Zindagi Plus - Customized Term Insurance Plan by Edelweiss Tokio Life
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A term insurance plan to make your zindagi unlimited.
Presenting, the all new Edelweiss Tokio Life Zindagi Plus.
Edelweiss Tokio Life – Zindagi Plus is an innovative and customisable term plan, specially designed to give you a flexible life insurance solution. While providing you a life cover, Zindagi Plus also offers the option of providing your spouse with an additional life cover under the Better-Half benefit option.
It accounts for your growing needs and gives you the option to increase your life cover, year on year with the Top-Up benefit option. You can also enhance your protection with the help of four optional riders.
This plan also provides financial protection against 35 critical illnesses such as Cancer, Heart Attack, Kidney Failure, etc. On diagnosis of one of the listed critical illnesses, future premiums are waived off. Moreover, you get discounted premiums on large sum assured on annualized premiums for base sum assured.
UIN : 147N056V04
Let’s take a look at the case of Amit.
Two years into his marriage, Amit decided to buy a term plan to secure his family’s future. He came across Edelweiss Tokio Life Zindagi Plus, a life insurance plan that not only provided him with a life cover, but also offered an additional life cover for his spouse with the Better Half Benefit option, by paying an additional premium.
On choosing a high sum assured, Amit gets discounted premiums on large sum assured on annualized premiums. He would also get the option to waive off all premiums if diagnosed with any one of the listed 35 critical illnesses with the Waiver of Premium Benefit, at an additional cost.
What also caught Amit’s eye was the fact that Zindagi Plus covered COVID-19 Death claims and offered the choice to go for non-medical underwriting. All these benefits made Zindagi Plus a life insurance plan that seemed flexible and convenient to Amit. He happily bought it to live a Zindagi Unlimited.
Through all your highs and lows, our benefits will protect your Zindagi.
Life Insurance That Covers COVID-19
This term life insurance plan covers death due to any pandemic including COVID-19. It offers two life cover options – Life Cover with Level Sum Assured and Life Cover with Decreasing Sum Assured. Under Life Cover with Level Sum Assured, Base Sum Assured remains the same throughout the policy term. Under Life Cover with Decreasing Sum Assured, full Base Sum Assured continues till the policy anniversary falling immediately after the Life Insured attains the age of 60 years. Starting from the policy anniversary falling immediately after the Life Insured attains the age of 60 years till the end of Policy Term, the Base Sum Assured is reduced by 50%.
Life Insurance That Covers COVID-19
Protect your family’s future with a life insurance plan that covers death due to COVID-19.
Life Insurance That Covers COVID-19
This term life insurance plan covers death due to any pandemic including COVID-19. It offers two life cover options – Life Cover with Level Sum Assured and Life Cover with Decreasing Sum Assured. Under Life Cover with Level Sum Assured, Base Sum Assured remains the same throughout the policy term. Under Life Cover with Decreasing Sum Assured, full Base Sum Assured continues till the policy anniversary falling immediately after the Life Insured attains the age of 60 years. Starting from the policy anniversary falling immediately after the Life Insured attains the age of 60 years till the end of Policy Term, the Base Sum Assured is reduced by 50%.
Better Half Benefit Option
This benefit provides your spouse an additional life cover in case of your demise with no further premiums.
Better Half Benefit Option
Whether your spouse is employed or a homemaker, they deserve the utmost care. With Better Half Benefit Option , we provide your spouse with an additional life cover in case of your unfortunate demise. This way your family gets the enhanced protection they deserve. Better Half Benefit Option can be selected only at the policy inception and if the life insured is married, spouse is of the same age (without considering any setback) or younger than life insured by maximum 10 years and provided that the policy is accepted at standard rates at policy issuance. This additional benefit is available only if the Base Sum Assured is greater than or equal to Rs. 50,00,000.
Waiver of Premium Option
With this benefit, your future premiums get waived off, if diagnosed with any one of the 35 listed critical illnesses.
Waiver of Premium Option
This additional benefit can be selected only at the policy inception. Under the Waiver of Premium Benefit Option , on survival of 30 days post the first diagnosis of the 35 Insured Critical Illnesses during the policy term and while the policy is in-force, all future premiums will be waived off and the benefits of the policy shall continue.
Non-Medical Option
You get the option to select non-medical underwriting up to life cover of Rs.99,99,000.
Non-Medical Option
You can choose the underwriting status as medical or non-medical. The premium rates vary based on the underwriting status opted. For underwriting status non-medical, the maximum sum assured is Rs. 99,99,000 and the maximum entry age is 55.
Discount¹ on High Sum Assured
This plan offers attractive discounts on premiums when you opt for a high sum assured.
Discount¹ on High Sum Assured
Yes, you’re not reading it wrong. We believe in rewarding those who aim higher. That is why we offer discounted premiums on large sum assured on annualized premiums for base sum assured.
1- Avail Large Sum Assured discount on Annualised Premium for Base Sum Assured
Flexible Premium Payment Options
You have the flexibility to choose from multiple premium payment options and premium paying modes.
Flexible Premium Payment Options
You can choose the Premium Payment term between Regular Pay or Pay till 60. By choosing to pay your premiums till you turn 60, you can enjoy a protected and liability-free retired life. Alternatively, you can choose to pay premiums till the end of the policy term, if that suits you better. You can also choose between four premium payment frequencies – monthly, quarterly, semi-annual and annual.
Flexible Benefit Payment Options
Choose death benefit payment mode options between Lumpsum, Monthly Income or Lumpsum plus Monthly Income.
