Edelweiss Tokio Life Raksha Kavach is a traditional term insurance plan micro insurance plan designed for rural population which provides life insurance coverage at minimal rates to take care of the protection needs of the lower income groups.
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|
Minimum |
Maximum |
Entry Age (Last Birthday) |
18 years |
50 years |
Maturity Age (Last Birthday) |
23 years |
55 years |
Policy Term (PT) in years |
5 |
|
Premium Paying Term (PPT) in years |
Single Pay or Regular Pay |
|
Premium Paying Frequency |
Annual |
|
Yearly Premium |
Depends on the age, Sum Assured, and term |
|
Sum Assured |
5000 |
50,000 |
Premium in Rupees for a Sum Assured of Rs.10, 000
Age at Entry (in years) |
Regular Pay |
Single Pay |
30 |
57 |
223 |
35 |
64 |
249 |
40 |
80 |
311 |
45 |
107 |
401 |
50 |
156 |
605 |
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with relevant KYC documents and photograph.
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