Edelweiss Tokio Life has always been committed to making life simpler and risk free for their customers. With this in mind, they launched the Edelweiss Tokio Life – Simply Protect term life insurance policy.
The benefits of this policy are not limited to any particular area. It extends to premium payment as well as the payout options.
There are four options with a customer regarding the death benefit of their insurance policy:
a. Simple life cover, where in exchange for the premiums paid by the customer, Edelweiss makes sure that the aspirations of his family continue to become true even if he meets with an untimely demise. The major benefit of this scheme is that an individual gets this insurance cover until the age of 80.
b. Life cover with accidental death benefit cover, where, apart from the benefits provided in a simple life cover, the customer also gets an additional benefit for his family in case the death was caused due to an accident.
c. Life cover where, apart from the above benefits, the customer also gets a complete waiver of future premiums in case of total and permanent disability due to an accident.
d. Life cover where, apart from the above benefits, the customer also gets a complete waiver of future premiums in case of critical illness.
Moreover, a policy holder can claim the Sum Assured amount from Edelweiss in the following manners:
a. Lumpsum option, where the customer would be paid the entire amount of Sum Assured all at once.
b. Income benefit, under which, the policy holder would be paid the Sum Assured every month for the next 130 months.