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  • Edelweiss Tokio Term Plan

    Edelweiss Tokio Term Plan

    Edelweiss Tokio offers a range of term insurance plans to help the policyholder secure his family’s financial future in his absence. Each policy under the Edelweiss Tokio Term plan has extensive features and benefits.

    Types of Edelweiss Tokio Term Plan:

    The different types of Edelweiss Tokio term plans are listed below:

    1. Edelweiss Tokio Life - Income Replacement
    2. Edelweiss Tokio Life - Protection
    3. Edelweiss Tokio Life - MyLife+
    4. Edelweiss Tokio Life - Raksha Kavach

    Edelweiss Tokio Life - Income Replacement

    Income Replacement is Edelweiss Tokio’s term insurance plan where the death benefit is paid at an increasing rate every month post death.

    Parameters

    Minimum

    Maximum

    Entry Age

    18 years

    60 years

    Policy Term

    10 years

    30 years

    Benefit Expiry Age

    28 years

    80 years

    Monthly Benefit

    Rs.15,000

    No limit

    Premium Amount

    Depends on the age, coverage, tenure and the premium paying term.

    Sum Assured

    Monthly benefit amount*12*Term

    Premium Payment

    Option

    Equal to policy term or 5, 10 or 15 Pay or Single Pay

    Premium Payment

    Modes

    Yearly

    Edelweiss Tokio Life - Protection

    Edelweiss Tokio Life - Protection is a simple term offering that offers a lump sum to the life insured’s family in the case of his unfortunate death. With this plan, the family can maintain the lifestyle, provided by the policyholder when he was alive, while at the same time securing them from immediate expenses at the time of his death.

    Parameters

    Minimum

    Maximum

    Entry Age

    18 years

    60 years

    Policy Term

    10 years

    40 years

    Benefit Expiry Age

    28 years

    80 years

    Premium Amount

    Depends on the age, coverage, tenure and the premium paying term

    Sum Assured

    Rs.15 lakhs

    No limit

    Premium Payment

    Option

    Equal to policy term or 5, 10 or 15 Pay or Single Pay

    Premium Payment

    Modes

    Yearly

    Edelweiss Tokio Life - MyLife+

    MyLife+, offered by Edelweiss Tokio Life is a non-participating, non-linked Term Insurance Product that provides the policyholder the flexibility to choose the death benefit as lump sum or monthly payout or a combination of both. It also provides the flexibility to choose a cover for up to 80 years of age.

    Parameters

    Minimum

    Maximum

    Entry Age

    18 years

    60 years

    Policy Term

    10 years

    40 years

    Benefit Expiry Age

    -

    80 years

    Premium Amount

    Rs.2500

    No limit

    Sum Assured

    Rs.25 lakhs

    No limit

    Premium Payment

    Option

    Equal to policy term

    Premium Payment

    Modes

    Yearly

    Edelweiss Tokio Life - Raksha Kavach (Micro Insurance Plan)

    A micro term insurance plan, Raksha Kavach is designed for the people living in rural areas to provide them with life covers at minimal rates of premiums.

    Parameters

    Minimum

    Maximum

    Entry Age

    18 years

    50 years

    Policy Term

    5 years

    Benefit Expiry Age

    23 years

    55 years

    Premium Amount

    Depends on the age, coverage and tenure

    Sum Assured

    Rs.5,000

    Rs.50,000

    Premium Payment

    Option

    Equal to policy term or Single Pay

    Premium Payment

    Modes

    Yearly

    Key Features of Edelweiss Tokio Term Insurance Plan:

    • Attractive premium rates
    • Comprehensive protection plans
    • Flexible payout as lump sum, monthly, or a combination of both
    • Hassle-free claims
    • Easy online buying option
    • Quick documentation
    • Tax benefits under Sec 80C and 10 (10D) of the Income Tax Act 1961

    Example of Edelweiss Tokio Term Plan

    Mr. Ram, a non-smoker, aged 35 buys Edelweiss Tokio Term Plan for a sum Assured of Rs.50,00,000 for a policy term of 15 Years, on an annual mode. In the middle of the term, he meets with an accident and dies. On his accidental death, his beneficiary will receive the entire sum assured.

    Edelweiss Tokio Term Plan FAQs:

    1. Q. Will my policy lapse if I miss to pay a premium or if there is a delay in payment?

      1. No, the policy will not immediately lapse if you fail/forget to pay a premium. A grace period will be extended to the policyholder in order to make a premium payment.

    1. Q. Do all plans have an upper limit for the sum assured?

      1. There is no upper limit for sum assured for Edelweiss Tokio term plans, except for Raksha Kavach, where the maximum sum assured is Rs 50,000.

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