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WHY INSURANCE
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- WHY US
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OUR PRODUCTS
- ONLINE
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Term
- Edelweiss Tokio Life – TotalSecure+
- Edelweiss Tokio Life – MyLife+
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Edelweiss Tokio Life – Simply Protect
Edelweiss Tokio Life – Simply Protect
A term plan which waives off premiums on disability and critical illness
A low-cost term plan that ensures your family gets financial support to meet their expenses in the unfortunate event of your death.
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Edelweiss Tokio Life – Protection
Edelweiss Tokio Life – Protection
Protection plan for risk coverage
A protection plan which caters to the need of risk coverage. It helps your family members fulfill their dreams, even in your absence
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Edelweiss Tokio Life – Income Replacement
Edelweiss Tokio Life – Income Replacement
Monthly income replacement plan
An income replacement plan which ensures that your income continues even in your absence. This will provide financial security for your family.
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Investment
- Edelweiss Tokio Life – Wealth Plus
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Edelweiss Tokio Life – Wealth Ultima
Edelweiss Tokio Life – Wealth Ultima
A new age ULIP designed for accumulating your wealth
A ULIP having an option to pay systematically through Systematic Monthly Plan, growing your wealth by capitalizing on multiple choices of Systematic Transfer Plan and utilizing your wealth by opting for Systematic Withdrawal Plan.
- Edelweiss Tokio Life – POS Saral Nivesh
- Edelweiss Tokio Life – GCAP
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Edelweiss Tokio Life – Smart Lifestyle
A life insurance savings plan that keeps pace with your changing lifestyle
A smart plan that grows with you wealth through regular bonuses and additions that also increase with your increased protection
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Edelweiss Tokio Life – Wealth Builder
A wealth enhancement plan with guaranteed returns
A non-market based plan for maximising of wealth with multiple options of policy & premium paying term.
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Edelweiss Tokio Life – Guaranteed Income Plan
Edelweiss Tokio Life – Guaranteed Income Plan
A plan offering guaranteed tax free income
A plan that provides assured benefit at maturity. You pay the premium for 15 years and get the benefit for the next 15 years.
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Edelweiss Tokio Life – Wealth Accumulation (Privilege)
Edelweiss Tokio Life – Wealth Accumulation (Privilege)
A ULIP that fulfills your wealth accumulation needs
A plan with tailor made solutions to match your wealth accumulation needs. You get the flexibility to switch between funds and get an option for partial withdrawals.
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Edelweiss Tokio Life – Dhan Labh
Edelweiss Tokio Life – Dhan Labh
Wealth accumulation endowment plan
A plan which helps you to accumulate wealth to meet your long term goals. You get assured returns and additions.
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Edelweiss Tokio Life – Wealth Enhancement (Ace)
Edelweiss Tokio Life – Wealth Enhancement (Ace)
A single pay premium plan for wealth enhancement
A single pay premium plan for wealth enhancement. Pay premium just once for the policy term & receive a comprehensive cover at maturity
- Edelweiss Tokio Life – Wealth Accumulation Accelerated Cover
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Edelweiss Tokio Life – Milestones Plan
Edelweiss Tokio Life – Milestones Plan
An endowment plan with cash back at regular intervals
A plan which provides cash back at regular intervals, a lumpsum amount along with accrued bonus and protection.
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Edelweiss Tokio Life – Safe n Sure Plan
Edelweiss Tokio Life – Safe n Sure Plan
An endowment plan for wealth accumulation
Ensures growth of your money resulting in a substantial lump sum on maturity. An endowment assurance plan to cater to the need of wealth accumulation.
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Edelweiss Tokio Life – Single Pay Endowment Assurance Plan
Edelweiss Tokio Life – Single Pay Endowment Assurance Plan
A plan in which you pay once and get lifetime benefits
A plan where you pay a single premium and get maturity benefit along with protection.
