life insurance company
Edelweiss Tokio Life Insurance Company

Edelweiss Tokio Life Insurance

Ranked No.1 by CRISIL for their ULIP products in 2020, Edelweiss Tokio is committed to providing top-notch life insurance policies to its customers. The joint venture between Edelweiss Group and Japan’s Tokio Marine was formed in 2011 and offers cost-effective and budget-friendly life insurance products.

Edelweiss Tokio At A Glance

Company NameEdelweiss Tokio Life Insurance Company Limited
Companies in Joint VentureEdelweiss Group and Tokio Marine
Established in2011
MD & CEOMr Sumit Rai
Claim Settlement Ratio97.01%
Number of Agents58,145
Number of Branches116
Awards and AchievementsNo 1 ULIP – CRISIL; Asia’s Best Insurance Company award for Digital Sales Channel – Insurance Alerts Awards 2020; Best Innovation in Customer Service – 25th BFSI Tech Innovation Forum; Product Innovation Company of the Year – India Insurance Summit & Awards 2020; Best Life Insurer – Outlook Money Awards 2016 and many more.
Solvency Ratio (FY 2019-2020)2.32 (March 2020)
Premium Underwritten (RS.) (2019-2020)1,048.48
First year premium (Up to 31st March, 2021)455.28
No. of policies (Up to 31st March, 2021)80160
No. of lives (Up to 31st March, 2021)272866
Sum assured (Up to 31st March, 2021)20515.90 crore

Edelweiss Tokio Life Insurance Plans

1. Edelweiss Tokio Term Insurance Plans

Term insurance provides coverage for a specific term. If the insured person faces an untimely death, the beneficiary gets a payout.

i. Edelweiss Tokio Total Protect Plus

With this term plan, you have a lifelong financial cushion to fall back on anytime you and your family need it.

Key Features: 

  • Life-long cover – With this cover, you get coverage till the age of 100.
  • Spouse coverage – You have the option to extend coverage to your spouse
  • Child’s future protection benefit – You get an additional option for life cover during the child’s growth years.
  • Income payout – You can choose to receive income payouts at the age of your choice
  • Premium discount – If you complete medical screening with seven days of purchase, you get a 6% discount on the first year’s premium.
Age of entry 

Minimum age – 18 years (for Life Cover option, Return of Premium option and Live Long option)

Maximum age:

Life Cover option:

PPT – 5/7/10/15/20: 65 years

PPT- Regular Pay (RP): 55 years

Return of Premium option:

PPT – 5/7/10/15/20: 60 years

PPT – RP: 50 years

Live long option:

Income Pay-out Commencement age 60: 50 years

Income Pay-out Commencement age 65: 55 years

Age of maturity 

For the Life Cover option, Return of Premium option minimum – 28 years and the maximum is 100 years.

For Live Long option: Income Pay-out Commencement age 60: 70 years Income and the maximum is 100 years

Pay-out Commencement age 65: 75 years and maximum is 100 years

Policy term 

The minimum for Life Cover option, Return of Premium option:

5 pay, 7 pay & Regular Pay: 10

10 Pay: 15

15 pay: 20

20 Pay: 25

The minimum for Live Long option is:

5 Pay, 7 Pay, 10 Pay & 15 Pay: 20

20 Pay: 25

The maximum is 100 years less age at entry

Sum assured 

The minimum for Life Cover option: Rs. 25,00,000

The minimum for Return of Premium option: Rs. 10,00,000

The minimum for Live Long option: Rs. 25,00,000

The maximum has no limit, subject to approval.

Premium amount 

For all plan options (minimum):

Annual – Rs. 3,000

Semi-Annual – Rs. 2000

Quarterly – Rs. 1,250

Monthly – Rs. 300

The maximum has no limit, subject to approval.

ii. Edelweiss Tokio Zindagi Plus Plan

A simple and perfect way to provide your spouse or loved one with some extra financial protection at a time of need, even in your absence.

Key Features: 

  • Life cover – Customizable cover which includes cover for OCVID-19 as well.
  • Cover for your better half – Coverage of 50% of your cover extends to spouse with Better Half Benefit option
  • No medical option – Opt for a non-medical underwriting status up to a sum assured of INR 99,99,000
  • Waiver of premium benefit – If you face one of the 35 critical illnesses that are covered then, you don’t have to worry about premium payment.
Age of entry (last birthday)

Minimum age – 18 years

Maximum age:

Life Cover with Level Sum Assured Option:

Regular Pay: 65 Years (life insured) and 60 years (spouse)

Pay till 60: 50 years (life insured and spouse)

Life Cover with Decreasing Sum Assured Option:

Regular Pay: 55 Years (life insured) and 55 years (spouse)

Pay till 60: 50 years (life insured and spouse)

