Simplicity is often underrated. A simple Life Insurance plan is no different. The number of add-on benefits and riders offered in a term plan can be overwhelming for an insurance buyer. A term plan is meant to protect in times of upheaval. Then why not choose a plan that does just that? Edelweiss Tokio Life – Simply Protect is an easy-to-understand term plan that provides a comprehensive life cover and comes with inbuilt benefits.
Here’s how simple it is to plan your Life Cover with Edelweiss Tokio Life – Simply Protect
1. Choose your Life Cover
Apart from a basic life cover, Simply Protect comes with three other variants to choose from. These variants have inbuilt benefit options, which makes this plan truly comprehensive.
The 4 life cover variants are:
- Basic Life cover, which covers all forms of death.
- Life cover with inbuilt Accidental Death Benefit.
- Life cover with inbuilt Waiver of Future Premiums on accidental total and permanent disability.
- Life cover with inbuilt Waiver of Future Premiums on critical illness.
2. Choose Your Premium Payment Term
You can opt for the limited pay option and pay off your premiums within 5,10,15 or 20 years and enjoy a liability-free retirement. If you choose the Single-Pay option, you can pay your premium in one go and stay protected up to 80 years!
3. Choose a Pay Out Mode
At times, a lump sum pay may not be the best option for your financial dependents. What they would need is a regular monthly income to meet daily expenses. Edelweiss Tokio Life – Simply Protect offers a Regular Income Benefit option that provides the nominee 1% of the sum assured every month for 130 months, after the policyholder’s demise. This means that the family continues to receive a steady income, even in your absence.
Protecting your family’s future should be a simple task. And that’s exactly what Edelweiss Tokio Life – Simply Protect does. Click <here> to know more about the plan.