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Edelweiss Tokio Life – Group Credit Protection covers all types of loans that you may lend. It is a Single pay term and offers cover even during moratorium period.

Yes, this plan covers death due to COVID-19.

You can avail this plan with a minimum group size of 50 people.

A minimum of 1 year and a maximum of 2 years’ moratorium period would be available.

Yes, this plan offers cover equivalent to principle, during the moratorium period.

 The minimum and maximum entry ages are 18 years and 65 years respectively.

The maximum maturity age is 70 years.

The minimum and maximum coverage terms are 2 and 30 years respectively.

As it is a Single pay term, you only need to pay your premium once.

The minimum sum assured is Rs. 10,000 per member. The maximum sum assured is subject to Board approved underwriting policy.

It is a term plan, so no maturity amount is payable on maturity or survival. In the event of death, the reduced sum assured as per schedule as on death will be paid.

 This product offers a free look period of 15 days and that of 30 days in case of electronic policies and policies obtained through distance mode.

Yes, this plan has a surrender benefit, which will be available from the first year.

 In case of death due to suicide within 12 months from the date of risk commencement for the individual member or from the date of revival, the nominee or beneficiary of the individual member shall be entitled to at least 80% of the total premiums, provided the coverage is in force.

As it is a single pay term, grace period is not applicable.