Edelweiss Tokio Life Total Protect Plus Plan

Edelweiss Tokio Life Total Protect Plus is a term insurance policy that protects you and your family against financial risks. You get all-around protection in this plan. Moreover, your better half can have additional or optional life coverage, as well as a sum assured option to help protect your child's future. This means that the plan will cover your spouse and your child even when you aren't there.

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Get ₹1 Cr. Life Cover at just ₹411/month*
No medical
checkup required
Save more with
upto 10% discount**
Covers
COVID-19
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
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*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 ₹411/month*
No medical checkup required
Save more with upto 10% discount**
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Key Features of Edelweiss Tokio Life Total Protect Plus Plan

The Edelweiss Tokio Life Total Protect Plus plan has the below features:

  • 5 Riders for Accidental Deaths, Disabilities, Accidental Deaths & Hospitalization and Critical Illnesses. 
  • Better Half benefit option to protect your spouses in the same plan.
  • ​The Child's Future Protection Benefit option provides additional life insurance during your child's growing years.
  • A life insurance policy that includes death cover due to uncertainties such as COVID-19 & can help to secure your family's financial future.
  • 6% discount applicable on your first-year premium if you have completed your medicals within seven days.
  • Option to get life insurance coverage up to 100 years of age.

Eligibility Criteria of Edelweiss Tokio Life Total Protect Plus Plan

The policy provides the death benefits and then gets terminated if the policyholder dies during the policy term. However, the policy will end without further benefits if the policyholder survives the policy's expiration date.

The eligibility criteria to purchase this policy is as follows:

Minimum Entry Age (Years)

18

Maximum Entry Age (Years)

55

Minimum Maturity Age (Years)

28

Maximum Maturity Age (Years)

100

Minimum Plan Tenure in Years

10

Maximum Plan Tenure in Years

100 years minus entry age

PPT (Premium Paying Term) in years

Same as Plan tenure (Regular Pay)

Base SA in INR - Minimum

25,00,000

Base SA in INR - Maximum

Depends on Underwriting rules approved by the board

Premiums to pay - MInimum

Semi-Annual — 2000, Annual — 3,000,

Monthly — 300, Quarterly — 1,250

Premiums to pay - MInimum

Depends on Underwriting rules approved by the board

Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

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

How the Plan Works

Mentioned below is the step by step way in which this plan works:

  • Step 1: Select the amount of your life cover and the policy term you desire.
  • Step 2: Select the premium payment term, base sum assured, and frequency of paying premiums. 
  • Step 3: Select a medical or non-medical underwriting status. The premium charges differ based on the underwriting status selected.
  • Step 4: You can choose additional benefits such as the Child's Future Protection Benefit or Better Half Benefit. Each Additional Benefit will attract an additional premium.
  • Step 5: Select from the following death benefit payment options: 'Lump-sum,' 'Monthly income,' or "Lump-sum plus monthly income."

Plan Benefits

The Edelweiss Tokio Life Total Protect Plus plan comes with several benefits. However, these additional benefits are available at plan inception and will be subjected to the board-approved underwriting policy.

  1. Child's Future Protect Benefit:

    You can pay an extra premium to obtain additional life insurance for your child until he/she turns 25. This helps make sure your child can choose the career path he/she desires when you are not around. The insured parent can choose a percentage of the assured sum at policy inception. This percentage lies between 10-100 of the based SA amount.

    However, if the insured parent dies before the child turns 25, the extra child benefit and base sum assured will be paid to the nominee, and the plan will terminate. If the insured parent survives till the kid turns 25, the plan will continue with the base sum assured amount. The premium for the same needs to be paid.

  2. Better Half Benefit

    This add-on benefit lets you protect the life of your spouse by adding 50% of your life coverage (which can be a maximum of Rupees 1 Crore) when you're not around, subject to extra premium. This benefit is only applicable when the policyholder passes away while the policy is still in effect.

    Moreover, the below-mentioned benefits also come into effect if the insurer passes away during the policy term:

    • The nominee will be entitled to Death Benefit.
    • Spouse life coverage begins and continues for the remainder of the policy term or the spouse's death, whichever is earlier.
    • The spouse is not required to pay future premiums.

