Are you planning to buy Edelweiss Tokio Term plans? Don’t worry you are at the right place. Edelweiss Tokio Life Insurance company provides various Term Plans for the customers. Edelweiss Tokio Life Insurance Term Plans are the best choice to those policyholders. You have to choose one of those plans according to your requirements and invest your money in that particular plan. In this article, I have provided the complete details of Edelweiss Tokio Term Insurance Plans. So kindly go through this page before buying these term plans.
Edelweiss Tokio Term Plans Review
Edelweiss Tokio Term Plans are the most basic form of life insurance plans. These plans are designed with an aim of securing your family financially, by contributing a high life insurance cover amount. These Edelweiss Tokio Life Insurance Term plans let you keep your family financially independent and secure even in your absence. In case if the death of the life assured occurs during the policy term, the insured family gets a pre-decided amount in the name of ‘Sum Assured’ as per the provisions of your term plan. You can also choose between single pay, limited pay and regular pay options by selecting these term plans. The Key features, Eligibility Conditions, Benefits, Rebates, etc. of Edelweiss Tokio Term Insurance Plans are mentioned in detail below. Refer our site www.policycorner.in for more information regarding Edelweiss Tokio Life Insurance Plans.
Why should I choose Edelweiss Tokio Life Insurance Term Plans?
Edelweiss Tokio Life Insurance Company Limited was established in the year 2011. It is a joint venture between Edelweiss Financial Services, one of India’s leading and diversified financial services companies and Tokio Marine Holdings Inc, one of the oldest and largest insurance companies in Japan. Today, nationwide there are more than 70 branches located in more than 50 cities. The company offers various products to every life stage of the customers. As many term plans are available, Edelweiss Tokio Term plans are the best because of their benefits that are provided for their policyholders.
Edelweiss Tokio Life Simply Protect, Edelweiss Tokio Life Protection, Edelweiss Tokio Life Income Replacement, and Edelweiss Tokio Life MyLife+ are the term plans that are available under the Edelweiss Tokio Life Insurance Company. Each policy under the Edelweiss Tokio Term plan has extensive features and benefits. These term plans promise benefits payable only in case of death. In case, if the plan matures the insured wouldn’t get any benefits.
What are the Key Features of Edelweiss Tokio Term Plan?
The Key Features of Edelweiss Tokio Term plans are
- Edelweiss Tokio Term plans are having attractive premium rates.
- Flexible payout as a lump sum, monthly, or a combination of both.
- Comprehensive protection plans.
- Easy online buying option.
- Easily reporting claims.
- Tax benefits are available for this product under Sec 80C and 10 (10D) of the Income Tax Act 1961.
- Quick documentation.
Benefits of Edelweiss Tokio Term Insurance Plan
The Benefits of Edelweiss Tokio Term Plans are as follows.
- Death Benefit: The sum assured will be payable to the family members or nominee choosen by the policyholder if the insured has died within the policy period.
- Maturity Benefit: There are no maturity benefits available under this Term plans.
- Tax Benefit: The Life Assured can also get the Tax benefits for premiums paid under section 80(80C) as per IT (Income Tax) Act for the death benefit received by the insured family members.
List of Edelweiss Term Plans
The Edelweiss Tokio Life Insurance Company Offers four best term plans. All these plans have different features & benefits according to various factors. The list of Term plans offered by the Edelweiss Tokio Life Insurance company are
- Income Replacement.
- Life Protection.
- MyLife+.
- Simply Protect.
About Edelweiss Tokio Life Simply Protect Plan
Simply Protect Plan is one of the term plans of Edelweiss Tokio Life Insurance company Ltd. The UIN for this plan is 147N035V01. In the case of disability or critical illness, the future premiums are waived under this Edelweiss Tokio Life Simply Protect Plan. The Key features and benefits are mentioned below. Check the Edelweiss Tokio Simply Protect brochure attached below for further details.
Flexibility of Premium Paying Term
- In this Life Simply Protect Plan, there is a flexibility to choose the premium paying term.
- As per your need, you can choose among Single Pay, Limited Pay, and Regular Pay options.
Four Death Benefit Options
The Policyholders can choose one of the four options to avail the death benefit. But should be chosen at the proposal/ application stage and can’t be changed during the policy term.
- Life Cover.
- Provides Life Cover with inbuilt Accidental Death Benefit.
- Life Cover with inbuilt Waiver of Future Premiums payable on Accidental Total and Permanent Disability.
- Life Cover with inbuilt Waiver of Future Premiums payable on Critical Illness.
