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Better Together In One Single Plan

  11/17/16 12:55 PM

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History is replete with examples of inventions that combined two functions into one and revolutionized the world. By using the radio, you could only hear, but through the television you could both listen as well as see. You had the wired telephone through which you could talk, but using the mobile phone, you could talk and move around at the same time. Using the microwave, you could only heat, but with the new microwave ovens, you can heat as well as bake and cook. Now, here comes a life insurance plan that allows you to financially secure yourself from both death and critical illness.

Edelweiss Tokio Life Total Secure+

Edelweiss Tokio Life Total Secure+ gives you the benefits of both term life insurance and critical illness protection in one plan. Besides, it gives you the option of choosing between Basic health protection and comprehensive protection. A revolutionary product, which for the first time in life insurance gives you the option of combining term plan with either of two critical illness covers. One critical illness plan covers 7 while the other one, for a little extra premium, gives you protection against 35 critical illness. All of this with multiple payout options for the death benefit Sum Assured in the form of lumpsum, monthly payouts and combination of the two. Even when you choose monthly payouts, you have the option of equal monthly sums or increasing monthly payouts.

This product comes in three avatars:

 1.  Life Cover only:

A pure term life insurance product which gives your beneficiaries a fixed payout on the event of your untimely demise any time during the policy term. The death benefit payout will be made as per the death benefit payment mode chosen and the policy will be terminated. Death benefits can be in the form of lumpsum, monthly payouts and combination of the two. Even when you choose monthly payouts, you have the option of equal monthly sums or increasing monthly payouts.

 2.  Life Cover with 'Basic Health Cover'

In this option, you are provided coverage on death and accelerated critical illness for 7 critical illnesses. The Critical Illness Benefit is accelerated and not an additional benefit which means the policy will continue with the Death Benefit reduced by the extent of the Critical Illness Sum Assured paid. So, for instance, you have taken a policy with Sum Assured of 50 lacs out of which critical illness cover is 10 lacs. If you are beset with any of the 7 pre-listed critical illness, you will receive the amount of 10 lacs as a lump sum and the policy will continue as a term policy with a Sum Assured of 40 lacs.

 3.  Life Cover with 'Comprehensive Health Cover'

This option is similar to option B) with the difference being that instead of 7, this plan gives you protection against 35 critical Illnesses.

Being an online product, this product is not only cheaper but also convenient to purchase. Generate a quote today and stay protected from both death and critical illness.


Aastha Mestry - Portfolio Manager          

An Author and a Full-Time Portfolio Manager, Aastha has 6 years of experience working in the Insurance Industry with businesses globally. With a profound interest in traveling, Aastha also loves to blog in her free time.

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