“The Purpose of our lives is to be happy” – Dalai Lama
As a family person, you are concerned not just with your own happiness but also the happiness of your family and loved ones. One of the best ways to ensure that your family’s happiness and financial well-being is always taken care of is to buy a term life insurance plan.
Term insurance is a type of life insurance policy that provides coverage for a certain period or a specified "term" of years. Term insurance or term plan helps in securing the future of your family and financial dependents in case of death. If an unfortunate event occurs to the policyholder during the policy term, the nominee receives the cover amount also known as a death benefit or sum assured. The premium of term insurance is calculated based on the individual's health, age, gender, whether the insurer is a smoker or non-smoker, policy term, and the sum assured selected.
In a term plan, the policyholder has to pay a specific premium amount for getting insurance coverage for a pre-defined tenure. If the policyholder passes away during this term, their beneficiaries will get the sum assured. If they survive, no maturity/survival benefit is paid out to the policyholder.
As the Covid-19 pandemic has taken over the world, it has become important to ensure the financial safety of your loved ones. With a term insurance plan, you will be at peace knowing that if something unfortunate happens to you, your family can lead a financially secured and dignified life in your absence.
It is a basic and simple form of term insurance where the life cover remains level or the same throughout the policy term.
Policyholders get the option of increasing sum assured annually or after specific events, such as marriage or childbirth.
These plans come with optional riders like accidental death cover, critical illness, etc. which enhance the coverage of the plan.
In TROP plans, the sum of all the premiums paid towards the plan are provided as maturity/survival benefits if the policyholder survives the policy term.
If you have decided to purchase a term insurance plan, you must understand how much insurance coverage you will need. To calculate your insurance coverage requirement, you can follow the steps listed below:
You must calculate the amount that is required for running your household smoothly. It will include factoring in different monthly bills, groceries, children’s education etc. After you get a clear understanding of the amount, you must account for it in the insurance coverage. Your family should be able to take care of their day-to-day needs comfortably, even in your absence.
Outstanding financial liabilities will include any of your loans, debts or financial liabilities that are yet to be paid. It is essential to include them in your insurance coverage, to ensure that the burden of loan repayment doesn’t befall your family.
Children’s higher education, their marriage, buying a house, loan repayment, etc. are major goals in an individual’s life. Determine the money that will be required to fulfil these goals and ensure that you account for it in your term plan cover.
Learn about the funds your spouse will require when they retire. This will allow them to lead an independent and financially secured post-retirement life, even in your absence.
Calculate your funds in investment instruments, especially liquid investments. The total amount of these liquid financial assets can be deducted from the calculation as your family can access them anytime.
A term plan calculator is a tool that insurance providers offer to help potential customers calculate the premium amount they have to pay for the term plan. To use the calculator, you will have to input the necessary information and the calculator will churn out the term plan premium payable for the coverage of your choice.
For the main earning member of the family, the feeling of being secured even in a situation of an adverse event makes him confident and prepared for the future. This is one of the main reasons why you should buy a term insurance plan.
Here are 5 other equally important reasons why everyone should buy a term insurance plan:
The Premium amount paid for term insurance is covered under tax benefits³ (under Section 80C), which helps you in saving money.
You can select how the policy proceeds can be disbursed in case of your death. Some term plans offer monthly payouts where the sum assured amount can be given as a family income benefit to provide the regular cash flow to your dependents.
Even though choosing the best term insurance policy is a simple process and most term plans provide basic life cover, some also come with the option of getting add-ons. For example, you can opt to add critical illness cover, accidental death benefit, accidental total and permanent disability cover, etc. to a basic term policy to make the plan even more robust and risk-free. Insurance plans like Edelweiss Tokio Life Zindagi Plus provide the Better half benefit option that ensures enhanced financial security even in the absence of the main breadwinner. Under this benefit, after the death of the policyholder, a life cover will start in his/her spouse’s name. This will be 50% of the life cover of the policyholder, up to an amount of ₹1cr. The spouse won’t have to pay any premium and the nominee will also get the sum assured.
A term plan with return of premiums ensures that you can have a savings fund at the end of your term insurance policy. If you outlive the policy term, you are entitled to a total of all the premiums of the term plan on maturity. With this benefit, you can save on the premiums of your term plan and plan your financial goals.
