Established in 2011, Edelweiss Tokio is already trustworthy enough for it to be chosen as the official insurer of the Indian Olympic Team.
One of the reasons for the quick rise of the company into fame is the consumer centric policies of the firm which helped it rise to the top of the ladder fairly quickly.
Edelweiss Tokio understands the position of a typical bread earner in the country. More often than not, one member of the family is the sole bread earner and has to look after the needs and aspirations of his own family. They also realize that due to the business they are in, they have to help people make plans for contingencies so that the death of this sole bread earner of the family doesn’t destroy the future and dreams of those he leaves behind.
The only way to help such a person secure the family and their financial needs even after his death is through a simple income insurance policy of the company known as Edelweiss Tokio Life – Income Replacement.
This is a term policy which ensures the client of the company that in case of their demise, the company would be responsible to pay the chosen monthly benefit to their family. Such benefit would continue to be provided till the end of 5 years, or till the policy term expires, whichever is later.
Another way in which this policy is much more suitable for the middle class is that each policy year a 5% increase would be provided in the said monthly allowance to the family, in order to account for the inflation in the market.
The company also provides a range of riders which could be customized with this policy, including one which would waive the premium payable to the company in cases of accidents, disabilities and critical illness.