Edelweiss Tokio Insurance Plans

Edelweiss Tokio Saral Jeevan Bima Insurance

This Policy will cover death due to accident only during the waiting period of 45 days from the date of commencement of risk. In case of death of the life assured other than due to accident during the waiting period, an amount equal to 100% of all premiums received excluding taxes, if any, shall be paid and the Sum Assured shall not be paid.

Key reasons to buy this plan

  • Secure your family’s financial future through life insurance cover
  • Covers death due to any pandemic such as COVID-19
  • Option to choose from a range of life cover from Rs. 5 lakhs to Rs. 25 lakhs (in multiples of 50,000)
  • Life insurance coverage available till age 70 years
  • Flexibility to choose your own policy term from 5 to 40 years
  • Option to choose from a wider premium payment frequency; Regular pay or Single pay or Limited pay options of 5 years or 10-year
  • Flexibility to choose for your premium paying mode

Edelweiss Tokio Life insurance review

Edelweiss Tokio Insurance Plans
Distribution - Number of branches pan India (March 2019)
123
Entry Age Minimum/Maximum (Years) - Term Plans
18/65
Sum Assured Minimum / Maximum - Term Plans
25 lacs / Unlimited
Policy Term Minimum / Maximum (Years) - Terms Plans
10/62
Solvency Ratio (FY 2018-19) *
2.29
Number of Policies Sold (Ind+Group) *
79,913
Number of Lives Covered (Ind+Group) **
266,160
Claims Settlement Ratio (Ind+Group) ***
98.41%
* - 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 Saral Jeevan Bima - Standard Term Life Insurance Product:

Minimum / Maximum Age at Entry 18 years / 65 years age last birthday
Maximum Maturity Age 65 years age last birthday
Premium Paying Term (PPT) Regular pay: 5 years to 40 years
Limited pay – 5 years and 10 years
single pay
Minimum Base Sum Assured (Rs.) Rs 5,00,000 (Sum Assured would be allowed only in the multiple of Rs. 50,000)
Maximum Base Sum Assured (Rs.) Rs 25,000,000 subject to board approved underwriting policy
Maximum Premium (Rs.) No Limit, subject to board approved underwriting policy

Brochure

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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