Pay Edelweiss Tokio Life Insurance premium online
Edelweiss Tokio Life Insurance is a joint venture between Edelweiss Financial Services, a financial services conglomerate, and Tokio Marine Holdings, a Japanese insurance company. It is a leading life insurance company that provides a range of insurance products to meet the diverse needs of individuals.
Their offerings include a range of life insurance products, including term insurance, child plans, savings plans, retirement plans, and unit-linked insurance plans (ULIPs).
Bajaj Finserv provides a holistic Bajaj Pay platform to the customers of Edelweiss Tokio Life Insurance to pay their insurance premium payment or renew their Edelweiss Life Insurance premium payment seamlessly.
Steps to pay Edelweiss Tokio Life Insurance on the Bajaj Finserv website
Here is how you can pay for your Edelweiss Tokio Life Insurance premium on the Bajaj Finserv website:
- Visit the Bajaj Finserv website
- Go to the ‘BILLS AND RECHARGES’ under the ‘PAYMENTS’ section
- Under ‘FINANCIAL SERVICES AND TAXES,’ select ‘LIC/INSURANCE’
- Choose your biller from the drop-down
- Enter your loan number and click on ‘FETCH YOUR BILL’
- Select a payment method from the list of available payment options such as credit cards, debit cards, and net banking
- After choosing your preferred payment mode, enter the requested payment details
- Check the details you entered and click on 'PAY NOW’
- You will receive a notification from Bajaj Finserv after successful payment.
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Benefits of paying Edelweiss Tokio Life Insurance on Bajaj Finserv
- Quick and hassle-free
You can easily and quickly pay the Edelweiss Tokio Life Insurance premium using the BBPS platform on Bajaj Finserv. - Safe and secure
Bajaj Finserv provides a safe and secure payment platform on BBPS. Your payment details are secure with the platform’s robust security measures. - Multiple payment options
The Bajaj Finserv BBPS platform offers multiple payment options, including debit cards, credit cards, net banking, e-wallet, and UPI. This allows you to choose the payment method that suits you best. - Instant confirmation
After making the payment, the platform immediately confirms the payment through an email and SMS.
Fees and charges
A convenience fee of up to 2% will be charged depending on the transaction amount and payment mode (inclusive of applicable taxes). For more information on fees and charges, click here.
Note: For failed transactions, the total amount including charges except taxes are reversed.
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Frequently asked questions
Use the "Compare Plans" function on Edelweiss Tokio's official website to compare various life insurance plans. For specific recommendations, you can also speak with an advisor at Edelweiss Tokio. To assist you in selecting the plan that best meets your needs, the tool lets you compare important aspects like coverage, rates, perks, and riders.
The claim form, the policy paperwork, the death certificate (for life insurance claims), medical records, the nominee's proof of identity and address, and any additional relevant paperwork as defined by the insurer are required in order to register a claim with Edelweiss Tokio. Depending on the kind of claim, the precise requirements could change, therefore it is best to consult with Edelweiss Tokio for more information.
Through the procedure of policy portability, you can be able to transfer an existing life insurance policy to Edelweiss Tokio. To find out more about Edelweiss Tokio's porting options, get in touch with them. They will walk you through the procedure, which can entail providing your medical records, current policy details, and other required paperwork for review.
Edelweiss Tokio provides a number of ways for customers to pay for their life insurance premiums, including online credit/debit card, net banking, and UPI payments. Moreover, automatic payments can be set up using NACH (National Automated Clearing House) or ECS (Electronic Clearing Service). In addition, payments can be paid in their branches, through approved collection centres, or by check or demand draft.
Use your policy number and password to access the customer portal on the Edelweiss Tokio website or mobile app to view the status of your life insurance policy. For assistance, you can also get in touch with their customer service by phone, email, or in person at a branch. Access to policy details, the status of premium payments, and other relevant data is available through the portal.
Yes, you can pay your Edelweiss Tokio Life Insurance premium for multiple years in advance. This option allows policyholders to manage their premium payments more conveniently and ensures continuous coverage without the need for frequent payments. By paying in advance, you can also avoid potential premium increases and enjoy peace of mind knowing your policy is up to date.
Edelweiss Tokio Life Insurance offers a variety of life insurance policies to cater to different needs. These typically include:
- Term insurance plans: Pure protection plans that provide financial security to your family in case of your untimely demise.
- Savings plans: These plans combine life insurance with savings, helping you build a corpus for future financial goals.
- Investment plans: These plans offer the dual benefit of insurance and investment, allowing you to grow your wealth while being insured.
- Retirement plans: Designed to provide a steady income post-retirement, ensuring financial independence in your golden years.
- Health insurance plans: These plans cover medical expenses and provide financial support in case of critical illnesses.
If you miss your Edelweiss Tokio Life Insurance premium payment due date, the following steps typically occur:
- Grace period: Most policies offer a grace period (usually 15-30 days) after the due date during which you can make the payment without any penalty.
- Policy lapse: If the premium is not paid within the grace period, the policy may lapse, meaning the coverage will cease, and you will not be eligible for any benefits.
- Reinstatement: You may have the option to reinstate the lapsed policy by paying the overdue premium along with any applicable interest and providing proof of insurability, if required.
It is always best to check the specific terms and conditions of your policy or contact Edelweiss Tokio Life Insurance directly for detailed information.