With options like the Better Half Benefit or the Child’s Future Protect Benefit of Edelweiss Tokio Life – Total Protect Plus, you can ensure additional life insurance coverage for your spouse or your child. Under the former plan option, your life partner receives the additional benefit of 50% of your life cover along with a waiver of premium till the end of the policy while the Child’s Future Protect Benefit plan option provides an additional sum assured to help your child fulfill their future financial goals in your absence.
The duration of the term insurance plan is one of the most critical factors you should assess before purchasing the plan. Some of the factors that will help you determine the tenure for your plan are:
It is usually suggested that a term life insurance cover should be at least 10 to 15 times of your annual income and 15 to 20 times is an even be. If you have loans such as home loans, car loans, etc. then you should factor that in too.
You can use this simple formula to determine your ideal life cover: Life Cover = [10 x annual income + total outstanding loans + other liabilities]
For instance, if your annual income is ₹ 15 Lakhs, it is ideal to buy term life insurance cover of at least ₹1.5 Crore, assuming that you do not have other liabilities. In case you have a home loan of ₹50 lakhs, include this amount in your life cover.
The cost of a term plan varies depending on various factors such as age and gender, the amount and tenure of insurance coverage, health condition, and whether you are a smoker/non-smoker.
You can opt from monthly, half-yearly or yearly mode of payment and choose from a list of payment options such as:
You will be asked to fill out the proposal form with your details.
You will have to submit the following or more KYC documents for issuance of policy::
A term plan is one of the most effective ways of guaranteeing your loved one’s financial stability when you’re not around anymore. A term plan is a must-buy for individual who has individuals dependent on them.
The correct time to purchase the term insurance plan is NOW, if you haven’t already. When you purchase a term insurance plan early in life, the premium amount will be low compared to what you will have to pay 10-15 years later.
However, your age must not hold you back from purchasing the term insurance plan. If you have not purchased a term plan while young and have individuals dependent on you, then you must purchase them to ensure your loved ones are safe in your absence. With a term plan in place, your loved ones will get the financial support they need.
What are term insurance riders?
Term insurance riders are add-ons that are made in a term insurance policy that offer the policyholder with sufficient coverage for a specific situation. A rider will enhance a term insurance plan by offering multiple additional benefits along with the core death benefit.
Generally, most term insurance plans provide riders. But, the riders, their specifications, and their costs will depend on the term plan, premium, and the insurance company. However, some term plans come with inbuilt benefits. You will have to purchase other add-on riders that are part of the plan, separately by paying an additional premium.
While you cannot prevent any unfortunate events, you can plan for them. When you include riders in your term plan, you are protecting yourself from such unpredictable events. With the inclusion of riders in the plan, you’ll get the assistance you need. However, it is important you carefully understand your rider's requirements before including them in your plan, as including a rider will lead to an increase in the premium amount.
Riders available with Edelweiss Tokio Life Insurance Total Protect Plus term plan:
The rider will offer the financial assistance and support to deal with any immediate expenses or loss of income arising from permanent disability to the life assured.
If the life assured is hospitalized for the treatment of an injury or illness, the rider will offer a daily allowance, along with coverage of the actual medical expenses.
With this rider, the life assured will be liable to get a lump sum payout if they get diagnosed with any of the 12 listed critical illnesses.
This rider will will offer additional sum assured to the nominee if the life assured loses their life in an accident.
This rider will waive off the future payments of the policy premiums, if the life assured is diagnosed with any of the listed terminal illnesses.
When you purchase a term plan, you will have to pay a specific premium amount towards the plan to earn the benefits from them. The premium amount of the plan is based on several factors. The different factors that affect a term insurance plan are:
It is a popular belief that when an individual is young, they are less prone to any life-threatening diseases. Therefore, when an individual has a lower probability of getting life threatening diseases, they won’t be filing a claim anytime soon and their premium amount will be low. However, when an individual is a bit old, their premium amount will be high.
If the policyholder is working in an environment with a high-risk of accidents like transport, mining oil, shipping and much more, the term insurance premium will be high compared to the jobs that have a safe environment. This is because, these individuals are putting their lives in danger, increasing their risk-factor.
3. Policyholder’s medical history and pre-existing health conditions:
If the policyholder has a pre-existing disease or illness like diabetes, obesity, then the insurance company will consider them as high risk. For example, if the policyholder is obese, they have high blood pressure and may face heart-related illnesses which could lead to a stroke. Therefore, if the policyholder is living with any conditions like these, the premium amount they will have to pay will be higher compared to an individual who is physically fit.
