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What is the primary benefit of purchasing an online insurance plan from Edelweiss Tokio Life Insurance?
The most significant benefit of an online insurance plan is that it saves time for the policyholder and the company. Besides, there are fewer chances of errors in online policies.
What is the ECS/NACH facility in the Edelweiss Tokio Life Insurance policies?
Electronic Clearing Service or ECS has been replaced by National Automated Clearing House (NACH) which is for policyholders who tend to forget the premium due date. This facility allows them to connect their savings account with their policy and at every due date the premium amount is automatically deducted from their account and the policy is renewed without the policyholders doing anything.
What are the benefits of riders in Edelweiss Tokio Life Insurance policies?
Customers pay a higher premium on selecting one or more riders when purchasing an insurance policy. These riders provide additional benefits to the customer if the events mentioned in the rider policy fructifies.
What are the tax benefits Edelweiss Tokio Life Insurance gives on pension plans?
The monthly pension received under Edelweiss Tokio pension plans would be considered as income and hence would be subject to income tax deductions.
What is the prime benefit of Edelweiss Tokio Life Insurance term insurance plan?
The Edelweiss Tokio Life Insurance term insurance plans provide immediate financial security to the insured person's family on his/her unfortunate death.
Where should the nominee/claimant submit the Edelweiss Tokio Life Insurance claim forms?
The claimant or the nominee should submit the necessary claim forms and documents at the nearest Edelweiss Tokio Life Insurance branch or its head office.
Who is entitled to register the Edelweiss Tokio Life Insurance claim?
The nominee can register the claim in the case of a death claim. The policyholder has to register the claim for health and critical illness claims.
How much time will Edelweiss Tokio Life Insurance take to honour the claim?
If all the documents are in order, Edelweiss Tokio Life Insurance will not take more than 24 hours to honour the claim.
How will Edelweiss Tokio Life Insurance pay the claim amount?
Edelweiss Tokio Life Insurance will credit the nominee/claimant’s bank account with the claim amount.
Can Edelweiss Tokio Life Insurance decline an insurance claim?
Yes, Edelweiss Tokio Life Insurance can decline the insurance claim under the following conditions.
- The policy is not in force OR
- An exclusion condition applies OR
- The claim is a fraudulent one.
Does Edelweiss Tokio Life Insurance offer COVID-19 insurance?
Yes, Edelweiss Tokio Life Insurance offers insurance cover for COVID-19 through its insurance plans.
Can you purchase an Edelweiss Tokio Life Insurance plan online?
Yes, Edelweiss Tokio Life Insurance offers ten different online plans where customers can purchase insurance policies online.
Does Edelweiss Tokio Life Insurance offer facilities to renew online?
Yes, Policyholders can pay their premium online and renew their Edelweiss Tokio Life insurance policies.
Can you add riders when you buy the Edelweiss Tokio Life Insurance policy?
Depending on the Edelweiss Tokio Life insurance policy you choose, you can add the special riders.
What is the free look period for the Edelweiss Tokio Life Insurance?
Edelweiss Tokio Life Insurance offers a 15-day free look period (30 days for online policies) where the customer can go through the policy terms and conditions and return it if not satisfied.
Can the customer apply for Edelweiss Tokio Life Insurance policies online?
Edelweiss Tokio Life Insurance offers the facility to purchase ten different insurance plans online.
What is an easy liquidity option in Edelweiss Tokio Wealth Plus policy?
Edelweiss Tokio Life Insurance Wealth Plus policy allows you to make a partial withdrawal in emergency situations after the completion of the 5th year of the policy.
What are the benefits of purchasing an Edelweiss Tokio Life Insurance plan online?
The online buying process saves time and unnecessary documentation. It also ensures the occurrences of fewer mistakes.
Does Edelweiss Tokio Life Insurance offer any child insurance plans?
Yes, Edelweiss Tokio Life Insurance offers insurance investment plans like Wealth Plus and few others that provide financial security to the child in the absence of the individual policyholder.
Is there any lock-in period in an Edelweiss Tokio Life Insurance ULIP?
Yes, the minimum lock-in period in the Edelweiss Tokio Life Insurance ULIP is five years from the date of policy issuance.
What are the factors that determine your Edelweiss Tokio Life Insurance premium amount?
Factors like age, income, gender, smoking habits, income, and the selection of specific riders determine your premium calculation. The policy term and premium payment frequency are also crucial factors.
Does every policy of Edelweiss Tokio Life Insurance plan require separate premium calculators?
No, the premium calculation depends on the plan you choose. There is the same calculator to determine premium amounts.
Is the annual premium different from the monthly Edelweiss Tokio Life Insurance premium amount?
Yes, you get a nominal concession when you pay the Edelweiss Tokio Life Insurance premium amount annually.
How does the selection of specific riders determine the Edelweiss Tokio Life Insurance premium?
Each rider comes with a specific additional load on the premium amount.
Is it compulsory to use the Edelweiss Tokio Life Insurance premium calculator?
It is not compulsory, but you get an accurate picture of the premium payment when you use this premium calculator.
Latest News on Edelweiss Tokio Life Insurance
- Riders are add-ons that help enhance the protection provided by insurance policies. Find out more on the advantage of having a rider.
- One of the better ways to organize your life investment cover is to use a Money Back guarantee. You will not only receive money at regular intervals during the policy term, a sum assured at the policy's conclusion, and bonus amounts as specified by the in
- A typical insurance policy usually pays out the sum assured if the insured dies within the policy term. The payout, sometimes known as a death benefit, was previously only available to the insured person's nominees or claimants. The insurance company is
- A money back policy is a type of life insurance that pays out cash at predetermined intervals. This money back is computed as a percentage of the policyholder's chosen sum assured. A money return policy gives you the extra advantage of insurance as well a
- The major benefit of money return insurance is that it provides a steady stream of income at predetermined periods, allowing the insured to meet his or her expenses during the policy's tenure. Furthermore, this plan provides a guaranteed return on investm
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Life Insurance News
Riders are add-ons that help enhance the protection provided...16 December 2021
One of the better ways to organize your life investment cove...26 October 2021
A typical insurance policy usually pays out the sum assured ...14 October 2021
A money back policy is a type of life insurance that pays ou...11 October 2021
The major benefit of money return insurance is that it provi...06 October 2021
Edelweiss Tokio Life Insurance User Reviews
Claim Process at Edelweiss Tokio Life Insurance
Claim IntimationIn the event of the death of the life assured, the insurance company should be intimated as early as possible.
Submission of DocumentsFor easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
Claim EvaluationAfter successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
Claim SettlementIf claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.