Get Quotes from Top Insurers with Lowest Premium
Enter Details > Get Quotes > Buy Your privacy is protected.
Why Comparepolicy.com
Unbiased information on plans from varied insurance companies
Easy comparisons to choose the best insurance plan
No hidden costs, pay the same premiumas offered by the insurer
Pre and post sales expert assistance for smooth online buying experience
Reliable, Accurate and Quick policy servicing
THANK YOU!
Our representative will get back to you soon.
You can also directly contact us at
+91-7836966356

Edelweiss Life Term Insurance Plans

Term plans are the best insurance plans to provide financial security to their loved ones in their absence. Edelweiss Tokio Life offers term plans to ensure financial security of the family. The company offers flexible death benefit payouts as per the plan you choose with multiple key benefits to opt from.

Edelweiss Tokio Life has 57.14% as Claim Settlement Ratio (as per IRDAI Annual Report 2014-15).

Edelweiss Tokio Life Insurance Company offers following Term Plans:

Get Affordable Quotes

1. Edelweiss Tokio Life - MyLife+

Edelweiss Tokio MyLife+ is a non-linked and non-participating term plan that provides you life cover and ensures security to your family in case of the unfortunate event of your death. By buying this term plan, you can easily secure your family’s future at quite competitive prices.

Key Features

• Opt life cover up to the age of 80 years

• Low cost term insurance Plan

• Choose death benefits options as a lump sum or monthly benefit or both

• Choose riders to enhance protection

• Grab lower premium rates for female life insured

• Avail premium discounts on choosing high Sum Assured

Benefits

  • Death Benefit

    o   Death Benefit Lump Sum Option: This death payout option provides a lump-sum amount (equal to the sum assured) on the demise of the life insured during the policy term. After payment of the death benefit, the policy will terminate. Here, the sum assured is higher of 10 times the annualized premium or 105% of the annualized premiums, as on date of death.

    o   Death Benefit Income Option: This death payout option provides 1% of the total sum assured to the family every month for a period of 130 months. This payout starts from the next month from the date of the demise of the policy holder.

  • Rider Benefit

    This plan offers Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider, Edelweiss Tokio Life - Accidental Death Benefit Rider, and Edelweiss Tokio Life - Waiver of Premium Rider.

  • Tax Benefit

    Under this plan, the premium payment qualify for tax benefits as per Section 80C of the Income Tax Act and the policy proceeds are also entitled for tax benefits as per Section 10 (10D) of the Income Tax Act.

Product Snapshot

Factor Minimum Maximum
Age (as on last birthday) 18 years 60 years
Age at Maturity - 80 years
Policy Tenure 10 years Up to 80 years of age
Premium Paying Term Same as policy term Years -
Premium Paying Mode Annually Only -
Sum Assured 25 Lacs No Limit (subject to underwriting)
Maturity Proceeds Nil -
Surrender Benefit Nil -

2. Edelweiss Tokio Life – Simply Protect

Edelweiss Tokio Life – Simply Protect is a non linked & non-participating term assurance plan that ensures security for the family. This term plan secures the family’s future at an extremely competitive cost. This term plan provides your family a financial support to lead a decent lifestyle, even after your death.

Key Features

• Low cost term plan

• Flexibility to opt life cover up to the age of 80 years

• Flexibility to choose lump sum or income benefit payout option

• In-built Waiver of premium in case of disability or critical illness

• Choose from flexible policy term, as per your need

• Decide on the premium paying term on the basis of your current income stream

• Low premium rates for female policyholders

Benefits

  • Death Benefit

    You can check on 4 death benefit options

    o   Life Cover

    o   Life Cover with inbuilt Accidental Death Benefit

    o   Life Cover with inbuilt Waiver of Future Premiums on Accidental Total and Permanent Disability

    o   Life Cover with inbuilt Waiver of Future Premiums on Critical Illness

  • Payout Options: You can opt for a lump sum or income benefit option
  • o   Lump Sum Option: This payout option provides sum assured in lump sum

    o   Income Benefit Option: This payout option provides 1% of sum assured every months for the next 130 months starting from the next month from the date of death of the life insured.

  • Surrender Benefit

    This benefit is available for single and limited pay policies. For limited pay policies, no surrender benefit is available during premium paying term.

    o   For single pay, surrender value= Single Premium (including extra premium for substandard lives) * 70% * Number of remaining complete months of cover / Total Policy Term in months.

    o   For limited pay policies, surrender value= Total Premiums paid (including extra premium for substandard lives) * 70% * Number of remaining complete months of cover / Total Policy Term in months.

  • Tax Benefit

    Under this plan, the premium payment qualify for tax benefits as per Section 80C of the Income Tax Act and the policy proceeds are also entitled for tax benefits as per Section 10 (10D) of the Income Tax Act.