4. Medical history of family:
If the policyholder has a history of any medical illness in their family, then their term insurance premium will be affected. For example, if the policyholder’s family has a history of heart-related, cancer, etc. diseases, there is a high probability that the policyholder may get the disease as well. This means their chances of getting ill may also increase. Therefore, the premium amount will be high.
One of the crucial factors that decide the premium amount is the policyholder’s lifestyle. If the individual consumes alcohol or smokes regularly, then it might affect their premium amount. This is because, they pose a threat to their health and increase their chances of getting ill.
Term insurance plans from Edelweiss Tokio Life Insurance offer a range of features to secure the financial future of your family:
1. The term insurance payout helps them lead an independent and dignified life.
2. To cater to people in the ongoing COVID-19 pandemic, we offer COVID-19 coverage to offset the financial impacts of the virus.
3. The Better Half Benefit option from Edelweiss Tokio Life - Total Protect Plus extends your life cover to your spouse after your demise. The total coverage offered is 50% of your base sum assured.
4. The Child’s Future Protect Benefit Option under the same plan, ensures that your child’s growing years are protected with the same term plan, and you can receive additional coverage to secure them.
5. With a return of premium term plan like Edelweiss Tokio Life – Total Protect Plus, you can receive the total of all the premiums paid, at the end of your policy term.
Buying a term insurance plan can be quite tricky, as you will have to deal with many factors. If you want to purchase a suitable plan, you can consider the parameters listed below:
1. Solvency ratio: The solvency ratio will tell you if the insurance company you have chosen is capable of settling your claim when the need arises. As per the IRDAI, every insurance company must maintain a solvency ratio of at least 1.5.
2. Claim settlement ratio: The claim settlement ratio of the company will help you understand the probability of your claim being settled. A higher claim settlement ratio means a higher chance of claim settlement.
3. Option to get cover against critical illness: A critical illness diagnosis like brain surgery or cancer can be quite expensive and may cause a huge dent in your savings. However, with the lump sum payout from a critical illness rider you can protect your savings. It rider benefit pays out at the time of diagnosis.
4. Option to stay covered against accidental deaths: If you have selected the accidental death benefit rider, your beneficiaries will get an additional payout if you pass away due to an accident.
5. Option to waive off premiums on terminal illness diagnosis: If you get diagnosed with a critical illness, the insurance company will waive off payment of any future premiums, allowing you to continue the coverage.
If you’re planning to purchase a term insurance plan from Edelweiss Tokio Life Insurance:
All Term Insurance Premiums Are Covered Under Section 80C And The Sum Assured (Maturity Amount) Received Has Tax Benefits Under Section 10(10D) Of The Income Tax Act, 1961.
Tax Benefits³ under Section 80C on Premium Paid:
The insurance premium paid in a financial year is eligible for tax benefits³ section 80C of the Income Tax Act. An individual and a HUF, both, can claim this benefit³. The premium paid by a taxpayer is eligible for tax benefits³ irrespective of whichever life insurance company you choose.
To claim tax benefit³ under section 80C, the premium paid should not exceed 10% of the sum assured. Further, here it is important to note that covering the life of an individual with a disability referred to under Section 80U or a disease referred to under Section 80DDB, the requirement to claim the benefit under Section 80C is that the premium should not exceed 15% of the sum assured.
Asia's Best Insurance Company Award for CSR Activity & Digital Sales Channel^¹
Our Promise of Integrity - 97.01% Claim Settlement Ratio for FY 2021.
BFSI Excellence - Life Insurance Company of the Year 2021^²
Best Customer Experience & Contact Center Management - Life Insurance 2021^³
Yes, deaths due to coronavirus are covered by all Edelweiss Tokio Life Term Insurance Plans. As uncertainties are on the rise during the Coronavirus pandemic, the need for adequate life insurance which ensures a family's financial safety has become more pressing. Term insurance plans are designed to alleviate financial distress caused to the family after the sudden loss of the bread earner. Edelweiss Tokio Life - Zindagi Plus is such one plan that secures life even during a pandemic like COVID-19.
The minimum entry age to purchase term insurance is 18 years, while the maximum entry age while purchasing can be up to 60 years. Term Insurance Plans provide longer protection for you and your family.