    Note:

    After the commencement of risk coverage, if the spouse passes away, the policy ends with the Better Half Benefit Sum Assured given to the nominee. This sum assured is half of the policyholder's insurance coverage amount of Rupees one crore.

Death Benefit Payment Modes

There are two main modes of death benefit payments, as discussed below:

  • Monthly Income: For a fixed number of months, a specific percentage of the Death Benefit will be payable starting at the next policy monthiversary after the date of death.
  • Lumpsum: Death Benefit will be paid in a lump-sum total.

Depending on the number of months, the exact death benefits are mentioned in the table below:

Percentage of leftover death benefits after paying the lump sum amount (if any)

Time (in months) for Benefits Paid

36

60

3.020

1.917

Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

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

Lumpsum plus Monthly Income

You have the option to choose whether you want a portion of the Death Benefit in a lump sum and the remaining amount in monthly payouts. You can choose a lump-sum total between 1-99%. Multiples of 1% must be used to determine the lumpsum percentage. For example, you can choose from 1%, 2%, 3% and so on. However, the percentages cannot be in decimals like 1.2%, 2.35%, etc. 

The Monthly Income will be applied in the same way as described under "Monthly Income" mode. Once the death benefit payment mode has been selected, it cannot be changed over the policy term. If there is an Additional Benefit, the death benefit payment method for that benefit will be the same as for the death benefit for policy options.

Rider Benefits

A rider can be added to your base plan as an additional provision. A nominal premium can be paid for riders to make your plan more complete. Riders may be added at the policy anniversary or the policy inception. All riders are subject to underwriting.

This plan offers the following riders:

  1. Accidental Death Benefit Rider (UIN: 147B002V03)

    The rider offers financial protection in the event of an accident-related death. The benefit can also be paid in a lump sum.

  2. Accidental Permanent & Total Disability Rider (UIN: 147B001V03)

    This rider will provide you with a lump amount to cover your immediate expenses if your income earning capacity is affected by an accidental disability (total or permanent).

  3. Critical Illness Rider (UIN: 147B005V03)

    This rider covers a lump-sum total upon diagnosis of any of the critical illnesses listed in the plan.

  4. Waiver of Premium Rider (UIN: 147B003V04):

    If you are seriously ill or permanently disabled due to an accident, this rider will waive future premiums.

  5. Hospital Cash Benefit Rider (UIN: 147B006V03)

    If the insured is hospitalized, this rider will provide daily allowance as post-hospitalization benefits.

    The sum assured under a rider can't be more than the sum assured upon the insured's death. The premium paid to all riders (except for Critical Illness or health riders) cannot exceed 30% of the assured sum. The premium paid for any Critical Illness or health-related Rider must not exceed 100% of the base product premium.

    A rider may be added if their outstanding premium-paying term for the base product is not less than five years. Riders must also meet the rider's age, premium payment terms, and rider term limits. Riders whose term exceeds the remaining term of the base policy will not be offered.

Other Benefits

  1. Tax Benefits 

    This Policy provides tax benefits as per Indian Income Tax laws and any amendments thereto from time to time.

  2. Policy Loan

    This policy does not allow the policyholder to take loans on the policy. 

  3. Maturity Benefit

    There are no maturity benefits offered under the life cover option.

FAQ's

  • Question: How much is the minimum and maxim sum assured amounts?

    Ans: If you choose the Life Cover Option, then the minimum amount assured is Rs. 25,00,000. The minimum amount assured for the Return of Premium Option is Rs. 10,00,000. The minimum amount assured for the Live Long Option option is Rs. 25,00,000.
    The maximum sum assured does not have an upper limit because it is subject to board-approved underwriting policy.
  • Question: What is the free look period of this policy?

    Ans: The policy will be activated with a 15-day free look period. The free look period for policies sold via distance marketing (where distance means selling insurance products by any other means than in person) is 30 days.
  • Question: Does this plan cover COVID-19 claims?

