Edelweiss Tokio Life Insurance Plans

Reduce your taxable income by up to Rs. 1.5 Lakh under Sec.80C
Pay premiums monthly, quartely, half-yearly or annualy
Enhance your cover through riders like permanent disability/accidental death rider

Edelweiss Tokio Life with a claim settlement ratio of 93.29% is a well-known insurance company which was established in the year 2011. It is known to offer various types of protection, savings, wealth enhancement, and accumulation plans.

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


Edelweiss Tokio Life Insurance Plans

The plans given below can be availed at any of the branches of Edelweiss Tokio Life in India.

Online Plans
  • Edelweiss Tokio Life Zindagi Plus
  • Edelweiss Tokio Life Totalsecure+
  • Edelweiss Tokio Life MyLife+
  • Edelweiss Tokio Life Wealth Ultima
  • Edelweiss Tokio Life Wealth Plus
  • Edelweiss Tokio Life GCAP
  • Edelweiss Tokio Life POS Saral Nivesh
  • Edelweiss Tokio Life Wealth Accumulation Accelerated Cover
  • Edelweiss Tokio Life CritiCare+
Term Plans
  • Edelweiss Tokio Life Zindagi Plus
  • Edelweiss Tokio Life Simply Protect
  • Edelweiss Tokio Life Protection
  • Edelweiss Tokio Life Income Replacement
  • Edelweiss Tokio Life TotalSecure+
  • Edelweiss Tokio Life MyLife+
Investment Plans
  • Edelweiss Tokio Life Income Builder
  • Edelweiss Tokio Life Wealth Ultima
  • Edelweiss Tokio Life Wealth Plus
  • Edelweiss Tokio Life Smart LifeStyle
  • Edelweiss Tokio Life Wealth Builder
  • Edelweiss Tokio Life GCAP
  • Edelweiss Tokio Life Guaranteed Income Plan
  • Edelweiss Tokio Life Wealth Accumulation (Privilege)
  • Edelweiss Tokio Life POS Saral Nivesh
  • Edelweiss Tokio Life Dhan Labh
  • Edelweiss Tokio Life Wealth Enhancement (Ace)
  • Edelweiss Tokio Life Wealth Accumulation Accelerated Cover
  • Edelweiss Tokio Life Wealth Accumulation (Cover Plus)
  • Edelweiss Tokio Life Single Pay Endowment Assurance Plan
  • Edelweiss Tokio Life Milestones Plan
  • Edelweiss Tokio Life Safe n Sure Plan
Retirement Plans
  • Edelweiss Tokio Life Immediate Annuity Plan
  • Edelweiss Tokio Life Cash Flow Protection Plus
  • Edelweiss Tokio Life Triple Advantage Plan
  • Edelweiss Tokio Life Cash Income
  • Edelweiss Tokio Life Pension Plan
  • Edelweiss Tokio Life Easy Pension
Health Plans
  • Edelweiss Tokio Life CritiCare+
Group Plans
  • Edelweiss Tokio Life Group Credit Protection
  • Edelweiss Tokio Life Group Employee Benefit Plan
  • Edelweiss Tokio Life Pradhan Mantri Jeevan Jyoti Bima Yojana
  • Edelweiss Tokio Life Group Life Protection
  • Edelweiss Tokio Life Group Wealth Accumulation
Micro Plans
  • Edelweiss Tokio Life Raksha Kavach
  • Edelweiss Tokio Life Dhan Nivesh Bima Yojana
Child Plans
  • Edelweiss Tokio Life EduSave

Online Plans

The different types of online plans offered by Edelweiss Tokio are:

