Buy Term Insurance Plan
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 Tokio Life – TotalSecure+ Life Cover Plan

What is the Plan all About?

Edelweiss Tokio Life – TotalSecure+ is a traditional, non-linked, & non-participating term insurance plan that provides complete protection for your loved ones in case of unforeseen eventualities. It is an affordable term plan which offers comprehensive benefits for the life assured and his family. You may choose the premium payment term that suits you enjoy the life cover throughout the policy term.

What are the Key Features?

Low-cost protection plan to cover uncertain eventualities

Discounted premium rates for female lives and for opting large sum assured

Flexibility to choose single,limited and regular pay options

Hassle free purchase of the plan online

Get life cover for as long as up to age 80

Income benefit and combination of lump sum & income benefit is also available

Tax Benefit under IT Act

What are the Plan benefits?

This plan offers 3 different plan variants:

Benefit Option 1: Life Cover

Benefit Option 2: Life Cover with ‘Basic Health Cover’ (covers 7 critical illnesses)

Benefit Option 3: Life Cover with ‘Comprehensive Health Cover’ (covers 35 critical illnesses)

Death Benefit

This plan pays Base Sum Assured to the nominee, in the event of death of the life insured. The customer can choose out of the 3 death benefit payment options under all the 3 benefit options (Benefit Option 1: Life Cover, Benefit Option 2: Life Cover with ‘Basic Health Cover’ and Benefit Option 3: Life Cover with ‘Comprehensive Health Cover)

Death Benefit Option 1: Lump sum Option: The death benefit is payable as Lump sum which is equal to the sum assured.

Death Benefit Option 2: Regular Income Option: A fixed percentage of the death benefit is payable every month for a fixed number of months beginning from the next month policy anniversary from the date of death. There is an option to choose 36/60/120/180 months for which, the death benefit is payable. You also have the option to choose the monthly payouts as equal monthly/increasing monthly sums. When opted for increasing income, the monthly income benefit will increase annually at 5% p.a (compounding).

Death Benefit Option 3: Lump sum plus Regular Income: A proportion of death benefit is payable as a lump sum on death & the remaining amount as a regular income. The policyholder has the option to choose the proportion of death benefit as a lump sum, subject to a minimum of 1% and maximum of 99%.

Minimum Death Benefit:

The minimum death benefit at any point of time (including any Critical Illness benefit already paid) under the product will be as given below:

For Single Pay, it is higher of Guaranteed Sum Assured on Maturity, Absolute amount assured to be paid on death or 125% of single premiums.

For policies other than single premium payment term, it is higher of 105% of all the premiums paid, Guaranteed Sum Assured on Maturity, 10 times of Annualized Premium or Absolute amount assured to be paid on death.

Critical Illness Cover

Critical Illness cover is available with the following benefit options under this plan.

Benefit Option 1: Life Cover

This benefit option does not offer critical illness cover under the plan.

Benefit Option 2: Life Cover with ‘Basic Health Cover’

Life Cover with ‘Basic Health Cover’ option  provides cover for the first diagnosis of any one of the covered 7 critical illnesses under the plan during the policy term. The critical illness sum assured opted cannot exceed the base sum assured opted under the policy.

Benefit Option 3: Life Cover with ‘Comprehensive Health Cover’

Life Cover with ‘Comprehensive Health Cover’ option  provides cover for the first diagnosis of any one of the covered 35 critical illnesses under the plan during the policy term. The critical illness sum assured opted cannot exceed the base sum assured opted under the policy.

(Note: In the event of death of the Life Insured while the policy is in force, during the policy term, subsequent to the Critical Illness claim, the Reduced Base Sum Assured (i.e. Base Sum Assured less Critical Illness Sum Assured) is payable and the policy gets terminated)

Surrender Value

For Single Pay

The policy acquires the surrender value after payment of the single premium. Surrender value= Single Premium (including extra premium for substandard lives (if any)) x 70% x {Number of remaining complete months of cover / Total Policy Term in months}

For Limited Pay

For 5 Years Limited Pay: Surrender value is acquired after payment of all premiums for at least 2 policy years.

For 10/15/20/25 Years Limited Pay: Surrender value is acquired after payment of all premiums for at least 3 policy years.

Surrender Value = 70% x [Total Premium paid including extra premium for substandard lives, if any (exclusive of service tax) less {Total Premium payable including extra premium for substandard lives, if any (exclusive of service tax) x (Number of completed months of policy + 1) / Total Policy Term in months}]

For Regular Pay

No surrender value is payable.

Who can Buy the Plan?

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 Single Pay or Limited Pay (5, 10, 15,20,25) or Regular Pay Years
Premium Paying Mode Single /Annually
Sum Assured 25 Lacs No Limit (subject to underwriting)
Maturity Proceeds

Nil

Plan Type Online

Is any Rider Available with this Plan?

You may opt for the following riders(s):

Accidental Death Benefit Rider

In the event of accidental death of the life insured, 100% of the rider sum assured is payable as lump sum. This payout is in addition to the base sum assured.

Accidental Total and Permanent Disability Rider

In the event of total and permanent disability caused due to accident, 100% of the rider sum assured is payable as a lump sum.

Waiver of Premium Rider

In the event of total and permanent disability caused due to accident, all the future premiums are waived. This rider is applicable for Limited & Regular Pay policies and is available with benefit option 1 i.e Lump sum variant.

Hospital Cash Benefit Rider

This rider provides daily allowance and post hospitalization benefits, in the event of hospitalization of the policyholder. This rider is applicable for Regular Pay policies.

(Riders are optional and are available at an extra cost.)

Premium Illustration

Mr. Raj, 37 years old is employed as a purchase manager in an automobile company. He is married and has a 7 year old daughter Ananya. He pays a home loan EMI of Rs. 45,000 p.m. that’s a huge financial liability and he wants to ensure that his family can lead a comfortable life, if something unfortunate happens to him.

He thus opts for Edelweiss Tokio Life TotalSecure+ (Life Cover Option) with Sum Assured of Rs. 1.5 crore with an annual premium of Rs.  22,587. He gets a life cover up to 80 years of age. Under the plan, he chooses level regular income option for 10 years that will ensure monthly income for his family and also take care of his EMIs.

After an unfortunate death of Mr. Raj, his family starts getting a monthly income of Rs. 1,62,750  per month for 10 years.

Note: Ajay also has the option to choose increasing regular income option that provides his family a monthly income increasing at 5% per year (compounding).

Is the Plan, eligible for Tax Benefit?

Premiums paid qualify for tax benefits as per Section 80C of the Income Tax Act, 1961.

Similar Products Offered By Other Insurer:

Term Insurance

Compare