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Shield Your Zindagi at an Affordable Price

Protecting your future should always be a priority, and nothing should stand in its way.
Introducing Edelweiss Life - Raksha Kavach Bima Yojana, a micro insurance plan offering
life cover and flexibility to choose your policy term.

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Take a step ahead to secure your life

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Raksha Kavach Brouchure

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A Multiple of single/annualized premium as life cover at all time during policy tenure
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Product Brochure
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Sample Contract
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Customer Information Sheet
Customer Information Sheet
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Reasons Why Edelweiss Tokio Life Raksha Kavach Is The Right Shield For You

Reasons Why Edelweiss Life Raksha Kavach Bima Yojana Is The Right Shield For You

Secure Your Family with Life Cover

With this plan’s life cover element, you can secure your family’s financial future even in your absence. This plan also offers affordable rates with the minimum regular premium starting from just ₹35/year.

 

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Single Pay Option

A one-time payment for assured financial security! This plan allows for single premium payment, with the death benefit being equal to 125% of single premium or the sum assured chosen at outset (whichever is higher). 

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Flexibility to Choose Your Term

Edelweiss Life- Raksha Kavach Bima Yojana is a short-term plan that allows you to choose your policy term. You can also choose between single premium pay or regular annual premium payments. 

Benefits of Raksha Kavach Plan

Benefits of Edelweiss Life- Raksha Kavach Bima Yojana Plan

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Tax-Benefits (1)

Edelweiss Life- Raksha Kavach Bima Yojana is a life insurance plan that provides your loved ones with a death benefit payout in case of your untimely demise. This sum can help them maintain their current living standards and avoid financial hardships that may occur due to the loss of your income.

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Start small for a secure future! The minimum annual premium for this plan starts at ₹35, while the minimum single premium payment starts at just ₹41. This low entry cost allows you to focus on protecting your loved ones without worrying about financial stress.

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Your policy term can be as short as 1 year or as long as 5 years. You get to choose the policy term that best suits your needs. Moreover, you can select single premium pay if you just want to make a one-time payment towards this plan. 

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You can avail of tax benefits³ under Section 80C and Section 10 (10D) of Income Tax Act, 1961. Tax benefits are subject to changes in the tax laws.
 

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Get this plan in 3 easy steps! raksha kavach

Get this plan in 3 easy steps!

1

Start Planning

  • Conduct need analysis
  • Choose your sum assured
2

Pick Your Terms

  • Select your premium paying term
  • Select your premium paying frequency
3

Sit Back and Relax

  • Submit the requested documents
  • Let us verify your details so you can start your life cover

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Guaranteed¹ returns, enhanced cover option, tax benefits³, and more… all with premiums just Rs. 3,000/month^².

  • Choice to receive guaranteed¹ returns as lumpsum or in 5 equal annual instalments

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Ultimately, it’s All About Fulfilling Your Goals

The plan that systematically helps you grow your wealth and also protects you

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  • Get life cover up to 100 years of age

  • Choice to invest in 8 diverse funds

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What Makes Edelweiss Tokio Life Your Ideal Partner HomePage

What Makes Edelweiss Life Insurance Your Ideal Partner?

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99.23% Claim Settlement Ratio**

Our Promise of Integrity- 99.23% Claim Settlement Ratio** for FY 2024

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Recognized for Our Remarkable Customer Journey!

'Bolt' wins under 'Public & Private Collaboration' category at NASSCOM Foundation TechForGood Awards 2024^³

Here's Why Our Customers Adore Us

Here's Why Our Customers Adore Us

Look at what people had to say about our services
Our customers say
Good
4/5
based on 600 reviews

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ETLICustomer

Thank you Narmin, you really help me a lot, thank you so much, it’s really good to talk to u, keep going.

Suryabali Sitladin Vaishya

(Customer)
ETLICustomer

I thank your entire team for their sincere efforts in crediting the amount to my account. I have received the amount and thank you again from the bottom of my heart.

