Edelweiss Tokio vs Ageas Federal
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Edelweiss Tokio Life vs Ageas Federal Life Insurance 2024

Edelweiss Tokio and Ageas Federal 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 Edelweiss Tokio is 98.09% whereas Ageas Federal has 97.03% 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.

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Edelweiss Tokio

Edit ageas-federal-life

Ageas Federal

Number of life insurance plans and add-ons
Entry Age (Min-Max) 18 to 65 years 18 to 65 years
Policy Term 10-62 years 5-40 years
maturity Age (Min-Max) 28-70 years 10-75 years
Claim settlement ratio (CSR) 98.09% 97.03%
Asset under managment (AUM) 78642 Crores 12011 Crores
Solvency ratio 2 3.1
Policy Type
  • Term insurance
  • Whole life policy
  • Endowment policy
  • ULIP
  • Money back policy
  • Retirement plans
  • Savings plans
  • Child plans
  • Group Insurance plan
  • Term insurance
  • Endowment policy
  • ULIP
  • Money back policy
  • Retirement plans
  • Savings plans
  • Child plans
  • Group Insurance plan
Coverage Amount
  • Minimum- 15 Lakh
  • Maximum- No Limit
  • Minimum- 2 Lakh
  • Maximum- 50 Lakh
Optional Additional Riders
  • Critical illness rider
  • Waiver of premium rider
  • Accidental death benefit rider
  • Accidental disability benefit rider
  • Income benefit rider
  • Critical illness rider
  • Waiver of premium rider
  • Accidental death benefit rider
  • Accidental disability benefit rider
  • Income benefit rider
Number of term plans 5 4
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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Ageas Federal Term Insurance Plans

IDBI Federal Life Income Protect Plan

The plan comes with a lump sum benefit on the demise of the policyholder and increasing monthly income benefit.

Unique Features

  • Monthly Income Benefit
  • 2 Types of Death Benefit
  • Choose Premium Payment Term

Income Protect Plan (Pros)

  • Secured Income For 10 Years
  • Life Cover For 20 Years
  • No Limit on Max Monthly Income

Income Protect Plan (Cons)

  • Fixed Policy Payment Option
  • No Survival Benefit
  • No HIV/AIDS Cover

Income Protect Plan (Other Benefits)

  • 15 Days Free Look Period
  • Suicide Cover After 1 Yr
  • Total and Permanent Disablement Benefit

Income Protect Plan (Eligibility Criteria)

  • Entry Age -25 Years
  • Max Entry Age- 60 Years
  • Min Sum Assured - 15 K per month
  • Max Maturity Age - 70 Yrs
  • Premium Payment Term - Fixed 10 Years

IDBI Federal Life My Life Protection Plan

An affordable pure protection plan that has 3 plan options to provide comprehensive coverage and offers discounts to female and marathon runners.

Unique Features

  • 3 life cover options
  • Accidental Death Benefit
  • Discounts for marathon runners

My Life Protection Plan (Pros)

  • 105% Death Benefit
  • Discount For Non-Tobacco Users
  • Coverage Booster Option Upto 150%

My Life Protection Plan (Cons)

  • No Maturity Benefit
  • No Loans Allowed
  • No Surrender Benefit For RP

My Life Protection Plan (Other Benefits)

  • Suicide Cover
  • Plan Available Online
  • Discounts for Females & Marathon Runners

My Life Protection Plan (Eligibility Criteria)

  • Entry Age -21 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - 50 L
  • Maximum Maturity Age - 85 Yrs
  • Premium Payment Term - RP/SP/LP(7&10 Years)

IDBI Federal Life Protection Plan

An economical term insurance plan with a maturity benefit, high sum assured, and flexible premium payment options.

Unique Features

  • Multiple cover options
  • Flexible policy term
  • ROP on Maturity Option

Life Protection Plan (Pros)

  • Highly Customizable Plan
  • Suicide Cover After 12 Months
  • Flexibility in Premium Payment Options

Life Protection Plan (Cons)

  • No Loans Allowed
  • No Accidental Death Benefit
  • No Policy Loan Allowed

Life Protection Plan (Other Benefits)

  • Premium Discount For Females
  • High Sum Assured Discount
  • Surrender Benefit

Life Protection Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - 5L
  • Maximum Maturity Age - 70 Yrs
  • Premium Payment Term -SP & RP

IDBI Federal Life Saral Jeevan Bima

An ideal comprehensive life insurance protection plan with life cover to provide financial security to your family, flexible premium payment, and tax benefits.

Unique Features

  • Avail death benefit
  • Flexible premium payment
  • Discounts for females

Saral Jeevan Bima (Pros)

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

Saral Jeevan Bima (Cons)

  • No Maturity Benefit
  • No Survival 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 Yrs)

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.