Type of the plan Minimum and maximum entry age Basic sum assured Premium payment term (PPT) Policy term
Edelweiss Tokio Life – Zindagi Plus Minimum age of entry for life insured: 18 years Maximum age of entry for life insured:
  • For life cover along with regular pay and level sum assured: 65 years
  • For life cover with payment option “Pay Till 60”: 50 years
  • For life cover with reducing sum assured and regular pay: 55 years
  • For life cover with reducing sum assured and payment option “Pay Till 60”: 50 years
Minimum basic sum assured:
  • In case the policyholder selects Top Up Benefit, Better Half Benefit, or Life Stage Benefit: Rs.50 lakh
  • In case of any another scenario: Rs.25 lakh
Maximum basic sum assured:
  • No limitation (subject to Board-approved underwriting policies)
  • For regular pay: 10 years
  • For ‘Pay Till 60’ payment option: (60 - Entry Age + 1) years
Minimum policy term:
  • For regular pay: 10 years
  • For ‘Pay Till 60’ payment option: 15 years
Maximum policy term: 62 years
Edelweiss Tokio Life – MyLife+ Minimum age of entry: 18 years (as of last birthday of the policyholder) Maximum age of entry: 60 years (as of last birthday of the policyholder) Minimum basic sum assured: Rs.25 lakh Maximum basic sum assured: No limitations (subject to Board-approved underwriting policies) Regular pay only Policyholder can choose policy term of 10, 15, 20, 25, 30, 35,40 years
Edelweiss Tokio Life - TotalSecure+ Minimum age of entry - 18 years (as of last birthday of the policyholder) Maximum age of entry - 65 years (as of last birthday of the policyholder) Minimum basic sum assured: Rs.25 lakh Basic sum assured for critical illness: Rs.5 lakh For life cover: Single Pay Limited Pay: 5,10,15,20,25 years For Life and Comprehensive Cover and Life and Basic Health Cover: Regular pay For life cover:
  • Minimum policy term: 10 years
  • Maximum policy term: 62 years
For Life and Comprehensive Cover and Life and Basic Health Cover:
  • Minimum policy term: 10 years
  • Maximum policy term: 40 years
Edelweiss Tokio Life Wealth Plus
  • Minimum age of entry - 1 year (as of last birthday of the policyholder)
  • Maximum age of entry - 55 years (as of last birthday of the policyholder)
The basic sum assured offered in the plan is 10 times the annualised premium For limited pay
  • Minimum PPT - 5 years
  • Maximum PPT - One year less than the policy term
For regular pay: PPT is same as policy term
Policyholders can choose a policy term from 10 to 20 years
Edelweiss Tokio Life Wealth Ultima Minimum entry age: With little champ benefit -
  • For life insured: 0 years
  • For the policyholder: 18 years
Without the little champ benefit -
  • For life insured: 0 years
Maximum age at entry for the option ‘With little champ benefit’: For 5 pay PPT:
  • Life insured - 17 years
  • Policyholder - 70 years
For 6 & 7 pay PPT:
  • Life insured - 17 years
  • Policyholder - 70 years
For 8 pay PPT:
  • Life insured - 17 years
  • Policyholder - 70 years
For 9-13 pay PPT:
  • Life insured - 17 years
  • Policyholder - 65 years
For 14-27 pay PPT:
  • Life insured - 17 years
  • Policyholder - 60 years
For 28-30 pay PPT:
  • Life insured - 17 years
  • Policyholder - 55 years
Maximum age at entry for the option ‘Without the little champ benefit’ for the life insured only:
  • For 5 pay PPT - 50 years
  • For 6 & 7 pay PPT - 55 years
  • For 8 pay PPT - 60 years
  • For 9-13 pay PPT - 60 years
  • For 14-27 pay PPT - 60 years
  • For 28-30 pay PPT - 60 years
  • For 31 and above PPT - 60 years
For base premium policies: For entry age 0 - 44 years:
  • Minimum sum assured - Higher of (10, PT/2) * Annualised premium (AP)
  • Maximum sum assured - Higher of (10, PT/2) * AP
For entry age of 45 years or more:
  • Minimum sum assured - Higher of (7, PT/4) * AP
  • Maximum sum assured - 10 * AP
For top-up premiums: For entry age 0 - 44 years:
  • Minimum sum assured - 1.25 * TP
  • Maximum sum assured - 10 * TP
For entry age of 45 years or more:
  • Minimum sum assured - 1.1 * TP
  • Maximum sum assured - 5 * TP
For policy term of 10-30 years for option ‘With Little Champ Benefit’:
  • Regular pay - Will be available if the maturity age of the life insured is either 30 years or less than that
  • For limited pay - 5 years subject to a minimum of one year policy term or 30 years minus the entry age of the life insured
For policy term of 31 years or more:
  • Regular pay - Unavailable
  • Limited pay - 5 years to 30 years minus the entry age of the life insured
For policy term of 10-30 years for option ‘Without Little Champ Benefit’:
  • Regular pay - Available
  • Limited pay - 5 years to (1 year policy term)
For policy term of 31 years or more:
  • Regular pay - Available
  • Limited pay - 5 years to 30 years
Minimum policy term that can chosen by the life insured - 10 years Maximum policy term -
  • For 5-6 pay PPT - 70 minus the entry age
  • For 7 pay PPT and above - 100 minus entry age
Edelweiss Tokio Life – GCAP Minimum age of entry - 91 days (as of last birthday of the policyholder) Maximum age of entry - 55 years (as of last birthday of the policyholder) Sum assured available upon death of the policyholder:
  • Minimum - Rs.1.65 lakh
  • Maximum - No limitations
Sum assured available on maturity: Cumulative Annualized Premium = Annualized Premium X Premium Paying Term
The available premium payment terms are 5, 7, 10, and 12 years The policy is offered for fixed terms of 10, 15, 20, 25 and 30 years
Edelweiss Tokio Life POS Saral Nivesh Minimum age of entry - 1 year (as of last birthday of the policyholder) Maximum age of entry - 50 years (as of last birthday of the policyholder) Sum assured available on maturity:
  • Minimum sum assured - Rs.50,000
  • Maximum sum assured - Rs.10 lakh
The available premium payment terms are 5,7,10, and 12 years
  • The policy is offered for a term of 10 to 20 years if the PPT is 5, 7 or 10 years
  • The policy is offered for a term of 12 to 20 years if the PPT is 12 years
Edelweiss Tokio Life Wealth Accumulation Accelerated Cover Minimum age of entry - 5 years (as of last birthday of the policyholder) Maximum age of entry - 65 years (as of last birthday of the policyholder) Minimum basic sum assured -
  • If entry age is less than 45 years - AP × Higher of (10, 0.5 × PT)
  • If entry age is 45 years or more - AP × Higher of (7, 0.25 × PT)
Maximum basic sum assured -
  • For regular and limited pay, if the entry age is less than 45 years, maximum sum assured will be AP × 25
  • If the entry age is 45 years or more, then maximum sum assured will be AP × 20
For regular premium - equal to the policy term For limited premium - 5, 7, or 10 years The policy is available for fixed terms of 10, 15, 20, 25, and 30 years
Edelweiss Tokio Life - CritiCare + Minimum age of entry - 18 years (as on last birthday of the policyholder) Maximum age of entry - 65 years (as on last birthday of the policyholder) Minimum basic sum assured - Rs.5 lakh Maximum basic sum assured - Rs.1 crore Regular pay only Minimum policy term available - 5 years Maximum policy term available - 30 years

