Edelweiss Tokio Life – Simply Protect
A Term plan which ensures that in case of a disability or critical illness the future premiums are waived. In such testing times, you have one less thing to worry about i.e. to pay your insurance premium. You can also choose between single pay, limited pay and regular pay options. UIN No: 147N035V01
flexibility of premium paying term
Flexibility to choose the premium paying term from among Single Pay, Limited Pay, and Regular Pay as per your need
four death benefit options
Four death benefit options including accidental total and permanent disability and waiver of future premiums on diagnosis of critical illness
cover up to age 80
Maximum maturity age of 80 years
key benefits for this product
Four (4) death benefit options as follows:
• Life Cover
• Life Cover with inbuilt Accidental Death Benefit
• Life Cover with inbuilt Waiver of Future Premiums payable on Accidental Total and Permanent Disability
• Life Cover with inbuilt Waiver of Future Premiums payable on Critical Illness
Customer can choose any one option. The option has to be chosen at the proposal/application stage and once chosen cannot be changed during the term of the policy.
Under this option, sum assured will be paid in lumpsum.
Income Benefit Option:
Under this option, 1% of sum assured will be payable every month for the next 130 months starting from next policy month anniversary from the date of death.
Tax benefits under the policy will be as per the prevailing Income Tax laws. Tax laws are subject to amendments from time to time. We recommend that you seek professional tax advice for applicability of tax benefits on premiums paid and benefits received.