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Life Cover

25L50L1 Cr.10 Cr.

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Why Edelweiss Tokio Life – Total Protect Plus

 

Edelweiss Tokio Life – Total Protect Plus is a Life Insurance plan designed to fulfil protection needs for you and your family. It gives a financial cushion to your life, which takes care of you, your spouse and child. Additionally, you can opt to enhance your protection against critical illness, accidents, disabilities, hospitalization and others, with five Riders.8

Reasons Why You’ll Love This Plan

Whole Life Protection

Protect your family’s financial future with life cover upto age 100, which includes death claims due to pandemics, such as COVID-19.

1 Plan, 2 Life Covers

One Plan. Two Life Covers.

Option to cover your spouse under the same plan, wherein upon your demise, an additional 50% Life Cover commences, and future premiums are waived off.

Protection for Your Junior

Option to increase base sum assured from 10% to 100% for additional Life Cover to secure your little one’s growing years till he / she turns 25 years of age.

6% Discount on Medicals Done Early

Discount on 1st Year Premium

6% Discount on first-year premium, if your medical tests are completed within 7 days from the date of purchase (login).

Additional Protection for Your Child

Enhanced Protection with Riders⁸

Additional protection against Critical Illness, Accidents, Disability, Hospitalization and others, with 5 optional Riders.

Tax Benefits3

Premiums paid towards this plan are eligible for deduction u/s 80(C) and benefit received u/s 10(10D).

Whole Life Protection

Protect your family’s financial future with life cover upto age 100, which includes death claims due to pandemics, such as COVID-19.

1 Plan, 2 Life Covers

One Plan. Two Life Covers.

Option to cover your spouse under the same plan, wherein upon your demise, an additional 50% Life Cover commences, and future premiums are waived off.

Protection for Your Junior

Option to increase base sum assured from 10% to 100% for additional Life Cover to secure your little one’s growing years till he / she turns 25 years of age.

6% Discount on Medicals Done Early

Discount on 1st Year Premium

6% Discount on first-year premium, if your medical tests are completed within 7 days from the date of purchase (login).

Additional Protection for Your Child

Enhanced Protection with Riders⁸

Additional protection against Critical Illness, Accidents, Disability, Hospitalization and others, with 5 optional Riders.

Tax Benefits3

Premiums paid towards this plan are eligible for deduction u/s 80(C) and benefit received u/s 10(10D).

Did You Know?

Purchase of term policies have surged by 25% since the outbreak of COVID-19 pandemic. This proves the increased need of protection.#1

With evolving times, especially with the number of working couples rising, the need for joint life covers is also increasing.#2

More people are buying bigger life insurance covers, post COVID-19. This means people are not just looking for protection, but adequate protection.#3

Choice of 5 Riders⁸

  • Waiver of Premium Rider

    This rider waives off all future premiums in case of critical illness, accidental total and permanent disability or death.


  • Critical Illness Rider

    This rider provides for a lumpsum amount on diagnosis of one of the 12 listed critical illnesses.


  • Accidental Death Benefit Rider

    This rider comes into effect if in case of death due to accident. This benefit is also payable in lumpsum.


  • Accidental Total and Permanent Disability Rider

    This rider caters to immediate expenses in case your income earning capacity is compromised due to an accidental disability.


  • Hospital Cash Benefit Rider

    This rider provides for daily allowance as well as post-hospitalization benefits, in case you, the policyholder, is hospitalized.


What Makes Edelweiss Tokio Life Your Ideal Partner?

Asia's Best Insurance Company

Asia's Best Insurance Company Award for CSR Activity & Digital Sales Channel^¹

97.01% Claim Settlement Ratio˜

Our Promise of Integrity - 97.01% Claim Settlement Ratio for FY 2021.

Life Insurance Company of the Year

BFSI Excellence - Life Insurance Company of the Year 2021^²

Best Customer Experience

Best Customer Experience & Contact Center Management - Life Insurance 2021^³

Frequently Asked Questions

Like teachers say, there are no silly questions

What are the different plan options available?

