Term insurance is a kind of life insurance product presented by a life insurance company which offers financial coverage to the policyholder for a specified period. The death benefit is paid to the nominee of the policyholder. But is the death of the breadwinner the only unfortunate event that can cause a loss of income? What if he/she suffers from a critical illness? The point of thought is how do you get complete protection from both death and illnesses at an affordable premium? This question is tickling Ravi’s mind and he comes up with something that is really beneficial for the future of his family. Let’s see what it is………..
Ravi is a 30-year-old brand manager in a company. Ravi lives with his wife Meera. Ravi has always planned for contingencies and so he wants to be well prepared for all unexpected conditions in life. For this, he is looking for a term plan that will give him complete protection at an affordable premium. And finally, he comes across Edelweiss Tokio Life – TotalSecure+. It not only covered death but also critical illnesses. The key factor was that it covered 35 critical illnesses including the most common ones like heart disease, chronic kidney disease, and cancer. He chose a base Sum Assured of Rs. 1 crore out of which he chose a critical Illness cover of Rs. 10 lacs till 75 years of age. This complete protection came at an affordable annual premium of Rs. 14,088.
After few years Ravi got diagnosed with cancer. He receives the critical illness cover of Rs. 10 lakhs as a lumpsum during diagnosis itself and the policy continues with reduced base sum assured of Rs. 90 lakhs. The subsequent premiums are proportionately reduced.
Edelweiss Tokio Life TotalSecure+ is a comprehensive protection plan that provides complete protection – Life cover as well as cover against critical illnesses, thus providing a complete security to your family. You can customize this plan by choosing a convenient premium payment term, the benefit option and the payout option.
So if Ravi can think of himself and his family. What are you waiting for? Get a quote by clicking here.