Edelweiss Tokio Life – Group Credit Protection

Group Credit Protection

  • 01 Covers all types of loans
  • 02 Surrender value is payable
  • 03 Tax benefits

plan definition

This is a term Life Insurance product aimed to provide protection against loan repayment default due to death. UIN No: 147N002V02

key features

1death benefit

 

In the event of death, the reduced sum assured as per schedule as on death will be paid.

Sum assured will reduce as per loan repayment schedule based on parameters chosen by member. The same will be mentioned in Certificate of Insurance (COI). The outstanding sum assured for the whole coverage year would be equal to the outstanding sum assured at the beginning of the year.

2Surrender benefit

 

Surrender benefit will be available from first year onwards. For further details, please refer to the sales brochure.

3Survival benefit

 

No amount is payable on maturity or survival.

additional resources

product brochure

download pdf

sample contract

download pdf

product disclaimer

read

customer testimonials

eligibility criteria

1 premium payment term

Single

2 entry age (last birthday)

Minimum : 18 years

Maximum : 65 years

3 maturity age (last birthday)

maximum maturity age is 70 years

4 policy term

minimum coverage term : 2 years

maximum coverage term : 30 years

5 sum assured

minimum sum assured is Rs 10,000 per member

6 group size

minimum group size is 50 

customer testimonials

customer testimonials

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