Edelweiss Tokio Life -My Life+ - Cover Rs. 1 Crore, 25 years Term, Annual Premium Rs. 5,562
An online term plan that offers coverup to the age of
80 years
§
Term Insurance for up to 80 years of age, highest in the Industry
§
More payout options– as a lump sum or as a monthly benefit or combination of
both so that it is easier for your family to manage the benefit amount
§
More protection options through addition of accidental death, disability and
waiver of premium riders
§ INR 1 Crore cover at just INR 5562 (computed for 25 year old healthy male for a
term of 25 years)
Edelweiss Tokio Life Insurance, anEdelweiss
Financial ServicesGroup Company,today launched Edelweiss Tokio Life–MyLife+, an online
term plan that covers your life and provides security to your family. It
provides a great opportunity to secure one’s family in a comprehensive manner
with a choice of payout options, riders and for longer term period.Edelweiss
Tokio Life – MyLife+ is being offered exclusively online and hence one can
choose to protect the family from the comfort of one’s home.
The minimum entry age for the policy is 18 years and
the product offers two death benefit options; Lump-sum benefit option
and Income benefit option. One can choose between a combination
of both the options as well, depending on the family’s need, level of financial
literacy & stage of life.
Therefore the kind of benefits that one could avail
are as follows:
Lump-sum benefit option: Under this option, a lump-sum benefit equal to the
sum assured will be paid on death of the life insured and policy will
terminate.
Income benefit option: Under this option, 1% of sum assured will be paid
every month for the next 130 months starting from next month from the date of
death.
A combination of both the lump-sum benefit and the
income-benefit.
Mr. Deepak Mittal, MD &CEO, Edelweiss Tokio Life said, “At Edelweiss Tokio Life customer needs are
always at the forefront of new product development. In the case of Edelweiss
Tokio Life – My Life+, two key needs that were identified were – a need for
longer term period and the choice of payout options that best suits their
families. The need therefore was the creation of a term plan which offers customers
the choiceof a payout option – monthly, annual or a combination of both. One
also has the option to select the term period up to the age of 80 years; the
highest in the industry. Edelweiss Tokio Life -My Life+iscompetitively
priced, a cover of Rs. 1 Crore and
available to a 25 year old non-smoker male for a term of 25 years at an annual
premium of just Rs. 5562. We believe that
this product will change the dynamics of buying online insurance in the
country”
For media Contact
Mr. Udaya Kumar
99406 37802
Email: ukumar@perfectrelations.com
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