What Makes This Term Plan An Ideal Companion For Your Future
This plan gives you a longer life cover option, that’s with you till the age of 100 years
With Child’s Future Protect Benefit option, they can keep dreaming, no matter the circumstances
This plan gives you option to cover your partner, so you can share all experiences together.
6% Discount on first year Premium if medicals completed within 7 days of purchase (login)
Celebrate your retirement with Income Pay-outs at the age of your choosing
Celebrate your plan’s maturity with return of premiums upon survival
Benefits of Total Protect Plus
100 Year Life Cover
We’re with you for a century! With this term plan, you can opt for a cover that lasts till you are 100 years of age so that your loved ones have a financial cushion to fall back on for a long time.
Better Half Benefit
Be an eternal pillar of support! Opt for the Better Half Benefit to make sure your partner is taken care of, when you can’t be around. This optional benefit offers your spouse a life cover in the same plan, at a little extra cost.
Child’s Future Protect Benefit
We’re in the business of building dreams. That is why this optional benefit provides an additional payout to your child in case you are no longer around. This benefit activates during the Child Coverage Term, which is 25 minus Child’s Age (age last birthday)
Live Long Option
Make your second innings twice as nice! This term insurance plan offers you the chance to get income payouts around the time of retirement. This survival benefit kicks into play once you reach the selected commencement age - 60 yrs or 65 yrs, giving you an income equal to a certain percentage of your base sum assured.
Return of Premiums
Making their way back, where they belong! With this benefit, you can opt to get 100% of Total Premiums Paid when your policy matures. This excludes any premiums paid for additional benefits or riders and taxes. This helps you prepare for the next chapter in your life with extra padding in your wallet.
Limited Pay Option
The sooner, the better! This plan gives you the option to secure your future in a shorter time frame while staying protected for a longer time. With this option, your premium payments are completed quicker, so you can rest easy and enjoy the fruits of your labor.
No deductions, no worries! The premiums paid under this plan are eligible for deductions under Section 80(C) and the death benefit is also eligible for tax benefit under section 10(10D).
With this option, you can get a lump sum amount when diagnosed with any one of the 12 listed critical illnesses, including Heart Attack, Cancer, Kidney Failure, Stroke & Organ Transplants.
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Thanks, all queries resolved in one call to satisfaction. I am rating the services as 10.
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He was very much clear about the issue and the importance of it.. Thanks rohit
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The different Plan Options of Edelweiss Tokio Life – Total Protect Plus, are as follows:
1. Life Cover Option - Get Total Security for your loved ones till 100 years of age
2. Return of Premium Option - Get return of premium upon survival of policy maturation
3. Live Long Option - Get Income Pay-outs at your preferred age and chosen rate
In addition, you also have the option to choose the following Additional Benefits.
1. Child’s Future Protect Benefit - Get an additional sum assured in the same plan, that secures your child’s dreams
2. Better Half Benefit - Get additional cover for your spouse in the same plan, that gives them financial assistance when you’re not around
This Additional Benefit provides cover for the Spouse of the Life insured only after the death of the Life Insured. This benefit gets triggered on the death of the Life Insured. This Additional Benefit is available only if the Base Sum Assured is greater than or equal to Rs. 50,00,000.
The minimum and maximum entry age for Spouse will be 18 years and 65 years (age last birthday) respectively. The coverage term for this Additional Benefit will be equal to lower of the Policy Term or (85 less Entry Age of the Spouse) or (85 less Entry Age of the Life Insured).
Life cover will commence on the life of your spouse with Better Half Benefit sum assured and will continue for the remaining policy term or till the period your Spouse attains age 85 years (age last birthday) or till the period Life Assured would have attained age 85 years (age last birthday), whichever is lower. ‘Better Half Benefit’ Sum Assured is 50% of the Base Sum Assured, subject to maximum of Rs. 1 crore. This benefit will be paid as per the Death Benefit Payment mode selected by you.
