Zindagi Plus - Customized Term Insurance Plan by Edelweiss Tokio Life

  • RECENTLY VIEWED BY 10810 people

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.

    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.

    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.

    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.

Check out our features

Through all your highs and lows, our benefits will protect your Zindagi.

Life Insurance That Covers 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%.

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

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

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

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

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

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

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

Flexible Benefit Payment Options

Death Benefit will be payable in Death Benefit Payment mode selected by you and as described below:

  1. Lumpsum: Death Benefit will be payable in lumpsum
  2. 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

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.

Check if you are eligible for this product

Here are the rules! Ask us if any doubts.

Does this plan offer any discounts?
Yes, this plan offers...
Yes, this plan offers discounts on annualized premiums when you opt for a high sum assured.
Are medicals mandatory to get this plan?
You can choose the underwriting status...
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.
What is Waiver of Premium Benefit?
This additional benefit can be...
This additional benefit can be selected only at the policy inception. If you opt for this, on survival of 30 days post diagnosis of any of the 35 listed Critical Illnesses during the policy term and while it is in-force, all future premiums will be waived off and the policy benefits shall continue.
What is Top-Up Benefit?
Under this additional benefit, at every policy anniversary...

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.

What are the different plan options?
Life Cover with Level Sum Assured...
  1. Life Cover with Level Sum Assured: Under this plan option, the sum assured remains same throughout the policy term.
  2. 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.
What is a term insurance plan?
Every increase in your income leads to an enhanced lifestyle...
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 dependents are provided the financial support required to maintain their lifestyle.
Why should I opt for Edelweiss Tokio Life Zindagi Plus?
Edelweiss Tokio Life – Zindagi Plus is a life insurance plan....
Edelweiss Tokio Life – Zindagi Plus is a life insurance plan designed to provide comprehensive protection to your family. It also ensures that the family remains well protected even if the main bread earner of the family isn’t around.
Why should I opt for Edelweiss Tokio Life Zindagi Plus?
Edelweiss Tokio Life – Zindagi Plus is a life insurance plan....
Edelweiss Tokio Life – Zindagi Plus is a life insurance plan designed to provide comprehensive protection to your family. It also ensures that the family remains well protected even if the main bread earner of the family isn’t around.
Why should I opt for Edelweiss Tokio Life Zindagi Plus?
Edelweiss Tokio Life – Zindagi Plus is a life insurance plan....
Edelweiss Tokio Life – Zindagi Plus is a life insurance plan designed to provide comprehensive protection to your family. It also ensures that the family remains well protected even if the main bread earner of the family isn’t around.
Does this plan cover COVID-19 claims?
Yes, this plan covers death due to COVID-19
Yes, this plan covers death due to COVID-19
What is Better Half Benefit?
This Additional Benefit provides life cover...

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
What can be the minimum and maximum age of my spouse to get the Better-Half Benefit?
The minimum age of your spouse can be 18 years...

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.
What is the minimum and maximum policy term?
For a Regular Pay policy, the shortest policy...

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.

How long do I need to pay my premiums and at what frequency?
For a Regular Pay plan...

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.

What is the minimum and maximum maturity age?
The minimum time for your policy...

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.

What is the minimum and maximum entry age?
You need to be at least 18 years of age...

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.
What is the minimum and maximum sum assured?
In case you have opted for a feature like...

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.

What are the 35 listed Critical Illnesses under Waiver of Premium Benefit?
The 35 listed Critical Illnesses...

The 35 listed Critical Illnesses under Waiver of Premium Benefit are:

  1. Cancer of specified severity.
  2. Myocardial Infarction (First Heart Attack – of Specified Severity)
  3. Open Heart Replacement or Repair of Heart Valves
  4. Surgery to Aorta
  5. Cardiomyopathy
  6. Primary Pulmonary (idiopathic) Hypertension
  7. Open Chest CABG
  8. Blindness
  9. End Stage Lung Failure
  10. End Stage Liver Failure
  11. Kidney Failure Requiring Regular Dialysis
  12. Major Organ/ Bone Marrow Transplant
  13. Apallic Syndrome
  14. Benign Brain Tumor
  15. Coma of specified Severity
  16. Major Head Trauma
  17. Permanent Paralysis of Limbs
  18. Stroke resulting in permanent symptoms
  19. Alzheimer’s Disease
  20. Motor Neuron Disease with Permanent Symptoms
  21. Multiple Sclerosis with Persisting Symptoms
  22. Muscular Dystrophy
  23. Parkinson’s Disease
  24. Loss of Independent Existence
  25. Loss of Limbs
  26. Deafness
  27. Loss of Speech
  28. Systemic lupus Erythematosus with Renal Involvement
  29. Third Degree Burns
  30. Aplastic Anemia
  31. Bacterial Meningitis
  32. Creutzfeldt-Jacob Disease
  33. Encephalitis
  34. Rheumatoid arthritis
  35. Poliomyelitis
Does this plan have a Maturity Benefit?
As this is a pure term plan...
As this is a pure term plan, no benefit is payable on maturity.
Does this plan have a Free Look Period?
The free look period offered is 15 days...
You may return the Policy within 15 days of receipt of the Policy and period
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).
Customer Testimonials

Our customers shared their thoughts

Additional resources

Product brochure view & download pdf
Sample contract view & download pdf
Product disclaimer read more