Term plans

The different term insurance plans offered by Edelweiss Tokio are mentioned below:

Type of the plan Minimum and maximum entry age Basic sum assured Premium paying term (PPT) Policy term
Edelweiss Tokio Life – Total Secure+ Minimum age of entry - 18 years (as on last birthday of the policyholder) Maximum age of entry - 65 years (as on last birthday of the policyholder) Basic sum assured - Rs.25 lakh Critical illness sum assured - Rs.5 lakh For life cover
  • Single pay
  • Limited pay - 5, 10, 15, 20, and 25 years
  • Regular pay
For life and Comprehensive Cover and life and basic health cover
  • Regular pay only
For life and comprehensive cover and life and basic health cover:
  • Minimum policy term - 10 years
  • Maximum policy term - 40 years
For life cover:
  • Minimum policy term - 10 years
  • Maximum policy term - 62 years
Edelweiss Tokio Life Income Replacement Minimum age of entry - 18 years (as on last birthday of the policyholder) Maximum age of entry - 60 years (as on last birthday of the policyholder) The ‘monthly benefit’ chosen will be given out, which will increase at the rate of 5% every year, till the end of the policy term For single and regular pay - 5, 10, if the policy term is 20 years or more and 15 years if the policy term is 25 years or more Minimum policy term - 10 years Maximum policy term - 30 years
Edelweiss Tokio Life Protection Minimum age of entry - 18 years (as on last birthday of the policyholder) Maximum age of entry - 60 years (as on last birthday of the policyholder) Minimum basic sum assured - Rs.15 lakh Maximum - No limitations (subject to Board-approved underwriting policies) For single and regular pay - 5, 10, if the policy term is 20 years or more and 15 years if the policy term is 25 years or more Minimum policy term - 10 years Maximum policy term - 30 years
Edelweiss Tokio Life MyLife+ Minimum age of entry - 18 years (as on last birthday of the policyholder) Maximum age of entry - 60 years (as on last birthday of the policyholder) Minimum basic sum assured - Rs.25 lakh Maximum - No limitations (subject to Board-approved underwriting policies) Regular pay only The policy is offered for fixed terms of 10, 15, 20, 25, 30, 35, and 40 years
Edelweiss Tokio SimplyProtect Minimum age of entry - 18 years (as on last birthday of the policyholder) Maximum age of entry - 65 years (as on last birthday of the policyholder) Minimum basic sum assured - Rs.25 lakh Maximum - No limitations (subject to Board-approved underwriting policies) Single/limited pay of 5, 10, 15, and 20 years and regular pay The policy is offered for a fixed term between 10 and 40 years If the coverage is extended up to 80 years of age, then policy term will be 62 years
Edelweiss Tokio Life Zindagi Plus Minimum age of entry for the life insured - 18 years Maximum age of entry -
  • For life cover with regular pay PPT and level sum assured - 65 years
  • For life cover with the payment option ‘Pay Till 60’ and level sum assured - 50 years
  • For life cover with regular pay and reducing sum assured - 55 years
  • For life cover with the payment option ‘Pay Till 60’ and a reducing sum assured - 50 years
Minimum sum assured amount:
  • For Top Up Benefit, Life Stage Benefit, or Better Half Benefit - Rs.50 lakh
  • For any other scenario - Rs.25 lakh
Maximum - No limitations (subject to Board-approved underwriting policies)
For regular pay - 10 years For the option ‘Pay Till 60’ - (60 - entry age + 1) years Minimum policy term:
  • Regular pay - 10 years
  • ‘Pay Till 60’ - 15 years
Maximum policy term - 62 years

Investment Plans

The different investment plans offered by Edelweiss Tokio are mentioned below:

