Zindagi plus

Online term insurance plan with

  • 01 Extended Life cover option for your spouse
  • 02 Riders for comprehensive cover
  • 03 Option to increase life cover annually

plan definition

Edelweiss Tokio Life – Zindagi Plus is an innovative and customisable life insurance plan. It offers unique benefits that addresses your immediate as well as future protection needs. This term plan has options that will cover the Life Insured and also that’ll take care of tomorrow’s increasing responsibilities. This plan is also equipped with traditional riders so that you can be prepared for the unprepared.

key features

1Plan Options

Level sum assured:

Under this, the base sum assured remains the same throughout the policy year.


Decreasing Sum Assured:

Under this, the base sum assured reduces by 50% after the policyholder attains 60 years old.

2Better Half Benefit

In case of the unfortunate demise of the life insured before the policy term, a life cover will start in the name of the spouse. 

He/she won’t have to pay any future premiums. The sum assured (life cover amount) for the same will be 50% of the base sum assured or Rs. 1 crore, whichever is lower.

3Systematic Increase Of Life Cover

Top-up Benefit:

This benefit will increase your base sum assured every year by your chosen rate (5% or 10%). It will continue till the cumulative top-up sum assured equals the base sum assured or till the age of 60 years or till the outstanding policy term is less than 5 years or till the death of the life insured, whichever is earlier. It is a useful and practical way of tackling tomorrow’s growing needs and uncertainties such as inflation and the need to buy another life insurance policy.

 

Life Stage Benefit:

Life stage Sum Assured will be added to your base sum assured on occurrence of a major life event such as marriage, having a child etc.

4Payout Options

The policyholder can choose between three death benefit payment options, which are:

Lumpsum: The nominee will get the entire sum assured after the unfortunate demise of the life insured as lumpsum.

Combination: The nominee will get a part of the sum assured as lump sum and part as monthly income amount, which can be regular or increasing, depending on the policyholder’s choice. Under increasing income, the payouts will increase at 5% p.a.

Monthly Income Benefit: The nominee will get a monthly amount, which can be regular or increasing, depending on the policyholder’s choice. The policyholder can also choose the number of months he/she wants the payouts to be done. Under increasing income, your payouts will increase at 5% p.a.

5Choose Your Payment Options

Regular term:

The policyholder will pay the premium till the policy term lasts.

 

Pay Till 60:

The policyholder has an option to pay premium till the age of 60 years, so that he is not compelled to pay premiums out of his retirement savings.

6Waiver Of Premium

All your future premiums will be waived off if you are diagnosed with any of the 35 listed critical illnesses. So you won’t have to worry about paying premiums and can focus on your health.

riders

This Term plan offers different riders to choose for the online insurance policy to make this term plan more comprehensive.

additional resources

product brochure

download pdf

sample contract

download pdf

rate table

download pdf

product disclaimer

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eligibility criteria

1 Minimum And Maximum Entry Age for Life Assured Min entry age: 18 yrs. for Life Insured

Max entry age for Life Insured:

 Life cover with Level Sum Assured and  Regular Pay - 65 yrs.
 Life cover with Level Sum Assured and 'Pay Till 60' Payment Option - 50 yrs.
 Life cover with Decreasing Sum Assured and  Regular Pay - 55 yrs.
 Life cover with Decreasing Sum Assured and 'Pay Till 60' Payment Option - 50 yrs.
2 Minimum And Maximum Sum Assured (Life Cover Amount) Minimum Life Cover Amount:

If Better Half Benefit, Top Up Benefit or Life Stage Benefit is selected  - 50 lakhs
For all other scenerios - 25 lakhs

Maximum Life Cover Amount :

No Limit, subject to Board approved underwriting policy.
3 Minimum And Maximum Policy Maturity Age Minimum Maturity Age:

 Life cover with Level Sum Assured and  Regular Pay - 28 yrs.
 Life cover with Level Sum Assured and 'Pay Till 60' Payment Option - 65 yrs.
 Life cover with Decreasing Sum Assured and  Regular Pay - 65 yrs.
 Life cover with Decreasing Sum Assured and 'Pay Till 60' Payment Option - 65 yrs.

Maximum Maturity Age :

80 yrs.
4 Premium Paying Term And Frequency Premium Payment Options:

1. Regular Pay : Same as the policy term
2. Pay till 60 : (60 - Age at entry + 1) yrs.


Premium paying frequency and Min. Premium:

Yearly - Rs. 3,000 
Half yearly - Rs. 2,000
Quarterly - Rs. 1,250
Monthly - Rs. 500
5 Minimum and Maximum Entry Age for Spouse Min entry age: 18 yrs. for Spouse

Max entry age for Spouse:

 Life cover with Level Sum Assured and  Regular Pay - 60 yrs.
 Life cover with Level Sum Assured and 'Pay Till 60' Payment Option - 50 yrs.
 Life cover with Decreasing Sum Assured and  Regular Pay - 55 yrs.
 Life cover with Decreasing Sum Assured and 'Pay Till 60' Payment Option - 50 yrs.
6 Minimum and Maximum Policy Term Minimum Policy Term:

For Regular Pay - 10 yrs.
For "Pay till 60" - 15 yrs. 

Maximum Policy Term:

62 yrs.

liked our plan?

A term plan that gives extra benefits and prepares you for an uncertain future. It gives you enough options to choose from, so that you can customize your plan as per your needs.

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