Life Insurance can be a life saver in any crisis. They can be the difference between life and death. Having a life insurance is the best way to cover yourself and provide security to your family. Most of the companies especially IT companies provide personal life insurance for the employees and for their immediate family members.
Edelweiss Tokio Life Insurance has one of the best life insurance plans that you can have. You can get life insurance coverage for yourself and family at a very competitive price.
Features and Benefits
Some of the key benefits of Edelweiss Tokio Life Insurance are :
- Life coverage upto 80 years of age
- You can get the benefits as a lump sum or in a monthly manner or both. It’s your choice.
- Additional benefits include coverage of accidental death benefit, disability and waiver for premium riders.
- Attractive premium for high sum assured amounts.
The eligibility criteria as well as the plan that you have available are very attractive. The minimum entry age for the plan is 18 years and the maximum entry age is 60 years. However, the maximum maturity age is 80 years. You also have the option of various policy terms starting from 10 years upto 80 minus entry age. The minimum sum assured is Rs. 25,00,000 and the minimum premium is Rs. 2,500. You can check out the screenshot below.
Comparison Between Edelweiss and Tata AIA Life Insurance
When you compare with life insurance plans provided by some other companies, you will notice that the options you get here are more diverse. For the sake of comparison, let’s analyze what benefits Tata AIA Insurance Plan provides.
- The minimum entry age is 6 years and maximum entry age is 55 years.
- The maximum maturity age is 67 years.
- They have only one policy term which is of 12 years.
You can take a look at the screenshot below of Tata AIA Life Insurance Plan Summary.
It’s clear that with Edelweiss customers get more varieties of options available which can be easily customized to suit their needs.
Edelweiss Benefit Summary
Edelweiss provides two benefit options – lump sum benefit option and income benefit option. You can choose either one or both. Both of them are only applicable on death of life insurance. Under the lump sum benefit option, the customer will receive the assured sum. Under the income benefit option, the customer will get 1% of the assured sum every month for the next 130 months. No benefit is payable on both maturity and surrender.
Other than these, Edelweiss also has Rider Benefits. There are actually 3 Rider Benefits available with Edelweiss.
- Accidental Total and Permanent Disability Rider
- Accidental Death Benefit Rider
- Waiver of Premium Rider
So, make sure you check out the Edelweiss life insurance plans because you really have a lot of options.