Edelweiss Tokio Life Simply Protect Plan is a term insurance plan with 4 different life covers that can protect your family from financial bottlenecks in case of your demise. Besides, the corpus received will help your family maintain the same lifestyle in your absence and help your children achieve their dreams without giving them up for fulfilling the family’s financial needs.
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Edelweiss Tokio Life Simply Protect Plan is a non-linked, individual, pure risk premium, and non-par life insurance product that offers significant life coverage. The premiums for these plans are also affordable as per industry standards.
Edelweiss Tokio Life Simply Protect Plan is offered with 4 different options that provide specific benefits to the policyholder.
You can start your insurance experience on the right track with Edelweiss Tokio Life Simply Protect Plan-Life Cover option. This is a basic plan that will provide a sum assured to the nominee in the form of a lump-sum amount or income benefit depending on the chosen payable option.
Tragedy may happen anytime and anywhere in someone’s life. Hence, this option can be availed, and the nominee will receive an additional sum or payout along with the sum assured in case the policyholder dies due to an accident.
If a policyholder meets with an accident and becomes permanently disabled with it. Then the future premium payments will be waived off if you choose this life cover option.
This option covers the following critical and life-threatening illnesses:
Particulars |
Applicable Details |
Plan type |
Non-linked, individual, pure risk premium and non-par life insurance product |
Minimum entry age |
18 years (last birthday) |
Maximum entry age |
65 years (last birthday) |
Maximum maturity age |
80 years (last birthday) |
Policy duration (in years) |
10 to 40 For life coverage up to age 80 years: 62 years |
Premium Paying Term (PPT) |
Single pay, regular pay, or Limited pay of 5,10,15,20 years |
Premium Payment Frequency |
Single/ Yearly |
Minimum premium |
Rs 3000+ taxes |
Minimum sum assured |
Rs 25 lakhs |
Maximum sum assured |
No Limit, subject to underwriting |
Various combinations of premium paying terms and policy term provided under Edelweiss Tokio Life Simply Protect Plan is given below:
Premium Paying Term |
Maximum age at entry |
Single payment, Regular payment, 5-year, 10 years, |
65 years |
15 years |
60 years |
20 years |
55 years |
Premium Paying Term |
Policy term offered |
Single payment |
10 to 40 years |
Regular payment |
10 to 40 years |
5years |
10 to 40 years |
10 years |
15 to 40 years |
15 years |
20 to 40 years |
The salient features of Edelweiss Tokio Life Simply Protect Plan are:
The main benefits of availing Edelweiss Tokio Life Simply Protect Plan are:
Edelweiss Tokio Life Simply Protect Plan policy can be availed by following the below steps:
Edelweiss Tokio Life Simply Protect Plan policy is a term insurance plan filled with excellent features and benefits that can help secure your family’s financial future in case of your untimely death or after the policy term reaches maturity. There are four different variants of this plan that you can choose based on your requirements.
Also, there are other add-on features like flexible payment, policy terms, tax benefits, discounts on the higher sum assured, and many more. If you have planned to buy a term insurance plan that provides most of the available benefits in the insurance sector, then the Edelweiss Tokio Life Simply Protect Plan policy might be the right choice.