Age of maturity 

Life Cover with Level Sum Assured Option:Regular Pay: Minimum is 28 years and the maximum is 80 years

Pay till 60: Minimum is 65 years and the maximum is 80 years

Life Cover with Decreasing Sum Assured Option:

Regular Pay: Minimum is 65 Years and the maximum is 80 years

Pay till 60: Minimum is 65 years and the maximum is 80 years

Policy term 

Minimum policy term:

Regular Pay – 10 years

Pay till 60 – 15 years

Maximum: {80 – Age at Entry (age last birthday)} years

Sum assured The minimum is 25 Lakhs and the maximum limit is subject to approval
Premium amount 

The minimum is:

Annual – Rs. 3,000

Semi-Annual – Rs. 2000

Quarterly – Rs. 1,250

Monthly – Rs. 300

The maximum has no limit, subject to approval.

Premium payment frequencyAnnual, Semi-Annual, Quarterly, Monthly

iii. Edelweiss Tokio Simply Protect Plan

The perfect plan that provides security to a family at extremely competitive prices, making things easier and better for you.

Key Features: 

  • Long life cover – Coverage lasts until the age of 80 years
  • Flexible premium payment terms – To make things easier for you the premiums are affordable as well as come with flexible payment options so you can choose what works for you.
  • Payout options – You know your needs the best and based on this, you can pick one that suits you.
Age of entry

Minimum age – 18 years last birthday

Maximum age – 65 years last birthday

Age of maturity The maximum age of maturity is 80 years last birthday
Policy term 

10 years to 40 years

For coverage up to age 80 years: 62 years

Sum assured The minimum is Rs. 25,00,000 and the maximum limit is subject to approval
Premium payment terms Single Pay/Limited pay of 5,10,15,20 and Regular pay
Premium amount The minimum is Rs. 3,000
Premium payment frequencyAnnual or single

iv. Edelweiss Tokio Saral Jeevan Bima

If you’re looking for a plan you can customize to your needs, this is the one. This plan not only covers your present requirements but is designed keeping in mind a long-term view.

Key Features: 

  • Life cover – You get to live life to the fullest as this cover comes with a life cover. Choose from life cover of Rs. 5 lakhs to Rs. 25 lakhs (in multiples of 50,000)
  • Limited pay – If you wish you may complete all premium payments within 5 to 10 years and enjoy the benefits of the plan until the end of the policy’s term.
  • Flexible premium payment terms – To make things easier for you the premiums are affordable as well as come with flexible payment options so you can choose what works for you.
  • Covid-19 – You get coverage for death due to any pandemic such as COVID-19.
Age of entry

Minimum age – 18 years last birthday

Maximum age – 65 years last birthday

Age of maturity The maximum age of maturity is 70 years last birthday
Policy term 5 years to 40 years
Sum assured The minimum is Rs 5,00,000 (Sum Assured would be allowed only in the multiple of Rs. 50,000) and the maximum is Rs 25,00,000 subject to board approved underwriting policy
Premium payment terms 

Regular Pay: 5 to 40 years

Limited Pay: 5 & 10 years

Single pay

Premium amount 

The minimum is:

Annual: Rs. 1,206

Semi-annual – Rs. 617

Monthly – Rs. 106

The maximum has no limit, subject to approval.

Premium payment frequency

For Regular & Limited Pay: Annual, Semi-Annual, Monthly (only under ECS / NACH)

For Single Pay: Lumpsum

2. Edelweiss Tokio Investment Plans

ULIPs is a two-in one plan that offers both protection and investment. Edelweiss Tokio has a range of options that cater to different needs.

i. Edelweiss Tokio Premier Guaranteed Income Plan

Whether a diagnosis of a critical illness or an untimely death, you get protection from this plan. If all premiums are paid, you get a guaranteed lump sum and/or guaranteed regular income.

Key Features: 

  • Protection and income – With this plan, you get the dual benefits of protection along with a regular guaranteed income.
  • Guaranteed returns – Based on your investment, you get guaranteed returns. When you know how much you’re getting, you can plan your future accordingly.
  • Loan facility – You have the opportunity to live life the way you want as you get to avail a loan at a time of need.
  • Family income benefit – This is an optional benefit that ensures that during a covered critical illness or death, you and your family get benefits.
Age of entry (last birthday, in years)
Plan optionMinimumMaximum
Lump Sum

