Affordable things like a plate of momos and cutting chai make our day! That’s why we made this an affordable life insurance plan.
Yes, we know, it's confusing to go through too many choices in plans. So, we sorted ours out for you into 4 simple choices!
Get excited for the future as your life cover lasts till your 80 with the Edelweiss Tokio Life Simply Protect!
Reach for the stars and get rewarded! Get higher discounts when you opt for a higher sum assured.
Don’t skimp on celebrating your life! There are so many things to do in this world and we want you to experience them without fear. With this plan, get your life insured till you’re 80 years old. So, live your life the way you want, cause we’re there with you to provide support at every turn.
Yes, you’re not reading it wrong. We believe in rewarding those who aim higher. That is why we offer discounts for those who pick higher covers.
Payment plans which are as flexible as rubber bands. Pay according to your comfort level with the Edelweiss Tokio Life Simply Protect. We got three ways you can get your life insurance. The first is to pay the entire premium in one go. You can also stick to the conventional method of regular payments at regular intervals. The third option is to pay until you earn by opting for 5, 10, 15 or 20 year premium payment terms.
You know your family’s needs better than us. Choose from our payout options to help them get the payout in case of death. The first is the lump sum option - that gives them the payout in one go. The other option is the Income option - which gives them the payout through a monthly income. Your payout is divided into payments consisting of 1% of the entire amount and is distributed over a period of 130 months (approximately 11 years)
Everything's better with tax benefits! Premiums paid under this plan are eligible for Tax Benefits under section 80(C). Benefits received upon claim are exempt from taxes under section 10(10D).
Start your Life Insurance journey on the right note with the simple Life Cover option. This is a base variant that will give your nominee the sum assured in the form of a lump sum or through the income benefit depending on the payout option chosen.
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Thanks, all queries resolved in one call to satisfaction. I am rating the services as 10.
Very helpful during call thanks to Ms Ayesha A customer care executive
He was very much clear about the issue and the importance of it.. Thanks rohit
Your customer support is doing excellent job.keep up the good work.
The Customer Care Executive - Ms Afreen Sheikh was very prompt in resolving my query!!
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 the financial support required to maintain their lifestyle.
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.
Securing your family’s financial future should be simple. A low-cost term plan like this, ensures that in the unfortunate event of your death, your family gets the requisite financial support to maintain their lifestyle in the same manner that you would have provided for them.
Yes, this plan covers death due to COVID-19.
There are 4 variants offered with this plan. These include Life Cover - the basic variation, Life Cover with Accidental Death Benefit - the variation with the benefit that offers a pay-out in case of death by accident, Life Cover with Inbuilt Waiver of Premiums on Accident Total and Permanent Disability- the variation that waives off future premium payments in case of permanent disability and Life Cover with Waiver of Life Cover with Inbuilt Waiver of Premiums on Critical Illnesss - the variation that waives off payment of future premiums in case of a critical illness diagnosis.
For most variants, the policy term lasts between 10 to 40 years. In case you have opted for the plan that gives you coverage up to age 80 years, your policy will last for 62 years.
For a Regular Pay option, you need to pay your premiums for the same duration as that of your policy term. For the Limited Pay option, you can choose to pay premiums in 5, 10, 15 or 20 years. There are two premium payment frequencies offered -Annual Mode (yearly payment) or a Single Mode (one-time payment).
The minimum sum assured is Rs. 25,00,000. As for the maximum amount, there is no defined upper limit. It will be subject to Board-approved underwriting policy on the basis of your age & income.
The maximum maturity age is 80 years.
The minimum entry age for this policy is 18 years and the maximum policy term will be 62 years.
Depending on factors like the Sum Assured, Policy Term and Premium Paying Term, we offer discounts on premiums. Attractive premiums are offered for a higher Sum Assured.
There are no Riders available for this plan. Since this plan comes with various inbuilt benefits, there are no additional riders for it.
The pay-out options for getting the Sum Assured are through the Lump sum Option - that offers pay-out in the form of a lump sum payment & Income Benefit Option
Under this option, every month 1% of your sum assured will be given to you. This will last for 130 months and will begin from the policy anniversary month following the date of death.
The following 12 critical illnesses are covered in the Life Cover with Waiver of Future Premiums Payable on Critical Illness:
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 shall be entitled to at least 80% of the total Premiums paid, provided the Policy is in force.
Grace Period for this plan is 30 days. The policy will remain in force during the grace period without losing out on continuity benefits like waiting periods and coverage of pre-existing diseases. Coverage is not available for the period for which no premium is received. If any premium goes unpaid at the end of the grace period, the policy shall lapse.
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 of 30 days.
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3- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
4- Discount for large Sum Assured is available depending on the Sum Assured, policy term and premium paying term.
Edelweiss Tokio Life – Simply Protect 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 plan, its future prospects, or returns. Please know the associated risks and the applicable charges from Us. 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: 147N035V02