The digital life insurance space is seeing a constant upheaval with more and more players offering online-only products to cash in on the internet revolution. Online shopping and e-commerce is fast catching up with traditional retail in India. Given this situation, more and more life insurance companies are offering more and more services on their online platform. The differentiating factor in the future in terms of consumer buying space could be the portfolio of products offered by the life insurers over the online platform.
Edelweiss Tokio Life has emerged as a life insurer offering a range of products on their online platform. They already have a conventional term plan, a critical illness plan, an endowment plan, and a ULIP in their online product offerings. Recently, they have launched a comprehensive and complete protection plan which complements and completes their product portfolio. Named Edelweiss Tokio Life Total Secure+, this plan is a term plan and a critical illness plan rolled into one. Like a term plan, there is a death benefit for the untimely demise of the policyholder. Apart from this, there is the option of choosing between coverage from up to 7 or 35 critical illnesses. The critical illness cover is an accelerated benefit and not a Rider, which means that the policy continues for the basic Sum Assured after the critical illness cover is claimed. It is a part of the policy and not a separate add-on.
A complete product portfolio
With this product, Edelweiss Tokio Life has one of the most complete and diversified product portfolios in the online life insurance space. There is a product for every single need of the prospective customer. Be it for securing the family’s future, planning for one’s retirement, enhancing one’s wealth, or ensuring that there is a ready provision when a critical illness strikes.
Visit www.edelweisstokio.in to know more about the products and how they can help you in your financial planning.