Your family will receive the claim amount in the event of both natural and accidental death. Term insurance is designed to provide your family with a certain amount of money, irrespective of the reason of death. However, there are some exclusions like suicide in 1-year, non-disclosure of rightful facts that can lead to a decline of your claim amount. To know more about such exclusions, please refer to the policy document. T&C apply.
It is usually suggested that a term life insurance cover should be at least 10 times of your annual income and 15 to 20 times is an even better option. If you have loans such as home loans, car loans, etc. then you should factor that in too.
For instance, if your annual income is ₹ 15 Lakhs, it is ideal to buy term life insurance cover of at least ₹1.5 crore, if you do not have other liabilities. In case you have a home loan of ₹50 lakhs, include this amount in your life cover. It is best to use the term calculator provided by insurance companies before deciding on your life cover.
Here are a few guidelines for you to help you find and purchase your ideal and best term insurance plan that suit your needs -
1) Assess Your Needs
For term insurance, like any other insurance, you need to assess your requirements before you proceed to buy a life cover. To determine your life insurance requirements, do a close assessment of following factors -
• How many family members are dependent on you?
• Are there any other sources of income for the family or are you the sole breadwinner?
• Do you have any financial liabilities and unpaid loans?
2) Make a Budget
The term insurance premium you pay is dependent on the volume of the life cover, the term of the policy, the riders added, etc. You, therefore, need to make a budget before you buy the insurance. Take note of how much you can spare towards your term insurance expenses. You may surely want to have the highest possible cover, but you need to be realistic and stay within your budget. Thankfully, the term insurance policies are available in a wide range of prices. You are assured of finding a best term life insurance plan within your desired budget.
3) Take Stock of Your Health & Lifestyle
The term insurance premium will depend on your health and lifestyle. If you are healthy and maintain a good lifestyle, your term insurance premium will be lower. If you have a few ailments, you smoke and drink or you are overweight, your term insurance premium will be much higher. Therefore, you need to take stock of your conditions before you apply for a plan.
4) Provision for Inflation
When buying term insurance, you must make provisions for inflation. Remember, college admission fees that cost Rs 50,000 today will cost a lot more in 20 years’ time. Keep all such factors in mind when looking to cover your family financially.
5) Choosing Right Duration
A term life insurance plan should ideally cover your earning years. If you die while you are employed and earning a salary for your family, the term insurance cover can take care of their financial challenges after you are gone. For the more concrete answer you can ask yourself these key questions to find the right term -
• How long will you work or at what age you will retire?
• How long will your family be financially dependent on you?
• Are your parents dependent on you?
• Is your spouse working? How long will he/she be working?
• For how long are your children going to be financially dependent on you? If they are in their teens, then consider how long it will take them to become independent.
• Gauge the timeline when your liabilities will end that is, if you have 10 years pending to pay the loan amount, consider that. The most common maturity age for a policy term is 65 to 85 years of age. As per your present age, you can decide the term.
It is always better to get extra protection. Riders are known for that. But not all companies offer them to their customers. So, it is recommended to go with the insurance provider who has listed additional rider(s) in its umbrella of protection.
Term insurance plan can be one of the preferred choices to secure your family’s financial future and help them maintain their standard of living with ease. The best term plan will not only take care of all your existing liabilities and but also provide for the long-term financial goals that you and your family had planned together.
Online transactions are completely secure and are done directly on the insurance company’s website. Today almost all financial transactions including banking, stocks, etc have moved completely online and lacs of people are making online payments every day.
The cost of a term plan varies depending on various factors such as age, annual income, premium amount, tenure of insurance coverage, health condition and whether you are a smoker/non-smoker.
They serve different purposes and cater to different needs. Term insurance is a pure risk cover and a product which is an absolute must for every individual who has any financial dependent relying on their income. An endowment plan is for savings purpose, it has a nominal death benefit and provides maturity benefit³ as well.
The insurance premium is an amount paid by the policyholder to the insurance company in return for the risk cover. Every insurance company assesses the risk differently and accordingly, decides the premium. So, if Company A assesses your risk as low, they will offer you the plan at affordable premiums
Buying term insurance for a couple is a good option indeed. If you wish to safeguard your spouse as well as your family financially in your absence, you should consider term life insurance. Term life insurance for married couples is a great option that works as a security cover for the unforeseen future.
Term plans for couples are amongst the most affordable life insurance policies in India. You get a high life coverage amount for a low annual premium. In the unfortunate event of death of the policyholder, the surviving spouse(nominee) gets the sum assured benefit. The spouse (nominee) can use this money for any future liability.