Flexible Benefit Payment Options
Death Benefit will be payable in Death Benefit Payment mode selected by you and as described below:
- Lumpsum: Death Benefit will be payable in lumpsum
- Monthly Income: A specific percentage of Death Benefit will be payable every month for the fixed number of months (36, 60 or 120) starting from next policy monthiversary from the date of death.
Level monthly income: The monthly income will remain constant.
Increasing monthly income: The monthly benefit will increase annually @ 5.00% per annum (compounded).
Tax Benefits²
You can avail tax benefits on premium paid u/s 80(C) and on benefit received u/s 10(10D).
Tax Benefits²
The tax benefits under this Policy may be available as per the prevailing Income Tax laws in India and any amendment(s) made thereto from time to time.
2- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
Here are the rules! Ask us if any doubts.
Under this additional benefit, at every policy anniversary after the first, Top-up sum assured will get added to the policy. The continuation of this can be according to either of the following:
- Till the policy anniversary that falls before you turn 60 years old
- Till the outstanding policy term is less than 5 years
- Till the policy anniversary at which the cumulative Top-up sum assured becomes equal to the Base Sum Assured
- Till the date of your death.
The continuation of this benefit depends on whichever of the above options occurs earlier. Top-up Rate can only be selected at policy inception and is 5% or 10% as per your choice.
- Life Cover with Level Sum Assured: Under this plan option, the sum assured remains same throughout the policy term.
- Life Cover with Decreasing Sum Assured: Under this plan option, the end amount continues as it is till age 60 of the Life Insured, and decreases by 50% thereon, till the end of Policy Term. This will have no effect on the premium.
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 Rs. 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. This may vary according to the type of plan that you have purchased. These are as follows:
- Life Cover with Level Sum Assured and Regular Pay - 60 yrs.
- Life Cover with Level Sum Assured and 'Pay Till 60' Payment Option - 50 yrs.
- Life Cover with Decreasing Sum Assured and Regular Pay - 55 yrs.
- Life Cover with Decreasing Assured and 'Pay Till 60' Payment Option - 50 yrs.
For a Regular Pay policy, the shortest policy term is 10 years. In case you have opted for the “Pay till 60” policy, the shortest policy term is 15 years.
The longest policy term for any variant in this policy is 62 years.
For a Regular Pay plan, you need to pay your premiums for the same duration as that of your policy term. For the “Pay till 60” variant, the no. of years for which you need to pay the premium is calculated through the formula:
Pay till 60: (60 - Age at entry + 1) yrs.
You can decide to pay your premiums yearly, half yearly, quarterly or monthly.
The minimum time for your policy to reach maturity depends on the type of plan you have selected. Keeping that in mind, the minimum maturity age for your policy will be as follows:
Life Cover with Level Sum Assured and Regular Pay - 28 yrs.
Life Cover with Level Sum Assured and 'Pay Till 60' Payment Option - 65 yrs.
Life Cover with Decreasing Sum Assured and Regular Pay - 65 yrs.
Life Cover with Decreasing assured and 'Pay Till 60' Payment Option - 65 yrs.
The maximum maturity age is 80 yrs.
You need to be at least 18 years of age to get this policy. The maximum age at which you can get it depends on the type of plan you are opting for. Thus, the maximum age at which you can get this policy is as follows:
- Life Cover with Level Sum Assured and Regular Pay - 65 yrs.
- Life Cover with Level Sum Assured and 'Pay Till 60' Payment Option - 50 yrs.
- Life Cover with Decreasing Sum Assured and Regular Pay - 55 yrs.
- Life Cover with Decreasing assured and 'Pay Till 60' Payment Option - 50 yrs.
In case you have opted for a feature like the Better Half Benefit, Top Up Benefit or Life Stage Benefit, then the minimum sum assured is Rs. 50 lakhs. For all other scenarios, the minimum sum assured 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.
The 35 listed Critical Illnesses under Waiver of Premium Benefit are:
- Cancer of specified severity.
- Myocardial Infarction (First Heart Attack – of Specified Severity)
- Open Heart Replacement or Repair of Heart Valves
- Surgery to Aorta
- Cardiomyopathy
- Primary Pulmonary (idiopathic) Hypertension
- Open Chest CABG
- Blindness
- End Stage Lung Failure
- End Stage Liver Failure
- Kidney Failure Requiring Regular Dialysis
- Major Organ/ Bone Marrow Transplant
- Apallic Syndrome
- Benign Brain Tumor
- Coma of specified Severity
- Major Head Trauma
- Permanent Paralysis of Limbs
- Stroke resulting in permanent symptoms
- Alzheimer’s Disease
- Motor Neuron Disease with Permanent Symptoms
- Multiple Sclerosis with Persisting Symptoms
- Muscular Dystrophy
- Parkinson’s Disease
- Loss of Independent Existence
- Loss of Limbs
- Deafness
- Loss of Speech
- Systemic lupus Erythematosus with Renal Involvement
- Third Degree Burns
- Aplastic Anemia
- Bacterial Meningitis
- Creutzfeldt-Jacob Disease
- Encephalitis
- Rheumatoid arthritis
- Poliomyelitis
of 30 days in case of electronic policies and policies obtained through distance
mode, if you disagree with any of the terms and
conditions by giving us written reasons for your objection. On receipt of your letter
along with the original Policy Document, we shall refund the premium received
after deducting stamp duty charges, proportionate risk premium for the period of
cover and medical expenses (if any).
Additional resources
