This plan activates when you are diagnosed with COVID-19. Post this, it's with you in sickness and beyond.
This plan grants you a lump sum payment when you’re admitted to the ICU or HDU due to COVID-19, regardless of the actual expenses.
We know it’s not safe to step out yet. So, you don’t need to carry out any medical tests. The policy can be bought online in 3 simple steps
Times like these, call for extra protection. This 1-year insurance plan is designed to tackle your current protection needs.
Benefits of COVID Shield+
This plan will be with you from the beginning of your COVID-19 journey. Whether it’s your diagnosis of COVID-19 or admission in ICU / HDU due to COVID-19 or even death, Edelweiss Tokio Life COVID Shield+ has your back.
Diagnosis ke saath bhi, diagnosis ke baad bhi! This benefit gets activated from the moment you get diagnosed with COVID-19. In case of death during the policy term, your nominee will receive 100% of the enhanced sum assured along with the base sum assured as a lump sum payout.
No matter the situation, we’ll be there for you. There are some circumstances that one can’t foresee. In case of an unfortunate death during the policy term, we’ll make sure to stand by your family and provide your nominee with the base sum assured amount.
We’ve geared up to deal with any situation! These are uncertain times, and when diagnosed with COVID-19, the situation can sometimes escalate rapidly. In case you need to be admitted in the ICU or HDU for COVID-19 treatment, the plan gives you a lump sum amount equal to 40% of your enhanced sum assured to deal with any and all expenses during this time and help you bounce back. (Example - Get Rs.10 lacs on Enhanced Sum Assured of Rs.25 lacs)
This plan is created to look after your current requirements, keeping in mind the situation at hand. This is why it lasts for one year.
We’ve got experience in helping people make their Zindagi unlimited
We’ve got the expertise in helping you grow your wealth
We constantly innovate our offerings to get better results for you
I am totally speechless. Thank you so much for helping me out. In fact, I don't have any word to describe how indebted I am to Edelweiss Tokio. Never in my life, I have come across such a genuine & trustworthy insurance company. You have changed my entire conception towards Insurance companies. I am really grateful. May your company rise to much greater heights in the years to come.
GOOD SERVICE FROM EDELWEISS TOKIO. I AM FULLY HAPPY WITH YOUR SERVICE.
Good speech and explanation. Thank you very much.
I asked certificates for my two insurance policies for filing Income tax return. The lady officer who attended my call was very courteous and promptly emailed certificates in few minutes time. Service is excellent. Thanks every one from top to bottom in the company. Keep it up.
Thanks very much! Edelweiss Tokio has vey fast and excellent service and response. I will definitely recommend many of my friend for Edelweiss Insurance.
Only when the Life Insured is admitted to ICU or HDU for at least 24 hours post diagnosis of COVID-19 for management of severe Covid-19 disease.
Yes, ICU/HDU facility should be from Designated Hospital which is designated by Ministry of Health and Family Welfare and is designated as a COVID-19 treatment hospital certified by the relevant authority.
It means when the result of the RT-PCR test, conducted through ICMR authorized laboratory as prescribed by ICMR, is positive.
No. Critical Illness Benefit will be paid only for management of severe Covid-19 disease.
This doesn’t meet the definition of ICU/HDU as mentioned in T&C and hence, Critical Illness Benefit shouldn’t be paid.
No. Once Life Insured is diagnosed with COVID-19, an Enhanced Sum Assured will be triggered. This Enhanced Sum Assured along with the Base Sum Assured will be paid on death due to any reason, other than a suicide.
Yes, there is a waiting period of 30 calendar days from the date of inception of the policy.
Life Insured will be applicable only base sum assured in such scenario and no other benefit will be paid.
Yes, benefits will be paid in this scenario, provided Life Insured submits the proof of full recovery from the registered Medical Practitioners.
Benefit under section 80C shall be the applicable tax benefit¹ as this is a term product. However, in case sum assured for Pre-COVID death is considered applicable, then 80C benefit shall be restricted to 10% of sum assured or actual premium, whichever is less. Policy holders should be advised to consult his/her tax consultant to evaluate the deductibility of premium paid.
We should be intimated regarding ICU/HDU of Life Insured within 90 days from the date of such admission. We shall be provided with the following documents:
Aapke Savings ka Saviour
Live Zindagi Unlimited
What happens to you, AFTERWARDS
Life Insurance is a Priority!
Modern Mahila ko #TaxSeKyaDarr?
3- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
4- Discount for large Sum Assured is available depending on the Sum Assured, policy term and premium paying term.
Edelweiss Tokio Life – COVID Shield+ is only the name of a Non-Linked, Non Participating Individual, Pure Risk Premium, Life Insurance Product and does not in any way indicate the quality of the plan, its future prospects or returns. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the tax laws. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336. UIN: 147N067V01.