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Edelweiss Life Insurance is an Indian private insurer that offers a variety of life insurance plans designed to fit the financial needs of people from all walks of life. They offer various terms, investments, health plans, and other plans. You can look at the different plans offered by the company to help secure your loved ones and fulfill your long-term goals.
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You should buy from Edelweiss Life Insurance because the company had a 99.20% claim settlement ratio (sourced from the company’s official website) in FY 2023, which indicates that the insurer settled most of the claim requests received in the financial year. The company has a strong pan-India presence with around 131 branches and over 84K agents. Edelweiss Life Insurance strives to achieve success by focussing on the following factors:
Quality: Edelweiss Life Insurance Company aims to provide quality through its products, services, advice, and interactions.
Cost-conscious: The company offers several plans to ensure people of all economic backgrounds can secure their loved ones.
Customer Centric: The company understands its customers’ needs and optimises its plans to fit their requirements.
Term Plans
Here is a list of benefits of buying an Edelweiss life insurance plan:
Affordable Premiums: Edelweiss Life offers several life insurance plans, such as term insurance, with extensive life coverage at affordable premiums.
Financial Protection: These plans secure the future of your loved ones by providing them with a selected death benefit to help them meet their financial needs.
Create a Corpus: You can easily create a corpus with Edelweiss life insurance plan by choosing the funds you want your money invested in, according to your risk appetite.
High Claim Settlement Ratio: Edelweiss Life Insurance has a high claim settlement ratio, which indicates that the company has settled most of the claims received and is thus a reliable insurer.
Easy Purchase Process: You can easily buy life insurance plans from Edelweiss Life from the comfort of your home, anytime, anywhere.
These are pure term life insurance plans, basically, pure-risk term insurance plans that aim to provide families with financial protection in case of the policyholder's unfortunate demise. With these plans, families can secure their loved ones with high coverage at nominal premium rates.
| Edelweiss Life Term Plan | Entry Age | Maturity Age | Policy Term | |
| Edelweiss Life Zindagi Protect | 18 - 65 years | 100 years | 5 - (100 - age at entry) years | |
| Edelweiss Life Saral Jeevan Bima | 18 - 65 years | 70 years | 5 - 40 years |
Choose between life cover or return of premium cover options
Select better half benefit at additional premiums to cover your spouse
Pay the premiums in limited or regular premium payment term
Skip up to 8 premium payments, with the Premium Break option depending on the premium payment term
Add the Child’s Future Benefit at additional premiums to enhance life cover till the child turns 25 years of age
Choose to pay the premiums in regular, single, or limited pay for 5 or 10 years
Financially cover your family for the entire policy term at affordable premiums
The plan covers death due to COVID-19 as well
Choose to stay covered under this plan for 5 to 40 years
Select a life cover from 5 to 25 Lakhs for the family’s financial needs
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Edelweiss offers wealth creation plans, which provide life cover and tax benefits on the amount you pay and subsequent returns.
| Edelweiss Life Wealth Creation Plans | Entry Age | Maturity Age | Policy Term | |
| Edelweiss Life Wealth Secure + | 0 - 60 years | 70 years | 5 - (100 - entry age) years | |
| Edelweiss Life Wealth rise+ | 0-50 years | 100 years | 5-40 years | |
| Edelweiss Life Wealth Gain + | 0-50 years | 70 years | 10-20 years | |
| Edelweiss Life Wealth Premier | 8-65 years | 75 years | 10 years | |
| Edelweiss Life Wealth Ultima | 0-70 years | 100 years |
The plan offers death benefits to your family on the untimely death of the policyholder
Enhanced protection for your child in case of your untimely death
Get fund additions as per loyalty, booster, and maturity additions
Choose from 7 fund options with unlimited switches and a self-managed strategy
Option to cover your spouse under the same plan with the joint cover
The plan offers two variants and allows the policyholders to choose as per their needs.
The plan offers financial cushion to the family of the policyholder in case of their unfortunate death
Boost of fund value at regular intervals during the policy term
The policyholder can select a Systematic Withdrawal Plan (SWP) under the Base Cover Plan by choosing the withdrawal percentage, payout frequency, and start year.
