Simply Protect

Edelweiss Tokio Life – Simply Protect is a non-participating, non-linked individual term assurance plan that covers your life and provides security to your family. It is a great opportunity to secure your family at a very competitive price.

Key Features

  • Option to choose life cover up to the age of 80 years so that your family has protection over a longer period.
  • Option to get benefit as lump sum or as a monthly benefit or both so that it is easier for your family to manage the benefit amount.
  • Enhanced protection through addition of accidental death, disability and waiver of premium riders which makes this plan truly comprehensive
  • Attractive premiums for higher Sum Assured amounts


  • Maturity Benefit:
There is no maturity benefit in this plan.
  • 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
For Single Pay policy higher of:
1. 125% of single premium for all ages; or
2. Absolute amount assured to be paid on death
For other than Single Pay policy higher of:
1. 10 times of annualized premium OR
2. 105% of all the premiums paid till date of death
3. Absolute amount assured to be paid on death

Am I eligible?

ENTRY AGE 18 years 65 years
AGE OF MATURITY - 80 years
SUM ASSURED Rs.25,00,000 No limit
POLICY TERM 10 years 40 years
PREMIUM PAYMENT TERM Single pay/limited pay of 5,10,15,20 /Regular Pay

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