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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Edelweiss General Insurance Company Ltd. offers four different insurance products: Motor, Health, Home and Loan Protection insurance. It stands to be one of the famous companies that provide insurance products in India today. This reputable company was incorporated in March 2016 and since then has been offering insurance solutions in all four of these segments.
Edelweiss has, as a brand, existed for longer than that. Edelweiss General Insurance Company stems from Edelweiss Financial Services, which mainly deals with finance and asset management.
Edelweiss General Insurance Co. Ltd. aims to bridge the gap between customer requirements and the service provided by the insurance company by providing the best products, world-class customer services and an effortless building of a long-term relationship which is beneficial to both parties at the same time. Its main goal is to understand the pulse of the customer. The supply and service of the insurance company are to meet the real-time basis needs of all its customers and to deliver what they consider to be the best measures to provide utmost customer satisfaction and deliver products that are most useful and trending in the field of insurance these days.
The main two categories under which the insurer offers insurance solutions are health and motor. The insurer makes its products easily available online to maintain the comfort of its customers. Both these plans offer comprehensive coverage through their various plan options. Let’s have a glance here:
The Health Insurance policy offered by Edelweiss General Insurance comes in three different variants.
The minimum entry age for all three plans is 3 months. The maximum age for the silver and gold plans in 65 years of age, while there is no age cap for the platinum plan. In cases of renewal, there is no age limit for all three plans. The health insurance can be renewed at any point during the lifetime of the policyholder.
The policy terms for all three plans are 1,2 or 3 years, as suitable to the policyholder. The premium payment options for all three plans are single. This means the premium has to be paid at one go.
There are family floater options for all three plans. These would be:
The family floater combinations are very convenient and fit in easily with all kinds of family structures.
A maximum of 8 individuals can be covered under 1 policy. If the number of people an individual wants to insure exceeds the number of 8, then a new plan will have to be bought. The said individuals that can be covered will have to be the close relatives or in-laws of the individual. The relationships covered are:
Motor insurance from Edelweiss is offered for two-wheelers and four-wheelers. In the event of a car or two-wheeler accident, the insurance company shall indemnify the insurance holder from all amounts that he/she is liable to pay in the form of:
The company shall pay compensation up to an amount of Rs 2,00,000 in the following circumstances:
The insurance company indemnifies the policyholder under the following circumstances:
Besides the limitations listed down in the schedule, the policyholder is indemnified by Edelweiss General Insurance for any accidents caused by a vehicle owned by him/her where he/she would be legally liable to pay compensation, in the following circumstances:
The insurance company shall pay an amount that does not exceed Rs 2,00,000 to the owner/driver of any vehicle that is in direct contact with the insured vehicle. This contact may be in the form of a Collison of two vehicles, or even in cases where the injured party was driving, mounting or dismounting from the vehicle. Travelling in the insured vehicle during the time of an accident that causes the co-driver or passenger an injury shall also qualify. Any injury that is violent and externally visible, and that only takes place due to direct contact involving the insured vehicle and not due to other reasons, shall be considered. These injuries may escalate into serious disabilities, and if it does so within a period of 6 months, the insurance company will pay compensation according to the following guidelines:
In order to avail the policy benefits regularly, the policy has to be renewed on time. Edelweiss General Insurance can be renewed online easily with paisawiki.com:
Edelweiss General Insurance plans can be renewed online, through the official website of the paisawiki.com. To renew the policy just visit the website, go to the ‘Renew’ option on the home page, provide necessary information about the plan and pay the premiums online. The renewed policy will be mailed to the registered email Id.
Certain things to remember before renewing the health policy:
Documents for Renewal for Health Insurance
Edelweiss General Insurance plans can be renewed online, by cheque or a demand draft. This would usually include the payment of the perfume within the grace period, along with the top standing premiums and penalties.
Edelweiss general insurance can be claimed as cashless or reimbursement claim for both health and motor insurance.
The common claim steps are as mentioned below:
The following documents are required to claim Edelweiss health insurance policy:
To claim Edelweiss motor insurance, one has to follow the below steps:
Edelweiss General Insurance can be bought online or offline easily. However, online buying process is recommended. One can buy the policy from Paisawiki.com as well.
For example, in the event of purchasing a car insurance policy, the individual will have to input details of the type, make and model of the car, the type of fuel used and details about himself/herself as well, and then click on the ‘submit’ button. This will enable another page to open up, which will list the number of plans available, including the ones that suit the best.
Upon selection of the policy best suited to his/her preferences and needs, the policyholder will then proceed to make an Edelweiss General Insurance online payment. This takes care of the premium payment.
In cases of acquiring health insurance, the potential policyholder will have to list down details about his family and himself and also disclose the sum of money required. The policyholder will then click on ‘Quick Buy’ and proceed to make the premium payments.
This can be done by visiting the nearest valid Edelweiss General Insurance office. It is important to carry all the required documents for verification. Post payment and procurement of documents, the applicant successfully avails the policy.
Premium is calculated for Edelweiss Health Insurance on the following grounds:
Premium is calculated for Edelweiss Motor Insurance on the following grounds:
The insurer has been recognised with the following awards:
Ans:
Ans: Yes, they can be downloaded from the official website of Edelweiss General Insurance. A button is available at the top of the screen that says ‘claim forms’ on it. If the policyholder scrolls down to the bottom of the page, there is an option to download it.
Ans: The simple claim process requires you to:
Ans: Normally the claim procedure starts as soon as the relevant claim form, and the insurer receives the documents. The company is efficient and quick in settling the claims generally it takes - 7 days which is the maximum time taken to settle the claim. This time starts from the date when all relevant documents and forms (as required by the insurer) are submitted to the company by the insured.
Ans: The concerned individual has to simply show his/her health card at any of the hospitals.
Ans: Edelweiss General Insurance has offices in Mumbai, Delhi, Kolkata, Bangalore, Ahmedabad, Chennai, Goa, and Hyderabad.
Ans: Edelweiss has a facility within its health insurance plan to cover for critical illnesses from the day the policyholder is diagnosed with the disease. Variants of only Gold and Platinum Health Plans and individuals who have opted for it can take this critical illness cover.
The basic sum insured under the Gold Variant of edelweiss Health Insurance Policy can increase up to a limit of 50% of the basic sum insured and in case of Platinum variant, the sum insured can be enhanced up to a limit of 100% of the basic sum insured.
Under the Gold variant, anyone who is between the age of 3 months – 65 years can opt for the Critical Illness Coverage and under the Platinum Variant, the eligibility, although starts at 3 months but then there is no maximum age limit in this case.
Ans: The important critical illnesses covered under this are:
Ans: Yes, Edelweiss Health Insurance covers all three – prehospitalization, post-hospitalization and ambulance charges within all its three variants – Silver, Gold and Platinum as per the table given below applicable for each policy year:
|
Parameters |
Silver |
Gold |
Diamond |
|
Ambulance Cover |
Rs 1500 |
Rs 3000 |
Rs 10000 |
|
Pre-Hospitalization
|
30 days |
60 days |
90 days |
|
Post Hospitalization
|
60 days |
90 days |
180 ys |
Ans: Under an Individual plan offered by Edelweiss General Insurance Policy, a maximum of 8 members can be included. The relationship could comprise the following:
A savings of 5% is applicable if two or more persons are enrolled within a single individual plan under the Edelweiss General Insurance Individual Plan.
