This plan offers you the benefit of covering all types of loans, so you can help others without worries.
In-built contingnecy plan! In case of any unfortunate circumstances, this plan will cover you during a moratorium period of 1 - 2 years.
This plan and all its benefits get activated through a Single Premium Payment.
This plan offers a surrender benefit from the first policy year itself.
Covers All Types of Loans
One solution for all! Being a plan specifically curated for financial institutions, you can get cover for all types of loans when you opt for Edelweiss Tokio Life Group Credit Protection. This includes personal, home, car, agriculture, credit card, education and any other loan.
It’s got the power of one! With this plan, you just need to make a one-time premium payment to kickstart your benefits. With this Single Premium payment, you can get cover for 30 years without the hassle of multiple payments.
In-built contingency plan! In case of any unfortunate circumstances, this plan will cover you during the moratorium period. During this period your cover stays intact!
Get benefits even when you surrender! This plan offers surrender benefits*⁴. It is available from your first policy year, and the surrender value will be 70% of the total term coverage. In case the master policy holder surrenders the plan, the other members of the plan are given the choice to continue getting their benefits by converting to an Individual Plan.
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 always discouraged my husband from buying this term plan because I thought what could happen to a 38 year old physically fit man suddenly? After he left, I found a policy in his drawer. Receiving the full amount of the sum assured meant a secure future for my 10 and 4 year old boys. You guys have been so co-operative, and I applaud Edelweiss Tokio Life for being so supportive.
I wanted to pen this email to echo my appreciation for the quality of service I experienced from Edelweiss Tokio Insurance. I had submitted an insurance claim for the demise of my spouse and in a matter of less than 1 week, the claim was settled. The paper work was smooth and your representative came and collected the documents when it was raining heavily in Mumbai. I very much appreciate the quality of your service, my huge thanks to associates who made this possible.
Timely followup and detailed information of staff helped me in buying the term plan and criti care plus. Got the term plan very quickly and hassle free.
Edelweiss Tokio has very good plans where insured is not covered for his untimely death but his loved ones are protected with benefits even after insured is no longer alive. Further, their claim process is extremely hassle free and quick. Their personal touch in ensuring my claim is processed makes them different from other life insurance companies.
I purchased the insurance policy from edelweiss with better rates as comparable to other companies , so it makes a remarkable and optimum benchmark for all the interested policy buyers
As a financial institution, the loans that you lend help people fulfil their dreams. However, if something would happen to them, their loan repayment may get stuck and you would be left with liabilities. So, a group credit insurance plan is ideal to protect the lender’s interests. Though you take necessary measures for recovery, you also need to insure your lent assets against non-payment by the borrower, on his/her death.
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.
Life Insurance is a Priority!
Not all superheroes wear capes.
Thank you for the unlimited love
Financial solutions… apke liye.
Leave your life's legacy behind
0- Provided the premium paying term is more than or equal to 10 years.
1- This is applicable only if all due premiums are paid and the policy is inforce.
*4- Subject to terms & conditions. Refer product brochure for more details
Edelweiss Tokio Life – Group Credit Protection is only the name of a Group, Non-Linked, Non-Par, Pure Risk Premium, Life, Credit 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 and terms and conditions, please read sales brochure carefully before concluding a sale.
IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336. UIN: 147N002V03
ARN No : WP/1418/Feb/2021