Type of the plan Minimum and maximum entry age Basic sum assured Premium paying term (PPT) Policy term
Edelweiss Tokio Life Income Builder For the base option, minimum entry age is:
  • 12 years for a 6-year policy term
  • 11 years for a 7-year policy term
  • 10 years for a 8-year policy term
  • 8 years for a 10-year policy term
  • 6 years for a 12-year policy term
For secured income option, minimum entry age is 18 years For the base option, maximum entry age is 55 years
Minimum basic sum assured on death of the policyholder:
  • For single premium - Rs.1.10 lakh
  • For regular premium - Rs.3 lakh
Maximum basic sum assured on death of the policyholder - No limitations (subject to underwriting policies)
For single premium - 1 year PPT For regular premium - 7, 10, and 12 years For the base option:
  • For single premium - 6, 8, 10, and 12 years
  • For regular premium - 7, 10, and 12 years
For the secured income option - 7, 10, and 12 years
Edelweiss Tokio Wealth Plus Minimum age of entry - 1 year (as on last birthday of the policyholder) Maximum age of entry - 55 years (as on last birthday of the policyholder) The basic sum assured amount is 10 times the annualised premium For limited pay:
  • Minimum PPT - 5 years
  • Maximum PPT - 10 to 20 years - 1
For regular pay: PPT ranges from 10 to 20 years
The policy is offered for fixed terms that range from 10 to 20 years
Edelweiss Tokio Smart Lifestyle For the base option:
  • Minimum entry age - 1 year
  • Maximum entry age - 50 years
For the family protection option:
  • Minimum entry age - 18 years
  • Maximum entry age - 40 years
Minimum maturity sum assured - Rs.1 lakh Maximum maturity sum assured - No limitations (subject to Board-approved underwriting policies) The available PPTs are 5, 7, 10, and 12 years The following policy terms are available:
  • 10 to 20 years for 5-year PPT
  • 10 to 20 years for 7-year PPT
  • 15 to 20 years for 10-year PPT
  • 15 to 20 years for 12-year PPT
Edelweiss Tokio Life Wealth Ultima Minimum entry age for ‘With Little Champ Benefit’ option for all PPTs:
  • 0 years for life insured
  • 18 years for policyholder
Minimum entry age for ‘Without Little Champ Benefit’ option for all PPTs: 0 years for the life insured Maximum entry age for ‘With Little Champ Benefit’ Option:
  • For 5-pay PPT - 17 years for life insured and 70 years for policyholder
  • For 6 & 7 pay PPT - 17 years for life insured and 70 years for policyholder
  • For 8-pay PPT - 17 years for life insured and 70 years for policyholder
  • For 9 - 13 pay - 17 years for life insured and 65 years for policyholder
  • For 14-27 pay - 17 years for life insured and 60 years for policyholder
  • For 28-30 pay - 17 years for life insured and 55 years for policyholder
Maximum entry age for ‘Without Little Champ Benefit’ Option:
  • 5 pay - 50 years
  • 6&7 pay - 55 years
  • 8 pay - 60 years
  • 9-13 pay - 60 years
  • 14-27 pay - 60 years
  • 28-30 pay - 60 years
  • 31 & above pay - 60 years
For base premiums:
  • If entry age is 0 - 44 years, minimum sum assured is Higher of (10, PT/2) * AP
  • If entry age is 45 years or more, minimum sum assured is Higher of (7, PT/4) * AP
  • If entry age is 0 - 44 years, maximum sum assured is Higher of (10, PT/2) * AP
  • If entry age is 45 years or more, maximum sum assured is 10 * AP
For top-up premiums:
  • If entry age is 0 - 44 years, minimum sum assured is 1.25 * TP
  • If entry age is 45 years or more, minimum sum assured is 1.1 * TP
  • If entry age is 0 - 44 years, maximum sum assured is 10 * TP
  • If entry age is 45 years or more, maximum sum assured is 5 * TP
For option 1:
  • If policy term is 10-30 years, regular and limited pay PPT available
  • If policy term is 31 years or more, regular and limited pay are available
Minimum policy term - 10 years Maximum policy term:
  • For 5-6 PPT - 70 minus the entry age
  • For 7 pay PPT or more - 100 minus the entry age
Edelweiss Tokio Life Wealth Builder Minimum age of entry - 3 years Maximum entry age - 55 years
  • The death sum assured or death benefit will be higher of 10 times the annualised premium or maturity sum assured plus large premium benefit
  • The maturity sum assured will be PPT multiplied by the annualised premium
The available PPTs are 5, 7, and 10 years The policy is offered for fixed terms of 10 and 15 years
Edelweiss Tokio Life Guaranteed Income Plan Minimum age of entry - 3 years Maximum age of entry - 50 years Minimum basic sum assured - Rs.4.84 lakh Maximum basic sum assured - No limitations (subject to underwriting policies) The available PPT is 15 years The policy is offered for a fixed term of 15 years
Edelweiss Tokio Life Wealth Accumulation (Privilege) Minimum age of entry - 5 years Maximum age of entry - 65 years Minimum basic sum assured:
  • If entry age is less than 45 years - Annualised premium X Higher of (10, 0.5 × Policy term)
  • If entry age is 45 years or more - Annualised premium X Higher of (7, 0.25 × Policy term)
  • In case of top-up premiums - top-up premium × 1.25 if entry age is less than 45 years
  • top-up premium × 1.10 if entry age is 45 years or more
Maximum basic sum assured:
  • For regular pay and limited pay - Annualised premium X 25 if entry age is less than 45 years
  • Annualised premium × 20 if entry age is 45 years or more
  • In case of top-up premium plan, maximum sum assured will be top-up premium × 10
For regular premium - 10, 15, 20, 25, or 30 years For limited premium - 5, 7, or 10 years The policy is available for fixed terms of 10, 15, 20, 25, or 30 years
Edelweiss Tokio Life - GCAP Minimum age of entry - 91 days Maximum age of entry - 55 years Death benefit/Sum assured on death: Minimum amount - Rs.1.65 lakh Maximum amount - No limitations Maturity benefit/Sum assured on maturity: Cumulative AP = AP X PPT The available PPTs under the policy are 5, 7, 10, and 12 years The policy is offered for fixed terms of 10, 15, 20, 25, and 30 years
Edelweiss Tokio Life Dhan Labh Minimum age of entry - 91 days Maximum age of entry - 45 years The sum assured will be:
  • 10 X Annualised Premium or
  • Maturity benefit/sum assured or
  • 105% of the total premium payment
  • Any amount guaranteed to be paid on death
The available PPTs under the policy are 7, 10, and 12 years The policy is offered for fixed terms of 15, 20, 25, and 30 years
Edelweiss Tokio Life POS Saral Nivesh Minimum age of entry - 1 year Maximum age of entry - 50 years Maturity benefit/sum assured on maturity:
  • Minimum amount - Rs.50,000
  • Maximum amount - Rs.10 lakh
The available PPTs under the policy are 5, 7, 10, and 12 years
  • The policy term will be 10 to 20 years if PPT is 5, 7, or 10 years
  • The policy term will be 12 to 20 years if PPT is 12 years
Edelweiss Tokio Life Wealth Enhancement (Ace) Minimum age of entry - 5 years Maximum age of entry - 65 years Minimum sum assured:
  • Single premium X 1.25 if entry age is less than 45 years
  • Single premium X 1.10 if entry age is 45 years or more
For top-ups:
  • If age is less than 45 years during the top-up payment - 1.25 X top-up premium
  • If age is 45 years or more during the top-up payment - 1.10 X top-up premium
Maximum sum assured - single premium X 10 top-ups : top-up premium X 10
The PPT is single pay
  • The policy term will be 10, 15, and 20 years if entry age is less than 45 years
  • The policy term will be 10 years if entry age is 45 years or more
Edelweiss Tokio Life Wealth Accumulation Accelerated Cover Minimum age of entry - 5 years Maximum age of entry - 65 years Minimum sum assured:
  • Annualised premium X Higher of (10, 0.5 × PT) if entry age is less than 45 years
  • Annualised premium X Higher of (7, 0.25 × PT) if entry age is 45 years or more
For top-ups:
  • 1.25 X top-up premium if entry age is less than 45 years
  • 1.10 X top-up premium if entry age is 45 years or more
Maximum sum assured:
  • For limited and regular pay - Annualised premium X 25 if entry age is less than 45 years
  • Annualised premium X 20 if entry age is 45 years or more
  • For top-ups - 5 X top-up premium
Limited premium - 5, 7, and 10 years Regular premium - 10, 15, 20, 25 and 30 years The policy is offered for fixed terms of 10, 15, 20, 25 and 30 years
Edelweiss Tokio Life Milestones Plan Minimum age of entry:
  • 12 years if policy term is 30 years
  • 14 years if policy term is 16 years
  • 14 years if policy term is 20 years
  • 13 years if policy term is 25 years
Maximum age of entry:
  • 30 years if policy term is 30 years
  • 44 years if policy term is 16 years
  • 40 years if policy term is 20 years
  • 35 years if policy term is 25 years
Minimum sum assured - Rs.2.5 lakh Maximum sum assured - No limitations
  • 20 years PPT if policy term is 25 years
  • 24 years if policy term is 30 years
  • 12 years if policy term is 16 years
  • 16 years if policy term is 20 years
Minimum policy term - 16 years Maximum policy term - 30 years
Edelweiss Tokio Life Single Pay Endowment Assurance Plan Minimum entry age:
  • 8 years if policy term is 10 years
  • 3 years if policy term is 15 years
Maximum entry age:
  • 40 years if policy term is 10 years with death benefit option A
  • 70 years if policy term is 10 years with death benefit option B
  • 35 years if policy term is 15 years with death benefit option A
  • 65 years if policy term is 15 years with death benefit option B
Minimum sum assured with option A - Rs.4 lakh Minimum sum assured with option B - Rs.50,000 The available PPT is single pay only The policy is offered for a fixed term of 10 or 15 years
Edelweiss Tokio Life Safe n Sure Plan Minimum age of entry - 5 years Maximum age of entry - 55 years Minimum basic sum assured - Rs.2 lakh Maximum basic sum assured - No limitations The available PPT is 15 years The policy is offered for fixed terms of 15, 20, and 25 years
Edelweiss Tokio Life Wealth Accumulation (Cover Plus) Minimum age of entry - 5 years Maximum age of entry - 65 years Minimum sum assured:
  • AP X higher of (10, 0.5 PT) if entry age is less than 45 years
  • AP X higher of (7, 0.25 X PT) if entry age is 45 years or more
  • For top-ups-
  • 1.25 X top-up premium if entry age is less than 45 years
  • 1.10 X top-up premium if entry age is 45 years or more
Maximum basic sum assured: For limited and regular pay -
  • AP X 25 if entry age is less than 45 years
  • AP X 20 if entry age is 45 years or more
  • For top-ups - top-up premium X 5
Limited premium - 5, 7, 10 years Regular premium - 10, 15, 20, 25 and 30 years The policy is offered for fixed terms of 10, 15, 20, 25, and 30 years