Product Snapshot

Factor Minimum Maximum
Age (as on last birthday) 18 years 65 years
Age at Maturity - 80 years
Policy Tenure 10 years 62 years
Premium Paying Term Regular, Limited or Single Pay Years -
Premium Paying Mode Annually Only -
Sum Assured 25 Lacs No Limit (subject to underwriting)
Maturity Proceeds Nil -
Surrender Benefit Nil -

3. Edelweiss Tokio Life – Protection

Edelweiss Tokio Life – Protection is a non-linked & non-participating protection plan that provides you with a life cover that secures aspirations of your loved ones, even in case of your unfortunate death. Under this plan, you can choose from flexible premium paying terms.

Key Features

• Ensures complete protection for your loved ones

• Assurance of protection up to a period of 30 years

• Large life cover available in case of pre-mature death

• Flexibility to extend cover up to 70 years

• Avail Limited premium payment option

• Discount on premium rates for choosing a healthy lifestyle

• Rebate upon choosing high Sum Assured

Benefits

  • Death Benefit

    In the event of the demise of the life insured, the chosen sum assured is paid to the nominee.

  • Surrender Benefit

    This benefit is available for single and limited pay policies. For single pay policies, surrender is allowed from the second policy year onwards. For limited pay policies, no surrender benefit is available during premium paying term.

    o   For single pay, surrender value= Single Premium (exclusive of service tax) * 70% * Number of remaining complete months of cover / Total Policy Term in months.

    o   For limited pay policies, surrender value= Total Premiums paid (exclusive of service tax) * 70% * Number of remaining complete months of cover / Total Policy Term in months.

  • Rider Benefit

    This plan offers Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider, Edelweiss Tokio Life - Accidental Death Benefit Rider, Edelweiss Tokio Life - Waiver of Premium Rider, and Edelweiss Tokio Life - Critical Illness Rider.

  • Tax Benefit

    Under this plan, the premium payment qualify for tax benefits as per Section 80C of the Income Tax Act and the policy proceeds are also entitled for tax benefits as per Section 10 (10D) of the Income Tax Act.

Product Snapshot

Factor Minimum Maximum
Age (as on last birthday) 18 years 60 years
Age at Maturity 28 years 70 years
Policy Tenure 10 years 30 years
Premium Paying Term Regular, Limited or Single Pay Years -
Premium Paying Mode Annually Only -
Sum Assured 15 Lacs No Limit (subject to underwriting)

4. Edelweiss Tokio Life – Income Replacement

Edelweiss Tokio Life – Income Replacement is a non-linked, non-participating protection plan providing assured monthly benefit to the nominee. The benefits paid under this plan helps the family meet their financial expenses, when you are not there.

Key Features

• Complete protection for the loved ones

• Monthly income is paid in case of pre-mature death of the life insured

• Monthly income is increased by 5% every year to tackle inflation factor

• Discounted premium rates available on choosing higher monthly benefit

• Premium discounts upon choosing a higher Sum Assured amount

• Flexibility to choose a limited premium payment option

• Lower premium rates for choosing a healthy lifestyle

Benefits

  • Death Benefit

    On the unfortunate event of death of the life insured, the chosen monthly benefit will be paid to the nominee up to end of the policy term or up to 5 years, whichever occurs later. The monthly benefit under this plan is increased by 5% every year.

  • Surrender Benefit

    This benefit is available for single and limited pay policies. For single pay policies, surrender is allowed from the second policy year onwards. For limited pay policies, no surrender benefit is available during premium paying term.

    o   For single pay, surrender value= Single Premium (exclusive of service tax) * 70% * {Number of remaining complete months of cover / Total Policy Term in months}^ 2

    o   For limited pay policies, surrender value= Total Premium paid (exclusive of service tax) * 70% * {Number of remaining complete months of cover / Total Policy Term in months}^ 2

  • Rider Benefit

    This plan offers Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider, Edelweiss Tokio Life - Accidental Death Benefit Rider, Edelweiss Tokio Life - Waiver of Premium Rider, and Edelweiss Tokio Life - Critical Illness Rider.

  • Tax Benefit

    Under this plan, the premium payment qualify for tax benefits as per Section 80C of the Income Tax Act and the policy proceeds are also entitled for tax benefits as per Section 10 (10D) of the Income Tax Act.

Product Snapshot

Factor Minimum Maximum
Age (as on last birthday) 18 years 60 years
Age at Maturity 28 years 70 years
Policy Tenure 10 years 30 years
Premium Paying Term Regular, Limited or Single Pay Years -
Premium Paying Mode Annually Only -
Sum Assured 25 Lacs No Limit (subject to underwriting)
Monthly Benefit 15,000 No Limit (subject to underwriting)
Maturity Proceeds Nil -