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Edelweiss Tokio Term Plan

Types of Edelweiss Tokio Term Plan:

The different types of Edelweiss Tokio term plans are listed below:

  1. Edelweiss Tokio Life – Income Replacement
  2. Edelweiss Tokio Life – Protection
  3. Edelweiss Tokio Life – MyLife+
  4. Edelweiss Tokio Life – Raksha Kavach
Edelweiss Tokio Life – Income Replacement

Income Replacement is Edelweiss Tokio’s term insurance plan where the death benefit is paid at an increasing rate every month post death.

Parameters Minimum Maximum
Entry Age 18 years 60 years
Policy Term 10 years 30 years
Benefit Expiry Age 28 years 80 years
Monthly Benefit Rs.15,000 No limit
Premium Amount Depends on the age, coverage, tenure and the premium paying term.
Sum Assured Monthly benefit amount*12*Term
Premium Payment

Option

Equal to policy term or 5, 10 or 15 Pay or Single Pay
Premium Payment

Modes

Yearly
Edelweiss Tokio Life – Protection

Edelweiss Tokio Life – Protection is a simple term offering that offers a lump sum to the life insured’s family in the case of his unfortunate death. With this plan, the family can maintain the lifestyle, provided by the policyholder when he was alive, while at the same time securing them from immediate expenses at the time of his death.

Parameters Minimum Maximum
Entry Age 18 years 60 years
Policy Term 10 years 40 years
Benefit Expiry Age 28 years 80 years
Premium Amount Depends on the age, coverage, tenure and the premium paying term
Sum Assured Rs.15 lakhs No limit
Premium Payment

Option

Equal to policy term or 5, 10 or 15 Pay or Single Pay
Premium Payment

Modes

Yearly
Edelweiss Tokio Life – MyLife+

MyLife+, offered by Edelweiss Tokio Life is a non-participating, non-linked Term Insurance Product that provides the policyholder the flexibility to choose the death benefit as lump sum or monthly payout or a combination of both. It also provides the flexibility to choose a cover for up to 80 years of age.

Parameters Minimum Maximum
Entry Age 18 years 60 years
Policy Term 10 years 40 years
Benefit Expiry Age 80 years
Premium Amount Rs.2500 No limit
Sum Assured Rs.25 lakhs No limit
Premium Payment

Option

Equal to policy term
Premium Payment

Modes

Yearly
Edelweiss Tokio Life – Raksha Kavach (Micro Insurance Plan)

A micro term insurance plan, Raksha Kavach is designed for the people living in rural areas to provide them with life covers at minimal rates of premiums.

Parameters Minimum Maximum
Entry Age 18 years 50 years
Policy Term 5 years
Benefit Expiry Age 23 years 55 years
Premium Amount Depends on the age, coverage and tenure
Sum Assured Rs.5,000 Rs.50,000
Premium Payment

Option

Equal to policy term or Single Pay
Premium Payment

Modes

Yearly

Key Features of Edelweiss Tokio Term Insurance Plan:

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