Edelweiss Tokio Life – Group Credit Protection
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 available as per current tax laws
key benefits for this product
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 will be available from first year onwards. For further details, please refer to the sales brochure.
No amount is payable on maturity or survival.
Disclaimer: Edelweiss Tokio Life – Group Credit Protection is only the name of the non-participating term life insurance plan 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.
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.
IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336. UIN: 147N002V02.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/ FRAUDULENT OFFERS
IRDAI clarifies to public that
– IRDAI or its officials do not involve in activities like sale of any kind of insurance or
financial products nor invest premiums.
– IRDAI does not announce any bonus.
– Public receiving such phone calls are requested to lodge a police complaint along with
details of phone call, number.