Yes, mostly all the life insurance companies in India offer term plan for NRIs for people who reside outside the country. If you are a non-resident Indian, the term plan for NRI will help you secure your loved ones’ financial future.
You can get the term insurance best suited for NRIs; it has all the specifications as same as the regular term policy.
Yes, smokers are eligible for term insurance subject to prescribed medical tests.
Insurers typically charge a higher premium for term insurance for smokers. Most life insurance companies charge a higher premium amount for smokers.
It is essential that you do not hide your smoking habit from your insurer. If you are found to be lying about it:
1. Your insurance cover will be null and void, and insurance claims will not be honoured.
2. You may be charged with fraud.
As the life expectancy rises, there are circumstances under which even a senior citizen may need a life insurance. Remember that a term insurance is meant to take care of your liabilities and secure the future of people who may be dependent upon you. In most cases, all the liabilities would have been fulfilled by the time you reach the age of sixty. But here are a few circumstances when a term insurance plan for senior citizens is a must:
Couples nowadays have kids much later in their lives. This means, it is possible that kids may not be financially independent at the time of your retirement. If this is the case, it is imperative that you get a term insurance plan till they are able to take care of their finances.
2.Your spouse depends on your pension
It is possible that your spouse is dependent on your pension for their financial needs. You would want her to be financially independent even if something happens to you. One of the ways of ensuring this is through a term insurance plan.
3.You continue to work post-retirement
If you continue to work post-retirement, you are responsible for the work that you take on. This is especially true if you are an active co-founder of a business. In such a scenario, get a term insurance is a way to ensure that the business does not suffer in case of your sudden demise.
If, for any reason, you still have unpaid debts - you should get a term insurance for the outstanding amount to ensure that the burden of repayment does not fall on your family.
A few years back, it might have been a challenge to get a term insurance for senior citizens. However, today you can get term insurance, subject to clearing medical tests & validation of source of income. Remember that a term plan at this age would attract a high premium, but it is still better than not having a cover when your dependents need the protection.
An insurer would be willing to provide you with a life cover based on your health condition, even if you suffer from heart related ailments. Remember that an insurer decides on the premium to be charged based on your health condition, age at the time of entry, tenure of the coverage requested and your medical history. In case you are a heart patient, you would be considered at a high risk and therefore attract a high premium.
The underwriters would consider your health condition, and the risk associated with heart disease when deciding upon the cover to be provided. Typically, the premium would be higher side for a heart patient than for someone without a heart ailment - all things being equal. Though, remember that both the severity of your condition and steps you have taken to manage your health will be the deciding factor.
Some of the factors that an insurer would consider are your age, family history related to heart ailments, obesity, use of tobacco, diabetes, blood pressure, nutrition being taken and exercising habits. If the insurer thinks you are doing your best to manage your condition, they would be more willing to provide you with a term cover. Many insurers have special plans for term insurance for heart patients India, make sure you research the market before applying for one.
Yes, even if you suffer from diabetes you can get a term insurance subject to medical tests, and whether your condition is under control. Usually, insurers require you to have your diabetes under control for at least a period of six months. Remember that you must have a healthy lifestyle to get a term insurance for a diabetic in India. If the proposer suffers from additional health risks such as obesity or high blood pressure or are smokers or tobacco users - the insurer may consider the risk too high and impose forbiddingly high premiums. Usually insurer consider insulin dependent diabetics to be “avoid cases” but under control cases still have a chance, therefore one should always check out the possibility of issuance of the policy with the insurer.
Before you get a term insurance, you may have to undergo a medical exam for ascertaining the extent of diabetes. Usually, type 2 diabetes is considered less dangerous and may not require a test. Type 2 diabetics can expect to affordable premiums for term insurance plans in india for diabetics compared to type 1 diabetics. Remember that the most important factor for the insurer is whether the diabetes is under control or not. Be truthful about your condition, and you will be able to get the best life insurance for diabetics and ensure your family’s financial future.
Every insurance company has a centralized customer service team which attends to all the customer query/complaints. The IRDAI regulations are the same for both online and offline customers and hence there is no differentiation between customers who have purchased online or offline.
Term insurance is the only type of life insurance that offers a considerable death benefit that even no other policy provides. It comes at great convenience in terms of online purchase & renewals.
However, there are certain exclusions some of which are mentioned below
Make sure you go through all the policy details carefully before you make a buying decision.
