Prepare for a secured future with life cover up to 85 years!
You can complete all your premium payments in 5, 7, 10, 15 or 20 years and enjoy your plan benefits until the end of the policy term
Give your partner an additional life cover equal to 50% of your cover when you’re no longer around with this optional benefit.
Choose death benefit payment mode options between ‘Lumpsum’ or ‘Monthly Income’ or ‘Lumpsum + Monthly Income’
Better Half Benefit Option
Love that lasts long! Opt for Better Half Benefit Option to make sure you always have your partner’s back. This provides your spouse an additional life cover of 50% on your base sum assured, when you’re not around.
Pay for 5 and stay covered till 85! You can decide to make your premium payments via the option of Limited Pay – complete your payments in 5, 7, 10, 15 or 20 years and enjoy your plan benefits till 85 years.
Life cover jo chalta rahe! This plan will look out for you for a long time by providing you with a life cover till 85 years of age.
Payment Mode Options
Pick the most appropriate way to receive the death benefit payment. With this plan, you can choose from 3 different payout options to receive the death benefit. The first is through a lump sum payment, the second is through monthly installments and the third is through monthly installments with a lump sum payment.
With this rider, you can get a lump sum amount to manage your expenses in case total or permanent accidental disability has hindered your earning capacity.
In case you are hospitalized, for any necessary treatment of an illness or injury this rider will provide you with a daily allowance as well as post hospitalization benefits.
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He was very much clear about the issue and the importance of it.. Thanks rohit
Your customer support is doing excellent job.keep up the good work.
100% satisfactory. Thanks to Edelweiss tokyo and its hard working staff.
100% satisfactory. Thanks and regards to the mam who handled my query and thanks to edelweiss tokyo for giving good services.
Very helpful during call thanks to Ms Ayesha A customer care executive
Every increase in your income leads to an enhanced lifestyle for you and your family. It is important that this financial support is secured in case of an unfortunate event. A term insurance plan ensures that in a scenario where the breadwinner is no more, his/her dependant(s) are provided financial support required to maintain their lifestyle and pay off liabilities.
With a limited pay term insurance plan, you get the freedom to pay off your premiums within a shorter duration. The premium payment term can range from 5, 7, 10, 15 and 20 years. This will allow you to pay off your insurance premiums well before your retirement age and enjoy a hassle-free retired life. Also, the cumulative premium paid with a Limited Pay plan, is lesser than the cumulative premium otherwise.
Yes, this plan covers COVID-19 claims.
In case you have opted for a feature like the Better Half Benefit then the minimum sum assured you will get is Rs. 50 lakhs. For all other scenarios, the minimum sum assured you will get is Rs. 25 lakhs.
As for the maximum amount, there is no defined upper limit. It will be subject to Board-approved underwriting policy on the basis of your age & income. In case you have opted for the Better Half Benefit, the maximum Sum Assured is Rs. 1 Cr.
This Additional Benefit provides life cover for your spouse which gets triggered in case of your unfortunate death. This additional benefit is available only if the Base Sum Assured is greater than or equal to `50, 00,000. Better Half Benefit sum assured is 50% of the Base Sum Assured or Rs. 1 crore, whichever is lower. No more future premiums will be required to be paid. This benefit can be selected only at the policy inception and if it meets the following requirements:
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
The minimum age of your spouse can be 18 years and the maximum age your spouse can get the Better-Half Benefit is 65 years.
The minimum policy term is dependent on the premium paying term (PPT). For a PPT of 5 and 7 years the minimum policy term is 10 years, for a PPT of 10 years has the minimum policy term of 15 years. The minimum policy term for a PPT of 15 years is 20 years and that of a PPT of 20 years is 25 years. The maximum policy term for this plan is 85 years less age at entry of Life Insured (age last birthday)
You can spread out your premium payments over 5, 10, 15 and 20 years and can make them on an Annual, Semi-Annual, Quarterly and Monthly basis.
The minimum maturity age of this plan is 28 years and the maximum maturity age is 85 years
The earliest you can get this plan is 18 years and the latest you can get the Base variant is the 65 years. The maximum entry age for the Better Half Benefit is also 65 years.
A rider is an additional benefit that you can opt for, to enhance your plan You can choose between Accidental Death Benefit Rider, Accidental Total and Permanent Disability Rider, Hospital Cash Benefit Rider, Critical Illness Rider and the Waiver of Premium Rider.
As this is a pure term plan, no benefit is payable on maturity.
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 30 days.
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.
If the premium is not received in full by the premium paying due date, then we will allow a Grace Period of 15 days for monthly premium paying mode and 30 days for non-monthly premium paying mode during which you must pay the premium due in full. The Policy will be In-force during the Grace Period and all benefits will be applicable during this time.
We Aim to Make Zindagi Unlimited
Love with a pledge #NoMoreWaiting
Life Insurance is a Priority!
Dedicated to the smiling families
Because, you are UNLIMITED!
3- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
9- Riders are available at extra cost.
Edelweiss Tokio Life - MY TERM PLUS is only the name of the Individual, Non-Linked, Non-Par, 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. 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: 147N063V01.