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  • Edelweiss Tokio Life Totalsecure Plus Plan

    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

    The TotalSecure+ Plan from Edelweiss Tokio Life is a non-linked, non-participating, term insurance policy. The key benefit of this policy is that it not only provides policy buyers a comprehensive life cover, but also provides them the option to choose an additional critical illness cover. Further, the insurer also provides three death benefit payout options, from which policy buyers can choose any one option as per their needs.

    The minimum premium payable under this plan is Rs.3,000. Further, policy buyers can also purchase riders to customise their coverage. Any individual who purchases this policy can avail tax benefits under the Income Tax Act, 1961.

    Eligibility - Who is the Edelweiss Tokio TotalSecure+ Plan for?

    In order to purchase any life insurance policy, you will need to meet the eligibility criteria set by the insurance provider.

    Parameters Criteria for eligibility
    Minimum age at entry 18 years
    Maximum age at entry 65 years
    Maximum age at maturity
    • Benefit Option 1: 80 years
    • Benefit Options 2 and 3: 75 years
    Plan Options
    • Benefit Option 1: Life cover only
    • Benefit Option 2: Life cover with ‘basic health cover’ – provides cover against 7 critical illnesses
    • Benefit Option 3: Life cover with ‘comprehensive health cover – provides cover against 35 critical illnesses

    Sum Assured and Premium Range - What you get and what it costs?

    Sum Assured

    The sum assured is the minimum amount of money that one’s nominee is guaranteed to receive from the insurer, in case of the policyholder’s death.

    Minimum Sum Assured
    • Base Sum Assured: Rs.25 lakh
    • Critical Illness Sum Assured: Rs.5 lakh
    Maximum Sum Assured
    • Base Sum Assured: No limit
    • Critical Illness Sum Assured: Rs.1 crore

    Premiums*

    The premium is a nominal sum of money that the policy buyer pays to the insurer to avail insurance coverage.

    Minimum term of the policy 10 years
    Maximum term of the policy
    • Benefit Option 1: 62 years
    • Benefit Options 2 and 3: 40 years
    Premium Payment Term (PPT)
    • Benefit Option 1:
    • Single Pay
    • Limited Pay (5, 10, 15, 20, or 25 years)
    • Regular Pay
    • Benefit Options 2 and 3: Regular Pay
    Premium Payment Mode
    • Annual
    • Single
    Minimum Premium Amount Rs.3,000

    *Premiums vary based on age, location, plan term, and other factors.

    Plan Coverage - What the Edelweiss Tokio TotalSecure+ Plan covers?

    Death Benefit
    • For Single Pay Policies, the death benefit payable will be the highest of the following:
    • 125% of the single premium amount,
    • Maturity sum assured
    • Any guaranteed amount which will be paid upon the policyholder’s death
    • For Limited Pay and Regular Pay Policies, the death benefit payable will be the highest of the following:
    • 10 times the annualised premium
    • 105% of the overall premiums paid
    • Maturity sum assured
    • Any guaranteed amount which will be paid upon the policyholder’s death
    *Note: The death can be paid out as a lump sum amount, as fixed income for a period of years, or as a lump sum amount and fixed income for a certain number of years, as per the policyholder/nominee’s preference.
    Critical Illness Benefit If the life assured is diagnosed with a critical illness, he/she will be provided a lump sum payout. The policy cover will not cease to exist after the payout has been made. However, the amount paid will be reduced from the death benefit amount. If the critical illness benefit is equal to the sum assured, the policy will cease to exist after the critical illness benefit is paid out.

    Riders/Add-On Plans – Additional coverage under the Edelweiss Tokio TotalSecure+ Plan

    If you wish to enhance your coverage, you can opt to purchase riders offered by Edelweiss Tokio Life. The riders that you can purchase are:

    • Edelweiss Tokio Life – Accidental Death Benefit Rider
    • Edelweiss Tokio Life – Accidental Total and Permanent Disability Rider
    • Edelweiss Tokio Life – Waiver of Premium Rider (this rider can only be purchased with Benefit Option 1, and will also not be available to people who choose the ‘Single Pay’ mode of premium payment)
    • Edelweiss Tokio Life – Hospital Cash Benefit Rider (this is only available for Regular Pay Policies)

    Exclusions - What the Edelweiss Tokio TotalSecure+ Plan doesn’t cover?

