Edelweiss Tokio Life Zindagi Protect is a term insurance plan offered by Edelweiss Tokio Life Insurance Company. A term insurance plan is one of the most cost-effective ways to ensure your family will have a secure financial future. With it, your family will be paid a sum of money as a death benefit, in case your death happens during the policy term. This money can help them meet their financial needs, while not compromising on their present lifestyle - as well as pay off any pending loans or liabilities you might leave behind.
This product is cheaper compared to other plans in the market. It provides the flexibility to tailor your coverage with an early exit option, a comprehensive critical illness rider, and offers various choices for customizing how your family will receive the claim amount. On the flip side however, it doesn't offer many limited pay options and other important customizations like increasing cover. And, the insurer has received a higher number of claim settlement complaints as well as policy purchase complaints as per our research, indicating a poor track record in terms of both purchase and claims service experience.
Edelweiss Tokio Life is a Life insurance company in India. Founded in 2011, it is a joint venture between Edelweiss Financial Services Ltd. and Tokio Marine Holdings Inc., one of the oldest and largest insurance companies in Japan. The company is headquartered in Mumbai, and the MD and CEO of Edelweiss Tokio Life is Mr. Sumit Rai.
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