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  • Edelweiss Tokio Life Microinsurance Plans

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    Edelweiss Tokio Life Insurance is a prominent insurance company that has various categories of life insurance for specific purposes. The main categories include secure future plans, planned future plans, healthy future plans, micro insurance plans, and group insurance solutions.

    Under the micro insurance category, the company offers 2 plans. One is a micro term assurance plan and the other one is a micro insurance plan.

    Benefits of Edelweiss Tokio Life Micro Insurance Plans

    Let us take a look at the advantages of taking Edelweiss Tokio Life Micro Insurance Plans:

    • You will receive great insurance plans for short and long tenures.
    • These plans give outstanding benefits for death and maturity.
    • These plans offer death benefits as well as non-forfeiture benefits.

    List of Micro Insurance Plans offered by Edelweiss Tokio Life Insurance

    Let us take a look at the micro insurance plans offered by Edelweiss Tokio Life Insurance:

    1. Edelweiss Tokio Life Raksha Kavach:

    This is a non-participating insurance plan that is also non-linked in nature. You can take this micro term assurance plan to get protection for your life. You can choose from regular pay and single pay options. You can also select lower ticket sizes according to your convenience.

    Benefits and features

    These are the benefits and features of the plan:

    • The sum assured for this plan is great. You will get a minimum sum assured of Rs.5,000 and a maximum sum assured of Rs.50,000.
    • You can choose from a premium payment frequency of single and annual payment frequencies.
    • If you choose the single pay option and if you surrender your policy, you will receive a surrender value. The surrender value is a certain percentage of the premium that you pay. This surrender value will depend on the number of policy years.
    • You will receive tax benefits and tax exemptions according to the Income Tax, Act 1961 under r Section 80C and Section 10 (10D).
    • You can enjoy a long policy period of 5 years.
    • You will be given a grace period of 30 days to pay your premiums if you miss your premium payment deadline.

    2. Edelweiss Tokio Life Dhan Nivesh Bima Yojana:

    This micro insurance plan is a created exclusively to meet the requirements of the rural individuals. It is a non-linked endowment insurance plan. It is a non-participating plan that requires you to pay only a single premium. If the policyholder dies, the nominee will receive a lump sum as the sum assured.

    Benefits and features

    Let us take a look at the benefits as well as features of this plan:

    • You will get a free look period of 30 days with this plan.
    • You can enjoy a long policy period of 10 years.
    • This plan also offers non-forfeiture benefits apart from the death benefit and the maturity benefit.
    • When the policy matures, you will receive good maturity benefits depending on your age.
    • Under this plan, you will receive 2 cover options under the death benefit. Under Option A, the sum assured will be equivalent to 5 times the single premium. Under Option A, the sum assured will be equivalent to 10 times the single premium.
    • This plan allows you to nominate another person to obtain the policy benefits on behalf of you according to section 39 of the Insurance Act, 1938.

    Details of the micro insurance plans offered by Edelweiss Tokio Life Insurance

    Let us take a look at the specific details regarding each micro insurance plan offered by Edelweiss Tokio Life Insurance:

    Plan name Entry age or issue age Maturity age Sum assured
    Edelweiss Tokio Life Raksha Kavach 18 to 50 years (as on last birthday) 23 to 55 years (as on last birthday) Minimum basic sum assured: Rs.5,000 Maximum basic sum assured: Rs.50,000
    Edelweiss Tokio Life Dhan Nivesh Bima Yojana 18 to 45 years (as on last birthday) 28 to 55 years (as on last birthday) Minimum basic sum assured (5 x Premium): Rs.5,000 Minimum basic sum assured (5 x Premium): Rs.25,000

    Why one needs Edelweiss Tokio Life Micro Insurance Plans

    Edelweiss Tokio Life Insurance is a top private life insurer that offers unique and advanced insurance solutions for all income groups. The company aims to secure the goals and dreams of every customer. The company has a great team with skilful and competent personnel. You can trust them to provide you with quick and knowledgeable support.

    With the micro insurance plans from Edelweiss Tokio Life Insurance, you can get life cover at reasonable prices. You can also get into the habit of saving funds in small proportions. These plans will provide you with great returns after a few years. One of these micro insurance plans - Edelweiss Tokio Life Dhan Nivesh Bima Yojana – is designed specially to provide basic insurance to people who live in rural areas, who may not have enough access to multiple insurance options.

    With Edelweiss Tokio Life Micro Insurance Plans, you can handle uncertain hindrances effectively. Even if something unfortunate happens, you and your dependents will not be required to give up the dreams that are very significant to you.