The different Plan Options of Edelweiss Tokio Life – Total Protect Plus, are as follows:
1. Life Cover Option - Get Total Security for your loved ones till 100 years of age
2. Return of Premium Option - Get return of premium upon survival of policy maturation
3. Live Long Option - Get Income Pay-outs at your preferred age and chosen rate

In addition, you also have the option to choose the following Additional Benefits.
1. Child’s Future Protect Benefit - Get an additional sum assured in the same plan, that secures your child’s dreams
2. Better Half Benefit - Get additional cover for your spouse in the same plan, that gives them financial assistance when you’re not around

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What is the Better Half Benefit option?

This Additional Benefit provides cover for the Spouse of the Life insured only after the death of the Life Insured. This benefit gets triggered on the death of the Life Insured. This Additional Benefit is available only if the Base Sum Assured is greater than or equal to Rs. 50,00,000.

The minimum and maximum entry age for Spouse will be 18 years and 65 years (age last birthday) respectively. The coverage term for this Additional Benefit will be equal to lower of the Policy Term or (85 less Entry Age of the Spouse) or (85 less Entry Age of the Life Insured).

Life cover will commence on the life of your spouse with Better Half Benefit sum assured and will continue for the remaining policy term or till the period your Spouse attains age 85 years (age last birthday) or till the period Life Assured would have attained age 85 years (age last birthday), whichever is lower. ‘Better Half Benefit’ Sum Assured is 50% of the Base Sum Assured, subject to maximum of Rs. 1 crore. This benefit will be paid as per the Death Benefit Payment mode selected by you.

Some compulsory criteria to opt for this benefit:
● You should be married
● The age difference between you and your spouse is less than or equal to 10 years
● The policy is accepted at standard rates at policy issuance

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What is the Child Future Protect Benefit?

Under this additional benefit, you can secure your child’s future by increasing the base sum assured with an Additional Sum Assured. This amount could range between 10% to 100% of your Base Sum Assured, in multiples of 10%. This benefit will be available only during the Child Coverage Term, which is equal to ‘25 minus Child’s Age (age last birthday) at the inception of the policy.

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Does this plan cover COVID-19 claims?

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

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What are the Death Benefit payout options available?

Payout options for the Death Benefit need to be decided during the inception of the plan. The payout is available in three modes, which as as follows:

● Lumpsum - Entire payout available in one go
● Monthly Income - A percentage of Death Benefit will be payable every month for the fixed number of months
● Lumpsum plus Monthly Income - Some portion of the payout is received at once, the rest is dispensed in the form of regular installments.

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What is the minimum and maximum sum assured?

In case you have chosen the Life Cover Option, the minimum sum assured applicable is Rs. 25,00,000. For the Return of Premium Option, the minimum sum assured applicable is Rs. 10,00,000 and with the Live Long Option, the minimum sum assured applicable is Rs. 25,00,000.
For maximum sum assured, there is no upper limit on the base sum assured, as it is subject to Board Approved Underwriting Policy.

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What is the minimum and maximum age of the spouse to opt for the Better Half Benefit option?

The minimum age of your spouse should be 18 years, and maximum is 65 years, to avail the Better Half Benefit option.

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What is the minimum and maximum policy term?

For 5 Pay, 7 Pay and Regular Pay options, the minimum policy term is 10 years. For 10 Pay, 15 Pay and 20 Pay, it is 15, 20 and 25 respectively.
In case you have opted for the Live Long Option, for 5 Pay, 7 Pay, 10 Pay & 15 Pay, the minimum policy term is 20 years. For 20 Pay, the minimum policy term is 25 years.
The maximum policy term is 100 years less age at entry, for any plan option selected.

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What is the minimum premium amount and different payment frequencies?