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Edelweiss Tokio Life – Wealth Accumulation (Cover Plus)
Edelweiss Tokio Life – Wealth Accumulation (Cover Plus)
A ULIP for wealth accumulation and risk cover
A ULIP that caters to your need of investment. You can redirect your future premiums in funds of your choice, get access to your wealth through partial withdrawals and loans.
- Health
- Child
- Retirement
- Group
- Micro
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- GUIDANCE
- CUSTOMER SERVICE
the buzz
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12 SEP 2017
Top 10 Health Insurance Mistakes You Must Avoid
Health insurance plays an integral part in achieving your financial goals. Apart from covering your life against any unfortunate event, it also provides the peace of mind that your loved ones will not have to suffer financially after an unfortunate event. Making a mistake while investing can be rectified, but you only buy health insurance once. If your health insurance plan goes wrong, your whole financial future will be severely jeopardized.
Here are the most common ten mistakes people make while buying a health insurance plan, and what you can do to avoid committing them:
- Inadequate cover: People tend to buy a health insurance plan which they think will be light on their pocket. What they miss to understand is the insufficient and low amount these health insurance plans provide in the event of an eventuality. In the case of an actual emergency, this low number proves to be inadequate for covering the medical and hospital bills, thus creating a financial burden on the family. It is therefore advisable that you buy a health insurance plan that comprehensively covers all of your future healthcare needs.
- Health insurance for tax benefits: Buying a health insurance plan only for the motive of saving tax always leads to an idea having an inadequate insurance cover. It is true that the premium you pay towards your health insurance is tax deductible under section 80D, but the sole purpose of a medical insurance plan should be to cover your expenses in case of an emergency and not tax benefits.
- Lying about the medical background: For fear of the insurance company rejecting their insurance application, people tend to lie about their medical history by concealing relevant information. Hiding information about existing medical condition could lead to rejection of your claim when the insurance company gets to know the truth. You should positively reveal all the information about your health history while buying a health insurance.
- Too much cover: Before buying an insurance policy you should reconsider the cover you are getting in the insurance plan. Taking too much health insurance will lead to pricey premiums and lapse of the policy if you are unable to pay them.
- Not comparing health insurance plans: How would you know what is best for you without looking at different alternatives? Everyone has different needs and financial background. Buying a health insurance policy only because it is the same scheme your friend or your relative has bought would be a grave mistake. You should always purchase a health insurance plan after assessing your future needs and comparing different policies with each other to know what plan would be a perfect fit for you.
- Not adding “Riders”: To some extent, it could be true that you are healthy and don’t need to visit a doctor regularly. However, what can be said about accidents and illnesses? Riders provide you with extra insurance amount if you suffer from an accident or illness mentioned regarding the rider. You should always consider adding a rider to your health insurance plan as you can never anticipate accidents and critical illnesses. This would provide you with an extra amount apart from your insurance cover, to pay the expensive medical bills of the hospital.
- Young people do not need insurance: While it may be true that young people are healthier, it is also true that buying a health insurance plan should be the primary priority of everyone, irrespective of the age. As life is full of uncertain events, they do not choose between young and old. You should consider buying a health insurance plan even if you are in your 20s or 30s.
- Not reading the policy terms: People make a big mistake when they skip on reading the terms and conditions of the policy and find out something years later that negatively affects their whole financial plan. It is important that you read the fine print of the policy in detail to get a general idea of what you are buying and how it will affect you in the future.
- Buying an additional policy: People buy an additional health insurance policy to extend their coverage further. In the long run, this does not cost efficient and leads to small savings. If you want to extend your protection, you should avail the option of " Top up" which will allow to you prolong the coverage of your existing policy.
- Not knowing about discounts: During the term of health insurance coverage, you may be entitled to certain discounts from the life insurance company.
Edelweiss Tokio Life provides you with health insurance plans that provide comprehensive protection with the option of adding different riders and tax benefits under section 80C and 10(10D).
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13 APR. 2018
Critical Illness vs Terminal Illness
Whether it is marketing over television, radio or billboards, or pop-ups over the internet, insurers are increasingly trying to contribute to financial your literacy and equipping you with information to make the right financial decisions
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