending on the underwriting policy approved by the Board
Edelweiss Life Wealth Creation Plans
Edelweiss Life Insurance provides eight wealth creation plans that offer life cover till 100 years of life insured along with wealth accumulation, sum assured and booster addition for enhanced coverage, tax benefits, and many other advantages. Here are the details about various wealth creation plans offered by Edelweiss Life Insurance:
Wealth Creation Plans | Entry Age | Premium Value | Base Sum Assured |
Edelweiss Life Wealth Secure+ | Minimum: 0-50 years Maximum: 0-60 years | Premium Paying term less than 10 years:
Premium paying term more than 10 years:
| Minimum: 7 x Annualised Premium Maximum: 10 x Annualised Premium |
Edelweiss Life Wealth Plus | 1-55 years | Minimum: Rs.5000 Maximum: Not more than total base premium paid | 10 x Annualised Premium |
Edelweiss Life Capital Secure+ | Contact the customer care support | ||
Edelweiss Life Wealth Gain+ | 0-50 years | Rs.5000 | Higher of (10, Policy Term/2) multiplied by Annualised Premium |
Edelweiss Life Wealth Premier | Single life: 8-65Joint life: 18-65 | Minimum: Rs.10 lakhMaximum: No limit | Minimum: 1.25 x Single Premium Maximum: 10 x Single Premium |
Edelweiss Life Wealth Ultima | Minimum: up to 17 years Maximum: 17 to 70 years - Varies depending on premium paying term (PPT) | Contact the customer care support | |
Edelweiss Life Group Wealth Accumulation | Contact the insurance provider | ||
Edelweiss Life Wealth Rise+ | Minimum: up to 18 years Maximum: up to 50 years |
| Minimum: 7 Times Annualized Premium Maximum: 10 times Annualized Premium * Varies depending on plan option and premium paying moder |
Edelweiss Life Guaranteed Income Plan
Edelweiss Life Insurance provides three guaranteed income plans that provides enhanced life coverage of up to ten times of the premium amount along various other benefits such as Guaranteed Accrual Addition, death benefits, maturity benefits, financial protection against critical illness, and many more. Here are more details about various retirement plans offered by Edelweiss Life Insurance:
Guaranteed Income Plans | Entry Age | Premium Value | Base Sum Assured on Death |
Edelweiss Life Single Pay Endowment Assurance Plan: | Minimum: 3-8 years Maximum: 30-70 years | Minimum: Rs.40,000 Maximum: No limit | Minimum: Option A: Rs.4 lakh Option B: Rs.50,000 Maximum: No limit |
Edelweiss Life GCAP | 91 days to 55 years |
| Minimum: Rs.1.65 lakh Maximum: No limit |
Edelweiss Income Builder | Minimum: 6-18 years Maximum: 50-55 years | Minimum:
Maximum: No limit | Minimum: Regular Premium: Rs.3 lakh Single Premium: Rs.1.25 lakh Maximum: No limit |
Edelweiss Life Retirement Plans
Edelweiss Life Insurance provides eight retirement plans that offer financial assistance to family members in the event of the untimely demise of the policy holder, along with several other benefits. These benefits include enhanced coverage, guaranteed returns, tax benefits, family income benefits, flexibility to customise the plan with premium paying term options, rider options, and many more. Here are details about the various retirement plans offered by Edelweiss Life Insurance:
Retirement Plans | Entry Age | Premium Value | Sum Assured |
Edelweiss Life Flexi-Savings Plan | 0-65 years | Minimum:
Maximum: No limit | Minimum: Rs.3.50 lakh Maximum: No limit |
Edelweiss Life Guaranteed Savings STAR | Minimum: 0-18 yearsMaximum: 50-65 years | Minimum: 1.Base option:·With Family Income Option
Maximum: No limit | Minimum: For both plan options: Online Channel: Rs.60,000 Other Channel: Rs.2.40 lakh Maximum: No limit |
Edelweiss Life Premier Guaranteed STAR | 0-65 years | Minimum:
Maximum: No limit | Minimum: Rs.5 lakh Maximum: No limit |
Edelweiss Life Premier Guaranteed Income | Minimum: 0-40 yearsMaximum: 48-65 years | Minimum: For all plan options
Maximum: No limit | Minimum: For all plan options: Rs.5 lakh Maximum: No limit |
Edelweiss Life Bharat Savings STAR | Minimum: 0-3 years Maximum: Contact the customer care of the insurance provider | Minimum:
Maximum:
|
|
Edelweiss Life guaranteed growth plan | Minimum: 0-18 years Maximum: 55-60 years | Minimum:
Maximum: No limit | Minimum:
Maximum: No limit |
Edelweiss Life Easy Pension | 18-75 years | Single Pay: Rs.45,000 Limited/Regular Pay:
| Contact the customer care for sum assured value. |
Edelweiss Life Cash Flow Protection Plus | 91 days- 55 years | Rs.9,835 | Minimum: Rs.2 lakhMaximum: No limit |
Edelweiss Life Health Insurance Plans
Edelweiss Life insurance provides one health insurance plan, Edelweiss Life Criticare+, that ensures financial support in case of a diagnosis of critical illness. The plan provides coverage against 17 critical illnesses and allows three claims on diagnosis of three critical illnesses under MultiClaim option:
Health Insurance Plan | Entry Age | Premium Value | Sum Assured |
Edelweiss Life Criticare+ | 18-65 years | Rs.2000 | Minimum: Rs.5 lakh Maximum: Rs.1 crore |
Edelweiss Life Group Solutions
Edelweiss Life Insurance provides five group solutions plans that offers financial assistance to the group against unforeseen events such as death and/or terminal illness. It provides several other benefits including surrender benefit from the first year of policy, single premium payment, and many more. Five Edelweiss Life Group Solutions plans are as given below:
