Group Life Protection
Menu Display
- Customer Service
- Our Products
- Capital Secure+ - A Combination Of Market-Linked And Guaranteed Returns
- Edelweiss Tokio Life –Wealth Rise+ – A double-advantage ULIP
- Edelweiss Tokio Life – Premier Guaranteed Income – A guaranteed income plan
- Edelweiss Tokio Life –Wealth Secure + - A new generation ULIP
- Edelweiss Tokio Life- Zindagi Protect - A Comprehensive Term Plan
- All Products
- Resume Application
- Insurance Guide
- Knowledge Center
- About Us
Menu Display
-
Our Products
- Capital Secure+ - A Combination Of Market-Linked And Guaranteed Returns
- Edelweiss Tokio Life –Wealth Rise+ – A double-advantage ULIP
- Edelweiss Tokio Life – Premier Guaranteed Income – A guaranteed income plan
- Edelweiss Tokio Life –Wealth Secure + - A new generation ULIP
- Edelweiss Tokio Life- Zindagi Protect - A Comprehensive Term Plan
- All Products
Menu Display
The Quick Fix For Providing Protection!
designed to provide financial security to the family of the members
under the group policy. It’s a hassle-free plan, designed for quick
decisioning.
Product Enquiry
Take a step ahead in securing lives
No response from Server, Please try again.
Thank you!!
Thank you for sharing your details with us.
Our product expert will get in touch with you soon to understand your life insurance needs.
Life Protection Nav Bar
Life Protection Additional Resources

A Multiple of single/annualized premium as life cover at all time during policy tenure
Product Brochure

Sample Contract

Reasons Why Your Company Needs This Plan - Life Protection
Reasons Why Your Company Needs This Plan
Add or Subtract!
You can accommodate new employees into your existing plan. Similarly, you have measures in place when employees leave.
No Medical Test
This is a hassle-free plan as the members need not go through a medical test in order to be a part of it.
Flexible Coverage
Flexibility to choose a flat cover or a cover which is graded according to designation, salary or any other parameter of your choice.
Additional Critical Illness Cover
You can enhance the plan’s offerings by opting for Riders - Group Critical Illness Rider or Group Extended Critical Illness Rider.
Benefits of Group Life Protection Plan
Benefits of Group Life Protection Plan
-
Life Cover Options
Choose apne pasand ka cover! This plan offers 2 life cover options - Death Benefit and Death Benefit with Terminal Illness. If you opt for the latter, in case of occurrence of a terminal illness, a part of the Sum Assured maximum of Rs. 50 lacs will be paid. The remaining will be paid up on demise.
-
Flexibility in Choosing Coverage Amount
Get the coverage that suits your needs! With this plan, you can customize the coverage for your employees according to various parameters. You can either choose a flat coverage across all or allocate it as per designation, salary or any other criteria of your choice.
-
Member Addition and Deletion
Your calculations, sorted! This plan gives you the freedom to add or subtract members from it. New members can be added during policy year by prorated premium. In case of member deletions, the prorated premium amount will be refunded to you. The risk will also cease from the date of member exit.
-
No Medical Tests
We too love things hassle-free! With this plan, you can get a life cover without any medical tests. This ensures quick decision making on the policy.
-
Critical Illness Cover
Enhance your plan! This plan offers optional benefits for your employees at a nominal extra cost, in the form of Riders - Group Critical Illness Rider and Group Extended Critical Illness Rider which cover 6 & 12 critical illnesses respectively. By opting for these, you can boost your plan’s offerings to suit your employees’ needs better at nominal extra cost.
-
Employer – Employee Benefits³
We love win-win’s. This plan covers the members even beyond working hours, no matter where they are in the world. Benefits received by employees are not taxable³. For the employer, premiums paid are deductible as a business expense.
-
Protects against Credit Liability
Give loans without worries! This plan offers special features for financial institutions. It protects against loan/credit liability in case of an unfortunate demise of the borrower. It also offers a feature that covers the members financial objectives by ensuring continuity of their financial plans.
-
Convertibility Option
Freedom to make your own choices! The members under this plan have the option of buying a replacement death cover with Edelweiss Tokio Life Insurance Company Limited. They can get an individual policy that is subject to the terms and conditions applicable at the time.