5 & 8 PPT: 8

10 PPT: 6

12 PPT: 3

5 PPT: 60

8, 10 & 12 PPT: 65

Short term income065
Long term income0

5 PPT: 60

8, 10 & 12 PPT: 65

Retirement Income405, 8 &10 PPT: 50 12 PPT: 48
Age of maturity 

Lump sum option – 18 years and 85 years

Short term income option – 18 years and 91 years

Long term income option – 22 years and 99 years

Retirement Income option – 80 years and 80 years

Minimum Policy term 
Plan Option/PPT5 Pay8 Pay10 Pay12 Pay
Lump Sum10101215
Short term incomeNA182226
Long term income22252729
Retirement Income30303032
Maximum Policy Term 
Plan Option/PPT5 Pay8 Pay10 Pay12 Pay
Lump Sum20202020
Short term incomeNA182226
Long term income37404239
Retirement Income40404040
Sum assured The minimum is Rs 5,00,000 and the maximum is Rs 25,00,000 subject to board approved underwriting policy
Premium payment terms 

Lump Sum, Long-Term Income and Retirement Income is 5, 8, 10 & 12

Short-Term Income is 8, 10 & 12

Premium amount 

Annual: Rs. 50,000

Half yearly: Rs. 25,600

Quarterly: Rs. 13,000

Monthly: Rs. 4,400

The maximum has no limit, subject to approval.

Premium payment frequencyAnnual, Half yearly, Quarterly and Monthly
List of Critical Illness conditions covered under Family Income Benefits

Major Organ / Bone Marrow Transplant

Permanent Paralysis of Limbs

Stroke resulting in permanent symptoms

Major Surgery of Aorta

Coma of Specified Severity

Total Blindness

Cancer of Specified Severity

Open Chest Coronary Artery Bypass Graft (CABG)

Myocardial infarction (First Heart Attack of Specific Severity)

Open Heart Replacement or Repair of Heart Valves

Kidney failure requiring regular dialysis

Third Degree Burns

ii. Edelweiss Tokio GCAP Plan

With this plan, you have the opportunity to accumulate wealth so whether it’s a wedding or early retirement, you can plan ahead and remain stress-free.

Key Features: 

  • Guaranteed returns – Based on your investment, you get guaranteed returns. When you know how much you’re getting, you can plan your future accordingly.
  • Affordable premium – Premiums are budget-friendly so you can easily take advantage and enjoy the benefits of this plan.
  • Waiver of premium – Ensures that during a covered critical illness or permanent disability, the premiums are waived off.
  • Protection against critical illnesses – When you’re diagnosed with any of the covered 12 critical illnesses, you get a lump sum payout.
  • Loan against policy – When you need a little financial support, you can avail of a loan against the policy.
Age of entry

Minimum age – 91 days

Maximum age – 55 years last birthday

Age of maturity The minimum age is 18 years (last birthday) and the maximum age of maturity is 70 years (last birthday)
Policy term 10, 15, 20, 25 and 30 years
Sum assured 

Minimum: Rs 1,65,000

Maximum: No Limit

Premium payment terms 5, 7, 10 and 12 years
Premium amount 

The minimum is:

Annual: Rs. 15,000

Semi-annual – Rs. 8,000

Quarterly: Rs. 4,000

Monthly – Rs. 1,500

The maximum has no limit, subject to approval.

Premium payment frequencyAnnual, Semi-annual, Quarterly, Monthly

iii. Edelweiss Tokio Wealth Secure Plus Plan

Whether it’s caring for your family in your absence or planning for the big moments of your life, this plan helps you achieve it all.

Key Features: 

  • Long life cover – You get life cover until the age of 100 years and you have optional coverage for spouse and child which can be added as well.
  • Low premiums – You don’t have to wait to start investing. This plan allows you to start with premiums as low as INR 1000 per month.
  • Boost your plan – Add a surplus into your plan with the top-up premium option that’s available. You also get an annual loyalty addition from the end of the 6th term year onwards plus booster additions every 5th year after 10 years of the policy term.
  • Payout option – If you choose the regular payout option you can ensure your retirement time is sorted.
  • Choice of fund – Pick from a range of seven diverse funds to get you the maximum wealth accumulation.
Age of entry (last birthday)
 BaseLife partnerChild

Entry Age (last birthday)

(with PPT < 10 years)

0 to 50 years18 to 45 years18 to 40 years
Entry Age (last birthday) (with PPT >/= 10 years)0 to 60 years18 to 50 years18 to 40 years
Age of maturity (last birthday)

With PPT < 10 years:

Base plan: 18 years to 70 years

Life partner and child plan: 23 years to 55 years

With PPT >/= 10 years:

Base plan: Option 1: 18 – 70 years Option 22: 100 years

Life partner and child plan: 23 years to 60 years

Policy term 

For base plan:

Option 1: 5 – 25 years Option 22: 100 minus entry age

Life partner and child plan: 5 years to 25 years

Sum assured 

Minimum: 7 x Annualized Premium

Maximum: 10 x Annualized Premium

Premium payment terms 

Regular Pay: Same as the policy erm

Limited Pay: 5 years – (Policy term minus 1) years

Premium payment frequencyAnnual, Semi-annual, Quarterly, Monthly

iv. Edelweiss Tokio Wealth Plus Plan

With this plan, not only do you give your family financial security but also ensure your hard-earned money has the chance to accumulate.