Group Solutions | Entry Age | Premium Value per member | Sum Assured |
Edelweiss Life Group Life Protection | 16-80 years | Contact to the customer care | Minimum: Rs.1000 per member Maximum: No limit |
Edelweiss Life Group Employee Benefit Plus | 18-80 years | Contact to the customer care | Rs.5000 per member |
Edelweiss Life Group Credit Protection | 18-65 years | Contact to the customer care | Rs.10,000 per member |
Edelweiss Life Pradhan Mantri Jeevan Jyoti Bima Yojana | 18-54 years | Minimum premium payable per person:
Maximum premium payable per person: Rs.330 | Rs.2 lakh per member |
Edelweiss Life Group Total Secure | Minimum: 14-18 years Maximum: 65-70 years | Minimum: Rs.400 Maximum: According to approved underwriting policy | Minimum: Rs.5000 Maximum:
|
Edelweiss Life Micro-Plans
Edelweiss Life Insurance provides three micro plans designed for a small group of members at an affordable premium. It also offers various benefits such as flexibility to choose between Single or Regular Pay options and flexibility to choose from various premium payment options, among others. Here are the details of the three Edelweiss Life Micro-Plans:
Micro Plans | Entry age | Premium Value | Sum Assured per member |
Edelweiss Life Jan Suraksha | 18-60 years | Minimum: Rs.50 Maximum:
| Minimum: Rs.1000 Maximum: Rs.2 lakh |
Edelweiss Life Raksha Kavach | 18-50 years | Contact customer care | Minimum: Rs.5000 Maximum: Rs.50,000 |
Edelweiss Life Gramin Bima | 18-60 years | Minimum: Rs.25 Maximum: As per underwriting approved by the Board | Minimum: Rs.1000 Maximum: Rs.2 lakh |
Edelweiss Life Insurance Customer Care
Here are the contact details of Edelweiss Life Insurance company:
- Email: care@edelweisslife.in
- Toll-free number: 1800 2121 212
Branch Address: On the official website of Edelweiss Life Insurance, navigate to the ''Customer Service'' tab and click on ''Contact Us''. Fill up the required details in the fields for 'Branch Locator''. The address of the local branch office will be displayed on the page.
FAQs on Edelweiss Life Insurance
- What is the most convenient way to contact Edelweiss Life Insurance?
You can reach out to Edelweiss Life Insurance at its toll-free number 1800 2121 212.
- How do I renew my policy with Edelweiss Life Insurance policy online?
You can renew your policy online by visiting the official website of Edelweiss Life Insurance. Click on the ''Customer Service'' tab and choose ''Renew Your Policy'' from the dropdown menu. Fill in your policy number and date of birth in the relevant fields. Once you are logged in, you will be able to renew your policy.
- How do I cancel my existing policy with Edelweiss Life Insurance?
You need to fill in a surrender form and submit it to any of the branch offices along with the cancellation charges. Within a period of around ten days, the policy will be cancelled on record.
- How will the refunds be calculated post cancellation of the policy?
The refund will be calculated based on NAV of the current market price.
- How Can I locate a branch of Edelweiss near me?
Branch locations are available on the website. Simply, click on the branch locater. Fill in the details and search. Navigate to the ''Customer Service'' tab and click on ''Contact Us''. Fill up the required details in the fields for 'Branch Locator''. The address of the local branch office will be displayed on the page.
- What are the options for renewing my premium?
You can make renewal payments via cheque or NEFT.
- Will I receive a full refund if I cancel the insurance before it is issued?
Yes, all existing Wealth Builder customers' death benefits will be computed in accordance with the new Wealth Builder.
- Is it possible to surrender an expired policy?
You cannot surrender a policy that is in the lapsed stage. Before surrendering the policy, it must be revived.
- What is the difference between life assured and proposer?
The proposer is the person who proposes the policy and thus owns it. The life assured is the person who is insured under the plan and is not always the proposer. The proposer and life assured might be the same person or two separate people.
- How can I correct the error I made when filling out the online form after the pdf has been produced?
If there is an error in the created PDF, you can go back and correct it. Once you have rectified the errors, a new PDF will be created.
- What should I do if my payment transaction is unsuccessful?
If your payment transaction has failed, you will be redirected to the payment page to select an alternative payment method.
- Can I change the nominee during the policy term?
Yes, you will have to visit your nearest Edelweiss Life Insurance branch and submit a duly signed application accompanied by the nominee's identity proof. A nomination form is also provided to help in the process.
- How much time does it take to process the claim?
It takes 24 hours from the submission of all required documents and relevant information to settle the claim.
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