For all plan variants, the minimum Annual premium amount is Rs. 3,000. For the Semi - Annual payment, the minimum premium amount is Rs. 2,000. The minimum Quarterly premium payment is Rs. 1,250 and the same for Monthly premium is Rs. 300.

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What is the minimum and maximum maturity age?

The minimum maturity age is 28 years for Life Cover & Return of Premium options. In case you have chosen the Live Long Option, the minimum maturity age for your plan to mature, will either be 70 years or 75 years. The maximum maturity age for all plan variants is 100 years. All these ages are as per last birthday.

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What is the minimum and maximum entry age?

The minimum age to avail of this policy is 18 years. The maximum age at which you can avail it depends on the type of benefits you are opting for. Thus, the maximum age at which you can get this policy is as follows:

● Life Cover Option with Limited Pay- 65 yrs.
● Life Cover Option with Regular Pay - 55 yrs.
● Return of Premium Option with Limited Pay - 60 yrs.
● Return of Premium Option with Regular Pay - 50 yrs.
● Live Long Option with Income Pay-out at 60 yrs - 50 yrs.
● Live Long Option with Income Pay-out at 65 yrs - 55 yrs.

For underwriting status non-medical, the maximum entry age is 55 or as mentioned above

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Are there any exclusions to this plan?

In case of death due to suicide within 12 months from the Risk Commencement Date or from the date of Revival of the policy, your Nominee or the Beneficiary you have chosen shall be entitled to at least 80% of the total Premiums paid, provided the Policy is in force.
In case you have opted for Better Half Benefit, the following exclusions are applicable:



1. If your Spouse dies before you, this benefit will not be applicable.
2. In the event of simultaneous death of you and your Spouse, Better Half Benefit is not applicable.
3. Post death of the Life Assured, in case of death of Spouse due to suicide within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the nominee or beneficiary shall receive at least 80% of the total of ‘Better Half Benefit’ premiums paid till the date of death, provided the policy is in force.

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What is the free look period of this policy?

The free look period offered is 15 days from the date of receiving your policy. For policies sold through distance marketing, the free look period is of 30 days.

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Need expert advice?

Videos

˜ Claim statistics are for Financial Year 2020-21 and is computed basis individual claims settled over total individual claims for the financial year. For details, refer to Public Disclosures in our Website.

^ - The word Total Protection is derived from the product name Edelweiss Tokio Life – Total Protect Plus.

+ - Child's Future Protect Benefit is an optional benefit. Please refer sales brochure for more details.

1- This Additional Benefit is available only if the Base Sum Assured is greater than or equal to Rs. 50,00,000. Please refer to sales brochure for more details.

2- Please refer sales brochure for more details.

3- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.

4- Premium calculated is for a 25 year old, male with DOB 01/01/1996, married, non-smoker, for a policy term of 20 years with 1CR life cover, with Better Half Benefit, whose premium is Rs. 5861/year that comes up to Rs.16/day, exclusive of taxes. The distribution channel is Online Sales, UW status is Medical, option chosen is ‘Lumpsum’. Spouse is a non-smoker, female.

5- Premium calculated is for a 25 year old, male with DOB 01/01/1996, single, non-smoker, for a policy term of 20 years with 1CR life cover, whose premium is Rs. 5853/year that comes up to Rs.16/day, exclusive of taxes. The distribution channel is Online Sales, UW status is Medical, option chosen is ‘Lumpsum’.

6- Tax benefit of ₹ 46,800 is calculated at highest tax slab rate of 30% (in addition to income tax, cess of 4% is also applicable) on life insurance premium u/s 80C of ₹ 1,50,000. As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.

8- Riders are Optional and available at extra cost. Please refer rider brochure for more details.

9 - Premiums calculated for male with DOB 01/01/1986 (age-35) and 01/01/1996 (age-25) respectively, non-smokers, married, for policy terms 12 years with Rs. 1CR life cover. The distribution channel is Online Sales; option chosen is ‘Better Half Benefit’ and ‘Lumpsum.