Key Features: 

  • Additional Allocation – Add to your fund an amount starting from 1% of your annual premium for the first five years and 2% every five years.
  • The payout for your child – With the rising Start benefit option you can secure your child’s future with a payout to your child in your absence, waiving off the premium while keeping the benefits of the policy intact.
  • Investment Strategies – To help grow your wealth the way you want, you can pick from different investment strategies.
  • Easy Liquidity – From the 6h policy year onwards you can begin partial withdrawals as per your requirements.
Age of entry (last birthday)

Minimum age – 1 year last birthday

Maximum age – 55 years last birthday

Age of maturity (last birthday)

Minimum age – 18 years last birthday

Maximum age – 70 years last birthday

Policy term 

Minimum – 10 years

Maximum – 20 years

Sum assured 

Minimum: 7 x Annualized Premium

Maximum: 10 x Annualized Premium

Premium payment terms 

Regular Pay: The minimum and the maximum is equal to the policy term

Limited pay: The minimum is 5 years and the maximum is policy Term minus 1

Premium payment frequencyAnnual, Semi-annual, Quarterly, Monthly

v. Edelweiss Tokio Wealth Gain Plus Plan 

Financial protection is what you need in times of uncertainty and this plan helps with just that.

Key Features: 

  • Nil allocation charges – You don’t have to worry about charges for policy administration or charges for premium allocation. Plus, mortality charges are returned too.
  • Dual benefits – You get a combination of wealth accumulation and protection
  • Booster additions – The longer you stay, the more benefits you get in the form of loyalty additions and booster additions.
  • Investment strategies – Easily grow your wealth by picking from seven different fund options that best suit your needs.
Age of entry (last birthday)

Minimum age – 0 years last birthday

Maximum age:

45 years (for Premium paying term less than 10 years)

50 years (for Premium paying term greater than equal to 10 years)

Age of maturity (last birthday)

Minimum age – 18 years last birthday

Maximum age – 70 years last birthday

Policy term 

Minimum – 10 years

Maximum – 20 years

Sum assured 

Minimum: Higher of (10, Policy Term/2) x Annualised Premium

Maximum: Higher of (10, Policy Term/2) x Annualised Premium

Premium payment terms 

Regular Pay: The minimum and the maximum is equal to the policy term

Limited pay: The minimum is 5 years and the maximum is the policy term minus 1

vi. Edelweiss Tokio Active Income Plan

Ensure your family security at all times, like your untimely death or diagnosis of a critical illness with this plan. Plus, avail regular income.

Key Features: 

  • Guaranteed Income – Starting from the second year, you can get guaranteed income with the early income option. And with the deferred income option, you can get income until the end of the policy term.
  • Family Income Benefit – In the event you are diagnosed with a listed critical illness or face an untimely death, your family is secure with maturity benefits and income benefits. This includes waiving off future premiums too.
  • Riders – You can easily enhance your plan by choosing from a variety of suitable riders.
  • Loan facility – Need some financial assistance? When you’re in need of urgent cash you can opt for the loan facility with this plan.
Age of entry (last birthday)0 to 65 years (varies based on family income benefit and maturity age)
Age of maturity (last birthday)75, 85, 99 years
Policy term 

Maturity age minus Age at Entry of Life Insured subject to minimum and maximum Policy Term as mentioned below:

Minimum Policy Term: 25 Years

Maximum Policy Term: 99 Years

Sum assured 

Minimum: Sum assured on death – Rs. 5,00,000 and sum assured on maturity – Rs. 1,70,766

Maximum: No limit, subject to board approved underwriting of the policy

Premium payment terms 5, 8, 10, 12 years
Premium payment frequency Annual, Semi-Annual, Quarterly, Monthly
Premium amount 

Minimum:

Annual: Rs. 50,000

Semi Annual: Rs. 25,600

Quarterly: Rs. 13,000

Monthly: Rs. 4,400

Maximum: No Limit, subject to board approved underwriting policy

vii. Edelweiss Tokio Income Builder Plan

Why fear the uncertainties of life? With this plan, you can ensure your family has financial security, always. You can build financial reserves as well as receive a regular income at a time of need.

