Edelweiss Tokio Life – Raksha Kavach Plan is a non-linked, non-participating micro term insurance plan offered by Edelweiss Tokio Life Insurance Company Limited. With this micro assurance plan, you can get maximum life cover requirement for a small premium.
|Entry age||18 to 50 years|
|Maturity age||23 to 55 years|
|Policy Term||5 years|
|Sum Assured||Rs.5,000 to Rs.50,000|
|Premium Paying Term||Single Pay, Regular Pay|
|Premium Payment Frequency||Single Pay, Annual|
Premiums may vary depending upon factors like age, location, term of the plan and prevailing GST.
This is how Edelweiss Tokio Life – Raksha Kavach Plan works:
|Policy year||Surrender value as a % of single premium|
The Edelweiss Tokio Life – Raksha Kavach Plan doesn't cover death by suicide of the life insured. In the case of death by suicide within 1 year from the date of policy inception, 80% of the premiums paid is payable to the beneficiary. In the case of death by suicide within 1 year from the date of policy revival, higher of 80% of the premiums paid or surrender value is payable to the beneficiary.
Under the Edelweiss Tokio Life – Raksha Kavach Plan, you can get tax benefits on:
There are several other benefits of purchasing micro term insurance plans from Edelweiss Tokio Life Insurance Company Limited such as:
With the Edelweiss Tokio Life – Raksha Kavach Plan, you can get excellent life cover for a small premium. Edelweiss Tokio Life Insurance Company Limited follows a customer-centric approach, so that the best possible solution can be provided to satisfy the customer’s needs. Customers prefer Edelweiss Tokio Life because of the hassle-free claims process and a wide range of insurance solutions. The Claims Settlement Ratio of the company in FY 2016-17 is 93.29%. The company also won the Best Life Insurer, 2016 by Outlook Money Awards.
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