• Edelweiss Tokio Term Plan

     4.5 / 5.0   by 16 users
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    Edelweiss Tokio offers a range of term insurance plans to help the policyholder secure his family’s financial future in his absence. Each policy under the Edelweiss Tokio Term plan has extensive features and benefits.

    Types of Edelweiss Tokio Term Plan:

    The different types of Edelweiss Tokio term plans are listed below:

    1. Edelweiss Tokio Life - Income Replacement
    2. Edelweiss Tokio Life - Protection
    3. Edelweiss Tokio Life - MyLife+
    4. Edelweiss Tokio Life - Raksha Kavach

    Edelweiss Tokio Life - Income Replacement

    Income Replacement is Edelweiss Tokio’s term insurance plan where the death benefit is paid at an increasing rate every month post death.

    Parameters

    Minimum

    Maximum

    Entry Age

    18 years

    60 years

    Policy Term

    10 years

    30 years

    Benefit Expiry Age

    28 years

    80 years

    Monthly Benefit

    Rs.15,000

    No limit

    Premium Amount

    Depends on the age, coverage, tenure and the premium paying term.

    Sum Assured

    Monthly benefit amount*12*Term

    Premium Payment

    Option

    Equal to policy term or 5, 10 or 15 Pay or Single Pay

    Premium Payment

    Modes

    Yearly

    Edelweiss Tokio Life - Protection

    Edelweiss Tokio Life - Protection is a simple term offering that offers a lump sum to the life insured’s family in the case of his unfortunate death. With this plan, the family can maintain the lifestyle, provided by the policyholder when he was alive, while at the same time securing them from immediate expenses at the time of his death.

    Parameters

    Minimum

    Maximum

    Entry Age

    18 years

    60 years

    Policy Term

    10 years

    40 years

    Benefit Expiry Age

    28 years

    80 years

    Premium Amount

    Depends on the age, coverage, tenure and the premium paying term

    Sum Assured

    Rs.15 lakhs

    No limit

    Premium Payment

    Option

    Equal to policy term or 5, 10 or 15 Pay or Single Pay

    Premium Payment

    Modes

    Yearly

    Edelweiss Tokio Life - MyLife+

    MyLife+, offered by Edelweiss Tokio Life is a non-participating, non-linked Term Insurance Product that provides the policyholder the flexibility to choose the death benefit as lump sum or monthly payout or a combination of both. It also provides the flexibility to choose a cover for up to 80 years of age.

    Parameters

    Minimum

    Maximum

    Entry Age

    18 years

    60 years

    Policy Term

    10 years

    40 years

    Benefit Expiry Age

    -

    80 years

    Premium Amount

    Rs.2500

    No limit

    Sum Assured

    Rs.25 lakhs

    No limit

    Premium Payment

    Option

    Equal to policy term

    Premium Payment

    Modes

    Yearly

    Edelweiss Tokio Life - Raksha Kavach (Micro Insurance Plan)

    A micro term insurance plan, Raksha Kavach is designed for the people living in rural areas to provide them with life covers at minimal rates of premiums.

    Parameters

    Minimum

    Maximum

    Entry Age

    18 years

    50 years

    Policy Term

    5 years

    Benefit Expiry Age

    23 years

    55 years

    Premium Amount

    Depends on the age, coverage and tenure

    Sum Assured

    Rs.5,000

    Rs.50,000

    Premium Payment

    Option

    Equal to policy term or Single Pay

    Premium Payment

    Modes

    Yearly

    Key Features of Edelweiss Tokio Term Insurance Plan:

    • Attractive premium rates
    • Comprehensive protection plans
    • Flexible payout as lump sum, monthly, or a combination of both
    • Hassle-free claims
    • Easy online buying option
    • Quick documentation
    • Tax benefits under Sec 80C and 10 (10D) of the Income Tax Act 1961

    Example of Edelweiss Tokio Term Plan

    Mr. Ram, a non-smoker, aged 35 buys Edelweiss Tokio Term Plan for a sum Assured of Rs.50,00,000 for a policy term of 15 Years, on an annual mode. In the middle of the term, he meets with an accident and dies. On his accidental death, his beneficiary will receive the entire sum assured.

    Edelweiss Tokio Term Plan FAQs:

    1. Q. Will my policy lapse if I miss to pay a premium or if there is a delay in payment?

      1. No, the policy will not immediately lapse if you fail/forget to pay a premium. A grace period will be extended to the policyholder in order to make a premium payment.

    1. Q. Do all plans have an upper limit for the sum assured?

      1. There is no upper limit for sum assured for Edelweiss Tokio term plans, except for Raksha Kavach, where the maximum sum assured is Rs 50,000.

