Edelweiss Tokio Term Insurance Plans
Established in 2011, Edelweiss Tokio Life Insurance Co ltd, is a joint venture between Edelweiss Financial Services, one of India's leading and diversified financial services organization with 248 offices and Tokio Marine, one of the oldest (130 years) and biggest insurance companies having its presence in 469 cities across 37 countries*
Edelweiss Tokio Life Insurance Company Limited. Registration No. 147. CIN: U66010MH2009PLC197336.
Address:- 6th Floor, Tower 3, Wing ‘B’, Kohinoor City, Kirol Road, Kurla (W), Mumbai – 400070.
Fax: +91 22 7100 4133 Toll-Free: 1800 212 1212
List of Edelweiss Tokio Term Insurance Plans
TOTAL SECURE +
Edelweiss Tokio Life – Total Secure+ is a comprehensive online term insurance plan which provides life cover and cover against 35 critical illnesses. It provides comprehensive protection that secures your family and also fulfills your need for critical illness insurance. This online term insurance plan comes with multiple customization options. You can choose the life cover, critical illness benefit, policy term, premium paying term and benefit pay out options. UIN No: 147N036V01
- comprehensive & customisable
Provides life cover & cover against 35 critical illnesses such as cancer, diabetes etc. Customise by choosing convenient payment terms & payout options.
- pay as you wish
Flexible premium paying term including single pay, limited pay (for 5, 10, 15, 20, 25 years) and regular pay till policy lasts.
- accelerated critical illness benefit
On occurrence of specified critical illnesses, policyholder will receive a payout of the critical illness sum but the policy will continue with the base sum assured reduced by the amount of critical illness claim paid. Future premiums payable under the policy for death benefit will be reduced proportionately.
- avail tax benefits
Save tax under section 80D, section 80C and section 10 (10D) of Income Tax Act,1961. Tax benefits are subject to change in the tax laws.
- choose your payout options
You can choose the death benefit payout options as lumpsum or income along with the number of months you want the death benefit to be paid and also between equal or increasing monthly sums compounded @ 5.00% per annum.
Edelweiss Tokio Life – MyLife+ is an online insurance term plan that covers your life and provides security to your family. It is a great opportunity to secure your family at a very competitive price. With cover upto 80 years of age & a flexible payout option, we offer you a value-for-money online insurance term plan. UIN No: 147N027V02
- buy at the click of a button
This product is offered online. You can choose to protect your family from the comfort of your home.
- stay covered till 80 years
Affordable protection till you turn 80.
- choose your payout options
You can choose if you want payout as lump sum, income or a combination of two.
In lump sum option, amount equal to the sum assured will be paid on death of life assured.
Under income benefit option, 1% of sum assured will be paid every month for the next 130 months from the month of death.
Policyholder can also opt for a combination of the above two options.
- avail tax benefits
You can avail tax benefits under Section 80C and Section 10 (10D) of Income Tax Act, 1961.
Tax benefits are subject to change in the tax laws.
Edelweiss Tokio Life – Zindagi Plus is an innovative and customisable life insurance plan. It offers unique benefits that addresses your immediate as well as future protection needs. This term plan has options that will cover the Life Insured and also that’ll take care of tomorrow’s increasing responsibilities. This plan is also equipped with traditional riders so that you can be prepared for the unprepared.
- Plan Options
Level sum assured: Under this, the base sum assured remains the same throughout the policy year.
Decreasing Sum Assured: Under this, the base sum assured reduces by 50% after the policyholder attains 60 years old.
- Better Half Benefit
In case of the unfortunate demise of the life insured before the policy term, a life cover will start in the name of the spouse.
He/she won’t have to pay any future premiums. The sum assured (life cover amount) for the same will be 50% of the base sum assured or Rs. 1 crore, whichever is lower.
- Systematic Increase Of Life Cover
Top-up Benefit: This benefit will increase your base sum assured every year by your chosen rate (5% or 10%). It will continue till the cumulative top-up sum assured equals the base sum assured or till the age of 60 years or till the outstanding policy term is less than 5 years or till the death of the life insured, whichever is earlier. It is a useful and practical way of tackling tomorrow’s growing needs and uncertainties such as inflation and the need to buy another life insurance policy.
Life Stage Benefit: Life stage Sum Assured will be added to your base sum assured on occurrence of a major life event such as marriage, having a child etc.
- Payout Options
The policyholder can choose between three death benefit payment options, which are:
Lumpsum: The nominee will get the entire sum assured after the unfortunate demise of the life insured as lumpsum.
Combination: The nominee will get a part of the sum assured as lump sum and part as monthly income amount, which can be regular or increasing, depending on the policyholder’s choice. Under increasing income, the payouts will increase at 5% p.a.
Monthly Income Benefit: The nominee will get a monthly amount, which can be regular or increasing, depending on the policyholder’s choice. The policyholder can also choose the number of months he/she wants the payouts to be done. Under increasing income, your payouts will increase at 5% p.a.
- Choose Your Payment Options
Regular term: The policyholder will pay the premium till the policy term lasts.
Pay Till 60: The policyholder has an option to pay premium till the age of 60 years, so that he is not compelled to pay premiums out of his retirement savings.
- Waiver Of Premium
All your future premiums will be waived off if you are diagnosed with any of the 35 listed critical illnesses. So you won’t have to worry about paying premiums and can focus on your health.
Edelweiss Tokio Life offers an easy 3 step claim processing.