Cover up to age 80
- The Maximum maturity age for this Simply Protect plan is 80 years.
Edelweiss Tokio Life Protection Plan
This is a non-linked and non-participating life insurance (protection) plan with the UIN number 147N007V03. This plan helps your family members to realise their dreams even after you are no longer to help them. Check the brochure attached below for further details. The Key features of this plan are as follows.
Financial Protection
- In this Life Protection Plan, High level of financial protection is available at low premiums.
Flexibility
- There is a flexibility to pay the premium amount for a shorter term and avail risk cover for a longer term.
Benefits:
- Death Benefit: The company pays the chosen Sum Assured to the nominee if the insured dies during the policy term.
- Tax Benefits under Section 80 C and 10(10D) of Income Tax Act 1961.
Riders:
There are four riders available under this plan. You can choose the appropriate rider to avail the extra benefits.
- Accidental Death Benefit Rider.
- Accidental Total and Permanent Disability Rider.
- Waiver of Premium Rider.
- Critical Illness Rider.
Click here to check Life Protection plan brochure.
Details of Edelweiss Tokio MyLife+ Plan
MyLife+ is an online term plan that covers the insured life and provides security to their family at a competitive price. The Unique Identification Number for this plan is 147N027V01. Follow the brochure attached below for further details.
Check Edelweiss Tokio MyLife+ Brochure.
Maximum Protection
- Cover up to 80 years of age with a flexible payout option is available for this MyLife+ plan.
Multiple Payout Options
- There is a flexibility to choose the death benefit payout as a lump sum or monthly payout or a combination of both.
Online Product
Since this is an online term insurance plan, you can protect your family members from the comfort of your home.
Riders:
- Waiver of Premium Rider.
- Accidental Death Benefit Rider.
- Accidental Total & Permanent Disability Rider.
Edelweiss Tokio Income Replacement Plan overview
Income Replacement plan is an ideal plan that ensures the continuity of monthly income for the family after the death of the policyholder. The UIN No. for this plan is 147N006V02.
Flexibility of Premium Payment
- There is a flexibility to pay the premium amount for a shorter term and avail the risk cover for a longer term.
Increasing Monthly Benefit
- The Income Replacement plan increases the monthly benefit by 5% every year by reducing the effect of inflation.
Riders:
The Insured can avail the additional benefits by choosing one of the riders that are available under this plan.
- Accidental Death Benefit Rider.
- Accidental Total and Permanent Disability Rider.
- Waiver of Premium Rider.
- Critical Illness Rider.
Brochure for Edelweiss Tokio Life – Income Replacement Plan.
Edelweiss Term Insurance Plan Premium Calculator
The Edelweiss Tokio Term Plans Premium Calculator is used to calculate the Premium amount and get all the benefits available under this policy. The data required for calculating premium rates using Edelweiss Tokio Term Insurance Plan Maturity Calculator are
- Name of the Policyholder.
- Email Id.
- Mobile Number.
- Age Proof.
- Policy Term.
- Sum Assured.
Edelweiss Tokio Term Plans Buying Procedure
The Buying procedure of Edelweiss Tokio Insurance policy is very simple if you have all the information regarding documents with you. The Life Assured can buy the Edelweiss Tokio Term Plans either in online or offline mode. In Online mode, the insured have to visit the direct website and fill the application form or proposal form for the relevant policy. The guidelines regarding how to fill the form and required documents are mentioned in detail there. Whereas in Offline mode, you have to approach the agents or intermediaries or visiting the nearest branch office and pay the premium by Cash/ Cheque/ Demand Draft. Before buying the Edelweiss Tokio Term Plan, you have to keep the following documents with you.
- Proposal Form/ Application Form.
- Proof of Age.
- Identification proof.
- If Required any Medical Certificates, etc.
Requirements for Claiming Edelweiss Tokio Life Insurance Plan
Nominees can claim for these Term Plans after the death of the policyholder or after the successful completion of the premium. Customers can report a claim by following three easy steps such as Intimation of Claim, Submission of Documents, and Decision on the claim. The Candidate should submit the following documents while claiming the Edelweiss Tokio Term Plans.
- Claimant photo identity & address proof.
- Original Policy Document.
- Death Statement of the claimant.
- A Copy of the Death Certificate.
- The Copy of cause of death certificate.
- Medical records on the life assured being hospitalised.
- Hospital certificate if the insured was hospitalised.
- Employer certificate for the working policyholder.
- Doctor treatment certificate.
- Post mortem report.
- FIR/ police/ inquest report/ panchnama.
- If the life assured was driving the vehicle then he/ she should submit a copy of driving license.