Edelweiss Term Life Insurance Plans

Edelweiss Life Insurance Company offers various types of term insurance plan to its customers, each with extensive features and benefits. Let us look at the different types of term life insurance plans available with the company in detail. 

1. Edelweiss Life Zindagi Protect Plus

   Edelweiss Life Zindagi Protect Plus is a comprehensive life protection plan that offers long-term security and flexible options to protect your family’s financial future.

   • The plan provides term life cover with the option to remain protected until age 100.

   • You can choose between limited-pay or regular-pay premium options to suit your cash-flow needs.

   • The plan offers optional benefits such as Better Half Benefit, Child’s Future Protect Benefit, and Premium Break Benefit under the life cover option.

   • A Special Exit Benefit is available that allows you to receive your premiums back upon discontinuing the policy, if you opt for this feature.

   • You can receive a 6% discount on the first-year premium if you complete the required medical examination within seven days of purchase.

   Entry Age: 18 years

   Maturity Age: 100 years

2. Edelweiss Life Saral Jeevan Bima Plan

   Edelweiss Life Saral Jeevan Bima Plan is a simple and straightforward term plan designed to provide essential life cover with flexible payment and term options.

   • The plan offers life cover to secure your family’s financial needs.

   • You can choose from multiple premium payment options to match your budgeting preferences.

   • A limited-pay option is available to help achieve a liability-free retirement by reducing the premium payment period.

   • Premiums paid for the plan are eligible for tax benefits under Section 80C, subject to prevailing tax laws

   Entry Age: 18 years

   Maturity Age: 70 years

What are the Benefits of Edelweiss Life Term Insurance Plans?

Following are the benefits of buying an Edelweiss Term Insurance Plan:

• Financial Security: Edelweiss Life Term Insurance Plans provide financial security to your family in the event of your untimely demise.

• Helps Cover Family’s Needs: The plans help cover daily living expenses, outstanding loans, and long-term financial goals, ensuring your family maintains its lifestyle.

• Term Insurance Riders: Optional riders, such as critical illness, accidental death, or disability, offer additional protection tailored to your needs.

• Tax Benefits: The plans also provide tax benefits under applicable laws, making them a financially prudent choice.

What are the Features of Edelweiss Life Term Insurance Plans?

• High Cover at Low Premiums: Edelweiss Life Term Plans offer pure protection with high life cover at affordable premiums.

• Customisable Coverage: Policy terms and sum assured options are flexible, allowing you to customize the coverage according to your financial requirements.

• Additional Riders: Optional riders enhance the base plan, covering critical illnesses, accidents, or total and permanent disability.

• Premium Pay Modes: Multiple premium payment modes, including monthly, quarterly, half-yearly, and yearly, provide convenience and flexibility.

Who Should Buy Edelweiss Life Term Insurance Plans?

Edelweiss Life Term Plans are suitable for anyone seeking financial protection for their family. Key groups include:

• Working Professionals: To provide income replacement and cover financial responsibilities

• Home Loan Borrowers: To ensure outstanding debts are cleared in case of untimely demise

• Parents: To secure children’s education and future financial needs

• Business Owners: To protect business loans and ensure continuity

• Young Adults: To lock in affordable premiums while starting long-term financial planning

Documents Required for Buying Edelweiss Life Term Insurance Plans

When applying for an Edelweiss Life Term Insurance Plan, certain documents are needed to process the policy efficiently. These include:

• Proof of Identity: Aadhaar, PAN, Passport, Voter ID, or Driving License

• Proof of Address: Utility bills, Passport, Aadhaar, or Bank Statement

• Age Proof: Birth certificate, PAN, Passport, or School Certificate

• Income Proof (for higher sum assured or specific plans): Salary slips, Form 16, or IT Returns

• Medical Reports (if required by the insurer based on age, health, or coverage amount)

Things to Consider Before Buying Edelweiss Term Life Insurance Plan

• Coverage Amount: Choose a sum assured that is sufficient to replace your income, clear outstanding debts, and secure your family’s future financial goals.

• Policy Term: Select a term that covers your financial obligations, such as children’s education, marriage, home loans, or until retirement, to ensure continuous protection.

• Riders and Add-Ons: Consider optional riders like critical illness, accidental death, or waiver of premium to enhance your base plan and provide extra financial security.

• Premium Affordability: Ensure that the premium fits within your budget, not just at the time of purchase but also in case of renewals or extended coverage.

• Insurer Reputation: Check the claim settlement ratio, customer service quality, and financial stability of the insurer to ensure your family can rely on the payout when needed.

• Flexibility: Look for plans that offer options to renew or convert the policy without a new medical examination, allowing you to extend coverage as your needs change.

• Exclusions and Terms: Carefully review policy exclusions, conditions, and fine print to avoid surprises during claim processing.

How to Buy Edelweiss Term Insurance via Policybazaar?

Step 1: Visit the term insurance page of Policybazaar

Step 2: Fill in the required details like your name, gender, and contact information

Step 3: Select the right smoking habits, educational qualifications, and annual income

Step 4: Choose the best Edelweiss Term insurance plan and proceed to pay

Note: Check all the best term insurance plan in India.

How to Apply for Edelweiss Term Insurance?

1. Online

   Edelweiss Life Insurance offers customers the option to buy term plans from its website itself. The company offers specific plans which are available online only. The customer only needs to log into the company's website, choose the required plan, choose the coverage and provide the details. The premium will be determined using the filled details. The customer then needs to pay the premium online through credit card, debit card or net banking facilities, and the policy will be issued. Edelweiss Life Insurance plans purchased online are often cheaper than when they are purchased offline. 

2. Intermediaries

   Plans which are not available online can be purchased from agents, brokers, banks, etc., where the intermediaries help with the application process. Edelweiss Life Insurance Company finally issues the policy. 

   Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.

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