Edelweiss Tokio Insurance Plans

Edelweiss Tokio Income Replacement Insurance

This is essentially a monthly income replacement plan from Edeleweiss Tokio Life that will ensure continuity of monthly income for the family after death of bread winner. With an Income Replacement Plan, the family need not despair after the life insured is not around to look after them.

Edelweiss Tokio Life insurance review

Edelweiss Tokio Insurance Plans
Distribution - Number of branches pan India (March 2019)
Entry Age Minimum/Maximum (Years) - Term Plans
Sum Assured Minimum / Maximum - Term Plans
25 lacs / Unlimited
Policy Term Minimum / Maximum (Years) - Terms Plans
Solvency Ratio (FY 2018-19) *
Number of Policies Sold (Ind+Group) *
Number of Lives Covered (Ind+Group) **
Claims Settlement Ratio (Ind+Group) ***
* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20  |  *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

Edelweiss Tokio Income Replacement Insurance Overview

  • Key Features
  • Eligibility
  • Benefit Description

The feature of Income Replacement include:

  • Cost friendly solution providing complete protection of your aspirations for your loved ones
  • Cost reduces further for higher Sum Assured
  • Monthly income in the event of pre-mature death to maintain continuity of regular income for the family
  • Inflation mitigating benefit by way of fixed 5% increase every year in the monthly income
  • Limited premium payment option to suit the stability of your current income stream and yet avail the cover for a longer Policy Term
  • The monthly benefit will be provided for minimum of 5 years even if your remaining Policy Term is less than 5 years
  • Lower rates are available for leading healthy lifestyle by way of non- consumption of tobacco

Eligibility Criteria of Income Replacement Insurance

Entry Age Minimum - 18 years (last birthday)
Maximum – 60 years (last birthday)
Maturity Age 28 years to70 years (last birthday)
Policy Term You can opt for any Policy Term from 10 – 30 years
Premium Payment Term Single Pay/ Limited pay of 5,10,15 and Regular pay
Minimum Monthly Benefit Rs.15,000/- (multiple of 1,000). Sum assured is calculated as: Monthly benefitamount x 12 x Policy term
Maximum Monthly Benefit
  • No Limit, subject to underwriting
  • Discount available for non tobacco user
  • Discount available for higher monthly benefit^
Premium Payment Mode* Annual

Benefit descriptions of Income Replacement Insurance

Death Benefit
Payable when the unfortunate event ofdeath of Life Assured has beenconfirmed. Chosen “Monthly Benefit ” will be paidmonthly in arrear increasing at 5%every policy year to the nominee tillthe end of the term or 5 years,whichever is later.

Survival and Maturity Benefit No benefit is payable under this policy.

Surrender Benefit
The surrender benefit under this policy is as follows:
  • Single Pay : Surrenders are not allowed in the first year. The policy may be surrendered from the second year onwards. Single Premium (exclusive of service tax) * 70% * {Number of remaining complete months of cover / Total Policy Term in months}^ 2 is payable.
  • 5 or 10 or 15 Pay : Surrender benefit is zero during premium paying term. Total Premium paid (exclusive of service tax) * 70% * {Number of remaining complete months of cover / Total Policy Term in months}^ 2
  • Regular Pay : No restrictions. No benefit is available
Add-On / Rider Benefit
One can make their Life Insurance policy more comprehensive by including the following riders:
  • Accidental Death Benefit Rider
  • Accidental Total and PermanentDisability Rider
  • Waiver of Premium Rider
  • Critical Illness Rider


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Policy wordings

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2022