Some compulsory criteria to opt for this benefit:
● 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
Under this additional benefit, you can secure your child’s future by increasing the base sum assured with an Additional Sum Assured. This amount could range between 10% to 100% of your Base Sum Assured, in multiples of 10%. This benefit will be available only during the Child Coverage Term, which is equal to ‘25 minus Child’s Age (age last birthday) at the inception of the policy.
Yes, this plan covers death due to COVID-19.
Payout options for the Death Benefit need to be decided during the inception of the plan. The payout is available in three modes, which as as follows:
● Lumpsum - Entire payout available in one go
● Monthly Income - A percentage of Death Benefit will be payable every month for the fixed number of months
● Lumpsum plus Monthly Income - Some portion of the payout is received at once, the rest is dispensed in the form of regular installments.
In case you have chosen the Life Cover Option, the minimum sum assured applicable is Rs. 25,00,000. For the Return of Premium Option, the minimum sum assured applicable is Rs. 10,00,000 and with the Live Long Option, the minimum sum assured applicable is Rs. 25,00,000.
For maximum sum assured, there is no upper limit on the base sum assured, as it is subject to Board Approved Underwriting Policy.
The minimum age of your spouse should be 18 years, and maximum is 65 years, to avail the Better Half Benefit option.
For 5 Pay, 7 Pay and Regular Pay options, the minimum policy term is 10 years. For 10 Pay, 15 Pay and 20 Pay, it is 15, 20 and 25 respectively.
In case you have opted for the Live Long Option, for 5 Pay, 7 Pay, 10 Pay & 15 Pay, the minimum policy term is 20 years. For 20 Pay, the minimum policy term is 25 years.
The maximum policy term is 100 years less age at entry, for any plan option selected.
For all plan variants, the minimum Annual premium amount is Rs. 3,000. For the Semi - Annual payment, the minimum premium amount is Rs. 2,000. The minimum Quarterly premium payment is Rs. 1,250 and the same for Monthly premium is Rs. 300.
The minimum maturity age is 28 years for Life Cover & Return of Premium options. In case you have chosen the Live Long Option, the minimum maturity age for your plan to mature, will either be 70 years or 75 years. The maximum maturity age for all plan variants is 100 years. All these ages are as per last birthday.
Similar to other term insurance plans the minimum age to avail of this policy is 18 years. The maximum age at which you can avail it depends on the type of benefits you are opting for. Thus, the maximum age at which you can get this policy is as follows:
● Life Cover Option with Limited Pay- 65 yrs.
● Life Cover Option with Regular Pay - 55 yrs.
● Return of Premium Option with Limited Pay - 60 yrs.
● Return of Premium Option with Regular Pay - 50 yrs.
● Live Long Option with Income Pay-out at 60 yrs - 50 yrs
● Live Long Option with Income Pay-out at 65 yrs - 55 yrs.
For underwriting status non-medical, the maximum entry age is 55 or as mentioned above
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.
In case you have opted for Better Half Benefit, the following exclusions are applicable:
1. If your Spouse dies before you, this benefit will not be applicable.
2. In the event of simultaneous death of you and your Spouse, Better Half Benefit is not applicable.
3. Post death of the Life Assured, in case of death of Spouse due to suicide within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the nominee or beneficiary shall receive at least 80% of the total of ‘Better Half Benefit’ premiums paid till the date of death, 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 (where distance mode means sale of insurance products through any means of communication other than in person), the free look period is 30 days.
^ - The word Total Protection is derived from the product name Edelweiss Tokio Life – Total Protect Plus.
2- Please refer sales brochure for more details.
3- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
~ Get your spouse covered with the Better Half Benefit Option
`4- This Additional Benefit is available only if the Base Sum Assured is greater than or equal to Rs. 50,00,000. Please refer to brochure for more details.
9- Riders are Optional and available at extra cost.
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
Disclaimer: 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.
Edelweiss Tokio Life Insurance Company Limited | IRDAI Regn. No.: 147 | CIN: U66010MH2009PLC197336 | Product UIN: 147N071V01 |
ARN : WP/1972/Oct/2021