Edelweiss Tokio Life Term Insurance Plans
- 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
Secure your future by investing in the term plans offered by Edelweiss Tokio Life Insurance. By planning ahead, you can ensure that your family doesn't have to go through any financial stress even in your absence. The term plans offered by Edelweiss Tokio Life Insurance are designed to provide for you as well as your family's financial security and other lifestyle requirements.
Benefits of Edelweiss Tokio Life Term Insurance Plans
Following are the benefits of choosing Edelweiss Tokio Life Term Insurance Plans:
- Enhanced protection through Riders: You have the option to enhance your life cover protection by adding riders at a nominal additional premium. Riders can be attached to a new or existing traditional Edelweiss Tokio Life Insurance Plan. Edelweiss Tokio Life Insurance offers the following riders:
- Edelweiss Tokio Life Accidental Total and Permanent Disability Rider
- Edelweiss Tokio Life Accidental Death Benefit Rider
- Edelweiss Tokio Life Hospital Cash Rider
- Edelweiss Tokio Life Waiver of Premium Rider
- Tax benefits: With the Edelweiss Tokio Life Term Insurance Plans, you can save tax as per the prevailing tax laws in India:
- Under Section 80C on premiums paid
- Under Section 10 (10D) on premium refund and Life Cover amount
- Under Section 80D on premiums paid towards Critical Illness Rider
List of term insurance plans provided by Edelweiss Tokio Life Insurance Company
Edelweiss Tokio Life Insurance provides 5 products under the category of term insurance plans. These 5 products are popular for their affordability and comprehensive cover. They provide a plethora of benefits to the policyholders and their family. These plans are apt for someone who is looking to provide financial security to their family in their absence. Policyholders can enhance these plans by adding riders and can also enjoy tax benefits under them. These plans can be customized according to the convenience and financial need of the policyholder.
The Edelweiss Tokio Life offers you 5 term insurance plan options to suit your financial protection needs:
This comprehensive online term insurance plan offers life cover as well as protection against more than 30 critical illnesses. The policyholder also receives comprehensive protection that provides their family adequate financial security along with fulfilling their requirement for a critical illness insurance. With this online term plan, the policyholder receives a plethora of customization options. They can choose the policy term, benefit pay out option, life cover, critical illness benefit, and premium paying term.
Under this online insurance term plan, the policyholder gets a life cover and guaranteed financial security for their family. The affordability of this plan makes it easy for individuals to obtain financial security for themselves as well as for their family. This plan provides a flexible payout option and coverage up to the age of 80 years.
This is a term plan that guarantees complete financial protection of the family in the absence of the policyholder. Under this plan, the future premiums get waived off in a situation where the policyholder is suffering from a critical illness or a disability.
This plan is not only affordable but it also takes care of the dreams and aspirations of the family in the absence of the policyholder. Under this plan, in case of the demise of the policyholder, the company pays the chosen sum assured. This plan provides assurance of protection of the family members for a period of 30 years maximum.
Under this plan, the family members of the policyholder continue to receive a monthly income after the demise of the bread winner. This plan offers a limited premium payment option so that the current income of the policyholder doesn't get affected. The family receives the monthly benefit for at least 5 years even if the remaining policy term is below 5 years.
Let us take a look at the specific details of each of the term insurance plans offered by Edelweiss Tokio Life Insurance:
| Name of the plan | Entry Age | Policy Term | Minimum sum assured |
| Edelweiss Tokio Life TotalSecure+ |
|
Benefit option 1
|
|
| Edelweiss Tokio Life-MyLife+ |
|
10/15/20/25/30/35/40/80 minus entry age | Rs.25 lakh |
| Edelweiss Tokio Life-Simply Protect |
|
10 years to 40 years | Rs.25 lakh |
| Edelweiss Tokio Life-Protection |
|
10 years to 30 years | Rs.15 lakh (in multiples of 1 lakh) |
| Edelweiss Tokio Life-Income Replacement |
|
10 years to 30 years | Rs.15,000 (in the multiples of 1,000) Under this plan, the sum assured is calculated as: monthly benefit amount x 12 x policy term |
Why one needs Edelweiss Tokio Life Term Insurance Plans?
Edelweiss Tokio Life Insurance is one of the most prominent life insurance companies in India. Over the years, it has earned popularity for the plethora of insurance products that it offers. The products offered by the Edelweiss Tokio Life Insurance are not only unique but they have also been designed keeping in mind the various financial needs of people. The company aims to secure the financial aspirations of its customers.
The term insurance plans offered by Edelweiss Tokio Life Insurance are comprehensive and affordable. They can be customized according to the needs of the policyholder and hence, are unique in their own way. These plans assure financial security for the policyholders as well as their family members. By opting for one of these plans, the family members of the policyholder can continue to receive a monthly income even after the death of the bread winner. So any individual who is looking to secure their family’s future should opt for the plans listed under this category.
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