Edelweiss Tokio Term Insurance
Edelweiss Life Zindagi Protect is a non-linked, non-participating indi ...Read More
A quick read on what this Edelweiss Tokio Term Insurance term plan covers and why it might be a fit for you.
The Edelweiss Life Zindagi Protect is a pure-term insurance plan that provides financial support to your dependents in return for the premium you have paid. Have you ever thought about what will happen if you fail to pay a premium on time due to financial issues? Unfortunately, your term plan might lapse.
To tackle this problem, Edelweiss Life Zindagi Protect enables you to skip your premium payments up to 8 times and still remain covered, enjoying all the exclusive policy benefits. Additionally, the plan offers life insurance coverage up to the age of 100, along with the option to choose between a life cover or a return of premium option.
Edelweiss Life Zindagi Protect Plan offers a range of benefits, including:
A quick honest summary — the strengths and the trade-offs.
Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.
In this video, we are unpacking Edelweiss Tokio Term Insurance plans. With a stellar claim settlement ratio of 98.09%, Edelweiss Tokio is a reliable choice.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the Edelweiss Life Zindagi Protect Policy works with a simple premium illustration.
Mr. Verma is looking for a simple and affordable term plan that offers him life coverage along with a return of premiums.
His financial advisor advised him to buy the Edelweiss Life Zindagi Protect Plan. He visited PolicyX.com.
Let's understand how the Edelweiss Life Zindagi Protect Plan works for him with a premium illustration table.
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Sum assured |
| 27 years | Rs 20,537 | 100 years | 20 years | Rs 4,10,740 | Rs 50 lakhs |
Key Takeaways: In case of Mr. Verma's demise during the policy tenure, Rs 50 lakhs will be paid to the nominee.
You can add the following riders to your Edelweiss Life Zindagi Protect:
In case of the policyholder’s demise due to an accident, benefits are paid to the nominee.
Under this rider, you will be paid an immediate lump sum amount upon the diagnosis of any of the listed 12 critical diseases, including cancer and brain tumour. This immediate lump sum helps manage treatment expenses.
Under this rider, all future premiums of your ongoing term plan will be waived off if you are diagnosed with any of the listed 12 critical diseases or become physically disabled due to an accident during the policy term.
Under the accidental disability rider , benefits are offered in case of the policyholder’s disability or demise due to an accident.
Key features that make Edelweiss Life Zindagi Protect stand out.
Return of Premium Option
The Zindagi Protect term plan offers a return of premium option, under which you will get a lump sum payout equal to the total premiums paid for the plan upon surviving the entire policy tenure (apart from taxes and other charges).
Multiple Death Benefits Payout
You can choose the death benefit payout from three available options: lump sum, monthly income, or lump sum + monthly income.
Special Exit Benefit
The policy allows you to exit while it's active if you feel that you no longer need the term plan coverage. This benefit is only available with the life option cover. You can avail of this benefit at the 25th policy year for a policy term between 40-44 years, or the 30th policy year for a policy term greater than 44 years.
Choice of Policy Term
This plan allows you to choose the policy term that best fits your requirements.
Here are the key benefits of the Edelweiss Life Zindagi Protect.
Premium Break Benefit
Under the premium break benefit, you have the option to skip your premiums up to 8 times in the whole policy term due to financial issues. Your policy will still continue to provide coverage.
Child’s Future Protect Benefit
An optional benefit that pays an additional payout to your children in case of your demise. This benefit covers your child up to the age of 25 and offers a minimum payout of 10% of the base sum assured.
Better Half Benefit
Under this additional benefit, 50% of the sum assured (not more than 1 crore) will be paid to your spouse after your demise, and the rest will provide a life cover for the remaining policy term.
Whole Life Cover
The plan offers lifetime protection to the policyholder, extending the maximum policy term up to 100 years of age.
Here is the list of exclusions associated with the plan:
Edelweiss Life Zindagi Protect is a pure-term plan offering various benefits such as a premium break option, Child's Future Benefit, riders, joint life cover, and coverage up to 100 years.
If you are still confused about which term plan is best for you, you can contact us at PolicyX.com. One of our insurance representatives will contact you shortly, understand your requirements, and help you choose a plan that suits your needs.
Edelweiss Life Zindagi Protect is a pure-term plan that comes with various benefits such as a premium break option, child's future benefit, and whole life cover.
The 4 most-asked questions about Edelweiss Life Zindagi Protect, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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