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

    Edelweiss Tokio Term Insurance Reviews

  • Page 1 of 1
    • Edelweiss Tokio Life Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I do have life insurance policy with the Edelweiss lief insurance company and the customer service is far better, also I have experienced them as much good while compare with the other competitors in the market.
      Was this review helpful? 0
      , goa
      Reviewed on Oct 17, 2017
    • Edelweiss Tokio Life Insurance
      "Hamesa aapke saath"
      0.5 5.0/5 "Blown Away!"
      I have take a life insurance for my kids with EDELWEISS TOKIO LIFE INSURANCE. The insurance tenure is for 15 years and they secure the whole life of my kids even after the maturity period. In any time of my life,if any thing happens to me then the paid amount will be given to my family and can continue my insurance without any failure. One drawback regarding them is poor customer service.
      Was this review helpful? 0
      , allahabad
      Reviewed on Sep 23, 2017
    • Edelweiss Tokio Life Insurance
      "Easy process to buy insurance online"
      0.5 4.5/5 "Excellent!"
      I wanted a term plan and compared all plans available in the market. I bought edelweiss mylife+ online without any hassle. All process is easy and self explanatory. I am satisfied with the process and services offered by Edelweiss Tokio Life.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 25, 2016
    • Edelweiss Tokio Life Insurance
      "Better policy"
      0.5 5.0/5 "Blown Away!"
      I have taken my life insurance from the Edelwiss tokio life insurance. I have taken a wealth builder plan from them. It covers accidental and hospital coverage. I only have to pay rupees 70 per month for this policy. I chose this policy only after looking into the coverage.
      Was this review helpful? 0
      , aurangabad
      Reviewed on May 26, 2016
    • Edelweiss Tokio Life Insurance
      "Good "
      0.5 4.0/5 "Great!"
      I do have the life insurance policy with the Edelweiss tokio life insurance company like its the term life insurance. Services are good with them and I dint found any issues with them. I am with them from the last five to six months of time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 25, 2016
    • Edelweiss Tokio Life Insurance
      "best"
      0.5 4.0/5 "Great!"
      In edelweiss tokoi life i have taken a term plan.We have to make the premium till our age of eight. Accidental and natural death coverage is been given.Policy coverage offered is one core. They are offering the premium waive off in case any unfortunate take place to the insurer. Payments can be done online.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Nov 23, 2015
    • Edelweiss Tokio Life Insurance
      "Best in returns!!!"
      0.5 5.0/5 "Blown Away!"
      It is a fast growing company. Fund value is grown with this company. It is the best company to invest for ulip plan. I have taken this policy before three years and every year I will around 24% of returns which is good. With EDELWEISS TOKIO LIFE INSURANCE their service is proper. Premium amount is similar as like other company. Maturity is for 5 years I can also extend it for another 5 years. So it very good policy and we also get good returns.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 23, 2015
    • Edelweiss Tokio Life Insurance
      "Good payment option"
      0.5 4.0/5 "Great!"
      I have selected EDELWEISS TOKIO LIFE INSURANCE because ICICI Executives recommended about this.I have taken a money back guarantee scheme with EDELWEISS TOKIO LIFE INSURANCE.Its basically a 20years plan and they have provided 10% as the interest for the and provide the amount after 4years.The payment option provided was really good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 16, 2015
    • Edelweiss Tokio Life Insurance
      "Good Benefits!"
      0.5 5.0/5 "Blown Away!"
      Premium of 25K is paid on yearly basis for the Edelweiss Tokio Life Insurance. The benefits are they are providing a good interest rate for the premium paid. The insurance tenure is of 10 years and I will be getting the money after maturity. There are additional benefits like accidental coverage .
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Oct 14, 2015
    • Edelweiss Tokio Life Insurance
      "Need To Improve..."
      0.5 1.0/5 "Really Bad"
      It was a bad experience with edelweiss tokio term insurance. I applied for a policy through an online portal but they did not come up with their commitments so I canceled the same and took my money back. I did nit get any kind of response from them.
      Was this review helpful? 1
      , new delhi
      Reviewed on Sep 18, 2015
    • Edelweiss Tokio Life Insurance
      "Have invested in equity..."
      0.5 3.0/5 "Satisfactory"
      I have several life insurance plans and infact I have invested in equity. Whatever the amount that I am paying to Edelweiss Tokio Life insurance they deposit it in share market. My insurance coverage is of 4.20lakhs and that is for sure and I get 2.25lakhs after five years. Coverage is not that much appreciable.
      Was this review helpful? 0
      , nagpur
      Reviewed on Aug 11, 2015
    • Edelweiss Tokio Life Insurance
      "Go with edelweiss"
      0.5 4.0/5 "Great!"
      I took the term insurance from the edelweiss tokio life insurance company. Everything is good with them. The coverage is around 2 crores. All the things what I had with them is the risk coverage plan. So far I have not claimed anything. Experience is good with them and the documentation is also good.
      Was this review helpful? 1
      , pune
      Reviewed on Aug 01, 2015
    • Edelweiss Tokio Life Insurance
      "Pension plan "
      0.5 4.0/5 "Great!"
      I have recently taken a pension plan with Edelweiss tokio Life Insurance and the service provided is very good.This pension plan is for 15years and I pay around 24295Rs as the premium for this Insurance.They do provide coverage for 7Lakh in this Insurance and I do my premium payments through cheque.
      Was this review helpful? 0
      , rajkot
      Reviewed on Jul 24, 2015
    • Edelweiss Tokio Life Insurance
      "Good "
      0.5 3.5/5 "Pretty good"
      I have a Life Insurance with EDELWEISS TOKIO with which I got recently enrolled.Its basically a term Insurance and after reading the policy docs I felt the process is quite complicated and its a term Insurance were the benefits should go to my parents and they should not suffer in the last minute to complete the formalities of insurance.
      Was this review helpful? 2
      , pune
      Reviewed on Jun 04, 2015
    • Edelweiss Tokio Life Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am holding a life insurance from Edelweiss Tokio life insurance. It is basically a term plan and it is for 30 years and it is a life coverage plan. I have attached the riders along with the insurance I have taken. If in case something happens to me I will be getting double the sum assured amount. I make my premium through online.
      Was this review helpful? 5
      , bangalore
      Reviewed on Apr 30, 2015
    • Edelweiss Tokio Life Insurance
      "Wonderful ...."
      0.5 5.0/5 "Blown Away!"
      I did apply life insurance of Edelweiss through online and all the procedures were processed over phone. I never visited the branch for anything and paid the premium via online. Infact this is protection plan and have to pay it for 15 years out of 20 years of tenure. At the end would get sum assured with some bonus.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Apr 10, 2015
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