Key Features: 

  • Dual benefits – You get a combination of wealth accumulation and protection.
  • Returns – You can choose the way you receive your returns either as a lump sum with ‘regular income plus lump sum’ or as a regular income with the ‘regular income’ option.
  • Secured income – In the event you are diagnosed with a listed critical illness, your loved ones will receive a payout and the future premiums are waived off.
Age of entry (last birthday)

Base option:

Policy term of 6 years – 12 years to 55 years

Policy term of 7 years – 11 years to 55 years

Policy term of 8 years – 10 years to 55 years

Policy term of 10 years – 8 years to 55 years

Policy term of 12 years – 6 years to 55 years

Secure income option: 18 years to 50 years

Age of maturity (last birthday)

Base option: the minimum is 18 years and 67 years

Secured income option: the minimum is 24 years and 62 years

Policy term 

Base option:

Single Premium – 6 / 8 / 10 / 12 years

Regular Premium – 7 / 10 / 12 years

Secured income option: 7 / 10 / 12 years

Sum assured 

Minimum: Regular Premium: Rs. 3,00,000 Single Premium: Rs. 1,25,000

Maximum: No limit, subject to board approved underwriting of the policy

Premium payment terms Single Premium: 1 year Regular Premium: Equal to Policy Term
Premium payment frequency Annual, Semi-Annual, Quarterly, Monthly
Premium amount 

Minimum:

Regular Premium: Rs. 30,000

Single Premium: Rs. 1,00,000

Maximum: No limit, subject to board approved underwriting of the policy

Premium payment option

Base option: Single premium and regular premium

Secured income option: Regular premium

Premium payment frequency Annually, Semi-Annually, Quarterly, Monthly
Payout frequency Annually, Semi-Annually, Quarterly, Monthly

viii. Edelweiss Tokio Wealth Ultima Plan

With this plan, you have some assurity of your future by growing your wealth and securing systematic income.

Key Features: 

  • The steady growth of wealth – Invest systematically to ensure you are safe from market fluctuations.
  • Investment strategies – To help grow your wealth the way you want, you can pick from different investment strategies.
  • Withdrawals – From the 10th policy term onwards you can withdraw money on a monthly basis.
  • Booster additions – The longer you stay, the more benefits you get in the form of loyalty additions and booster additions.
Age of entry (last birthday)

Minimum – 0 to 18 years (varies based on benefits)

Maximum – 17 to 70 years (varies based on benefits & PPT)

Age of maturity (last birthday)

Minimum – 18 years (varies based on option and PPT)

Maximum – 100 years (varies based on option and PPT)

Policy term 

Minimum: 10 years

Maximum:

5-6 PPT: 70 minus age at entry (Only Option 1 is available)

7 PPT and above: 100 minus age at entry (Both Option 1 & Option 2 are available)

ix. Edelweiss Tokio Single Pay Endowment Assurance Plan

A comprehensive coverage plan that gives you financial assurity at a time of need.

Key Features: 

  • Guaranteed amount on maturity – From the start, you will know your maturity amount. This way you can plan for future goals accordingly.
  • Single pay – By just paying a single amount you can keep your policy active.
  • Enhanced life cover – If you choose this plan you can get comprehensive life cover up to 10 times the single premium amount.
  • Loan facility – When you’re in need of urgent cash you can opt for the loan facility with this plan.
Age of entry (last birthday)
 Policy termDeath Benefit Option ADeath Benefit Option B
Minimum Entry Age of Life Insured (last birthday)10 years88
Minimum Entry Age of Life Insured (last birthday)15 years33
Maximum Entry Age of Life Insured (last birthday)10 years4070
Maximum Entry Age of Life Insured (last birthday)15 years3565
Age of maturity (last birthday)

Minimum:

10 / 15 Years – 18 Years (Both Death Benefit Option A and B)

Maximum:

10 / 15 Years – 50 years (Death Benefit Option A) and 80 years (Death Benefit Option B)

Policy term 10 years to 15 years
Premium payment termSingle Pay
Premium payment frequency Single
Premium amount 

Minimum: Rs 40,000

Maximum: No limit, subject to board approved underwriting of the policy

Sum assured 

Minimum:

Option A: Rs. 4,00,000

Option B: Rs. 50,000

Maximum: No limit, subject to board approved underwriting of the policy

x. Edelweiss Tokio POS Saral Nivesh Plan

Enjoy the dual benefits of savings and protection so you can lead a stress-free life that doesn’t have any uncertainty.

Key Features: 

  • Guaranteed returns – From the beginning, you know what kind of returns you get. When you know how much you’re getting, you can plan your future accordingly.
  • Discounts on a higher sum assured – You get a 3% to 13% discount depending on the sum assured you opt for.
  • Limited pay – You don’t have to spend your whole life paying premiums, with this option you can complete payments quickly.
  • Loan facility – At a time of need, you can get a loan and help you fulfill your financial needs.
Age of entry (last birthday)The minimum is 1 year and the maximum is 50 years
Age of maturity (last birthday)The minimum is 18 years and the maximum is 65 years
Policy term 

PPT of 5, 7, 10 years – 10 to 20 years

PPR of 12 years – 12 to 20 years

Premium payment term5, 7, 10, and 12 years
Premium payment frequency Annual or monthly
Premium amount 

Minimum:

Annual – Rs. 5,000

Monthly – Rs. 1,000

Maximum:

Annual – Rs. 2,50,000

Monthly – Rs. 22,000

Sum assured 

Minimum: Rs. 50,000

Maximum: Rs. 25 lacs

xi. Edelweiss Tokio Dhan Labh Plan

With this plan, not only do you get into the habit of saving but also accumulate wealth for your future.

