In this day and age, life insurance policy is a necessity more than a choice. The need for insurance varies for different individuals. Edelweiss Tokio Life Insurance understands the various needs of its customers. They provide an extensive range of insurance products to cover the requirements for each of their customers. The customers can choose the plan that meets their expectations. The premium of term Insurance can be easily calculated by suing Edelweiss Tokio Term Insurance Calculator.
By using a term insurance calculator an individual can evaluate the premium rate of the policy and choose the plan that best suits their requirements. It also gives them an idea of the time period for which they have to pay the premium. The term insurance premium calculator helps the customer to choose their Insurance policy wisely.
By using Edelweiss Tokio Term Insurance Calculator, the customer can easily compare between various term Insurances that are available and settle for the best Insurance that suits them. The term insurance calculator can be used online.
Reasons for Using a Term Insurance Calculator:
Your premium is decided on age at which you buy the policy and remains same, throughout your life
Premiums can increase between 4-8% each year after your Birthday
Your policy application could be rejected or premiums increase by 50-100%, if you develop a lifestyle disease
The Edelweiss Tokio Term Insurance Calculator is free to use and is available online. Within a few steps, the customer can know the approximate premium rate of the term insurance policy. For using Edelweiss Tokio Term Insurance Calculator, the customer has to visit the Insurance Company's official website and select the "Term Insurance Calculator" option that is available.
Once you open the term insurance calculator, you will need to enter some information that is required for calculating the premium amount of the method that they desire. The statement asked will be basic like - Name, Gender, Mobile Number, D.O.B. and E-mail ID. Once you enter all the information, click on the "Submit" button. The approximate premium amount of different term insurance policy will be displayed on screen.
Before entering the Sum Assured amount, the individual has to choose the plan wisely by keeping their future requirements and necessities in mind. They can view their premium payment once in a month or twice a year, or once in a year according to their convenience.
By comparing the premium rate of different term insurance policies, the insurance buyers can choose the plan which offers maximum benefit at a lower premium rate.
There are many advantages of choosing the Edelweiss Tokio Term Insurance Calculator. Let’s take a look at some of the advantages of using Edelweiss Tokio Term Insurance Calculator.
Calculating various premium amounts helps the customers to get a deep in-depth understanding of the differences and benefits of a particular policy. This process allows the customer to choose the best among the widely available policies.
The calculator can be used online freely in a simple and hassle-free way.
Calculating premium online saves the customer's time a lot. With the help of an online premium calculator, the customer can calculate their premium amount from their homes' convenience. They can get immediate results too.
Before using the online calculator, one should keep handy the following information:
There are various benefits of purchasing Edelweiss Tokio term insurance policy
The term insurance policies offered by Edelweiss Tokio Life Insurance provide high life covers at a lower premium rates.
This term insurance policies offered by Edelwess Tokio is built to provide long-term protection to the customer and their family members.
The term insurance makes sure to stabilize the customer's family's financial status during the times of their presence and even in their absence.
Tax Benefits offered are one of the essential benefits among all the other options. The customer can avail of tax benefits under section 80C of the IT Act on their insurance premium.
*Tax benefits are subject to change as per tax laws. Standard T&C Apply
The Edelweiss Tokio Life Insurance offers other add on benefits on their term insurance plans like –Accidental covers, Critical illness covers, Death over accident covers etc.
Edelweiss Tokio has affordable premium rates for their insurance plans. The customer can decide their premium amount and the term of paying according to their convenience. Edelweiss has different Insurance that serves other categories.
A customer can choose a plan based on the details below:
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.
The policy terms and sum assured depending on the plan chosen by the individual. The individual can choose based on their needs and benefits. They can use the calculator tool available online to get an idea about what the term plan premium calculations will be.
There is no upper limit for sums assured for Edelweiss Tokio term plans; the minimum limit for the sum assured is Rs.50,000.
If the policyholder forgets or misses paying a premium, a grace period will be given to the policyholders for making a premium payment. This grace period is for 30 days from the date of missed payment.
The Free-look period is provided for a for term insurance policy to consider its details. This period is of 15 days and begins from the day one gets the policy documents.
The Grace period is the period that is provided by the Insurance to the customer in case he is late for the payment of premium. This grace period provided for the payment of the premium is 30 days from the due date. This period may be shorter in case the premiums are being paid monthly.
For concluding the best Life insurance plan, one should keep the following factors in mind:
The individual can start by choosing a plan that is affordable to their convenience and covers the needs of their families. After selecting the project, the individual pays a premium amount for the particular time period. The maturity date differs for each Insurance policy. It can start from 5 years to 30 years, depending on the policyholder's age and the policyholder's preferences.
If an individual needs to get premium returns upon a policy's maturity, they can research well before investing.
The benefits of Edelweiss Term Insurance are as follows:
Yes. Edelweiss offers nomination benefits in their policies. Upon the Death of the policyholder, the person who is added as the nominee for that policy may receive the policy benefits from the insurer.
The different modes available for paying a premium are:
The customer or the policyholder can choose any one of the options from the above for paying their premium. Online wallets and Net Banking are easy to use options since the customer can pay their compensation from the comfort of their homes.