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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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Har Sapna Karo Poora with Guaranteed¹ Savings!

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

  • Enhanced Cover option to secure your family with 20x the premium^⁴ paid

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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 Meenakshi, I really appreciate your efforts to make me understand. Thank you so much.

Shrawan Ram

(Customer)
ETLICustomer

Thank you. I appreciate the way you explained the policy details to me. It was really good talking with you Narmin.

 Satya Prakash Singh

(Customer)
ETLICustomer

Thank you. It's great that you provided me with all the information. Have a nice day sahil and thank you so much.

Atul Shashikant Sakharkar

(Customer)
ETLICustomer

Thank you. The query I had was very well resolved by you. Thank you so much.

Mohit Munshi

(Customer)
ETLICustomer

Thank you, the information you gave me is complete & clear, Thank you so much.

Mayur Tiwari

(Customer)
ETLICustomer

You have given me proper information, I’m very happy the way you’re giving the information & I totally understand, Thank you so much Narmin.

Maddirala Siva Sankararao

(Customer)
ETLICustomer

You explained the details to me very well, and the information you provided was very clear, Thank you so much.

Deepshikha

(Customer)
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)

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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We are always there for you !

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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