Edelweiss Tokio Life – Protection – Overview
Edelweiss Tokio Life – Protection is a non-linked, non-participating, term insurance plan. This pure protection plan offers complete protection to the loved ones in the event of the demise of the life insured (primary breadwinner of the family). This cost friendly solution allows the family to realise their dreams and maintain the same lifestyle even in the absence of the life insured. It provides a lump sum amount to the nominee on the death of the life insured. The plan offers lower premium rates for leading a healthy lifestyle to individuals who do not consume tobacco.
Key Features
• Life Insurance Cover: This pure term plan addresses the need for risk protection by providing a life insurance …show more content…
One can choose from 5 premium paying term options.
• Rewards Healthy Lifestyle: In order to promote a healthy way of living, the policy offers lower rates of premiums to individuals who do not consume tobacco
• Discount for Higher Sum Assured: There is a discount on insurance premium available if the policyholder chooses a high cover amount (or Sum Assured). In other words, the cost reduces for higher Sum Assured.
• Long Term Protection: The policy gives the assurance of protection for a maximum period of 30 years. The cover may extend up to 70 years depending on the age of the life insured.
• Optional Riders Available: One can opt for additional riders to enhance the scope of the insurance policy by paying a nominal extra amount. The following riders are available: o Edelweiss Tokio Life - Accidental Total and Permanent Disability …show more content…
during the tenure of the policy, provided the policy is in force, the insurance company will pay the Sum Assured as per the schedule in a lump sum to the nominee or the beneficiary.
• Maturity Benefit: There is no Maturity Benefit payable in case of survival of the life insured till the date of maturity
• Tax Benefits: Tax benefits can be availed under Section 80C and Section 10 (10D) of the Income Tax Act, 1961
Product Specifications
Minimum Maximum
Entry Age (Last Birthday) 18 years 60 years
Maturity Age (Last Birthday) 28 years 70 years
Policy Term 10 years 30 years
Basic Sum Assured Rs. 15 lakh (multiples of Rs. 1 lakh) No limit (subject to underwriting)
Premium Paying Term • Single Pay
• 5 Pay
• 10 Pay (for a policy term of 20 years and above only)
• 15 Pay (for a policy term of 25 years and above only)
• Regular Pay
Premium Payment Frequency Annual
Policy
Edelweiss Tokio Life – Protection is a non-linked, non-participating, term insurance plan. This pure protection plan offers complete protection to the loved ones in the event of the demise of the life insured (primary breadwinner of the family). This cost friendly solution allows the family to realise their dreams and maintain the same lifestyle even in the absence of the life insured. It provides a lump sum amount to the nominee on the death of the life insured. The plan offers lower premium rates for leading a healthy lifestyle to individuals who do not consume tobacco.
Key Features
• Life Insurance Cover: This pure term plan addresses the need for risk protection by providing a life insurance …show more content…
One can choose from 5 premium paying term options.
• Rewards Healthy Lifestyle: In order to promote a healthy way of living, the policy offers lower rates of premiums to individuals who do not consume tobacco
• Discount for Higher Sum Assured: There is a discount on insurance premium available if the policyholder chooses a high cover amount (or Sum Assured). In other words, the cost reduces for higher Sum Assured.
• Long Term Protection: The policy gives the assurance of protection for a maximum period of 30 years. The cover may extend up to 70 years depending on the age of the life insured.
• Optional Riders Available: One can opt for additional riders to enhance the scope of the insurance policy by paying a nominal extra amount. The following riders are available: o Edelweiss Tokio Life - Accidental Total and Permanent Disability …show more content…
during the tenure of the policy, provided the policy is in force, the insurance company will pay the Sum Assured as per the schedule in a lump sum to the nominee or the beneficiary.
• Maturity Benefit: There is no Maturity Benefit payable in case of survival of the life insured till the date of maturity
• Tax Benefits: Tax benefits can be availed under Section 80C and Section 10 (10D) of the Income Tax Act, 1961
Product Specifications
Minimum Maximum
Entry Age (Last Birthday) 18 years 60 years
Maturity Age (Last Birthday) 28 years 70 years
Policy Term 10 years 30 years
Basic Sum Assured Rs. 15 lakh (multiples of Rs. 1 lakh) No limit (subject to underwriting)
Premium Paying Term • Single Pay
• 5 Pay
• 10 Pay (for a policy term of 20 years and above only)
• 15 Pay (for a policy term of 25 years and above only)
• Regular Pay
Premium Payment Frequency Annual
Policy