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Edelweiss Group is a financial services company based in Mumbai. It is not backed up by any major conglomerate. The parent company of the group is Edelweiss Financial Services Limited, co-founde
Phone 1-800-2121-212
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Edelweiss Group is a financial services company based in Mumbai. It is not backed up by any major conglomerate. The parent company of the group is Edelweiss Financial Services Limited, co-founded by Rashesh Shah, Chief Executive Officer (CEO) and Chairman. Edelweiss Financial Services Limited has a network of sub-brokers and authorised people across India. Edelweiss Tokio Life is a private sector insurance provider established in 2011. The company is a joint venture between Edelweiss Group of India, and Tokio Marine Holdings of Japan. It is among the fastest growing private players in the life insurance sector in India . Edelweiss Tokio Life provides a host of life insurance products aimed at providing high returns, guaranteed interest payments, child education needs, retirement benefits etc. for customers across a wide spectrum. Initially, the company worked on private equity syndication, mergers, acquisitions (M&A) and focused on advisory services. In 2000, the company had capital mark of Rupees 50 million. It acquired Rooshnil Securities in 2017. Edelweiss was founded in 1995 by Rashesh Shah and Venkat Ramaswamy.

Edelweiss Tokio Life Insurance Co. Ltd Support Number

The information below shows the trend in Edelweiss Tokio Life Insurance Claims Settlement Ratio for the last 6 years. This is based solely on the information published by the Insurance Regulatory & Development Authority of India (IRDAI) and is measured on consistently used bases. You may use this information as a key parameter in your term insurance purchase decision. The information below shows how Edelweiss Tokio Life Claims Settlement Ratio for Edelweiss Tokio Life is arrived at. It starts with the opening balance (which is pending claims of the previous year), to which is added the new death claims made this year. This gives the Total Claims that have to be processed in the year.

Claims approved and claims rejected are shown below. Claims for which decision is pending or not made are shown as Claims Pending. These pending claims become the opening balance for the next year. Also show are the value (in Rs. crores) of all the claims that are approved, as well as the average value of each claim. Please note that here claims include death claims from all kinds of life insurance policies and not just term insurance.

Edelweiss Tokio Life Insurance Co. Ltd helpline number

Since saving plans with low Sum Assured (which are a large share of business for all companies) are also included, the average death claim value may appear much lower than the Sum Assured you have in mind for the Term Insurance plan that you intend to buy. Especially when buying term insurance, we do not want our nominees to keep waiting for the claim amount. So claims efficiency is a key consideration before deciding on our term policy, especially the metric around average no. of days taken to settle a claim. This number shows the importance given by the company for processing claims. Lower the no. of days taken, higher is the efficiency and better is the confidence level when buying a policy from the company. A lower average claims processing time also tells us that the life insurance company is not solely focussed on getting sales but also ensures genuine service during the ‘moment of truth’, i.e. when there is a death claim. 

 

 

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