 

 

# The Premium per month will differ since it is calculated basis the age, gender chosen for a healthy non-smoker of policy term of 30 years with Rs. 50 Lacs under life cover option, UW status chosen as Medical, death benefit payment mode chosen as ‘Lumpsum’ and the distribution channel is Online Sales. Monthly Premium displayed are exclusive of taxes.

* The premium per month has been calculated for a healthy person for a life cover of ₹ 1 crore and for a policy term of 30 years under life cover option, UW status chosen as Medical, death benefit payment mode chosen as ‘Lumpsum’ and the distribution channel is Online Sales. Monthly Premium displayed are exclusive of taxes. Premium amount will differ according to the age, gender, consumption of tobacco and benefit option chosen

#1- https://www.moneycontrol.com/news/business/economy/post-covid-19-troubles-recovered-people-find-higher-exclusions-rise-in-insurance-denials-6796311.html

#2- https://economictimes.indiatimes.com/tdmc/your-money/what-is-joint-life-insurance-and-when-to-go-for-it/articleshow/48557213.cms?from=mdr

#3- https://www.thehindubusinessline.com/companies/average-ticket-size-for-life-insurance-increasing-exide-life-ceo/article34632010.ece

 

^¹  - Festival Of Insurance Awards 2020 on Sahara Samay Hindi News Channel on 27th December, 2020 - YouTube. For CSR Activity and Digital Sales Channel (Insurance Alerts Excellence Awards 2020)

^²  - https://cloud-user-recordings-ffmpeg-converted-prod.s3-ap-south-1.amazonaws.com/recordings/ccd117b0-be48-11eb-9782-b590083730e8/3b7e25a3-b9b4-47b0-9f68-70eeb8062d60/ccd117b0-be48-11eb-9782-b590083730e8_0001_474830a2.mp4  (Awarded by Quantic Business Media BFSI Excellence Awards 2021)

^³ -  https://thealdenglobal.com/inflection-conference-awards/

Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider is only an Individual, Non-Linked, Non-Par, Pure Risk Premium, Health Insurance rider. UIN 147B001V03
Edelweiss Tokio Life - Accidental Death Benefit Rider is only the name of an Individual, Non-Linked, Non-Par, Pure Risk Premium, Health Insurance Rider. UIN 147B002V03
Edelweiss Tokio Life - Hospital Cash Benefit Rider is only the name of an Individual, Non-Linked, Non-Par, Pure Risk Premium, Health Insurance Rider. UIN 147B006V03
Edelweiss Tokio Life - Critical Illness Rider is only the name of the Individual, Non-Linked, Non-Par, Pure Risk Premium, Health Insurance rider. UIN 147B005V03
Edelweiss Tokio Life - Waiver of Premium Rider is only the name of the Individual, Non-Linked, Non-Par, Pure Risk Premium, Health Insurance rider. UIN 147B003V04

Disclaimer: Edelweiss Tokio Life – Total Protect Plus is only the name of A Non-Linked, Non-Participating, Individual, Pure Risk Premium/Savings, 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. The tax benefits under this Policy may be available as per the prevailing Income Tax laws in India. For more details on risk factors, terms and conditions please read product brochure carefully before concluding a sale. Flower & Edelweiss are trademarks of Edelweiss Financial Services Limited; Tokio is Trademark of Tokio Marine Holdings Inc. and used by Edelweiss Tokio Life Insurance Co. Ltd. under license.

Edelweiss Tokio Life Insurance Company Limited | IRDAI Regn. No.: 147 | CIN: U66010MH2009PLC197336 | Product UIN: 147N071V01 | ARN : LP/2022/Oct/2021 

Registered & Corporate Office: 6th Floor, Tower 3, Wing ‘B’, Kohinoor City, Kirol Road, Kurla (W), Mumbai 400070.

Toll-Free No.: 1800 212 1212 | Fax No.: +91 22 6117 7833 | www.edelweisstokio.in

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRAUDULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint