Edelweiss Tokio Life - Protection Plan

Edelweiss Tokio Life – Protection plan is a non-linked non-participating life insurance plan which caters to the need of risk coverage. Let your family members realize their dreams even after you are no longer there to help them.

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Key Features

  • Based on the family’s needs, decide upon your Assured under the level term.
  • Cost reduces further for higher Sum Assured.
  • Large cover amount payable in the event of pre-mature death, to support the family
  • Assurance of protection for a maximum period of 30 years
  • Limited premium payment option to suit the stability of your current income stream and yet avail the cover for a longer policy term.

Benefits

  • Maturity Benefit:
No Maturity benefit is available.
  • Tax Benefit
The Premium(s) paid by you are eligible for tax benefit available under the provisions of Section(s) 80C, 80 CCC (1), 80D, 10(10D) as applicable.
  • Death Benefit
On death of the life assured during the policy term, company pays chosen Sum Assured to the nominee

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 18 years 60 years
AGE OF MATURITY 28 years 70 years
SUM ASSURED Rs.15,00,000 No limit
POLICY TERM 10 years 30 years
PREMIUM PAYMENT TERM Single, 5,10,15,20, Regular Pay
PAYMENT MODES Annual

What if?

I am unable to pay the premium

  • Grace period is of 30 days. The policy will remain in force during the grace period.If any premium remains unpaid at the end of the grace period, the policy shall lapse.

I stop the payment

  • On the completion of the grace period the policy will get lapsed and the benefits cannot be claimed on the death of the life insured.

I want to take a loan

  • Loan options are not available for this policy