Life Cover Options
Choose apne pasand ka cover! This plan offers 2 life cover options - Death Benefit and Death Benefit with Terminal Illness. If you opt for the latter, in case of occurrence of a terminal illness, a part of the Sum Assured maximum of Rs. 50 lacs will be paid. The remaining will be paid up on demise.

Flexibility in Choosing Coverage Amount
Get the coverage that suits your needs! With this plan, you can customize the coverage for your employees according to various parameters. You can either choose a flat coverage across all or allocate it as per designation, salary or any other criteria of your choice.

Member Addition and Deletion
Your calculations, sorted! This plan gives you the freedom to add or subtract members from it. New members can be added during policy year by prorated premium. In case of member deletions, the prorated premium amount will be refunded to you. The risk will also cease from the date of member exit.

No Medical Tests
We too love things hassle-free! With this plan, you can get a life cover without any medical tests. This ensures quick decision making on the policy.

Critical Illness Cover
Enhance your plan! This plan offers optional benefits for your employees at a nominal extra cost, in the form of Riders - Group Critical Illness Rider and Group Extended Critical Illness Rider which cover 6 & 12 critical illnesses respectively. By opting for these, you can boost your plan’s offerings to suit your employees’ needs better at nominal extra cost.

Employer – Employee Benefits³
We love win-win’s. This plan covers the members even beyond working hours, no matter where they are in the world. Benefits received by employees are not taxable³. For the employer, premiums paid are deductible as a business expense.

Protects against Credit Liability
Give loans without worries! This plan offers special features for financial institutions. It protects against loan/credit liability in case of an unfortunate demise of the borrower. It also offers a feature that covers the members financial objectives by ensuring continuity of their financial plans.

Convertibility Option
Freedom to make your own choices! The members under this plan have the option of buying a replacement death cover with Edelweiss Tokio Life Insurance Company Limited. They can get an individual policy that is subject to the terms and conditions applicable at the time.

How it works - Life Protection
How it works
Start Planning
- Conduct need analysis
- Select your group size
Make Your Selections
- Choose the sum assured per member
- Choose between Option I and Option II (Life Cover)
Seal the Deal
- Choose your premium paying frequency
- Opt for additional benefits
Sit Back and Relax
- Submit the requested documents
- Let us verify your details so you can activate your plan!
More Products You Will Love
Choice of 2 Riders⁹ - Life Protection
Choice of 2 Riders⁹
Group Critical Illness Rider
This rider gives you a lump sum pay-out upon diagnosis of any one of the 6 covered critical illnesses including Cancer, Heart Attack or Kidney Failure.
Group Extended Critical Illness Rider
This rider gives you a lump sum amount on diagnosis of any one of the 12 covered critical illnesses including Cancer, Heart Attack or Kidney Failure.
Need expert advice

Need expert advice?
Reasons Why You’re Bound To Love Us Back
Reasons Why You’re Bound to Love Us Back

We’ve got experience in helping people make their Zindagi unlimited

We have the expertise in making you grow your wealth.

We constantly innovate our offerings to get better results for you
Reasons Why You’re Bound to Love Us Back

We’ve got experience in helping people make their Zindagi unlimited

We have the expertise in making you grow your wealth.

We constantly innovate our offerings to get better results for you
Here's Why Our Customers Adore Us - Life Protection
Here's Why Our Customers Adore Us
Look at what people had to say about our services
Asset Publisher