Choose from two investment strategies based on your risk profile: self-managed or Life Stage and duration-based.
A percentage of your fund value is added back to maximize your savings as loyalty and booster additions
If the policyholders survive until the maturity date, the total Mortality Charges (excluding extra charges and taxes) will be added to your fund value
The plan offers two investment strategies to cater to various investment needs
Flexibility to choose your Premium payment term
With the Self-Managed Strategy, switch funds for free with a minimum of Rs. 5,000 per switch, while the Life Stage & Duration Strategy allows opt-in or opt-out anytime during the policy term
Ensures financial protection for the family in case of unfortunate demise of the policyholder
Provides 10 years of life cover with a single premium payment.
Offers 8 fund options with unlimited free switches.
Maximizes savings with additional allocations at the end of the 6th, 8th, and 10th policy years.
Provides an option to choose between Single Life and Joint Life cover.
Edelweiss Life – Wealth Ultima includes SMP, STP, and SWP for flexible financial planning.
Various additions in the policy provide better returns.
Offers life cover that provides a lump sum to the beneficiary in case of the insured's demise.
Little Champ Benefit ensures the policy continues, providing benefits to the child if the policyholder dies.
Choose a Policy Term from 10 years to age 100 and a Premium Paying Term from 5 years to the end of the policy term.
Edelweiss Life Guaranteed Income Plans offer the dual advantage of life insurance and investment. These plans look after your family's financial needs and help you grow money to fulfill your future needs.
| Edelweiss Life ULIP Plan | Entry Age | Maturity Age | Policy Term | |
| Edelweiss Life- Flexi Savings Plan | 0-60 years | 100 years | 10-40 years | |
| Edelweiss Life-Premier Guaranteed Star | 0-65 years | 99 years | 20-44 years | |
| Edelweiss Life- Guaranteed Savings Star | 0-60 years | 100 years | 10-40 years | |
| Edelweiss Life- GCAP | 91 days- 55 years | 70 years | 10, 15, 20, 25 and 30 Years | |
| Edelweiss Life- Income Builder | 6-55 years | 67 years | 6-12 years |
Ensure your family's financial security with comprehensive life insurance coverage.
Receive payouts annually at the end of each policy year.
You can select from various benefit types offered through three distinct plan options: Flexi-Income, Flexi-Income PRO, and Large Sum.
Secure your life beyond maturity with the Life Cover Continuation Benefit.
You can choose to start receiving income as early as the 2nd or 5th policy year or after the premium-paying term.
Secure your family’s financial future with comprehensive life insurance coverage.
Achieve future goals with stable, assured returns in the form of income.
You can customize your plan with various policy options, premium payment terms, and a lump sum benefit at maturity.
Enhance your protection by adding riders for an additional premium.
Receive regular income benefit payouts starting from the third policy year after the completion of the premium payment term, continuing until maturity or the insured's death.
Secure your family’s financial future with life insurance coverage.
Choose between two plan options—Base and Enhanced Cover—to optimize your insurance and increase your death benefit.
Ensure your family’s dreams are met even in your absence or upon diagnosis of a covered critical illness with Family Income Benefits for an additional premium.
Achieve your future goals with guaranteed returns known from the beginning of the policy.
Enjoy tax benefits as per prevailing tax laws.
Gain extra benefits starting from the 9th policy year through Guaranteed Accrual Additions
Choose from multiple options of policy terms and premium-paying terms to align with your needs
Receive additional benefits for higher premiums
Enhance your coverage with various rider options and access a loan facility to address urgent liquidity needs
Avail loan benefits to meet liquidity needs
Secure your family’s financial future through versatile life insurance coverage
Choose between regular income or a combination of regular and lump sum payouts to fulfill your future aspirations
Opt for the 'Secured Income' Plan Option to ensure your dreams are realized even in unforeseen circumstances
Select from two Maturity Benefit Options tailored to your preferences
Enjoy flexibility in receiving income on a date of the month that holds special significance and in aligning premium payments and income payouts with your financial goals
These plans offer financial security for your golden years with customizable annuity options. They provide a steady income stream post-retirement, ensuring peace of mind. Additionally, these plans provide guaranteed returns and protection against inflation to ensure you live peacefully after retirement.
