Edelweiss Tokio Vs TATA AIA Life Insurance Comparison 2024

Updated On: 2023-03-30

Author : Team Policybachat

There are many insurance companies in India and choosing one can be a daunting task. This article will help you decide which company is best for you. If you are looking for Edelweiss Tokio Vs Tata AIA Life Insurance Comparison you must know which is the Best for You?

The Edelweiss Tokio life and TATA AIA Life insurance are both private insurers that offer similar products to their customers. However, they have some key differences that make them unique from each other. Edelweiss Tokio and Tata AIA offer a wide range of products for their customers including term assurance, endowment assurance, and savings plan assurance plans that are available for individuals and families.

The Edelweiss Tokio and Tata AIA Life Insurance Comparison can be done in an online comparison tool that helps you compare the rates of these two life insurance providers. The comparison tool has been designed to help you make a decision on which one is the best option for you. It also helps you find out more about the features and benefits offered by these two companies.

Edelweiss Tokio Life Insurance

Edelweiss Tokio Life Insurance is a financial services company that offers life insurance plans to individuals, families, and businesses. The company operates in more than 20 countries worldwide. Edelweiss Tokio Life Insurance was founded in India in 2011 and has since expanded its operations globally. Edelweiss Tokio Life Insurance Company is a joint venture between Edelweiss Financial Services and Tokio Marine Holdings Inc.

Edelweiss Tokio life insurance is a company that provides coverage for your life. They offer a wide range of options for their policyholders, from term life to whole life policies. The company has been in business for over a decades and has seen several changes in the industry during its time. They have also been known to be very competitive in pricing and have even had success with their line of edelweiss branded products.

List of Edelweiss Tokio Life Insurance Plans

Type of Plans Edelweiss Tokio Life Insurance Plans
Term Insurance Plans
  • Edelweiss Tokio Life Zindagi Plus
  • Edelweiss Tokio Life Total Protect Plus
  • Edelweiss Tokio Life Saral Jeevan Bima
  • Edelweiss Tokio Life Saral Jeevan Bima
  • Edelweiss Tokio Life Simply Protect
Retirement Plans
  • Edelweiss Tokio Life Easy Pension
  • Edelweiss Tokio Life Saral Pension
  • Edelweiss Tokio Life Cashflow Protection Plus
  • Edelweiss Tokio Life Forever Pension
Health Plans
  • Edelweiss Tokio Life CritiCare Plus
  • Edelweiss Tokio Life Covid Shield Plus
Group Plans
  • Edelweiss Tokio Life Pradhan Mantri Jeevan Jyoti Bima Yojana
  • Edelweiss Tokio Life Group Wealth Accumulation
  • Edelweiss Tokio Life Group Life Protection Plan
  • Edelweiss Tokio Life Group Employee Benefit Plus
  • Edelweiss Tokio Life Group Credit Protection Plan
  • Edelweiss Tokio Life Group Total Secure
Investment Plans
  • Edelweiss Tokio Life Premier Guaranteed Income
  • Edelweiss Tokio Life GCAP
  • Edelweiss Tokio Life Wealth Secure Plus
  • Edelweiss Tokio Life Wealth Plus
  • Edelweiss Tokio Life Wealth Gain plus
  • Edelweiss Tokio Life Active Income Plan
  • Edelweiss Tokio Life Income Builder
  • Edelweiss Tokio Life Wealth Ultima
  • Edelweiss Tokio Life Single Pay Endowment Assurance Plan
  • Edelweiss Tokio Life POS Saral Nivesh
  • Edelweiss Tokio Life Dhan Labh
  • Edelweiss Tokio Life Smart lifestyle
  • Edelweiss Tokio Life Wealth Premier
Micro Insurance Plans
  • Edelweiss Tokio Life Insurance Jan Suraksha Plan
  • Edelweiss Tokio Life Insurance Raksha Kavach Plan

Edelweiss Tokio Life Insurance Benefits & Features

  • Edelweiss Tokio Life Insurance Company provides plans which have customizable options such as customizable payouts.
  • Edelweiss Tokio Life Insurance offers several life insurance products such as term insurance, investment, retirement, health, group plans, etc. to choose from.
  • Edelweiss Tokio Life Insurance Company is known for the claims it settles. The claim process followed by the company is easy to understand as well as hassle-free.
  • Edelweiss Tokio Life Insurance policies offer high insurance cover at a low premium. So, customers can buy the life insurance policy within their budget.
  • Edelweiss Tokio Life Insurance ensures full transparency in its dealings with customers.
  • Edelweiss Tokio Life Insurance provides a wide range of investment plans that allows the policyholder to let the investment grow while enjoying the benefits of life insurance simultaneously.

TATA AIA Life Insurance

Tata AIA Life Insurance is a leading insurance company in India. It provides various types of life insurance products. Tata AIA Life Insurance Company Limited is a joint venture between Tata Sons and AIA Group Ltd. Tata Sons holds a stake of 74% in the company and AIA holds 26%. Tata AIA Life was established on April 1, 2001. Tata AIA Life combines Tata’s preeminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia Pacific region. Tata group is a global enterprise, headquartered in India, and Tata AIA was founded by Jamsetji Tata in 1868.

