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Reasons Why This Plan Cares For Your Protection Needs

  • It’s Easy on Your Pocket!

    This plan provides a cost-friendly solution to protect your aspirations for your loved ones.

  • Choose a Liability-free Retirement

    This plan offers a Limited Pay option where you can pay your premiums in 5,10 or 15 years and stay protected till 70 years of age.

  • Discounts⁴ on Higher Sum Assured

    Reach for the stars and get rewarded! Get higher discounts⁴ when you opt for a higher sum assured.

  • No Tobacco, No Worries

    Non-tobacco users are offered discounted⁴ premium rates when they opt for a Sum Assured of Rs. 25 lakhs and more.

Choice of 4 Riders⁹

  • Accidental Death Benefit Rider

    This rider provides financial security in the form of an additional life cover to your loved ones in case of demise due to an accident.


  • Accidental Total and Permanent Disability Rider

    With this rider, you can get a lump sum amount to manage your expenses in case total or permanent accidental disability has hindered your earning capacity.


  • Critical Illness Rider

    In case you are diagnosed with one of 12 listed critical illnesses, this optional benefit will provide you 100% of the Rider Sum Assured after 30 days of diagnosis.


  • Waiver of Premium Rider

    In case of critical illness, accidental total and permanent disability or death, get all future premiums waived off through this optional benefit.


Protect yourself in 4 easy steps!

1

Start Your Edelweiss Tokio Life Protection Journey!

  • Choose your Sum Assured
  • Calculate your premium amount
2

Make A Few Decisions

  • Pick your preferred Policy Term
  • Pick your preferred Policy Paying Term
  • Choose your nominee
3

Customize Your Plan

  • Enhance your plan with the help of Riders
  • 4 riders available with this plan
4

Sit Back and Relax!

  • Submit the requested documents
  • Let us verify your details so we can start your plan!

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Fire Away Queries

Like teachers say, there are no silly questions

Why do I need a term insurance plan?

Every increase in your income leads to an enhanced lifestyle for you and your family. It is important that this financial support is secured in case of an unfortunate event. A term insurance plan ensures that in a scenario where the breadwinner is no more, his/her dependents are provided financial support required to maintain their lifestyle and pay off liabilities.

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Why do I need a limited pay term insurance plan?

With a limited pay term insurance plan, you get the freedom to pay off your premiums within a shorter duration. The premium payment term can range from 5, 7, 10, 15 and 20 years. This will allow you to pay off your insurance premiums well before your retirement age and enjoy a hassle-free retired life. Also, the cumulative premium paid with a Limited Pay plan, is lesser than the cumulative premium otherwise.

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Does this plan cover COVID-19 claims?

Yes, this plan covers COVID-19 claims.

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Are there any discounts offered with this plan?

Discounts are available for Non-Tobacco users and those who opt for Higher Sum Assured. 

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What is the minimum and maximum sum assured?

The minimum sum assured is Rs. 15,00,000 and there is no limit on the maximum sum assured value. It is subject to board-approved underwriting policy on the basis of your age & income.

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What is the minimum and maximum policy term?

The minimum policy term is 10 years and maximum policy term is 30 years. 

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How long do I need to pay my premiums and at what frequency?

You can pick between Single Pay - a one time payment, or spread your payment out in installments. In this, the Regular Pay option lets you make Annual payments and the Limited Pay options lets you complete your payments over a span of 5, 10 or 15 years. 

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What is the minimum and maximum maturity age?

The minimum maturity age is 28 years and the maximum maturity age is 70 years for this plan. 

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What is the minimum and maximum entry age?

The minimum entry age for this plan is 18 years and the maximum entry age is 60 years. 

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What is a Rider?

A rider is an additional benefit that you can opt for, to enhance your plan 

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What are the riders available with this plan?

You can choose between Accidental Death Benefit Rider, Accidental Total and Permanent Disability Rider, Critical Illness Rider and the Waiver of Premium Rider.

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Does this plan have a Maturity Benefit?

Since this is a Life Insurance product, there are no Maturity Benefits. 

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Does this plan have a Free Look Period?

The free look period offered is 15 days from the date of receiving your policy. For policies sold through distance marketing, the free look period is 30 days.

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Are there any Exclusions to this plan?

In case of death due to suicide within 12 months from the Risk Commencement Date or from the date of Revival of the policy, your Nominee or the Beneficiary you have chosen shall be entitled to at least 80% of the total Premiums paid, provided the Policy is in force.

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Does this plan have a Grace Period?

If the premium is not received in full by the premium paying due date, then we will allow a Grace Period of 15 days for monthly premium paying mode and 30 days for non-monthly premium paying mode during which you must pay the premium due in full. The Policy will be In-force during the Grace Period and all benefits will be applicable during this time. 

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Additional Resources

0-Provided the premium paying term is more than or equal to 10 years.

3- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.

4- Refer product brochure for more details

9- Riders are available at extra cost.

Edelweiss Tokio Life- Protection is only the name of an Individual, Non-Linked, Non-Par, Pure Risk Premium, Life Insurance Product and does not in any way indicate the quality of the contract, 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.

IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336. UIN: 147N007V03.

ARN No : WP/1411/Feb/2021

 

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