Edelweiss Tokio Life Insurance FAQs

Electronic Clearing Service or ECS has been replaced by National Automated Clearing House (NACH) which is for policyholders who tend to forget the premium due date.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.

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.

The monthly pension received under Edelweiss Tokio pension plans would be considered as income and hence would be subject to income tax deductions.

The Edelweiss Tokio Life Insurance term insurance plans provide immediate financial security to the insured person's family on his/her unfortunate death.

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.

If all the documents are in order, Edelweiss Tokio Life Insurance will not take more than 24 hours to honour the claim.

Edelweiss Tokio Life Insurance will credit the nominee/claimant’s bank account with the claim amount.

Yes, Edelweiss Tokio Life Insurance can decline the insurance claim under the following conditions.

1. The policy is not in force OR
2. An exclusion condition applies OR
3. The claim is a fraudulent one.

Yes, Edelweiss Tokio Life Insurance offers ten different online plans where customers can purchase insurance policies online.

Yes, Policyholders can pay their premium online and renew their Edelweiss Tokio Life insurance policies.

Depending on the Edelweiss Tokio Life insurance policy you choose, you can add the special riders.

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.

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.

The online buying process saves time and unnecessary documentation. It also ensures the occurrences of fewer mistakes.

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.

Yes, the minimum lock-in period in the Edelweiss Tokio Life Insurance ULIP is five years from the date of policy issuance.

No, the premium calculation depends on the plan you choose. There is the same calculator to determine premium amounts.

Yes, you get a nominal concession when you pay the Edelweiss Tokio Life Insurance premium amount annually.

Each rider comes with a specific additional load on the premium amount.

It is not compulsory, but you get an accurate picture of the premium payment when you use this premium calculator.