List of Tata AIA Life Insurance Plans

Type of Plans Tata AIA Life Insurance Plans
Term Insurance Plans
  • Tata AIA Life Insurance Sampoorna Raksha Supreme
  • Tata AIA Life Insurance Saral Jeevan Bima
  • Tata AIA Life Insurance InstaProtect Solution Plan
ULIPS Plans
  • Tata AIA Life Insurance Fortune Maxima
  • Tata AIA Life Insurance Wealth Maxima
  • Tata AIA Life Insurance Smart Sampoorna Raksha
  • Tata AIA Life Insurance Fortune Pro
  • Tata AIA Life Insurance Fortune Pro
Retirement Plans
  • Tata AIA Life Insurance Guaranteed Monthly Income Plan
  • Tata AIA Life Insurance Saral Pension plan
  • Tata AIA Life Insurance Smart Annuity Plan
  • Tata AIA Life Insurance Fortune Guarantee Pension Plan
Savings Plans
  • Tata AIA Life Insurance Fortune Guarantee Plus
  • Tata AIA Life Insurance Guaranteed Monthly Income Plan
  • Tata AIA Life Insurance Guaranteed Return Insurance Plan
  • Tata AIA Life Insurance Smart Income Plus
  • Tata AIA Life Insurance MahaLife Gold
  • Tata AIA Life Insurance POS Smart Income Plus
  • Tata AIA Life Insurance Money Back Plus
  • Tata AIA Life Insurance Gold Income Plan
  • Tata AIA Life Insurance Value Income Plan
  • Tata AIA Life Insurance Fortune Guarantee
  • Tata AIA Life Insurance Diamond Savings Plan
Group Plans
  • Tata AIA Life Insurance Group Loan Protect Plan
  • Tata AIA Life Insurance Group Term Life Plan
  • Tata AIA Life Insurance Group Sampoorna Raksha
  • Tata AIA Life Insurance Group Employee Benefit Plan
  • Traditional Group Corporate Benefit Plan
Combo Plans
  • Tata AIA Life Insurance Secure Insurance Solutions Plan

Tata AIA Life Insurance Benefits & Features

  • Tata AIA Life Insurance offers a wide range of benefits and features to its customers. These include cover for your entire family, cover for yourself as well as your spouse and children, etc.
  • Tata AIA life insurance offers financial protection to your family in case of an unfortunate event happening to the insured. In case the life assured passes away during the policy term, the insurance company will provide a death benefit amount to the family member of the life insured.
  • Tata AIA Life insurance plans are available at an affordable premium and provide life cover at a budget-friendly price to fit every individual’s requirements and budget.
  • Tata AIA offers several life insurance riders that can be added to the life insurance plans to enhance the base coverage of the insurance plans. You can add these riders at the time of policy issuance at an additional cost.
  • Tata AIA Life Insurance plans provide tax benefits according to privileging income tax laws under sections 80C and 10D of the Income Tax Act 1961.

Comparison Table of Edelweiss Tokio Life Insurance and TATA AIA Life Insurance

The table below compares the two insurance providers Tata AIA and Edelweiss Tokio life insurance based on various factors. Here are some of the key parameters based on which they differ from each other:

Parameter Edelweiss Tokio Life Insurance Tata AIA Life Insurance
Claim settlement ratio 97.01% 98.02%
Solvency Ratio 2.15 2.04
Inception 2011 2000
Number of Branches 116 216
Availability Online/Offline Online/Offline
Life Cover Up to 99 Years Up to 99 years
Types of Plans
  • Term Insurance Plans
  • Investment Plans
  • Retirement Plans
  • Health Insurance Plans
  • Group Insurance Plans
  • Micro Insurance Plans
  • Term Plans
  • ULIP Plans
  • Retirement Plans
  • Savings Plans
  • Group Plans
  • Combo Plans
E-services
  • Report a Claim
  • Claim Tracking
  • Download Certificates
  • Premium Payment
  • Renew Policy
  • Update Details
  • Fund Statement Download, etc.
  • Online Premium Payment
  • Download Statements
  • Update Policy Details
  • Renew Policy
  • Buy Policy
  • Claim Support, etc.
Riders Available
  • Accidental Total and Permanent Disability Rider
  • Waiver of Premium Rider
  • Accidental Death Benefit Rider
  • Hospital Cash Benefit Rider
  • Critical Illness Rider
  • Tata AIA Life Insurance-Linked Comprehensive Protection Rider
  • Tata AIA Life Insurance Non-Linked Comprehensive Health Rider
  • Accidental Death & Displacement long-scale Rider
  • Wavier of Premium Plus Linked Rider

Conclusion

Life insurance is a financial security product that provides a financial benefit to the person or the beneficiary in case of death. Choosing the right life insurance company can be challenging. There are many different factors to consider when selecting which company will best suit your needs. With that said, it is important to do your research so you can make an informed decision about your future financial security.

Edelweiss Tokio Life Insurance and Tata AIA life insurance offer a wide range of life insurance products to their customers. When you are deciding which life insurance to choose, you should compare the features offered by each company. You should also consider factors like the company’s reputation, customer service, products, cost of policies, etc.

The decision has become much easier with the help of PolicyBachat. Compare life insurance quotes and know all the key features and benefits of Tata AIA life insurance and Edelweiss Tokio Life Insurance to select the right policy.

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