Retirement Plans

The different retirement plans offered by Edelweiss Tokio Life are mentioned below:

Type of the plan Minimum and maximum entry age Basic sum assured Premium paying term (PPT) Policy term
Edelweiss Tokio Life Triple Advantage Plan Minimum age of entry - 91 days Maximum age of entry - 55 years Maturity benefit:
  • Minimum amount - Rs.2 lakh
  • Maximum amount - No limitations
Death benefit:
  • Higher of (11 X Annualised Premium)
The available PPTs are 10, 15, 20, and 25 years The policy term will be 100 - entry age of the life insured
Edelweiss Tokio Life Cash Income Minimum age of entry - 91 days Maximum age of entry - 50 years Minimum sum assured - Rs.2.65 lakh Maximum sum assured - no limitations The PPT under the policy is 20 years The policy term will be 100 - entry age of the life insured
Edelweiss Tokio Life Pension Plan Minimum age of entry - 18 years Maximum age of entry - 65 years Minimum sum assured:
  • For single pay - Rs.1.25 lakh
  • For any other pay - Rs.2 lakh
Maximum sum assured - no limitations
The PPTs under the policy are single pay, 10 pay, 5 pay, and regular pay For single pay, regular pay, and 5 pay - 10 to 40 years For 10 pay - 11 to 40 years
Edelweiss Tokio Life Easy Pension Minimum age of entry - 18 years Maximum age of entry - 75 years Death benefit is provided to the nominee upon death of the life insured The available PPTs under the plan are singe pay, regular pay, 5 pay, and limited pay Minimum - 10 years Maximum - 67 years
Edelweiss Tokio Life Immediate Annuity Plan Minimum age of entry - 18 years Maximum age of entry - 85 years Survival and death benefits are offered across seven annuity options Single pay only Life annuity