^ - The word Total Protection is derived from the product name Edelweiss Tokio Life – Total Protect Plus.
0 - Provided the premium paying term is more than or equal to 10 years.
1 - This is applicable only if all due premiums are paid and the policy is inforce.
2 - Partial withdrawals will be calculated subject to terms & conditions. Refer product brochure for more details.
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.
9- Riders are Optional and available at extra cost.
*1- For enchanced Sum assured of Rs.25 Lakhs, healthy male, age 18 whose premium is Rs. 5329/year which amounts to Rs.15/day exclusive of taxes.
*2-At the discretion of the Company and based on the performance of the participating fund, Simple Reversionary Bonus, if any may accrue every year from first policy year.
^¹ - Festival Of Insurance Awards 2020 on Sahara Samay Hindi News Channel on 27th December, 2020 - YouTube. For CSR Activity and Digital Sales Channel (Insurance Alerts Excellence Awards 2020)
^² - https://cloud-user-recordings-ffmpeg-converted-prod.s3-ap-south-1.amazonaws.com/recordings/ccd117b0-be48-11eb-9782-b590083730e8/3b7e25a3-b9b4-47b0-9f68-70eeb8062d60/ccd117b0-be48-11eb-9782-b590083730e8_0001_474830a2.mp4
^³ - https://thealdenglobal.com/inflection-conference-awards/
Premium calculated is for a 25 year old, male with DOB 01/01/1996, married, non-smoker, for a policy term of 20 years with 1CR life cover, with Better Half Benefit, whose premium is Rs. 5861/year that comes up to Rs.16/day, exclusive of taxes. The distribution channel is Online Sales, UW status is Medical, option chosen is ‘Lumpsum’. Spouse is a non-smoker, female.
Premium calculated is for a 25 year old, male with DOB 01/01/1996, single, non-smoker, for a policy term of 20 years with 1CR life cover, whose premium is Rs. 5853/year that comes up to Rs.16/day, exclusive of taxes. The distribution channel is Online Sales, UW status is Medical, option chosen is ‘Lumpsum’.
Edelweiss Tokio Life - Saral Jeevan Bima is only the name of a non-linked, non- participating, individual pure risk premium, life insurance plan 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 your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the tax laws For more details on risk factors, terms and conditions please read product brochure carefully before concluding a sale. Product UIN: 147N069V01
Edelweiss Tokio Life – Zindagi Plus is only the name of a Non-Linked, Non-Participating Individual, 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 your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the tax laws. The tax benefits under this Policy may be available as per the prevailing Income Tax laws in India. Flower & Edelweiss are trademarks of Edelweiss Financial Services Limited; Tokio is Trademark of Tokio Marine Holdings Inc. and used by Edelweiss Tokio Life Insurance Co. Ltd. under license. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
Product UIN: 147N056V04
Edelweiss Tokio Life – Total Protect Plus is only the name of A Non-Linked, Non-Participating, Individual, Pure Risk Premium/Savings, 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 your Personal Financial Advisor or the Intermediary. The tax benefits under this Policy may be available as per the prevailing Income Tax laws in India. For more details on risk factors, terms and conditions please read product brochure carefully before concluding a sale. Flower & Edelweiss are trademarks of Edelweiss Financial Services Limited; Tokio is Trademark of Tokio Marine Holdings Inc. and used by Edelweiss Tokio Life Insurance Co. Ltd. under license.
Product UIN: 147N071V01
Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider is only an Individual, Non-Linked, Non-Par, Pure Risk Premium, Health Insurance rider. UIN 147B001V03
Edelweiss Tokio Life - Accidental Death Benefit Rider is only the name of an Individual, Non-Linked, Non-Par, Pure Risk Premium, Health Insurance Rider. UIN 147B002V03
Edelweiss Tokio Life - Hospital Cash Benefit Rider is only the name of an Individual, Non-Linked, Non-Par, Pure Risk Premium, Health Insurance Rider. UIN 147B006V03
Edelweiss Tokio Life - Critical Illness Rider is only the name of the Individual, Non-Linked, Non-Par, Pure Risk Premium, Health Insurance rider. UIN 147B005V03
Edelweiss Tokio Life - Waiver of Premium Rider is only the name of the Individual, Non-Linked, Non-Par, Pure Risk Premium, Health Insurance rider. UIN 147B003V04
ARN No : CP/1869/Sep/2021