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Edelweiss Income Replacement Insurance Plan

Edelweiss Income Replacement Insurance Plan is a comprehensive term insurance option designed to address the financial gap that may arise for families in the unfortunate event of the policyholder's demise. This plan for income replacement offers customizable and flexible features, presenting the choice between a lump-sum payout or a monthly income. The aim is to ensure financial security and provide peace of mind for the families of policyholders.

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Let's understand the Edelweiss Income Replacement Insurance Plan in detail.

What Is Edelweiss Income Replacement Insurance Plan?

The Edelweiss Income Replacement Insurance Plan is a life insurance plan designed to provide loved ones with a lump-sum payout in the event of the policyholder's death during the policy tenure. Offering flexibility in payout options, such as a lump sum or monthly income, and incorporating additional riders for critical illness and accidental death benefits, Edelweiss term plans deliver a comprehensive solution for income replacement. This ensures both financial security and peace of mind for policyholders and their families.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

How does the Edelweiss Income Replacement Insurance Plan work?

Let’s understand with the help of an example:

Arjun, a non-smoking man of 33 years of age with an annual salaried income of Rs. 12 Lacs, bought a term life insurance plan to protect his loved ones financially. As the bread winner of his family, he wished to purchase one of the term plans for his dependents. After comparing from among 15+ term plans on Policybazaar, he finally selected the Edelwiess Tokio Life Zindagi Protect Plan as it aligned best with his circumstances and goals. Arjun went for a 1 Crore life cover for a policy tenure of 30 years, and he will be paying Rs. 1014/month for the same term. Hence, in the unfortunate event of his demise, the life cover will act as a replacement for Arjun's income, and his nominees will receive it as the death benefit.

What Are The Benefits Of Edelweiss Income Replacement Insurance Plan?

Here are the benefits of Edelweiss Income Replacement Insurance Plan:

Death Benefit: If the policyholder passes away during the policy term, the Edelweiss Income Replacement Insurance plan offers a lump-sum payout to the nominee or beneficiary. This lump sum, known as the "death benefit," serves as a financial safety net to compensate for the income lost due to the policyholder's demise.
Income Replacement: The purpose of the death benefit is to serve as a replacement for the policyholder's income, guaranteeing the fulfillment of the family's financial requirements in the event of the primary breadwinner's absence. This coverage extends to daily expenses, settling outstanding debts, meeting future financial objectives, and addressing various monetary obligations.
Customizable Coverage: Edelweiss Income Replacement Insurance plans provide flexibility in selecting the sum assured, allowing individuals to match the coverage with their income levels and financial obligations. This personalized approach ensures that the payout effectively substitutes the policyholder's income.
Option for Monthly Income: Certain term insurance plans, including those available through Edelweiss, might offer the choice for the beneficiary to receive the death benefit in the form of a monthly income rather than a one-time lump sum. This option can be especially advantageous in handling ongoing expenses and securing a consistent flow of income.
Financial Security for Dependents: Edelweiss Income Replacement Insurance plan is aimed at offering a comprehensive financial safety net for the policyholder's loved ones, helping them maintain their quality of life and standard of living and meet existing financial commitments.
Additional Riders: Edelweiss Income Replacement Insurance plans frequently come with optional riders or add-ons designed to enhance coverage. These additional features may encompass critical illness riders, accidental death benefit riders, or waiver of premium riders, providing an additional layer of protection and customization to the policy.
Tax Benefits: Enjoy tax deductions under applicable sections of the Income Tax Act 1961, such as Section 80C, 10(10D), etc.

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

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How To Buy Edelweiss Income Replacement Insurance Plan From Policybazaar?

Here are the steps to buy Edelweiss Income Replacement Insurance Plan from Policybazaar:

Step 1: Visit the official website of Policybazaar and go to ‘Term Insurance’
Step 2: Provide your basic details, like date of birth, name, contact details
Step 3: Click on ‘View Plans’
Step 4: Mention other details, such as your smoking/tobacco consumption habits, annual income, occupation and educational qualifications
Step 5: Choose the Edelweiss term plan from among the listed options and proceed to pay
Step 6: Select your preferred payment method and pay to complete the purchase process

*Note: It is suggested to firstly understand what is term insurance and compare from among multiple term insurance options and then go ahead with buying your ideal plan.

Wrapping It Up!

For those bearing the responsibility of family support or asset protection, Edelweiss's Income Replacement Insurance is crucial. Ensure family’s financial security by efficiently comparing term plans from 15+ insurers on Policybazaar. This strategic approach allows you to choose the term insurance plan aligned with your needs, providing comprehensive financial protection for your loved ones and dependents.

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

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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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

+On the basis of your profile

+Rs. 410/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10

+Rs. 410/month (Rs.14/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age rounded off to nearest 10

+Rs. 245 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10

+Rs. 15/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10

+Rs. 504/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 494/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 636/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 918/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,286/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 453/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.582/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 786/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,592/month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 525/month is the starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 68 years of age.

+Rs. 668/month is starting price for a 2 crore term life insurance for an 25 year-old male, non-smoker, with no pre-existing diseases, cover upto 45 years of age.

+Rs. 1,200/month is starting price for a 2 crore term life insurance for an 35 year-old male, non-smoker, with no pre-existing diseases, cover upto 55 years of age.

+Rs. 410/month is starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 577/month is starting price for a 1 crore term life insurance for an 18 year-old Male, self employed, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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