Key Features:

  • Guaranteed benefits – From the beginning, you know what kind of benefits you get. So, you can plan your future accordingly.
  • Booster additions – The longer you stay, the more benefits you get in the form of loyalty additions and booster additions.
  • Limited pay – You can complete your premium payment quickly and continue to enjoy the benefits of the plan until the end of the policy.
  • Loan facility – When you’re in need of urgent cash you can opt for the loan facility with this plan.
Age of entry (last birthday)The minimum is 91 days and the maximum is 45 years
Age of maturity (last birthday)The minimum is 18 years and the maximum is 75 years
Policy term 15, 20, 25, and 30 Years
Premium payment term7, 10, and 12 years
Premium payment frequency Annual or monthly
Premium amount 
Mode 7 pay 10/12 pay
AnnualRs. 7,500Rs. 5,000
Semi-annualRs. 4,000Rs. 3,000
QuarterlyRs. 2,000Rs. 1,500
MonthlyRs. 1,000Rs. 1,000
Sum assured 

Higher of:

10 times of Annualized Premium* OR

Sum Assured on Maturity OR

105% of Total Premiums Paid@ up to the date of death OR

Any absolute amount^ assured to be paid on death

Minimum: Rs 55,000

Maximum: No Limit

Premium payment frequency Annual, Semi-annual, Quarterly, Monthly

xii. Edelweiss Tokio Wealth Premier Plan

This plan allows you to plan for uncertainties as well as meet the multiple goals you have throughout your life.

Key Features: 

  • Single pay – Make a payment just once and continue to enjoy the benefits of the plan.
  • Loyalty addition – Every 6th, 8th, and 10th policy year a loyalty sum assured is added to your plan.
  • Joint life option – If you please you can add your spouse to this plan.
  • Partial withdrawal – You can make partial withdrawals to take care of your needs.
  • Nil allocation charges – You don’t have to worry about charges for policy administration or charges for premium allocation.
Age of entry (last birthday)

Single life: 8 – 40 years

Joint life: 18 – 65 years

Age of maturity (last birthday)

Single life: 18 – 50 years

Joint life: 28 – 75 years

Policy term 10 years
Premium payment termSingle pay
Premium amount 

Minimum: Rs. 10,00,000

Maximum: No Limit (as per the Board Approved Underwriting Policy)

Sum assured 

Single life: Minimum – 1.25 x Single Premium and the maximum is 10 x Single Premium

Joint life: The minimum and maximum is 10 x Single Premium

3. Edelweiss Tokio Retirement Plans

Retirement plans help with saving money that you can use during your retirement. With the plans provided by Edelweiss Tokio, you’ll get the benefit of wealth accumulation and have a solid retirement plan in place.

i. Edelweiss Tokio Easy Pension Plan

Make your retirement years easy on you by opting for this plan that gives you regular income to enjoy the retirement life.

Key Features: 

  • Dual Benefits – You get the dual benefits of protection as well as a retirement solution for a steady income in your later years
  • Risk Appetite – Based on your risk appetite, you can choose from two different strategies.
  • Benefits – You get loyalty additions and enhancers to make your policy better.
  • Payout – You can choose between a regular payout or a lump sum amount.
Age of entry (last birthday)

Minimum age – 18 years

Maximum age – 75 years

Age of maturity (last birthday)

Minimum age – 45 years

Maximum age – 85 years

Policy term 10 years to 67 years
Premium payment termSingle Pay, Limited Pay [5 Pay to (Policy Term-5)], Regular Pay
Premium payment frequencySingle Pay, Annual, Semi-annual, Quarterly, Monthly
Premium amount 

The minimum for single pay is Rs. 45,000

The minimum for Limited/Regular Pay is:

Annual: Rs 15,000

Semi-Annual: Rs 8,000

Quarterly: Rs 4,000

Monthly: Rs 1,500

ii. Edelweiss Tokio Saral Pension Plan

This plan gives you the guarantee of regular income in your later years. You can focus on enjoying your retirement years without worrying about money.

Key Features: 

  • Flexibility – You can receive the annuity in different modes like yearly, half-yearly, quarterly, or monthly.
  • Loan facility – After a period of six months from commencement, you can avail of a loan.
Age of entry (last birthday)

Minimum age – 40 years

Maximum age – 80 years

Age of maturity (last birthday)Not Applicable
Premium payment termSingle Pay
Premium amount 

There is no explicit minimum purchase price. However, the Purchase Price should be such that the minimum annuity amount is at least Rupees 1,000 per month.

