Your family is your first priority. While you cannot have any guarantees in life, you can at least prepare for future contingencies and protect your family from financial instability in the event of your unfortunate death or a critical illness. Term life insurance plans are the most simple and fundamental insurance products. In other words, if you, as the policyholder, were to meet with an untimely demise during the policy term, your family will get a fixed payout. There are many different insurance plans but there is something different with Edelweiss Tokio Life – TotalSecure+ provides comprehensive protection by giving the policyholder an option to choose an accelerated critical illness benefit which provides cover against 35 critical illnesses.
How does the accelerated benefit work?
Let’s say you choose a sum assured of Rs 1 Cr. Out of which you selected Rs 20 lakh as a critical illness cover. In the event that you suffer from a pre-defined critical illness anytime during the policy term, you will receive a lump sum of Rs. 20 lakhs. This amount is available to you on diagnosis itself. After claiming for this critical illness cover, the policy would continue for the rest of the policy term providing a life-cover of the remaining 80 lakhs. If anytime during the policy term, you meet with an untimely demise; your family will be given the Sum Assured of Rs.80 lakhs. This amount, as per to the payout option chosen by you, can be received by your family either in the form of a lump sum payment, regular monthly income in equal or increasing amounts, or both.
So, this policy serves as an income replacement when you are unable to contribute financially to the household due to either a critical illness or your unfortunate demise. Make a quote at the moment without any delay and take benefit of Edelweiss Tokio Life – Total Secure + that adds a plus to your family even when you are not around. Calculate your premium for your desired sum assured here.