Health Plans

Edelweiss Tokio Life offers the below-mentioned health plan

Type of the plan Minimum and maximum entry age Basic sum assured Premium paying term (PPT) Policy term
Edelweiss Tokio Life - CritiCare+ Minimum age of entry - 18 years Maximum age of entry - 65 years Minimum sum assured - Rs.5 lakh Maximum sum assured - Rs.1 crore Regular pay only Minimum - 5 years Maximum - 30 years

Group Plans

The different group plans offered by Edelweiss Tokio Life are mentioned below:

Type of the plan Minimum and maximum entry age Basic sum assured Premium paying term (PPT) Policy term
Edelweiss Tokio Life Group Life Protection Minimum age of entry - 16 years Maximum age of entry - 80 years Minimum sum assured per member - Rs.1,000 Maximum - no limitations - The policy is offered for a fixed term of one year, which can thereafter be renewed every year
Edelweiss Tokio Life Group Wealth Accumulation Minimum age of entry - 18 years Maximum age of entry - 79 years Basic sum assured per member - Rs.1,000 - Policy term is not applicable under this policy
Edelweiss Tokio Life Group Credit Protection Minimum age of entry - 18 years Maximum age of entry - 65 years Basic sum assured per member - Rs.1,000 Single pay only Minimum - 2 years Maximum - 30 years
Edelweiss Tokio Life Group Employee Benefit Plan Minimum age of entry - 18 years Maximum age of entry - 80 years Basic sum assured per member - Rs.1,000 - The policy is offered for a fixed term of one year, which can thereafter be renewed every year
Edelweiss Tokio Life Pradhan Mantri Jeevan Jyoti Bima Yojana Minimum age of entry - 18 years Maximum age of entry:
  • For new members - 50 years
  • For renewals - 54 years
Minimum sum assured per member - Rs.2 lakh Maximum sum assured per member - Rs.2 lakh - The policy is offered for a fixed term of one year, which can thereafter be renewed every year

Micro Plans

The different micro plans offered by Edelweiss Tokio Life are mentioned below:

Type of the plan Minimum and maximum entry age Basic sum assured Premium paying term Policy term
Edelweiss Tokio Life Raksha Kavach Minimum age of entry - 18 years Maximum age of entry - 50 years (as on last birthday of the life insured) Minimum sum assured - Rs.50,000 Available PPTs are single pay and regular pay The policy is offered for a fixed term of 5 years
Edelweiss Tokio Life Dhan Nivesh Bima Yojana Minimum age of entry - 18 years Maximum age entry - 45 years Minimum sum assured - Rs.5,000 Maximum sum assured - Rs.25,000 Single premium The policy is offered for a fixed term of 10 years

Child Plans

Edelweiss Tokio Life offers the below-mentioned plan for children

Type of the plan Minimum and maximum entry age Basic sum assured Premium paying term Policy term
Edelweiss Tokio Life EduSave Minimum age of entry - 18 years Maximum age of entry - 45 years Minimum sum assured - Rs.2.25 lakh Maximum sum assured - no limits Available PPTs are regular pay and 10 pay Minimum - 10 years Maximum - 30 years

Edelweiss Tokio Life insurance Customer Care:

Edelweiss Tokio has a very sophisticated customer support system which has been set up to assist customers at every step of the insuring process. The insurer has set up multiple channels via which customers can get in touch with the customer support team and resolve their queries and issues. Those who want to get in touch with the customer support team immediately can do by dialling on the toll free helpline number or even by filling up a simple form on the Edelweiss Tokio website under the Customer Service section. Alternately, customers can also get answers to their queries by using the instant chat service available on the insurer’s website. Those who have not been able to get in touch with the customer care via phone can also request a call back by providing their contact details in the website section dedicated to this. Furthermore, customers can also share their issues or feedback related to their policy with the customer care by visiting the Customer Service section on the website. Besides getting in touch with the customer care, the website also allows policyholders to carry out policy related requests such as make premium payments, renew their policy, track their policy application, get or view policy e-statements, view NAVs, request for unclaimed policy amount, view multiple premium payment options, and more.

Edelweiss Tokio Life Insurance FAQs:

  1. What is the most convenient way to contact Edelweiss Tokio Life Insurance?

    The toll free is the best option as it is hassle-free and toll-free: 1800 2121 212.

  2. What are the other ways to reach the company office?

    There is a Mumbai office. You can also reach the company online for any queries.

  3. How can I check the status of my policy?

    • Check the policy status online on their own website.
    • You will need to punch in the policy number and the policy holder’s date of birth, after that.
    • You can also call or reach them through mail

  4. What are the available modes for payment of premium available for me?

    There are two basic modes for payment of premium for Edelweiss Tokio Life, which have further many options:

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

  5. How Do I renew my policy with Edelweiss Tokio Life Insurance?

    Use auto direct debit options which can be availed online by feeding your login ID and password into on the website. You can also approach any of the branch offices or speak with the customer care regarding the renewal process on the phone.

