Edelweiss Tokio Life – Zindagi Plus is a life insurance plan designed to provide comprehensive protection to your family. It not only covers your present requirements but also provides the flexibility to take care of your changing responsibilities as well as increasing cost of living. It also ensures that the family remains well protected even if the main bread earner of the family isn’t around.

This Additional Benefit provides life cover for your spouse which gets triggered in case of your unfortunate death. This additional benefit is available only if the Base Sum Assured is greater than or equal to Rs. 50, 00,000. Better Half Benefit sum assured is 50% of the Base Sum Assured or Rs. 1 Crore, whichever is lower. No more future premiums will be required to be paid. This benefit can be selected only at the policy inception and if it meets the following requirements:

• You should be married
• The age difference between you and your spouse is less than or equal to 10 years
• The policy is accepted at standard rates at policy issuance

For a Regular Pay policy, the shortest policy term is 10 years. In case you have opted for the “Pay till 60” policy, the shortest policy term is 15 years.
The longest policy term for any variant in this policy is 62 years.

For a Regular Pay plan, you need to pay your premiums for the same duration as that of your policy term. For the “Pay till 60” variant, the no. of years for which you need to pay the premium is calculated through the formula:

Pay till 60: (60 - Age at entry + 1) yrs.

You can decide to pay your premiums yearly, half yearly, quarterly or monthly.

The minimum time for your policy to reach maturity depends on the type of plan you have selected. Keeping that in mind, the minimum maturity age for your policy will be as follows:

• 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 assured and 'Pay Till 60' Payment Option - 65 yrs.

You need to be at least 18 years of age to get this policy. The maximum age at which you can get it depends on the type of plan you are opting for. Thus, the maximum age at which you can get this policy is as follows:

• 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 assured and 'Pay Till 60' Payment Option - 50 yrs.

In case you have opted for a feature like the Better Half Benefit, Top Up Benefit or Life Stage Benefit, then the minimum sum assured is Rs. 50 lakhs. For all other scenarios, the minimum sum assured is Rs. 25 lakhs.

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.

• Life Cover with Level Sum Assured: Under this plan option, the sum assured remains same throughout the policy term.
• Life Cover with Decreasing Sum Assured: Under this plan option, the end amount continues as it is till age 60 of the Life Insured, and decreases by 50% thereon, till the end of Policy Term. This will have no effect on the premium.

This additional benefit can be selected only at the policy inception. If you opt for this, on survival of 30 days post diagnosis of any of the 35 listed Critical Illnesses during the policy term and while it is in-force, all future premiums will be waived off and the policy benefits shall continue.

The 35 listed Critical Illnesses under Waiver of Premium Benefit are:

• Cancer of specified severity Cancer
• Myocardial Infarction (First Heart Attack – of Specified Severity)
• Open Heart Replacement or Repair of Heart Valves
• Surgery to Aorta
• Cardiomyopathy
• Primary Pulmonary (idiopathic) Hypertension
• Open Chest CABG
• Blindness
• End Stage Lung Failure
• End Stage Liver Failure
• Kidney Failure Requiring Regular Dialysis
• Major Organ/ Bone Marrow Transplant
• Apallic Syndrome
• Benign Brain Tumor
• Coma of specified Severity
• Major Head Trauma
• Permanent Paralysis of Limbs
• Stroke resulting in permanent symptoms
• Alzheimer’s Disease
• Motor Neuron Disease with Permanent Symptoms
• Multiple Sclerosis with Persisting Symptoms
• Muscular Dystrophy
• Parkinson’s Disease
• Loss of Independent Existence
• Loss of Limbs
• Deafness
• Loss of Speech
• Systemic lupus Erythematosus with Renal Involvement
• Third Degree Burns
• Aplastic Anemia
• Bacterial Meningitis
• Creutzfeldt-Jacob Disease
• Encephalitis
• Rheumatoid arthritis
• Poliomyelitis

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.

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.

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 -

• 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?
  
• 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.
• 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.
• 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.
• 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.
  
• Additional Riders -
  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.

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.

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:

• Your insurance cover will be null and void, and insurance claims will not be honoured.
• You may be charged with fraud.

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:

• Accidental death occurred as a result of inhaling drugs, narcotics or alcohol, legally or illegally
• Death occurring due to life-threatening hobbies and activities
• The demise due to any pre-existing medical condition, specifically not mentioned in the policy documents
• Act of suicide happened within the first year of the tenure
• Any sexually transmitted disease causing death and not mentioned in the policy terms
• Any self-inflicted injury causing death
• The death occurred due to any illegal activity