Edelweiss Tokio Term Plan for Housewife is meant to provide life cover to housewives that are pillars of a house. A term insurance policy is essential due to the rise in health problems in women like breast cancer and Polycystic Ovarian Disease (PCOD). Apart from life cover, housewives can also benefit from term insurance plans that include added riders, such as a critical illness benefit. So, you should consider a term insurance policy to safeguard your spouse and your mother from financial hardship in the future. Fortunately, Edelweiss Tokio Life – Zindagi Plus can be a good option.Read more
*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
Edelweiss Tokio Life Zindagi Plus is a flexible term policy that meets changing insurance needs of the policyholder and his/her family.
You need to follow the below-mentioned steps to purchase the Zindagi Plus plan:
Choose the coverage amount you think best covers your family's interests. It is advisable to select a cover 20x your present income.
Edelweiss Tokio Life Zindagi Plus's USP is the "Better Half Benefit". This means that a spouse will receive a life insurance policy after the policyholder dies during the policy tenure. This will cover 50% of the policyholder's life coverage, up to Rupees 1 crore. The spouse will not have to pay any premium, and the nominee will also receive the claim amount. The fact that this plan covers housewives makes it unique and worth considering.
You can select this benefit at the start of the policy if it fulfills the below criteria:
The plan offers a customizable life coverage that protects your spouse against the COVID-19 pandemic.
When it comes to your wife's risk protection, you should not shy away from choosing a higher sum assured. When you do that, you also get rewarded with attractive discounts on premiums.
If your wife is ill or needs any medical tests, this plan covers those expenses. You can select a non-medical underwriting status of a Sum Assured up to Rs 99,99,000.
This plan will be your wife's best friend in case of any health concerns and even critical illness. Even you don't have to worry about paying premiums in your difficult times if you're diagnosed with any of the 35 critical illnesses listed below:
You can either pay the premiums till 60 years or till the policy tenure - it's up to you. This means the policy will be in effect for a long tenure, this protecting your wife for many years to come!
You can save on taxes by purchasing this term insurance policy under sections 10(10D) & 80(C) of the Income Tax Act 1961.
Term insurance provides many other benefits than life protection. You can add riders like a critical disease rider or an accidental death benefit rider to your term insurance policy. Housewives can be protected against medical costs by using riders like the critical illness benefit. The family can also benefit from the services of other riders, such as higher payouts, etc.
You can take the following riders under the Edelweiss Tokio Life Zindagi Plus Plan:
Your spouse needs to be at least 18 years of age. However, this can differ based on your plan. The various factors are as follows:
Housewives can benefit in many ways from a term plan. Edelweiss Tokio Term Plan for Housewife can ensure that your family is at least able to recover financially from your wife’s unfortunate demise, if not emotionally. Although no one can replace a loved one, financial assistance can make the process easier and more manageable over time. The sum assured amount can help children reach their goals and settle down, and housewives can leave a lasting legacy for their children.
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