Maximum has no limit. It’s subject to Board Approved Underwriting Policy

Minimum Annuity Instalment

Rs. 1,000 per month for Monthly Annuity Mode

Rs. 3,000 per quarter for Quarterly Annuity Mode Rs. 6,000 per half-year for Half-yearly Annuity Mode Rs. 12,000 per annum for Yearly Annuity Mode.

Maximum Annuity InstalmentMaximum has no limit. It’s subject to Board Approved Underwriting Policy

iii. Edelweiss Tokio Cash Flow Protection Plus Plan

Get protection for the long-term, until the age of 100 with this plan. Plus you get guaranteed regular income as well as bonuses.

Key Features: 

  • Long-term – With this plan, you can get protection and regular income till the age of 100.
  • Additions/bonuses – To enhance returns you can choose from a variety of additions or bonuses like cash bonus, money back, etc.
  • Loan facility – When you are in need, you can use this as a means to avail a loan.
Age of entry (last birthday)

Minimum age – 91 days

Maximum age – 55 years

Age of maturity (last birthday)The maximum maturity age is 100 years
Policy term100 years less age at entry of the life insured
Premium payment term10, 15, 20, and 25 years
Premium payment frequencyAnnual, Semi-annual, Monthly
Premium amount Minimum: Rs. 9,835
Sum assured 

Minimum: Rs. 2,00,000

Maximum: No limit

iv. Edelweiss Tokio Forever Pension Plan

Secure your golden years with this plan that gives you protection plus income.

Key Features: 

  • Customization – Customize your plan to suit your needs. Choose between an immediate annuity and deferred annuity.
  • Return of purchase price – With this option, till the time you are diagnosed with a critical illness, accidental total and permanent disability, or death, you get a constant annuity at a fixed rate. Post which, you get a lump sum.
Age of entry (last birthday)

Minimum:

For Immediate Annuity – 40 years

For Deferred Annuity – 35 Years

Maximum: 85 years

Age of maturity (last birthday)Not Applicable
Premium payment termSingle Pay
Minimum / Maximum Deferment Period

Minimum: 1 year

Maximum: 10 years

Minimum Purchase PriceRs. 200,000
Maximum Purchase PriceNo Limit, subject to board approved underwriting policy

Why Choose Edelweiss Tokio Life Insurance?

Edelweiss Tokio assures quality above all else and offers products that are budget-friendly and cost-conscious so that they can gain maximum reach. The company provides quality service to its customers, not just at the time of sale, but while filing a claim or amending the plans too. Here are some reasons to choose Edelweiss Tokio Life Insurance:

  1. Flexibility – There shouldn’t be a limit on your dreams and the diverse Edelweiss Tokio plans help make your journey much easier.
  2. Empathy – Edelweiss Tokio understands the importance of your goals and needs and hence, strives to fulfill them. 
  3. Socially responsible – All deeds and decisions are for the betterment of society.
  4. Best life insurer – Edelweiss Tokio has won various awards in the past three years; from ‘The Rising Star’ to ‘Best Life Insurer’. They were also honored to be the life insurer of the Indian Olympics Team. 
  5. Distribution network – Edelweiss Tokio wants you to experience a seamless journey and so, they have a wide distribution network of over 4000!
  6. 5 Star rated funds – Bond Fund and Money Market Fund have been highly rated (5 stars) on morningstar.com

Exclusions Under Edelweiss Tokio Life Insurance Policies

Some of the general exclusions of Edelweiss Tokio’s term, ULIP, and retirement plans are:

  • Death by suicide within 12 months from date of policy commencement or renewal
  • For Better Half Benefit –
    • Death of spouse before the death of the policyholder
    • Death of policyholder and their spouse simultaneously
  • After the death of the policyholder, if the spouse dies by suicide with 12 months of the date of commencement or renewal of the policy, the beneficiary receives 80% of the Better Half Benefit premiums paid.

Riders On Offer With Edelweiss Tokio Life Insurance Plans

  1. Accidental Death Benefit

With Edelweiss Tokio’s accidental death benefit, the nominee receives a minimum amount of sum assured of INR 10,000 upon the insured’s death due to an accident.

  1. Payor Waiver Benefit

If the insured and plan proposers are two different people, then under this rider, premiums are waived off, if the proposer is diagnosed with a listed critical illness, accidental total and permanent disability, or death.

  1. Accidental Total and Permanent Disability

With this rider, you are eligible to receive a lump sum of at least INR 1 lakh if an accident leaves you with a total and permanent disability.

  1. Waiver of Premium

All your future premiums are waived while you reap uncompromised benefits of your plan under this rider if you are diagnosed with a critical illness or a permanent and total disability due to an accident.

