Edelweiss Tokio Life – Group Credit Protection Plan

Edelweiss Tokio Life – Group Credit Protection

plan overview

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

  • Covers all types of loans

    Covers all types of loans - personal, home, car, agriculture, credit card, education and any other loan.

  • Surrender value is payable

    Surrender benefit will be available from first year onwards. A surrender value is payable as per the certificate of insurance, details of which are mentioned in sales brochure.

  • Tax benefits

    Tax benefits available as per current tax laws

key benefits for this product

  • death 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.

  • Surrender benefit

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

     

  • Survival benefit

    No amount is payable on maturity or survival.

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  • 15k 50L
quote for edelweiss tokio life - wealth builder
7,00,000 sum assured
5,51,910 maturity benefit
  • 15k 50L
quote for edelweiss tokio life - Gcap
7,00,000 sum assured
  • 5L 1Cr
  • 5yr 30yr
quote for criticare +
rs2753 annual premium
  • 25K 50L
  • 2.5L 6.25L
quote for wealth accumulation
rs14154326
maturity benefit (4%) edit
  • 25L 10Cr
quote for mylife+
rs5,403 annual premium
life cover : 1 crore
critical illness cover : 10 lacs
policy term :
premium paying term : regular

life cover

protection at affordable rates

life & basic health cover

term plan with protection aganist 7 critical illnesses

life & comprehensive health cover

recommended term plan with protection aganist 35 critical illnesses

* annual premium inclusive of taxes

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