Edelweiss Tokio Life – Total Secure+ is a comprehensive online term plan which provides life cover with an option to cover up to 35 critical illnesses. This online term insurance plan comes with multiple customizable options including life cover, critical illness benefit, policy term, premium paying term and benefit payout options. UIN: 147N036V01
online term plan with basic life cover
This term plan provides option to choose life cover upto age 80.
cover against 35 critical illnesses
Basic health cover provides protection against 7 critical illnesses while comprehensive health cover provides protection upto 35 critical illnesses. Get accelerated critical illness benefit upto Rs. 1 crore.
flexible death benefit payout options
* regular income - level or increasing
* a combination of lumpsum and regular income
key benefits for this product
Edelweiss Tokio Life – TotalSecure+ is a comprehensive protection plan that provides complete protection - Life Cover as well as cover against Critical Illnesses, thus providing a complete security to your family. You can customise this plan by choosing a convenient Premium Payment Term, the Benefit Option and the Death Benefit payment mode.
For Basic life cover:
• Single Pay
• Limited Pay (5, 10, 15, 20, 25)
• Regular Pay
For Basic and Comprehensive health cover:
On occurrence of any of the illnesses specified in the policy, the policyholder will receive a payout of the critical illness sum as lumpsum. The critical illness cover will be terminated, but the policy will continue with the base sum assured reduced by the amount of critical illness claim amount paid. Future premiums payable under the policy for death benefit will be reduced proportionately.
This term plan provides tax benefits as per conditions applicable under Income Tax Act, 1961 as under
For Life cover: Under section 80C and section 10 (10D) of Income Tax Act,1961
For Life Cover with Basic Health Cover: Under section 80D for premium paid towards Basic Health Cover and section 80C and section 10 (10D) of Income Tax Act, 1961 for premium paid towards Life Cover.
For Life Cover with Comprehensive Health Cover: Under section 80D for premium paid towards Comprehensive Health Cover and section 80C and section 10 (10D) of Income Tax Act, 1961 for premium paid towards Life Cover
Tax benefits are subject to change in the tax laws.
This Term plan offers different riders to choose for the online insurance policy to make this term plan more comprehensive.
You can choose:
• For how many months the death benefit should be paid (Option of 36, 60, 120 and 180 months)
• Whether the monthly payments need to be in equal monthly sum / increasing monthly sums.
Under the increasing income option the monthly benefit will increase annually @ 5.00% per annum (compounding).