Edelweiss Tokio Life MyLife+ Plan

Edelweiss Tokio Life My Life+ is a traditional Term Insurance Plan designed to take care of the protection ned of the policyholder.

Get ₹1 Cr. Life Cover at just ₹449/month+
No medical
checkup required
Covers
COVID-19
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
Happy Customers

+Tax benefit is subject to changes in tax laws.

++All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Get ₹1 Cr. Life Cover at just ₹449/month+
No medical checkup required
Covers COVID-19
+91
View plans
Please wait. We Are Processing..
Get Updates on WhatsApp
By clicking on "View plans" you agree to our Privacy Policy and Terms of use

Key Features

  • It is a pure term insurance plan with regular pay premium paying option.
  • Death Benefit can be availed in either lump sum or in monthly instalments or in a combination of both.

Benefits

  • The nominee gets the Sum Assured (SA) on death of the policyholder which is higher than 10 times the annual premium or 105% of all premiums paid till death under the Lump sum Benefit option.
  • Under the Income Benefit option, 1% of the SA is paid every month form the month following the death of the policyholder for a total of 130 months.
  • For the combination of both benefits, the applicable SA for each benefit is added to the SA of the other and a single policy is issued.
  • Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Product Specification:

 

Minimum

Maximum

Entry Age (Last Birthday)

18 years

60 years

Maturity Age (Last Birthday)

-

80 years

Policy Term (PT) in years

10

40

&

Entry age - 80

Premium Paying Term (PPT) in years

Equal to policy term

Premium Paying Frequency

Annual

Yearly Premium

2500

No limit

Sum Assured

25,00,000

No limit

Details About Premium

Annual premium in Rupees for a non-smoker for a 25 year term 

Age (in years) / Sum Assured

50 lakhs

1 crore

2.5 crores

35

4770

8510

19,625

40

6740

12,300

28,800

45

10,250

20,000

48,750

50

15,250

30,000

71,250

Policy Details

  • Grace Period: 30 days grace period is allowed for payment of premium.
  • Policy Termination or Surrender Benefit: there is no surrender value under the plan.
  • Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Additional Features or Riders

The plan offers the following Riders for additional protection:

  • Edelweiss Tokio Life – Accidental Total & Permanent Disability Rider
  • Edelweiss Tokio Life – Accidental Death Benefit Rider
  • Edelweiss Tokio Life – Waiver of Premium Rider
    • Saving on premium are given for high sum assured of Rs.25 lakhs and above.
    • Saving on premium for female lives.

Exclusions

In case of suicide committed within 12 months of policy inception or revival only 80% of premiums paid are returned to the nominee.

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ online and provide self-attested copies of KYC/AML Documents.

You May like to Read: Edelweiss Tokio Term Plan
Premium By Age

why buy term insurance

FREE Term Life Insurance Quotes in minutes

  • The Best Price
  • Get Upto 10% Online Discount
  • Dedicated Claim Assistance Program

+Standard T&C Apply



Term insurance articles

Recent Articles
Popular Articles
Compare Term Insurance

29 Sep 2022

Term insurance is the most affordable type of life insurance...
Read more
Term Insurance for Organ Transplants

29 Sep 2022

Organs plays an important role in the daily body’s...
Read more
Zero Cost Term Insurance: What makes this plan so attractive?

23 Sep 2022

Zero Cost Term Insurance is a new variant of term insurance that...
Read more
Zero Cost Term Insurance Plan

07 Sep 2022

Term insurance is the most common type of life insurance product...
Read more
What Will Happen to My Term Insurance If I’m in Coma?

05 Sep 2022

A coma is a long unconsciousness because of insufficient...
Read more
Term Plan with Return of Premium - TROP 2022 | Policybazaar
Term Insurance is a simple life insurance plan that provides financial coverage in the form of a life cover for a...
Read more
Zero Cost Term Insurance Plan
Term insurance is the most common type of life insurance product that provides financial protection to the family...
Read more
Term Life Insurance for NRI in India
Every bread-earner wishes to provide financial security and stability to his/her family in some way. Whether you...
Read more
LIC Term Insurance 1 Crore
If you have a LIC term insurance 1 Crore handy, you can cherish all your happy moments as you have made a fine...
Read more
Types of Deaths Covered and Not Covered by Term Insurance
Types of Deaths Covered and Not Covered by Term Insurance When it comes to securing the future of your loved ones or...
Read more

top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL