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With the increase in earning potential, people have led to the enhanced lifestyles. And, it is important for a sole earning member of the family to ensure that his family can maintain the same lifestyle and status even after his death. Edelweiss Tokio MyLife+ plan is a non-linked non-participating term plan that secures the financial future of your family. It is a great family protection plan available with affordable pricing. This plan provides the option to choose the death benefit as lump-sum payout plus the monthly income benefit to your family so they can easily meet their day to day expenses.
Low cost term assurance plan
Flexibility to choose life cover up to the age of 80 years
Lump-sum benefit paid to nominee
Option to choose a monthly benefit
Choose riders to enhance the protection
Low premium rates for female lives
Buy the plan online
Option to chose a combination of lumpsum and monthly benefit
Under lump-sum benefit option, a lump-sum amount equal to the sum assured will be paid on the death of the life insured and policy will then liable to terminate.The sum assured in this policy will be higher of 10 times the annualized premium, or 105% of the annualized premiums. There is an option to take monthely income benefit under this plan.
|Age (as on last birthday)||18 Years||60 Years|
|Age at Maturity||-||80 Years|
|Policy Tenure||10 Years||40 Years|
|Premium Paying Mode||Annually Only|
|Sum Assured||25 Lacs||No Limit (subject to underwriting)|
You may opt for the following riders(s):
Accidental Total and Permanent Disability Rider
This rider provides you with a lump sum to easily meet your immediate expenses in the event when your income earning capacity is stalled owing to the accidental (total & permanent) disability.
Accidental Death Benefit Rider
This rider provides an added financial security in the event of any accident. The benefit is payable in a lump sum.
Waiver of Premium Rider
This rider offers protection in the event of the accidental (total and permanent) disability or critical illness.
(Riders are optional and are available at an extra cost.)
Assuming you a 30 years old healthy mal, the premium you need to pay will be Rs. 5,880 for Sum Assured Rs. 50 lac and Policy Term 25 years.
Note: Hence, this is an illustration, the actual premium may vary.
Edelweiss Tokio MyLife+ is eligible for Tax benefits as stated:
(Subject to the provision stated therein.)