  6. How Do my family or me, settle claims for a policy with Edelweiss Tokio Life Insurance?

    • Simply, submit the policy documents as well as claims form at any of the Edelweiss Tokio Life Insurance branch offices in your city.
    • Upon receiving and verification of the documents, it takes around 30 days’ time to settle the claims. The claims are settled through NEFT mode.

  7. How Do I cancel my existing policy with Edelweiss Tokio Life Insurance?

    You need to fill in a surrender form and submit it in any of the branch office along with the cancellation charges. Within a time frame of around 10 days the policy will be cancelled on record.

  8. How will the refunds be calculated post cancellation of the policy?

    The refund will be calculated based on NAV of the current market price.

  9. What types of life insurance plans are available from Edelweiss?

    The following types of plans are available from Edelweiss

    • Education funding
    • Living with impaired health
    • Retirement funding
    • Wealth enhancement
    • Wealth accumulation
    • Income replacement

  10. 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.

News About Edelweiss Tokio Life Insurance

  • Edelweiss Tokio launches Covid Shield+ insurance plan for COVID-19

    Edelweiss Tokio Life Insurance has introduced the Covid Shield+ to secure people’s finances due to the pandemic and its effect on the financial health of people. The new Covid Shield+ will be offering insurance coverage for COVID-19 and is designed to cater to the financial savings of people.

    With the cost of treatment of COVID-19 running into lakhs, the Covid Shield+ will be for a tenure of 1 year and the applicants must pay a one-time premium payment. The premium rates start at Rs.5,329 and the benefits of this plan include a minimum of Rs.10 lakh post-24-hour ICU or HDU hospitalisation due to COVID-19.

    The policy will also trigger a minimum enhances term cover of Rs.25 lakh which is assured. This insurance plan can be purchased by people between the ages of 18 and 65.

    17 November 2020

  • Edelweiss Tokio introduces COVID-19 life insurance plan

    The Edelweiss Tokio Life Insurance has launched their Covid Shield+ which will be India’s first individual COVID-19 life insurance product. This was launched to help various policyholders secure their money against the ongoing pandemic.

    The Covid Shield+ can be purchased online by people who are above the age of 18 to 65 years. The premium rate starts at Rs.5,329 and offers a critical illness benefit of a minimum of Rs.10 lakh post-24-hour ICU or HDU hospitalisaition due to COVID-19. Once diagnosed, the product will provide the holders with an enhanced term cover worth Rs.25 lakh which is assured.

    The company had stated that the Covid Shield+ will be a frontrunner in a niche product category which will cater to the increased protection needs of the people due to the pandemic. The product will carry a tenure of 1 year along with a substantial benefit for critical illness.

    13 November 2020

  • Edelweiss Financial Services to Divest Minority Stake in Edelweiss Insurance Brokers

    India-located Edelweiss Financial Services has successfully divested a minority stake in its very own subdivision – the Edelweiss Insurance Brokers (EIB) to the American Brokerage Firm known as Arthur J. Gallagher. Even though the financial details of the deal have not been disclosed, it is certain that one is under the wraps and will soon be known to the world. EIBL commenced its operations during the year 2005 by providing insurance solutions to individuals and institutions and by offering reinsurance solutions to the insurance companies and providers. The insurance broker has its headquarters in the financial capital of India – Mumbai city while having branches in the cities of Kolkata, Bengaluru, and New Delhi. This collaboration is a great opportunity for Gallagher to spread its operations in India and also to expand its commercial insurance footprint in the country, while staying in line with its own strategy of investing in market-leading business operations that in turn broaden their specialist capabilities while diversifying their geographical existence. The company’s CEO commented that it has been a pleasure connecting with a reputable name in the insurance sector of India. This partnership will bring Gallagher’s clients an expansive international access to markets.

    23 May 2019

  • Edelweiss Tokio’s Zindagi Plus Offers Better-Half Benefit Option

    Financial uncertainties are inevitable in life. They become even more life-threatening when there is a single earner in the family, as compared to a family that has multiple earners. In a household where one spouse is the sole breadwinner and the other is a homemaker, owning a comprehensive life insurance policy becomes extremely crucial. This is because if the earning spouse passes away suddenly, it will create a grave financial crunch for the non-earning member of the household. This is why it is equally important for both the spouses to be adequately covered in a life insurance policy.

    A traditionally typical term life insurance policy provides the death benefit sum assured to the nominee of the policy in the event of the policyholder’s death. However, this coverage might not be enough in the long run. In the absence of the sole earner, the surviving spouse is required to handle things financially at home. Edelweiss Tokio Life Insurance offers a term insurance policy – Zindagi Plus that basically provides an optional better-half benefit for the benefit of both the spouses. Under this option, if the primary policyholder passes away, the sum assured amount is given out instantly to the nominee of the policy along with the exemption of all future premiums. On top of this, a life insurance policy will be started off in the name of the surviving spouse, which will be worth 50% more than the original sum assured amount.

    This further ensures that the children are financially covered in the future.

    10 April 2019

  • Shoojit Sircar to direct TV commercials for Edelweiss Tokio Life Insurance

    Edelweiss Tokio Life Insurance announced on 19 February 2019 that well-known director Shoojit Sircar will direct two of its TV commercials. The director’s production house, Rising Sun Films, will produce the commercials. Robust activation and Out-of-home (OOH) activation will complement the launch of the commercials.

