When you think about giving gifts to your loved ones, it includes toys for your kids, electronics or jewellery for your spouse, but have you ever thought – What can you give your family when you are no longer around?
That’s where you should think about a Term Insurance Plan. It can be the best gift to your spouse so that, he/she can protect your children and parents from future financial crises in your absence. At this venture, Edelweiss Tokio has launched a new product Zindagi Plus.
Zindagi Plus is not just a term plan but it also gives you a lot of unique benefits. It not only covers your present requirements but also provides the flexibility to take care of your changing responsibilities as well as increasing cost of living.
You can choose a life cover as per your needs. The policyholder also has an option to ‘Pay till 60 years of age‘. Under this, he won’t have to pay after 60 years of age. The advantage is that if your income earning capacity stops after 60 years (salaried employees), then you won’t have the burden of paying premiums.
Doesn’t that sound startling?
The USP of Zindagi Plus is the ‘Better Half Benefit’. Under which, after the death of the policyholder, a life cover will start in his/her spouse’s name which will be 50% of the life cover of the policyholder, up to Rs 1 crore. The spouse won’t have to pay any premium and the nominee will also get the sum assured. A very important feature of this benefit is that it also covers housewives too. The policy will continue till the end of the actual policy term.
As done by Mr. Pawar who is a 28-year-old salaried individual having an annual income of 8 Lakhs per annum, got married 2 years ago and at the very moment, he opted to purchase a life insurance plan. He buys Edelweiss Tokio Life Zindagi Plus with ‘Better Half’ Benefit with a life cover of Rs. 2 cr up to the age of 80 years. Tomorrow, if he meets with an untimely demise before his policy term ends, his family will get a sum assured of Rs. 2 cr. It doesn’t end there, as he opted for better half benefit, his wife will get a life cover of Rs. 1 crore which will start immediately for the remaining policy period. Mr. Pawar’s better half, his children and his folks will have a financially peaceful life as they don’t have to pay any premium for the remaining policy term while remaining covered.
What an outstanding decision by Mr. Pawar for his family. He has taken the right step for his family. You too have an opportunity to do that as long as you are alive and in good health. Think of that as a gift in your own life and don’t let the moment pass.