Bishnu Satapathy

(Customer)
ETLICustomer

Thank you so much Narmin, the information you provided me is really clear & good, Thank you

Christopher Paul Carroll

(Customer)
ETLICustomer

Thank you Athang, it’s really good to talk to you & you informed me all the details, Thank you so much for your effort.

Manish Kumar Tiwari

(Customer)
ETLICustomer

10 out 10. Interaction was too good. I got all the details and I’m convinced. I was not sure about this policy details and got very good feedback from your end. Thank you so much!

Mahalakshmi Srinivasan Iyer

(Customer)
ETLICustomer

It was excellent! The way you (Agent, Divya Patariyar) understood my query and then the way you clarified, I would really thank you for your patience and then hearing me out finding out the problem and then letting me know what’s would happen my policy details thanks it a was great spoke to you I will rate you 5 out 5 !!!

Durga Prasad Arsid

(Customer)
ETLICustomer

Mr. Sahil Shaikh provided excellent help. His behaviour was very good, and he treated me very well. Thank you.

Tejendra Kumar Rana

(Customer)
ETLICustomer

Thank you so much Krutika for helping me in this Query and it’s really helpful, Thank you for your valuable time.

Shweta Deepak Ghag

(Customer)
ETLICustomer

Dear Sir/Madam, This is regarding my thankfulness for the Revival of my policy. I'm so impressed of your customer care service team doing a great job as taking responsibilities and fulfilment of the customer needs in a short span of time. My personal wishes and thanks again of each one your team for an Excellent Job.

Babu Kannan  M

(Customer)
ETLICustomer

Thank you so much Deepali Ma’am, You helped me a lot and clearly explained everything about the policy. Once again, thank you so much, you are such a helpful person.

Shilpa Agarwal

(Customer)

()
ETLICustomer

I am very pleased to avail the services of Edelweiss Life. Very co-operative ,responsive & timely.I will surely recommend my friends and relatives to opt your services.

Gorachand Adhikari

(Sr. Engineer)
ETLICustomer

Thanks for providing the good news that the policy has been issued.Yes,the service was very good from Edelweiss Life Insurance to avail this insurance within the scheduled time.I hope the same kind of support will continue for this long term relationship with Edelweiss Life.

Kartik Nayak

(Sr Engineer)
ETLICustomer

Thank you for effectively closing the proposal.I would like to share my views regarding the service I received from Edelweiss Life and personally from Kaushik who has been my point of contact through out this transaction.Just to give you a background I work as Director with an IT MNC and I am someone who understands the insurance and Financial products very well.What was impressive with Edelweiss Life was the transparency in the whole process.I will be happy to suggest ET to my friends.

Deepak Kulkarni

(Director)
ETLICustomer

It was an absolute pleasure to interact with you for this policy issuance.Overall experience with Edelweiss Life was amazing & I'm extremely satisfied with the services.In fact the policy kit is one of the most innovative policy kits,especially the tag line "The key to your family's financial security".

Alok Shukla

(Sr. Manager)
ETLICustomer

As per my readings.. of edelweiss & tokio companies.. They are in very less aged. in Indian Insurance... but according to their commitment.. It will be better player in the market in the coming days.In term insurance, we have to candid in information to the company.. then everything is positive..I am the happy customer..

Ramesh Munagala

(Sr. System Engineer)
ETLICustomer

Thanks for issuing the policy.I am very much satisfied with the professionalism shown by entire team (sales/UW/support).Special token of appreciation to Rohan in getting things clarified and resolved so promptly.Wonderful and pleasant expereince

Nishant Kumar

(Asst. Manager)
ETLICustomer

I brought this plan because it is one of the very few policy which gives a coverage for 80 yrs. second I purchased it from policy bazaar.com, so have to mention that their coordination is also impressive. Third the communication from Edelweiss team was so good . they informed me every thing and let me informed at each and every stage.They personaly assigned me a person named Sneha from ET, she walked me through all the proceedings. I hope you people continue the service in India, like this

Arvind Kumar

(Consultant)
ETLICustomer

I am happy to get a term plan from Edelweiss Life and to be associated with such a reputed organisation. A good, calm and helpful representative assisted me throughout the process. Really appreciatable. Hope this will continue in the future.