    Ans: Yes, this policy protects the insured against the COVID-19 Pandemic. 
  • Question: Does the plan has any exclusions?

    Ans: If the Policy is still in force, the nominee will be entitled to at least 80 percent of the Premiums paid if you pass away due to suicide under 12 months of policy renewal or within 12 months of the Risk Commencement Date.
    The below-mentioned exclusions will be applicable if you have chosen the "Better Half" benefit:
    • This benefit is not applicable if your spouse dies before you.
    • If you and your spouse die simultaneously, the Better Half Benefit will not be applicable.
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 30 Reviews)
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Edelweiss Tokio Life Total Protect Plus Plan Reviews & Ratings

4.6 / 5 (Based on 30 Reviews)
(Showing Newest 25 reviews)
Anand
Anand, April 07, 2021
Add on benefits
With the term insurance plan I got the additional benefits too with the minimum amount of payment. This plan has been a great thing for me. I got some of the benefits added in my term plan as it will give my plan a much better enhancement. It is possible with edelweiss tokio and policybazaar. Thanks team.
Natasha
Nadasa, April 05, 2021
Check premium online
It is really easy to check for the premium price online. I bought this edelweiss tokio plan from the website of the policybazaar. It is easy for me to understand about the term plan and to buy it conveniently. Thanks to whole team of policybazaar.
Vishal
Andipatti, March 31, 2021
Add on benefits
With the term insurance plan I got the additional benefits too with the minimum amount of payment. This plan has been a great thing for me. I got some of the benefits added in my term plan as it will give my plan a much better enhancement. It is possible with edelweiss tokio and policybazaar. Thanks team.
Alisha
Sheikhpura, March 23, 2021
Check premium online
It is really easy to check for the premium price online. I bought this edelweiss tokio plan from the website of the policybazaar. It is easy for me to understand about the term plan and to buy it conveniently. Thanks to whole team of policybazaar.2
Ashok
Ashok Nagar, February 16, 2021
Got the best
I have got the best term insurance plan with the help of the policybazaar. I am really liking this product as it has given me so much of facilities in one plan. I have got the edelweiss tokio life insurance plans.
Kartik
Nandyal, February 16, 2021
Get best coverage
I got the one of the amazing plan from the policybazaar and it has the great coverage. I bought the edelweiss tokio life insurance and I got it done from the website of the policybazaar. Thanks a lot team.
Abha
Badami, February 16, 2021
Compare and buy
I have recently bought a edelweiss tokio term insurance plan from the policybazaar. It is one of the best plan and before buying it I compared it a lot. All thanks to whole team for providing the best plan.
Rajesh
Madhupur, January 29, 2019
Good Services
I have checked different plans of Edelweiss Tokio Life Insurance Company with the help of policybazaars agent who was really helpful. One thing that you must keep in your mind while opting for plans of Edelweiss is that they are pure life insurance plans and hence will work the best income replacement for my family. Apart from this, the customer support executive has also advised me about the customization feature of the policies that I can use to include my needs.
Suhasini
Manesar, July 19, 2016
Term Insurance Plan
My term insurance plan is fantastic which has maximum coverage in low investments. Policy premiums are less and this great plan i have is from edelweiss tokio life insurance. Service is very well given by the company members. Updates of the policy send to my account regularly.
Maanveer
Gurdaspur, July 19, 2016
Good Coverage
The edelweiss tokio life insurance is fine insurance company. I took term insurance plan in low investments and it has low premiums too. I got this plan after long searching on internet. The online portal sites provides easy renewals of the plans.
Ranbir
Bangalore, May 20, 2016
Perfect Policy
I purchase edelweiss tokio term insurance plan. Policy coverage is good ~90% and the premiums are low approx. 34 K. Claiming is easy and the waiting time is very less due to fast and on time services from executives and the staff members. Good future investment and it reduces my taxes too.