    According to Chief Marketing Officer of Edelweiss Tokio Life Insurance, the Zindagi Plus term insurance plan is one of the most sought after plans in the market. The plan offers an optional ‘better half benefit’ for its customers. This allows policyholders to cover not only their lives but the lives of their spouse as well, in case of any unforeseen circumstances. The Zindagi Plus plan forms the main element of the commercials. Shoojit Sircar said the script was simple and interesting. Regarding the music, the director further added that he had ample space to work with.

    21 February 2019

  • 28% rise in the net growth of Edelweiss Financial Services.

    Edelweiss Financial Services – one of the leading financial services providers in India witnessed 28% rise in its net profit for the December quarter. The net growth rose to Rs. 106 crore. In the previous year, the net profit was Rs.83 crore for the same quarter. Meanwhile, over the same period, the revenue of the company also increased to 41% leading to a growth of Rs. ?1,361 crore. The company provides a wide range of credits including Mortgages, Housing Finance, SME and Agri-finance to diversified clients. Currently, Edelweiss Financial Services has a total asset base of ?31,000 crore.

    21 January 2016

  • Tokio Marine to increase stake in Edelweiss Tokio Life

    Following the decision of the government allowing foreign companies to increase their stake in any joint ventures regarding insurance, Edelweiss Tokio Life, a life insurance company of India has achieved an approval from the Foreign Investment Promotion Board (FIPB) to increase the stake of its foreign partner Tokio Marine to 49%. As per government regulations, the foreign stakeholder has only 29% stake in the joint venture earlier.

    An additional foreign direct investment of Rs. 540 crore is speculated to be used towards expansion plans of the life insurance provider which includes a wider reach and better technology support. Following the approval from FIPB, a few other regulatory approvals would be needed to make Edelweiss Tokio Life to be the second insurance company with Indian management and increased foreign stakeholder ownership.

    27 August 2015

  • Edelweiss Reported A 17% Rise, Driven by Retail Lending Business

    Edelweiss Financial Services reported a 17% rise in its consolidated net profit. At Rs. 91 crore for the quarter that ended in June the well-known life insurance provider reported the improvement on the back of an overall increase in income, last Tuesday.

    According to the report, total revenue gained 43% to Rs. 1,168 crore, during the quarter lead primarily by its retail lending business.

    Edelweiss total credit book rose 72% to Rs. 16,431 crore accelerated by growth in mortgages that includes loan against property and real estate finance, housing finance, structured collateralised credit to corporates, SME and agri finance, distressed assets credit, and loan against securities and rural finance. The financial institution’s retail finance book rose 39% to a whopping Rs. 3,116 crore.

    "The diversified revenue mix has helped us achieve improvement in our performance on a sustained basis despite volatile environment." said Rashesh Shah, Chairman and chief executive.,

    The chairman also said that the operating environment is gradually progressing with comfortable liquidity driven by a rate cut in the current fiscal quarter. However, in the same period corporate earnings, credit growth and investment have not shown much upward movement.

    The company’s gross premium income from life insurance products rose by 44% to Rs. 32 crore.

    Mr. Shah, the Chairman also added that, the company is optimistic about the ARC opportunity as it would aid in releasing productive assets for the country’s economy and reduce the burden on commercial banks.

    27 July 2015

  • GCAP launched by Edelweiss Tokio Life Insurance

    The fastest growing life insurance company in India, Edelweiss Tokio Life Insurance recently launched the Edelweiss Tokio Life – GCAP life insurance plan which offers guaranteed returns. The plan comes with a Guaranteed Accrual Addition (GAA) and provides guaranteed maturity and death benefits. The Guaranteed Accrual Addition is payable either on death or maturity and is accrued yearly, starting from the 9th policy year, accruing till the maturity period. Factors like policy term, premium paying term, annualized premium, the gender and entry age of the life assured play a role in the accrual.

    This plan offers dual benefits to customers, offering not only an insurance cover but also a wealth accumulation plan for various needs and commitments. A policyholder is entitled to the sum assured on death plus the Cumulative Accrual Addition in the event of demise and receives the sum assured on maturity plus the Cumulative Guaranteed Accrual Additions on maturity. A loan facility is also available under the plan, which can be utilised once the policy acquires surrender value. The plan comes with a range of options for policy term, premium paying term and maturity payments.

    The minimum and maximum entry age to avail this plan are 91 days and 55 years respectively, with a minimum maturity age of 18 years and a maximum maturity age of 70 years. The policy term is available in multiples of 5, starting from 10 years and going on to 30 years. Customers have the option to choose either an annual, semi-annual, quarterly or monthly premium paying plan with the premium paying term being 5, 7, 10 and 12 years.

    1 July 2015

  • Tokio Marine to hike stake in Edelweiss Tokio

    Life Insurance player Edelweiss Tokio has filed an application with Foreign Investment Promotion Board (FIPB) to let its Japanese investor raise its current stake to 49%. The foreign partner held a 26% stake in the joint venture till now. This was revealed in a filing to BSE by Edelweiss Financial Services. The four year old general insurer is a tie-up between Japan’s Tokio Marine and India’s Edelweiss Financial Services. It operates in 49 cities with 59 branches. Many insurers have seen their foreign partners increasing their stake, after the Insurance Laws (Amendment) Bill, 2015 was passed in Parliament in March, 2015.

    1 June 2015

GST of 18% is applicable on life insurance effective from the 1st of July, 2017

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