Shiddarth Awasthy

(Jharsuguda)
ETLICustomer

Thank you for processing and issuing my policy. From the beginning till issuance of my policy, it is been nice and hassle free. Your follow up and subsequent guidance, help in generating a smooth transaction.

B. Nakkina

(Godavari)

Fire Away Queries raksha kavach

Fire Away Queries

Like teachers say, there are no silly questions

What is a micro insurance plan?

A micro insurance plan is a type of life insurance plan where premiums and sum assured are lower as compared to regular term insurance plans.

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Edelweiss Life- Raksha Kavach Bima Yojana is a highly affordable plan that helps you protect your loved ones with life cover. You can choose between regular pay or single premium pay, as per your convenience. If a low-cost life insurance plan is what you’re looking for, then consider looking into this plan.

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Yes, this plan covers death due to COVID-19.

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The minimum entry age is 18 years and the maximum entry age is 50 years.

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The minimum maturity age is 19 years and the maximum maturity age is 55 years.

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The minimum policy term is 1 year, and the maximum policy term is 5 years.

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You can pay your premiums as Single Pay (one-time) or Regular Pay. Regular pay premium is always paid annually. When you choose regular pay, you will need to pay the premium amount each year until the end of your policy term. 

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The minimum sum assured is ₹5000 and the maximum sum assured is ₹50,000.

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Since this is a pure term plan, there is no maturity benefit is payable under it.

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You have a freelook period of 30 days from the date of the receipt of the policy document for the policy issued after 1st April, 2024 and processing TAT for same is 7 days.

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In case of death due to suicide within 12 months from the risk commencement date or from the date of revival of the policy, your beneficiary shall be entitled to receive at least 80% of the Total Premiums Paid, provided the policy is in in-force.

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Grace period is 30 days. The policy will remain in force during the grace period. If a premium is not paid for 30 days from the date of payment, the policy will lapse and no benefits will be applicable.

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Dhan Labh any queries

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For queries, write to [email protected]

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3- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws. 

** Claim statistics are for Financial Year 2023-24 and is computed basis individual claims settled over total individual claims for the financial year. For details, refer to Public Disclosures in our Website. 

^3- Listed as one of the Most Trusted BFSI Brands 2023 by Marksmen Daily. The survey conducted by LeadCap Ventures for Marksmen Daily appraised the brands based on parameters like quality & consistency, uniqueness, value delivered, Brand affinity, innovation, affluence and more. Source: https://marksmendaily.com/2023/06/24/building-trust-in-a-changing-world-order/ 

Edelweiss Life – Raksha Kavach Bima Yojana (Micro Insurance Plan) is an Individual, Non-Linked, Non-Participating, Pure Risk, Life, Micro Insurance Product. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the tax laws. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding a sale.
Flower & Edelweiss are trademarks of Edelweiss Financial Services Limited used by Edelweiss Life Insurance Company Limited under license.  

Edelweiss Life Insurance Company Limited (formerly known as ‘Edelweiss Tokio Life Insurance Company Limited’).
IRDAI Regn. No.: 147 | CIN: U66010MH2009PLC197336 | UIN: 147N081V01 | ARN : WP/4208/Mar/2025 

Registered & Corporate Office: 6th Floor, Tower 3, Wing ‘B’, Kohinoor City, Kirol Road, Kurla (W), Mumbai 400070.

Toll Free No.: 1800 212 1212 | www.edelweisslife.in

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRAUDULENT OFFERS

IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

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