  1. Hospital Cash Benefit

Hospitalization charges can put a serious dent in your finances even if you have health insurance coverage. The deductible amount combined with recovery costs can add up very quickly. With the hospital cash benefit rider, you are eligible to receive INR 1000 to INR 600 for each day you are hospitalized. If you have to be admitted to the ICU, this rider pays out 1% of the total sum assured for each day of ICU admission. As a recuperating benefit, you can also receive a lump sum amount of 4% of your total sum assured.

  1. Critical Illness

As a policyholder, if you have opted for this rider, then it entitles you to receive a lump sum pay-out if you are diagnosed with any of the 12 included critical illnesses.

Purchase Edelweiss Tokio Life Insurance Online

Buy your plan on Edelweiss Tokio’s website

  • Visit Edelweiss Tokio’s site and browse through the different products that they have to offer. Once you have an idea of your requirements and the plan that matches them, select it.
  • Choose the term for your policy.
  • Select the frequency of your premium payments.
  • If you want to select any of the available riders, you can do so.
  • Don’t forget to add your nominee.
  • The company will first verify your details and the documents that you have submitted. Once cleared, you will receive your policy document.

Purchase your Plan on Probus

  • Visit and browse the website through the different life insurance plans available on the site and choose the one that best suits your requirements.
  • Once you choose a suitable option, you will be redirected to the company website to finish the remainder of the steps. 
  • Pay the premium online and quickly receive the policy document in your email inbox.

Renew Your Edelweiss Tokio Life Insurance Plans

Renew your plan from Edelweiss Tokio’s official site

  • Use your credential to log in to the customer portal.
  • Pick the policy you wish to renew.
  • You can customize the plan if needed.
  • Receive a copy of your policy document once you have paid the quoted premium.

Renew your Edelweiss Tokio life insurance plan with Probus

  • Login to our website and click on ‘renew your policy’ tab on the homepage. 
  • Select the insurer.
  • Enter your policy number and date of birth and click on ‘proceed’
  • Follow the given steps. 
  • Review all the details and make changes if needed
  • Make the online payment
  • Within no time, you’ll have your policy in your inbox.

File A Claim With Edelweiss Tokio

To file a claim against your Edelweiss Tokio life insurance policy:

  1. Intimate the company of an impending claim. You can do so by calling them or filling a form on their website.
  2. Submit the documents required along with a duly filled claims form to process your claim.
  3. Sit back as the company’s executives process your claim.

Documents Needed To File A Claim

When you file a claim, here is a basic list of documents you may need: 

  • Original policy document
  • Statement of death by the claimant
  • A copy of the certificate stating the cause of death
  • A copy of the hospital certificate if the insured was hospitalized
  • Certificate from the treating doctor
  • If a case was filed with the police – FIR/ police report/ panchnama/ inquest report
  • Photo ID proof of claimant
  • Claimant’s address proof
  • A copy of the death certificate
  • Medical records of the policyholder while they were hospitalized
  • If the policyholder was salaried – employer certificate
  • Report of the post-mortem (if conducted)
  • If the policyholder was driving a vehicle – a copy of their driver’s license
  • Original policy document
  • Claimant’s statement of death
  • Claimant’s statement for the rider
  • Indoor case papers
  • Discharge/death summary
  • Test reports
  • Original policy document

Frequently Asked Questions

1. How do I check the status of my Edelweiss Tokio life insurance policy?

To check the status of your Edelweiss Tokio policy, simply visit the company’s portal online and login using your policy number and date of birth.

2. How can I pay my Edelweiss Tokio Wealth Secure Plus policy premium?

Edelweiss Tokio lets its policyholder pay premiums online as well as offline.

The online modes of premium payments are:

  • Debit card
  • Credit card
  • Net banking

Offline modes of payment available to customers are:

  • ECS facility
  • IVRS
  • Money order
  • Cheque
  • Demand draft
  • Cash

3. Is it possible to cancel my Edelweiss Tokio Pradhan Mantri Jeevan Jyoti Bima Yojana insurance policy?

If you wish to cancel or surrender your policy, you will need to fill in a surrender form and submit it at the nearest Edelweiss Tokio branch. You may also need to pay a cancellation charge. The cancellation will be processed in 10 days’ time and the refund will then be deposited into your bank account on record.

4. How does Edelweiss Tokio settle a claim for the GCap plan?

Once you have filed your claim by submitting the form and requisite documents, Edelweiss Tokio will review your claim. Once the claim is processed and deemed to be valid, the claim amount will be transferred to your bank account on record via NEFT.

5. Can I set up an auto-debit instruction for my Edelweiss Tokio Premier Guaranteed Income policy renewal?

Edelweiss Tokio lets you set up an auto-debit instruction to ensure your policy renews on time and doesn’t lapse. You can set it up by logging in to the online portal.

Life Insurers