| Edelweiss Life Retirement Plans | Entry Age | Maturity Age | Policy Term | |
| Edelweiss Life - Cash Flow Protection Plus Plan | 91 days to 55 years | 100 years | 100 years minus age at entry | |
| Edelweiss Life - Easy Pension | 18 to 75 years | 85 years | 10 to 67 years | |
| Edelweiss Life- Forever Pension | 35 to 85 years | NA | NA | |
| Edelweiss Life- Saral Pension | 40-80 years | NA | NA |
Get guaranteed income and protection until age 100
Receive a lump sum at the end of the premium payment term through a reversionary bonus if declared
Earn higher returns through additional cash bonus, if declared, by sharing profits
Pay for your future needs with limited payment periods from your present income
Enjoy discounts for a higher Sum Assured on Maturity and access a loan facility for urgent liquidity needs
Low Premium Allocation Charge and Guaranteed Loyalty Additions to enhance returns
Choose policy terms up to 85 years with flexible Premium Paying Terms.
Multiple premium payment options: single pay, limited pay, and regular pay.
Simple and easy to buy with minimal process and option to choose your risk strategy for fund allocation.
Automatic reallocation of your money to optimize retirement needs.
Guaranteed regular annuity for life, providing stable income throughout your lifetime.
Wide range of annuity options to customize and suit your financial needs.
Option to return 100% of the purchase price or the balance purchase price under various circumstances.
Coverage for critical illness, accidental total, and permanent disability, or death with the return of purchase price option.
The plan offers Joint life coverage, allowing you to include a second life under the same annuity plan.
Guaranteed regular annuity income for life.
Get a Life Annuity with a Return of 100% of the Purchase Price (ROP).
The plan offers a Joint Life Last Survivor Annuity with a Return of 100% of the Purchase Price (ROP) upon the death of the last survivor.
Flexibility to receive annuity payments in monthly, quarterly, half-yearly, or yearly modes.
Avail for a loan on the policy.
Here is how you can buy Edelweiss Life insurance online in India:
Step 1: Visit the life insurance page
Step 2: Select the type of life insurance you want to buy
Step 3:Fill in the required details such as your name, gender, date of birth, and contact details
Step 4: Choose the right occupation type, educational qualification, smoking habits, and annual income
Step 5: Select the suitable policy and proceed to pay
Here is how Edelweiss Life insurance settles the claims
Claim Initiation: The nominee needs to initiate the claim with Edelweiss Life Insurance Company promptly after the policyholder's death, attach all required documents, and submit the completed claim form to the insurer.
Claim Verification: The insurer will verify the claim and the information in the claim form.
Claim Settlement: Upon successful verification, the insurer will disburse the claim amount to the nominee's bank account.
You can pay offline by visiting the nearest branch in your city.
For offline mode, you can approach any of the branch offices or speak with the customer care regarding the renewal process on the phone.
The IOA (Indian Olympic Association) announced on Saturday that the financial service provider, Edelweiss Group, is going to be its major partner in presenting the Rio Olympics this year. Edelweiss Group is a shareholding company in the Edelweiss Life Insurance Company.
This declaration was made in front of the Olympic boxing medalist, M C Mary Kom and Rio-Olympic qualified sportspersons Ritu Rani, who is the captain of Women's Hockey Team of India and Sardar Singh, who is the captain of Men's Hockey Team of Insia.
Edelweiss Group, in the past, has had an involvement in sports and has also supported innumerous sports celebrities, such as P V Sindhu, M C Mary Kom, and Ayonika Paul. The group had also signed Saina Nehwal, the number one shuttler as the company’s brand ambassador during the last year.
Edelweiss is a joint venture between Edelweiss Financial Services, a leading financial services company in India, and Tokio Marine Holdings Inc., a world-wide leader in the global insurance industry. Currently Tokio Marine owns 26% stake in the JV and with this stake purchase, its share in the insurance JV will reach the maximum permissible limit of 49%.
Tokio Marine’s additional stake purchase would infuse cash to the tune of Rs. 525 crores into the company and aid the JV’s future expansion plans in India. The company has made it clear that it will attempt to further increase its share in the Indian insurance market through inclusion of new groups of people from the relatively untapped Indian population.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
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