Aviva Life vs Edelweiss Tokio
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Aviva Life vs Edelweiss Tokio Life Insurance 2024

Aviva Life and Edelweiss Tokio both are one of the top life insurance providers in India. Both the companies offer comprehensive life insurance plans offering life cover from 10 to 99 years of age. The product portfolio of both of them is vast and caters to unique needs of the customers. The claim settlement ratio of Aviva Life is 98.39% whereas Edelweiss Tokio has 98.09% CSR for the FY 2022-23. The companies provide benefits such as high sum assured, flexible premiums, customizable coverage, rider benefits, options for premium payment terms, maturity benefits, online discounts, non-smoker discounts and various plan options to choose from.

PLAN DETAILS Edit Aviva Life

Aviva Life

Edit edelweiss-tokio-life

Edelweiss Tokio

Number of life insurance plans and add-ons
Entry Age (Min-Max) 18-55 years 18-55 years
Policy Term 5 - 40 years 10-62 years
maturity Age (Min-Max) 18-80 years 28-70 years
Claim settlement ratio (CSR) 98.39% 98.09%
Asset under managment (AUM) 35800 Crores 78642 Crores
Solvency ratio 2.1 2
Policy Type
  • Term insurance
  • Endowment policy
  • ULIP
  • Money back policy
  • Retirement plans
  • Savings plans
  • Child plans
  • Group Insurance plan
  • Term insurance
  • Whole life policy
  • Endowment policy
  • ULIP
  • Money back policy
  • Retirement plans
  • Savings plans
  • Child plans
  • Group Insurance plan
Coverage Amount
  • Minimum- 5 Lakh
  • Maximum- No Limit
  • Minimum- 15 Lakh
  • Maximum- No Limit
Optional Additional Riders
  • Critical illness rider
  • Waiver of premium rider
  • Group critical illness rider
  • Hospital cash benefit rider
  • Group extended critical illness rider
  • Accidental death benefit rider
  • Accidental total & permanent disability rider
  • Income benefit rider
  • Pay or waiver benefit rider
  • Critical illness rider
  • Waiver of premium rider
  • Group critical illness rider
  • Hospital cash benefit rider
  • Group extended critical illness rider
  • Accidental death benefit rider
  • Accidental total & permanent disability rider
  • Income benefit rider
  • Pay or waiver benefit rider
Number of term plans 4 5
Exclusions Suicide or self inflicted Injury Suicide or self inflicted Injury
Death Benefit Yes Yes
Survival Benefit Yes Yes
Claims procedure Both (Online+offline) Both (Online+offline)
Type of the insurer Private Private
Online buying facility for life plans Yes Yes
Premium payment options Single/limited/Regular Single/limited/Regular
Online claim facility Yes Yes

Life Insurance Companies

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Aviva Life Term Insurance Plans

Aviva Signature 3D Term Plan

The plan offers coverage of up to 1 crore for terminal illnesses, providing comprehensive financial protection against Death, Disability, and Diseases (3D).

Unique Features

  • 4 Plan Options
  • Special Premium Rates for Female
  • 3D-TROP Option

Signature 3D Term Plan (Pros)

  • Whole life Coverage
  • Critical/Terminal Illness
  • Additional Protection Through 3 Riders

Signature 3D Term Plan (Cons)

  • No Tumor Treatment Cover
  • No Thyroid Cancer Cover
  • No HIV Cover

Signature 3D Term Plan (Other Benefits)

  • Waiver of Future Premiums
  • Buy Policy Under MWP Act
  • Additional SA on Accidental Death

Signature 3D Term Plan (Eligibility Criteria)

  • Entry Age - 18 years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - 10 to 30 Yrs (LP)

Aviva Jana Suraksha

The Aviva Jana Suraksha is a life insurance plan that helps you protect your children’s future. It is a low-cost life insurance plan with flexible premium payment terms.

Unique Features

  • No medical test required
  • Avail tax benefit
  • 2X SI for accidental death

Jana Suraksha (Pros)

  • Suicide Cover
  • Flexible Payment Frequency
  • Annual Premium: Depends on life cover

Jana Suraksha (Cons)

  • No Maturity Benefit
  • No Surrender Benefit
  • No Loan Allowed

Jana Suraksha (Other Benefits)

  • Grace Period 30 Days
  • Minimal Documentation
  • Affordable Plan

Jana Suraksha (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 45 years
  • Minimum Sum Assured - 30K
  • Maximum Maturity Age - NA
  • Premium Payment Term -SP

Aviva Saral Jeevan Bima

Aviva Saral Jeevan Bima Plan is a term life insurance plan which provides financial security to your loved ones. The sum assured can be up to 25 lakhs with a death benefit.