He was very much clear about the issue and the importance of it.. Thanks rohit
Anisha Shashidharan
(sr.associate)
Your customer support is doing excellent job.keep up the good work.
Nilesh Pawar
(manager)
It was very good experience. they understand my problem and solved it and given time to me, thank you.
Kumar Devam
(pvt teacher)
Thanks, all queries resolved in one call to satisfaction. I am rating the services as 10.
Kanika Chaudhary
(DESIGN ARCHITECT)
Very helpful during call thanks to Ms Ayesha A customer care executive
Sudeep priyo Bagh
(teacher)
The Customer Care Executive - Ms Afreen Sheikh was very prompt in resolving my query!!
Devanshu Gandhi
(Buisness owner)FAQs - Life Protection
FAQs
Like teachers say, there are no silly questions
Why do I need a group employee insurance plan?
As an employer, you would like to cover your employees in case they meet any unprecedented situation in their lives, such as terminal illness and/or demise. Therefore, a group employee insurance plan enables you to provide financial security to the family members of your employees, in case they encounter any such eventuality.
Was this helpful?
Why should I opt for Edelweiss Tokio Life Group Life Protection?
Edelweiss Tokio Life Group Life Protection is a one-year renewable life insurance product,
designed to provide financial security to the family of the members under the group policy. The Group is insured against any unfortunate event such as death and/or terminal illness. The policy covers the member even beyond working hours and anywhere in the world. Additionally, it has special features for financial institutions.
Was this helpful?
Does this plan cover COVID-19 claims?
Yes, this plan covers death due to COVID-19.
Was this helpful?
What is the minimum group size required to take this plan?
The minimum group size required to enroll for this plan is of 50 members.
Was this helpful?
What is the minimum and maximum entry age?
The minimum and maximum entry ages as per the last birthdays are 16 and 80 years respectively.
Was this helpful?
What is the maximum maturity age?
The maximum maturity age as per last birthday is 81 years.
Was this helpful?
What is the minimum and maximum policy term?
Both the minimum and maximum policy terms are of 1 year, as this is a one-year renewable group life insurance plan.
Was this helpful?
What is the minimum and maximum sum assured?
The minimum sum assured is Rs. 1,000 per member. For the maximum sum assured, there is no defined upper limit, as it will be subject to Board-approved underwriting policy.
Was this helpful?
How often do I need to pay my premiums?
You can make your premium payments annually, semi-annually, quarterly or monthly.
Was this helpful?
What is Terminal Illness?
Terminal Illness refers to any condition from which an insured member is suffering, which in the opinion of two Registered Medical Practitioners specializing in the relevant field of medicine and appointed by the Company, is likely to lead to death / loss of life within six months.
Was this helpful?
What is a Rider?
A rider is an additional benefit you can opt for, to enhance your plan.
Was this helpful?
What are the riders available with this plan?
For this plan, you can choose between Group Critical Illness Rider and Group Extended Critical Illness Rider.
Was this helpful?
Any special benefits for financial institutions?
This plan provides some special benefits for financial institutions. It protects against loan/credit liability in case of an unfortunate demise of the loan/liability holder by ensuring that the dependents are not burdened with the loan/liability amount. Also, this policy offers a feature that covers the members’ financial objectives by ensuring continuity of their financial plans.
Was this helpful?
Is there a Spouse Cover benefit?
Yes, there is a Spouse Cover benefit, which you can avail if you are opting for Option I: Death Benefit.
Was this helpful?
What is the Convertibility Option?
The convertibility option allows a group member to purchase a replacement death cover with Edelweiss Tokio Life Insurance Company Limited, under an individual policy, subject to our premium rates, terms and conditions available at that time.
Was this helpful?
Does this plan have a Surrender Value?
Yes, this plan has a surrender value.
Was this helpful?
Does this plan have a Maturity Benefit?
As it is a term life insurance plan, no benefits are payable on maturity.
Was this helpful?
Does this plan have a Free Look Period?
This plan offers a free look period of 15 days and 30 days if obtained through distance mode.
Was this helpful?
Are there any Exclusions to this plan?
In case of death due to suicide within 12 months from the date of risk commencement or the date of revival, the beneficiary shall be entitled to at least 80% of the total premiums paid, provided the coverage is in force.
Was this helpful?
Does this plan have a Grace Period?
If the annual premium payment mode is chosen, grace period is not available for single payment. Ifhalf-yearly and quarterly modes are chosen, the grace period offered is of 30 days. Lastly, if the monthly payment mode is chosen, the grace period offered is of 15 days.
Was this helpful?
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
Related Articles & Resources!
Video - Life Protection
Videos
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.
2- Policy loan are subject to terms & conditions of the product. Refer product brochure for more details.
3- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
9- Riders are available at extra cost.
Edelweiss Tokio Life - Group Life Protection is only the name of a Group, Non-Linked, Non-Par, Life, Pure Risk Premium One Year Renewable Insurance Product and does not in any way indicate the quality of the contract, its future prospects, or returns. Please know the associated risks and the applicable charges from your Financial Advisor. 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: 147N008V05
ARN No : WP/1414/Feb/2021