IndiaFirst Life vs Edelweiss Tokio
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IndiaFirst Life vs Edelweiss Tokio Life Insurance 2024

IndiaFirst 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 IndiaFirst Life is 96.92% 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 IndiaFirst Life

IndiaFirst Life

Edit edelweiss-tokio-life

Edelweiss Tokio

Number of life insurance plans and add-ons
Entry Age (Min-Max) 18-60 years 18-60 years
Policy Term 5 - 40 years 10-62 years
maturity Age (Min-Max) 70 years 28-70 years
Claim settlement ratio (CSR) 96.92% 98.09%
Asset under managment (AUM) 21683 Crores 78642 Crores
Solvency ratio 1.7 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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IndiaFirst Life Term Plans

A pure term plan insurance that offers flexible premium payment options, and innovative coverage features and return of premium option.

Unique Features

  • Return of Premiums of maturity
  • Coverage till 100 years
  • Spouse coverage under same plan

Life Guaranteed Protection Plan (Pros)

  • 1 Crore Cover
  • 3 Plan Options
  • WoP Premium for 40 Critical Illnesses

Life Guaranteed Protection Plan (Cons)

  • 1 Year WP For Suicide
  • No Rider Benefit
  • No Pre-Existing Conditions

Life Guaranteed Protection Plan (Other Benefits)

  • Whole Life Cover (Till Age 99)
  • WOP Option For Disability
  • Adjust SA With Life Stage

Life Guaranteed Protection Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 50L
  • Maximum Maturity Age - 99 yrs
  • Premium Payment Term - 5 To 35 Years

IndiaFirst Life Plan

A pure-term insurance plan offering comprehensive coverage at affordable rates, with options for premium payment throughout the policy term.

Unique Features

  • Life cover up to 40 years
  • Affordable premiums
  • Avail Tax Benefits

IndiaFirst Life Plan (Pros)

  • High Sum Assured Plan
  • Flexible Premium Payment
  • Inter Consultation Services

IndiaFirst Life Plan (Cons)

  • No HIV Cover
  • No Maturity Benefit
  • No Rider Benefit

IndiaFirst Life Plan (Other Benefits)

  • Multiple Premium Frequencies
  • Long Policy Term up to 40 Yrs
  • High Coverage from Rs.1 lakh to 50 cr

IndiaFirst Life Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - 1L
  • Maximum Maturity Age - 70 yrs
  • Premium Payment Term - 5 To 40 Yrs

IndiaFirst e–Term Plan

Online plan with 4 plan options offering coverage for the 1st & 2nd child's birth or adoption and home loan.

Unique Features

  • Critical Illness Protector Benefit
  • Disability Shield Benefit
  • Income Plus Benefit

e–Term Plan (Pros)

  • Accident Shield Benefit
  • Income Replacement Benefit
  • Disability Shield Benefit

e–Term Plan (Cons)

  • No HIV Cover
  • No Policy Loans
  • No Pre-existing Conditions

e–Term Plan (Other Benefits)

  • Marriage Cover
  • Accidental Death
  • Accidental Total and Permanent Disability

e–Term Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 55 Years
  • Minimum Sum Assured - 5L
  • Maximum Maturity Age - 80 yrs
  • Premium Payment Term - SP

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.