Unique Features

  • Affordable Plan
  • Avail tax benefit
  • Revive lapsed policy

Saral Jeevan Bima (Pros)

  • 105% Death Benefit
  • Choose To pay Premium Once
  • Max Sum Assured 25 L

Saral Jeevan Bima (Cons)

  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

Saral Jeevan Bima (Other Benefits)

  • Suicide Cover After 12 Months
  • Spouse Cover
  • Easy Claim Settlement

Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP(5&10 Years)

Aviva Protection Plus

A plan that comes with basic/additional and maturity sum assured, discounts on the higher sum assured and Return of Premiums.

Unique Features

  • Covers Transgenders
  • Enriched Protection Option
  • Savings Booster Option

Protection Plus (Pros)

  • Enriched Protection Option
  • Savings Booster Option
  • Rebate for High Sum Assured

Protection Plus (Cons)

  • No Loan Allowed
  • No Surrender Benefit
  • No HIV Cover

Protection Plus (Other Benefits)

  • Pick the Premium Frequency
  • Term Plan with Return of Premium
  • Guaranteed Surrender Value

Protection Plus (Eligibility Criteria)

  • Entry Age - 20 Years
  • Max Entry Age - 60 years
  • Minimum Sum Assured - NA
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - RP/One Pay

Edelweiss Term Insurance Plans

Edelweiss Tokio Life Saral Jeevan Bima

A simple term insurance plan to cover your family with a limited pay option, tax benefits and flexible policy terms.

Unique Features

  • Life Cover
  • Flexible policy term
  • Tax Benefit

Saral Jeevan Bima (Pros)

  • Available for Online Buying
  • Choose To pay Premium Once
  • Max Sum Assured 50L

Saral Jeevan Bima (Cons)

  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

Saral Jeevan Bima (Other Benefits)

  • Suicide Cover
  • Spouse Cover
  • Policy Revival Within 5 Years

Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age - 18 years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP(5&10 Years)

Edelweiss Tokio Life Zindagi Plus Plan

A term insurance plan that covers COVID-19 death claims offers additional life cover to your spouse in your absence and discounts on high sum assured.

Unique Features

  • Return of Premium Option
  • Flexible Death Benefit Payment
  • Early Exit Benefit

Zindagi Plus Plan (Pros)

  • 4 Add-On Riders
  • Suicide Claim
  • Convertible Premium Paying Term

Zindagi Plus Plan (Cons)

  • No Loan Benefit
  • Reduced Paid-up Benefit
  • No Surrender Benefit For Life Cover

Zindagi Plus Plan (Other Benefits)

  • Better Half Benefit
  • Critical Illness Rider
  • Life-Hospital Cash Benefit Rider

Zindagi Plus Plan (Eligibility Criteria)

  • Entry Age - 18 years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 75 Years
  • Premium Payment Term - 5 to 25 Years

Edelweiss Tokio Zindagi Protect

The plan offers life cover up to 100 years with a ROP option. It comes with a discount on the first-year premium for early medical examination completion.

Unique Features

  • Child's Future Protect Benefit
  • Premium Break Benefit
  • Discount on 1st Year Premium

Zindagi Protect (Pros)

  • Increased SA at Key Life Stages
  • Non-forfeiture Benefits
  • Guaranteed Sum Assured on Maturity

Zindagi Protect (Cons)

  • No Survival Benefit
  • No Surrender Benefit
  • No Policy Loan Allowed

Zindagi Protect (Other Benefits)

  • Multiple Rider Options
  • Critical Illness Rider SA ≥ 50 Lakhs
  • Flexible Enhancements

Zindagi Protect (Eligibility Criteria)

  • Entry Age - 18 years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - Adaptable
  • Maximum Maturity Age - 80 Yrs
  • Premium Payment Term-RP/SP/LP

Edelweiss Tokio Total Protect Plus

Provides all-round financial protection to your family in your absence. It also provides coverage to your better half in the same plan at a little extra cost.

Unique Features

  • Return of Premium Option
  • Flexible Death Benefit Payment
  • Early Exit Benefit

Total Protect Plus (Pros)

  • Convertible Premium Paying Term
  • 4 Add-On Riders
  • Suicide Claim

Total Protect Plus (Cons)

  • No Loan Benefit
  • Reduced Paid-up Benefit
  • No Surrender Benefit For Life Cover

Total Protect Plus (Other Benefits)

  • Better Half Benefit
  • Critical Illness Rider
  • Life-Hospital Cash Benefit Rider

Total Protect Plus (Eligibility Criteria)

  • Entry Age - 18 years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 75 Years
  • Premium Payment Term - 5 to 25 Years

Life Insurance Articles

Life Insurance FAQs

Life Insurance FAQsSeptember, 2021

Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.