Edelweiss Tokio Life – MyLife+ is an online insurance term plan that covers your life and provides security to your family. It is a great opportunity to secure your family at a very competitive price. With cover upto 80 years of age & a flexible payout option, we offer you a value-for-money online insurance term plan. UIN No: 147N027V01
Cover up to 80 years of age with a flexible payout option
multiple payout options
Provides the flexibility to choose the death benefit payout as lumpsum or monthly payout or a combination of both
This product is being offered online. You can choose to protect your family from the comfort of your home.
key benefits for this product
On death of the life assured during the policy term, the payout options:
1) Under lump sum option, a lump sum amount equal to the sum assured will be paid.
2) Under Income benefit option, 1% of sum assured will be paid every month for the next 130 months starting from month after the date of death.
3) Combination of above two as per choice exercised by policyholder.
You can avail tax benefits under Section 80C and Section 10 (10D) of Income Tax Act, 1961.
Tax benefits are subject to change in the tax laws.