You are right. Death and critical illness are two things that come unannounced and cause a lot of financial hardships for your family and yourself. Protection against both will hold you in good stead. But rather than taking it both separately, won’t it be better if you could pay a single premium and be protected against both of them.
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:
- A) 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 or a combination of the two. Even when you choose monthly payouts, you have the option of equal monthly sums or increasing monthly payouts.
- B) Life Cover with â€˜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.
- C) Life Cover with â€˜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.