Why you should choose comprehensive cover over basic life cover?

As humans, we love an ease and smoothness in everything we do, including our financial decisions. A hassle-free experience is what we are always looking for.

Wouldn’t it be tempting to wrap your insurance payments into one product as it saves you from having to research about many individual plans and keep in mind to make regular payments at multiple times during the year? You would no longer have to worry about renewal dates or keep track of multiple documents.

A comprehensive plan helps in easing your financial decision. Comprehensive plans combine term life insurance with critical illness coverage. You can also add riders for accidental death and disability benefit. These features are clubbed in a single plan which makes it easier for you to manage your policy and convenient to keep a track of premiums.

In a comprehensive plan along with the life cover comes an accelerated Critical Illness Cover, the policy continues even after payout of the critical illness cover until your policy term.

This means that you are protected at more than one stage in your life with two claims: first on diagnosis of the critical illness, and second on death.

Edelweiss Tokio Life – Total Secure Plus comes with an Accelerated Critical Illness Cover, where a lump sum amount is provided on diagnosis of any pre- listed critical illness.

This amount will help you pay utility bills and meet medical expenses. While you get treated and recover gradually, you may be on a sabbatical. During this interim period your family will not be burdened with the loss of income and additional treatment costs because this lumpsum amount will help them run the show.

The policy continues until the time of your death, where your family is paid the remainder of the life cover.

So, if Amit has opted for Edelweiss Tokio Life TotalSecure+ with a total sum assured of Rs 1 Crore out of which he choose Rs 20 lakhs as a critical illness coverage. If Amit is diagnosed with a critical illness like cancer, Amit will receive the entire Rs 20 lakh while his life cover of Rs 80 lakhs will continue up to 75 years of age (his policy term)

This Rs 80 Lakhs will be provided to Amit’s family in case of his sudden demise.

This feature sets it apart from a regular term insurance plans, enabling you to reap benefits of both life and critical illness cover. Why not get more by choosing a comprehensive plan?