Chirag
Pune, May 20, 2016
Quality Investment
I buy edelweiss tokio life insurance policy and the product is term insurance plan. The premiums are ~Rs.32 K per year. The claims are good and easily sanctioned. Service facilitate by executives and staff members are very nice and fast. The policy saves taxes and it is really very good investment for future. Daily updates are send to me timely.
Bhupesh
Nagpur, May 20, 2016
Trustworthy
I buy term insurance policy plan from edelweiss tokio life insurance. The policy is good and the premiums are very less. The best investment and the taxes are also saved. Policy coverage and claims are good and the services is super. Good behaviour shown by executives and staff members.
Abhinav
Gwalior, May 20, 2016
Awesome Plan
The edelweiss tokio term insurance plan is one of the best policy. Policy coverage is approx. 85% and the claims are good even the the claiming procedure is easy because the service provided by the executives and staff members are good and even the web services are even better. The premiums are low and for women get 5% less extra benefits on premiums. Good tax saver too. I like the policy.
Deepak
Gurgaon, March 12, 2016
Best policy
I applied the term plan with policy bazaar of Edelweiss tokio and i had the good experience with service , next day onward they collect my medical sample so over all that was the good experience
Vijay
Gurgaon, February 23, 2016
Best Services
I am delighted with the support and help received from Edelweiss team.They were very helpful and polite till the time policy was issued.Would like to thank the entire team for a quick and efficient way of doing business and for providing clear info.
Sujit
Meerut, February 23, 2016
Perfect Policy Plan.
After frnd advice I got a policy which has great benefits. Nice investment for future and also my taxes are become lesser. Edelweiss tokio term insurance policy plan is the best. Claims are high and investment are low.
Plan Name: MyLife+ Lump sum
Agent Code: BBE06002
Ayush
Delhi, February 23, 2016
Good Service.
I own edelweiss tokio term insurance policy plan which provide okay facilities and terms. The policy coverage is 80% and premium is ~Rs.5000. Claims are easy to get due to rapid service provided by executives.
Plan Name: MyLife+ Lump sum
Agent Code: BPW01260
Ok
Sonipat, February 20, 2016
superb plan.
I have edelweiss tokio term insurance policy plan. The policy is perfect with good policy coverage and claims. The investment is less and the return is high. Service is very rapidly processed. I like the plan.
Plan Name: MyLife+ Lump sum
Agent Code: BPW00250
Umesh
Mumbai, February 19, 2016
TERM
1ST THANKS POLICY BAZAAR AND ALSO EDELWEISSTOKIO SUCH NICE COMPANY , AND NICE BENIFITES. LIKE 80 YRS COVERED.
Vinod
Vadodara, February 19, 2016
Good Service.
My term plan is with edelweiss tokio life insurance. The policy was good and the premiums is low. Policy coverage is 80% and claims are Rs.19 lakhs. Services are the best and really very fast with good interface between customer and executives.
Plan Name: MyLife+ Lump sum
Agent Code: BBE06002
SATHYA
Chittoor, February 14, 2016
"Nice Policy"
My policy is nice with services and the claim is much more than investment. Policy coverage is 80% of the claim before policy mature. The life insurance term plan by tokio is good then others.
Plan Name: MyLife+ Lump sum
Agent Code: BPW01888
Jayashree
Mangalore, February 14, 2016
"perfect plan"
My policy plan is the best with great benefits. Low investment and in return huge amount is given by the terms of policy. Service you provided is awesome and the policy coverage is 97%. Great work.
Plan Name: MyLife+ Lump sum
Agent Code: BPW00250
Ramesh
Pune, February 14, 2016
Awesome Plan
I have plan with edelweiss insurance. Policy is great with good customer service and the policy coverage is high but yeah premium is also good. Claim is the section which covers all the things. ~rs.32 lakhs.
Plan Name: MyLife+ Lump sum
Agent Code: BBE05845
ANANT
Ratnagiri, February 14, 2016
Very nice.
My insurance plan is the best and i'm happy with it. The service provide is really good and the investment is low. Policy coverage is high and the claim is high ~Rs.30 lakh. All paper work and other stuff is managed by home that's the best part.
Plan Name: MyLife+ Lump sum
Agent Code: BPW01888
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