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Edelweiss Tokio Term Insurance FAQs

159 reviews Rate This
Highlights
Claim Settlement Ratio97.01%
Customer Care9:00 AM to 9:00 PM
Death Benefit Paid For272 Policies
Inception2011
Presence116 Branches
Total Death Benefit Paid21.80 Crore

Term Life Insurance Premium Calculator

Gender

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Choose required coverage to secure your family’s future

50L
1Cr
1.5Cr
2Cr
Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Best Edelweiss Tokio Term Insurance Plans

1 Crore
1.5 Crore
2 Crore
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.51%
Starting From 707/Month
Key Features:
  • Zero Cost Benefit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 98.14%
Starting From 812/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Special Exit Benefit
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.4%
Starting From 771/Month
24hr Claim Settlement
Key Features:
  • Terminal illness
  • Special Exit - Option to get your premiums back
  • Renewability Option
See More Plans

Benefit

  • What is the grace period offered for Edelweiss Tokio term insurance plans?

    Edelweiss Tokio Life Insurance offers a 30 day grace period from the date of unpaid premium. In case you fail to pay your premium within the grace period provided the will lapse. During the grace period policy remains in force.

  • What is the free look period offered for Edelweiss Tokio term insurance plans?

    Free-look period offered for Edelweiss Tokio term insurance plans is 15 days. Under the free-look period the policyholder can choose to return/cancel the policy by stating valid reasons of being unsatisfied with the term insurance policy.

  • What are the different premium payment modes for Edelweiss Tokio term insurance plans?

    Different premium payment modes for Edelweiss Tokio term insurance insurance plans are monthly, quarterly, half-yearly and yearly premium payments.

  • Why should I choose Edelweiss Tokio Term Insurance?

    Edelweiss Tokio term insurance plans are affordable, these plans offer high coverage at a reasonable price. These plans provide financial protection to the family of the life assured during difficult times. Edelweiss Tokio term insurance plans cover COVID-19 claims. You can enhance the base cover of your Edelweiss Tokio term insurance plan by adding rider to your term plan.

  • What is the customer care toll-free number of Edelweiss Tokio Term Insurance?

    Customer care toll free number for Edelweiss Tokio Life Insurance is 1800-212-1212.

Claim Settement

  • Who can lodge the Edelweiss Tokio Life Insurance claim?

    In the case of death claim, the nominee/claimant can lodge the claim. In the case of critical illness or disability claims, the policyholder can do so.

  • How much time does it take for Edelweiss Tokio Life Insurance to honour the claim?

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

  • What happens in case there is no nominee, or the nominee is not alive to make the Edelweiss Tokio Life Insurance claim?

    The next of kin or the legal heirs of the deceased person or the nominee (if there was any initially) can register the claim for Edelweiss Tokio Life Insurance.

  • How does Edelweiss Tokio Life Insurance pay the claim amount?

    The claim amount is credited to the claimant’s account by Edelweiss Tokio Life Insurance.

  • Does the appointee become the owner of the funds credited by Edelweiss Tokio Life Insurance?

    No, the appointee is the trustee of the funds and holds the amount in trust for the nominees of the deceased person.

Over View

  • What is the meaning of a rider in the Edelweiss Tokio Life Insurance term insurance policy?

    Riders are additional benefits offered with the base plan on the payment of an additional cost. You cannot purchase the riders alone. It covers you against specific circumstances.

  • What is the Better-Half benefit option in the Edelweiss Tokio Life Insurance term insurance plan?

    Edelweiss Tokio Life Insurance term insurance plans offer additional life cover to your spouse under the Better-half benefit option. It is in addition to your life cover.

  • When can I add or delete riders in an Edelweiss Tokio Life Insurance policy?

    You can add or delete riders on the policy anniversary. However, it depends on the product, rider specifications, and underwriting guidelines.

  • Can I purchase my Edelweiss Tokio Life Insurance term insurance online?

    Yes, you can buy the Edelweiss Tokio Life Insurance Simply Protect policy online.

  • Can I get a loan against my Edelweiss Tokio Life Insurance term insurance policy?

    No, loans are not available against Edelweiss Tokio Life Insurance term insurance plans.

Plans

  • Does Edelweiss Tokio Life Saral Jeevan Bima cover COVID-19 claims?

    Yes, Edelweiss Tokio Life Saral Jeevan Bima covers death due to COVID-19.

  • Is suicide covered under Edelweiss Tokio term insurance plans?

    No, Edelweiss Tokio term insurance does not cover suicide. In case of demise of the life assured due to suicide within 12 months from the date of policy issuance or revival the nominee shall receive at least 80% of the total premiums paid, given that the policy is in force.

  • What is the ‘Better Half Benefit Option’ available under Edelweiss Tokio term insurance plans?

    Better half benefit option provides wife/husband of the life assured, an additional life cover , with no further premiums in case of an unforeseen demise of the life assured during the policy term.

  • What are the different critical illnesses covered under Edelweiss Tokio Life Simply Protect?

    Different critical illness covered under Edelweiss Tokio Life Simple Protect plan are as following:

    1. Cancer
    2. Heart Attack
    3. Open Chest CABG
    4. Open Heart Replacement
    5. Kidney Failure
    6. Organ Transplant
    7. Bone Marrow Transplant
    8. Third Degree Burns
    9. Permanent Paralysis
    10. Stroke
    11. Blindness
    12. Coma

  • What is the minimum and maximum entry age for Edelweiss Tokio term insurance plans?

    The minimum entry age for Edelweiss Tokio term insurance plans is 18 years and maximum entry age is 65 years. Anyone who is between the age group of 18-65 years can purchase Edelweiss Tokio term insurance plans.

Premium Calculator

  • What factors determine the term insurance premium calculation in Edelweiss Tokio Life Insurance?

    Factors that affect the premium amount include insurance amount, policy term, age, and gender.

  • Where is the Edelweiss Tokio Life Insurance premium calculator available?

    Edelweiss Tokio Life Insurance premium calculator is available on the InsuranceDekho website in the life insurance section.

  • What effects do riders have in the Edelweiss Tokio Life Insurance premium calculation?

    Each rider comes at a cost. The more the number of riders, the higher is the Edelweiss Tokio Life Insurance premium amount.

  • What difference does the customer’s smoking habits have on the Edelweiss Tokio Life Insurance premium calculation?

    Smokers are at higher risk according to the Edelweiss Tokio Life Insurance Company. Hence, the premium amount is higher compared to non-smokers.

  • Is there a different calculator for each Edelweiss Tokio Life Insurance plan?

    No, each plan just has a different structure, and the premium calculation is also different, but the same calculator is used for all the policies in Edelweiss Tokio Life Insurance.

Edelweiss Tokio Term Insurance User Reviews

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Edelweiss Tokio Term Insurance Contact Details

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Claim Process at Edelweiss Tokio Term Insurance

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.

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