    If the policyholder happens to commit suicide within 12 months of the date of commencement of the risk cover, the insurer will refund 80% of the premiums paid to the nominee. If the policyholder commits suicide within 12 months of reviving the same policy, the insurer will pay the surrender value or an amount equal to 80% of the premiums paid to the nominee, based on whichever is higher.

    With regard to the Critical Illness Benefit, no benefit will be paid if the life assured is diagnosed with a critical illness due to the following causes:

    • Pre-existing diseases
    • Diseases due to HIV
    • Attempted suicide or self-inflicted injury
    • Alcohol or drug abuse
    • Acts of war, invasion, hostilities, etc.
    • Participation in military, navy, or air force operations
    • Participation in high-risk activities, sports, or pursuits
    • Participation in activities with a criminal intent
    • Disabilities as a result of psychiatric illnesses, chronic fatigue, post-traumatic stress disorder, chronic pain, and fibromyalgia.
    • Congenital conditions
    • Failure to seek timely medical intervention or failure to follow doctor’s advice

    Other Key Features – Free-Look Period, Surrender Value, Grace Period, etc.

    Grace Period The insurer offers a grace period of 30 days to policyholders.
    Revival Lapsed policies can be revived within a period of 2 years, from their date of lapse.
    Free-Look Period Policy buyers are provided a free-look period of 30 days.
    Paid-Up Value
    • For 5 Pay Policies: If the due premiums were paid for 2 years and the following premium was missed, the policy will be converted into a paid-up policy.
    • For 10 Pay, 15 Pay, 20 Pay, and 25 Pay Policies: If premiums were paid for a period of 3 years and the following premium payment was missed, the policy will be converted into a paid-up policy.
    • For Regular Pay Policies: Policies will not acquire a paid-up status
    Surrender Value
    • Single Pay Policies: Policies will acquire a surrender value as soon as the single premium is paid by the policyholder.
    • 5-Pay Policies: These policies will acquire a surrender value after 2 policy years if all due premiums are paid as per schedule.
    • 10 Pay, 15 Pay, 20 Pay, and 25 Pay Policies: Policies will acquire a surrender value if premiums are paid for 3 full policy years.
    • Regular Pay Policies: These policies will not acquire a surrender value.
    Post surrendering the policy, the applicable surrender value will be paid to the policyholder, by the insurer.

    Tax Benefits – How you can save with the Edelweiss Tokio TotalSecure+ Plan?

    Policyholders can claim tax rebates under Section 80C of the Income Tax Act, 1961, for premiums they pay towards maintaining this policy. Tax benefits can also be claimed on any payouts offered by the insurer.

    Other Features of Edelweiss Tokio Life

    • Online Claims Registration: Claims can be registered online through the insurer’s official website, in a hassle-free manner.
    • Online Premium Payment: Policyholders can pay their premiums online through the company’s official website via credit/debit card, net banking, etc.
    • Online Policy Renewal: Insurance policies can be renewed online through the Edelweiss Tokio Life website, by simply keying-in a few details.

    Why should you buy the TotalSecure+ Plan from Edelweiss Tokio Life?

    The TotalSecure+ Plan from Edelweiss Tokio Life comes with three plan options, thus helping you avail coverage as per your exact needs. Edelweiss Tokio Life, which is a joint venture between Tokio Marine Holdings Inc. and Edelweiss Financial Services, is a leading life insurance provider in India.

    The insurer has a pan-India presence with around 91 branches across various states. Further, the insurer offers an array of varied insurance plans and is well-renowned for their customer-centric approach. The insurer has reported a claim settlement ratio of 93.29% for FY16-17. Edelweiss Tokio has also been recognised with several awards for their product innovations and services.