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Edelweiss General Insurance Company Limited (Plans, Benefits & more)

Edelweiss General Insurance is part of the Edelweiss Financial Group. The company is one of the leading players of general insurance in India and has been awarded a host of awards like the ‘Insuretech Company of the year 2020’, ‘Indian Express BFSI Digital Innovation Award 2019’, ‘Best Innovation Award 2021 by Finnoviti’, and more.

In this article, we will talk about the most important topics concerning Edelweiss General Insurance, such as:

  • Company overview
  • Products and services
  • Contact details

Company overview

Edelweiss General Insurance company Limited was founded in March 2016. It provides insurance services relating to health, motor, fire, marine, home insurance, and more. It is headquartered in Mumbai. The company has a claim settlement ratio of 85.54% and has sold over 10 thousand policies.

Products & Services offered

Edelweiss Motor Insurance

Third-Party motor insurance

This is a mandatory car insurance policy that provides financial coverage against any liabilities suffered in case of any loss/damage caused to the third party persons or their property.

What is covered?

  • Personal accident cover for persons traveling in the car available up to Rs 2,00,000.
  • Demise or bodily injury to any person meeting the requirements of the Motor Vehicles Act.
  • Covers liabilities towards your driver.
  • Property damage maximum up to Rs 7,50,000, other than the property of the insured or held in control of the insured.

Comprehensive motor insurance

The insurance company shall indemnify the policyholder against loss or damage to the insured vehicle, its accessories, personal liabilities, and owner damage. Protection also includes damage caused by fire, burglary, accidental means, riots/strikes, earthquakes, etc.

What is covered?

  • Demise or bodily injury to any person meeting the requirements under the Motor Vehicles Act.
  • Personal accident cover for persons traveling in the car available up to Rs. 2,00,000.
  • Covers liabilities towards your driver.

Liability to the third-party covered

  • Covers death or bodily injury of any third-party persons.
  • Covers legal liabilities toward third-party
  • Property damage covered up to a maximum of Rs 7,50,000 other than the property of the insured.
  • Personal accident cover for persons traveling in the car available up to Rs 2,00,000.

Edelweiss General Insurance Company Limited Health Policies

Edelweiss offers the three comprehensive health insurance plans, they come in 3 variants:

Silver Plan– The sum assured for the silver plan is up to Rs 5 Lakhs.

Gold Plan– The sum assured for the Gold plan is up to Rs 20 Lakhs.

Platinum Plan– The sum assured for the Platinum plan is up to Rs 1 Crore.

What is covered?

 

Silver Plan

Gold Plan

Platinum Plan

Day care Treatment(up to sum insured)

Covered

Covered

Covered

Hospitalization charges

Covered

Covered

Covered

Ambulance charges

Covers up to Rs 1500

Covers up to Rs 3000

Covers upto Rs 10,000

Room rent

Rs 3 lakh and above

No capping

No capping

Organ donor cost

Not covered

Up to Rs 1,00,000

Up to Rs. 2,00,000

Ayush Treatment

Covered

Covered

Covered

Maternity benefit

N/A

Rs 50,000( 4Yrs waiting period)

Up to Rs 2,00,000(4 years waiting period)

Free health checkup(Every claim free year)

Available

Available

Available

Critical illness cover(Begins from the 1st time you are diagnosed with critical illness)

Not covered

Sum assured amount increases by 50%

Sum assured amount increases by 100%

 

 

 

 

Plan features

 

Silver Plan

Gold Plan

Platinum Plan

Sum assured

1lakh-5 lakhs

5lakhs – 20 lakhs

1lakhs-1 crore

Minimum Entry

3months

 

 

Maximum Entry

65 years

65years

Any age

Policy Renewal

          Life time renewability option available

Premium payment

                  Single

Policy tenure

 1year/2year/ 3year

No claim Bonus

Sum assured increases 10% of every claim free year maximum up to 50%

Sum assured increases 50% every claim free year maximum up to 100%

Sum assured increases 50% every claim free year maximum up to 100%

 

Edelweiss Home Insurance Plans

Edelweiss General Insurance company provides financial protection to the policyholder in case of any damage caused to the insured property incurred due to:

  • Fire damage
  • Lightening
  • Explosion/implosion
  • Aircraft damage
  • Riots, strike
  • Any kind of visible destruction
  • Overflowing bursting or leakage of water pipes, apparatus
  • Collapsing landslide
  • Cyclone,tempest,storm,hurricane,flood,tornado.
  • Missle testing operations
  • Additional optional covers are also available for loss of rent, earthquake, the expense for debris removal, etc.

Eligibility

This policy can be purchased by homeowners, individuals living in flats, or independent houses
A multi-year policy can be purchased by homeowners only wherein the coverage for the building will be for 3-30 years.

Edelweiss Loan Protection Cover

Edelweiss’s loan care policy offers protection against liabilities /loans in case of any unfortunate or unpreventable event such as an unforeseen medical emergency, sudden death, death due to accident, permanent total or partial disability. This policy will take care of loan repayment for 3 months in case of job loss of the policyholder. This policy also comes with child education benefits, it covers the educational costs of the insured’s children.

Lets us discuss various types of loan protection cover available for specified causes

Personal accident– This cover takes care of the policyholder’s loan in case of accidental death, permanent total/partial disabilities.

Critical illness– There are 5 major variants available that cater to the policyholder’s loan in case he/she is diagnosed with a critical illness.

Standard Plan– Covers 9 critical illnesses
Enhance Plan – Covers 12 critical illnesses
Premium Plan – Covers 15 critical illnesses
Elite Plan– Covers 18 critical illnesses
Ultima Plan– Covers 25 critical illnesses

Job loss Plan

This policy takes care of the policyholder’s loan repayment for 3 months in case of a job loss, resignation, or absence of a job in search of a better one.

Children’s education

In this policy, the insurance company will be liable to pay for the education expenses of the insured’s children in case of accidental death of the insured parent. The insurer will have to pay educational fees to the institute or the sum assured whichever is less. It also includes child education benefits for two children up to Rs 2.5 Lakhs per child.

Contact information

  • Official website– www.edelweissinsurance.com
  • Email ID -support@edelweissinsurance.com
  • Contact No – Toll-free 1800 12000
  • Paid landline- 02242312000
  • Social media– facebook.com/EdelweissGeneralInsurance, twitter.com/EdelweissGI
  • Registered address– 5th Floor Tower 3 Wing B Kohinoor City Mall Kohinoor City, Kirol Rd, Premier Residencies, Kurla, Mumbai, Maharashtra 400070.

 

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