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Let Us Help You In Helping Others

The business of lending helps people achieve their dreams, but it comes
with some risks too. So, to reduce non-recovery due to unforeseen
circumstances, Edelweiss Tokio Life Group Credit Protection offers
financial security for all types of loans, even during a moratorium period.

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Take a step ahead to secure yourself

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A Multiple of single/annualized premium as life cover at all time during policy tenure
Product Brochure
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Reasons Why This Plan Takes Care Of Your Assets

Reasons Why This Plan Takes Care Of Your Assets

Benefits of Group Credit Protection Product Plan

Benefits of Group Credit Protection Product Plan

One solution for all! Being a plan specifically curated for financial institutions, you can get cover for all types of loans when you opt for Edelweiss Tokio Life Group Credit Protection. This includes personal, home, car, agriculture, credit card, education and any other loan.


It’s got the power of one! With this plan, you just need to make a one-time premium payment to kickstart your benefits. With this Single Premium payment, you can get cover for 30 years without the hassle of multiple payments.


In-built contingency plan! In case of any unfortunate circumstances, this plan will cover you during the moratorium period. During this period your cover stays intact!


Get benefits even when you surrender! This plan offers surrender benefits*⁴. It is available from your first policy year, and the surrender value will be 70% of the total term coverage. In case the master policy holder surrenders the plan, the other members of the plan are given the choice to continue getting their benefits by converting to an Individual Plan.


How It Works - Credit Protection

How It Works!


Start Planning

  • Conduct need analysis
  • Choose your premium amount

Make Your Selections

  • Select your group size
  • Choose the sum assured per member

Seal the Deal

  • Choose your policy term
  • Make your premium payment

Sit Back and Relax

  • Submit the requested documents
  • Let us verify your details so you can activate your plan!

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Reasons Why You’re Bound To Love Us Back

Reasons Why You’re Bound to Love Us Back

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FAQs - Credit Protection

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Like teachers say, there are no silly questions

Why do I need a group life credit insurance plan?

As a financial institution, the loans that you lend help people fulfil their dreams. However, if something would happen to them, their loan repayment may get stuck and you would be left with liabilities. So, a group credit insurance plan is ideal to protect the lender’s interests. Though you take necessary measures for recovery, you also need to insure your lent assets against non-payment by the borrower, on his/her death.

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Edelweiss Tokio Life – Group Credit Protection covers all types of loans that you may lend. It is a Single pay term and offers cover even during moratorium period.

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Yes, this plan covers death due to COVID-19.

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You can avail this plan with a minimum group size of 50 people.

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A minimum of 1 year and a maximum of 2 years’ moratorium period would be available.

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Yes, this plan offers cover equivalent to principle, during the moratorium period.

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 The minimum and maximum entry ages are 18 years and 65 years respectively.

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The maximum maturity age is 70 years.

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The minimum and maximum coverage terms are 2 and 30 years respectively.

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As it is a Single pay term, you only need to pay your premium once.

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The minimum sum assured is Rs. 10,000 per member. The maximum sum assured is subject to Board approved underwriting policy.

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It is a term plan, so no maturity amount is payable on maturity or survival. In the event of death, the reduced sum assured as per schedule as on death will be paid.

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 This product offers a free look period of 15 days and that of 30 days in case of electronic policies and policies obtained through distance mode.

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Yes, this plan has a surrender benefit, which will be available from the first year.

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In case of death due to suicide within 12 months from the date of risk commencement for the individual member or from the date of revival, the nominee or beneficiary of the individual member shall be entitled to at least 80% of the total premiums, provided the coverage is in force.

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As it is a single pay term, grace period is not applicable.

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We are always there for you!


We are always there for you!

For queries, write to onlinesales@edelweisstokio.in
Contact us on 022 6611 6018

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0- Provided the premium paying term is more than or equal to 10 years.

1-  This is applicable only if all due premiums are paid and the policy is inforce.

*4- Subject to terms & conditions. Refer product brochure for more details


Edelweiss Tokio Life – Group Credit Protection is only the name of a Group, Non-Linked, Non-Par, Pure Risk Premium, Life, Credit Insurance Product and does not in any way indicate the quality of the plan, its future prospects, or returns. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the tax laws. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding a sale.

IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336. UIN: 147N002V03

ARN No : WP/1418/Feb/2021