My Life Plus Online Term Life Insurance Policy with Affordable Premium

  • 01 affordable premium
  • 02 cover up to age 80
  • 03 multiple payout options

plan definition

Edelweiss Tokio Life – MyLife+ is an online insurance term plan that covers your life and provides security to your family. It is a great opportunity to secure your family at a very competitive price. With cover upto 80 years of age & a flexible payout option, we offer you a value-for-money online insurance term plan. UIN No: 147N027V02

key features

1buy at the click of a button


This product is offered online. You can choose to protect your family from the comfort of your home.

2stay covered till 80 years


Affordable protection till you turn 80.

3choose your payout options


You can choose if you want payout as lump sum, income or a combination of two.

In lump sum option, amount equal to the sum assured will be paid on death of life assured.

Under income benefit option, 1% of sum assured will be paid every month for the next 130 months from the month of death.

Policyholder can also opt for a combination of the above two options.

4avail tax benefits


You can avail tax benefits under Section 80C and Section 10 (10D) of Income Tax Act, 1961.

Tax benefits are subject to change in the tax laws.


Riders can be added at the inception of the policy or at policy anniversary during the Policy Term subject to underwriting and terms and conditions of the riders and the product. Following riders are available with this plan.

additional resources

product brochure

download pdf

sample contract

download pdf

rate table

download pdf

product disclaimer


customer testimonials

eligibility criteria

1 entry age (as on last birthday)

Minimum : 18 years

Maximum : 60 years

2 maximum maturity age (as on last birthday)

80 years

3 policy term

10, 15, 20, 25, 30, 35,40 and (80 minus entry age) 

4 premium paying term

Regular pay 

5 premium payment frequency

Annual | Monthly

6 minimum premium

Minimum Premium# is Rs 2,500 (Annual) | Rs. 500 (Monthly)

#Goods and Services Tax as applicable will be separately levied on the premium

7 sum assured

Minimum : Rs 25,00,000 

Maximum : no limit

(Subject to underwriting)

customer testimonials

returns against payment

MyLife Lumpsum
MyLife Income
MyLife Combination

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customer testimonials

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An online term plan that provides a life cover up to age 80 at affordable premium rates, with customisable payout options.

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