Edelweiss Tokio life- Zindagi Protect
  • 6% Discount on Premiums
  • Child Future Protect Benefit
  • Premium Break Benefit
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Edelweiss Tokio Life – Zindagi Protect Term Plan

A basic term insurance plan provides financial support to the dependent in return for the premium you have paid. But have you ever thought about what will happen if you fail to pay a premium on time in case of any financial issues? Unfortunately, your term plan will lapse, right?

To tackle this problem, Edelweiss Tokio has launched a term plan named Zindagi Protect. This enables you to break your premium 8 times and still be covered and enjoy all the exclusive policy benefits.

Edelweiss Tokio life- Zindagi Protect is a non-linked, non-participating pure-term insurance plan that provides the option to avail life insurance coverage up to the age of 100 along with the option to choose between 2 types of coverages from life cover option or return of premium.

Edelweiss Tokio Zindagi Protect Plan at a Glance

Features Specification
Entry age 18-65 years
Maturity age 23-100 years
Policy term 5-100 years
Premium paying term Regular/ Limited
Sum Assured 50 lakhs to 1 crore
Minimum premium (for all plans) Yearly – 3000
Half-yearly – 2000
Quarterly – 1250
Monthly – 300
Maximum premium No limit(depending upon the underwriter)

What are the Unique features of Edelweiss Tokio Life – Zindagi Protect?

The plan stands out due to the following features:

  • 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 and a maximum of 100% of the base sum assured as chosen by you at the inception of the policy.
  • Better Half Benefit

    Under this additional benefit, the 50% 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. The benefit can be added only at the inception of the policy and cannot be detached during the policy term. After the death of the policyholder, the future premiums are waived off.

    If the added spouse passes away before the policyholder, the benefit will not be paid.

Benefits of Edelweiss Tokio Life – Zindagi Protect Term Plan

Following are some of the other benefits that Zindagi Protect Term Plan offers:

  • Whole Life Cover

    The plan offers lifetime protection to the policyholder extending the maximum policy term up to 100 years of age.
  • Return of Premium Option

    The Zindagi Protect term plan offers you a return of premium option under which you'll 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).

    If the policyholder dies before maturity the nominee will get the assured death benefit as per the cover chosen and no maturity benefit will be paid under the same.
  • Multiple Death Benefits Payout

    You can choose the death benefit payout amongst the 3 available options such as:
    • Lumpsum
    • Monthly income
    • Lump sum + monthly income
  • Special Exit Benefit

    The policy allows you to exit while it's active if you feel that you do not need the term plan coverage anymore. This benefit is only available with the life option cover. You can avail this benefit at the 25th policy year for policy term between 40-44 years or the 30th policy year for policy term greater than 44 years.
  • Tax Benefits

    You can claim a tax benefit of up to 1.5 lacs under section 80c of the Income Tax Act 1961 for the same premium paid for the Edelweiss Tokio Life – Zindagi Protect plan and up to the 50,000 tax benefit for any health rider opted with the term plan.

Premium illustration of Edelweiss Tokio Life – Zindagi Protect plan

Given below is a premium illustration of a 27-year-old, male, non-smoker choosing a sum assured of 50 lakh for a policy term of 100 years along with the premium paying term of 20 years.

Sum assuredPlan typePolicy termPremium paying termPremium amount
50 lakhLife cover100 years20 yearsAnnually- 20,537 Monthly- 1807

List of Riders Available With Edelweiss Tokio Zindagi Protect Plan

Edelweiss Tokio offers four different types of riders to cater to the needs of every customer:

  1. Accidental Death Benefit Rider

    Under this rider, an additional death benefit will be paid along with the base sum assured of the plan in case the policyholder dies due to an accident during the policy term. The sum assured of this rider is payable in a lump sum amount, apart from the base policy payout option.

  2. Accidental Total and Permanent Disability Rider

    Under this rider, you will be paid an immediate lump sum amount if you haven't been able to earn for more than six months, due to any accident that causes you total or permanent disability.

  3. Critical Illness Rider

    Under this rider, you will be paid an immediate lump sum amount, upon the diagnosis of any listed 12 critical diseases including cancer, and brain tumor. With the immediate lump sum amount you will be able to manage the expenses for the treatment of the disease.

  4. Waiver of Premium Rider

    Under this rider, all the future premiums of your ongoing term plan will be waived off, in case you are diagnosed with any listed 12 critical diseases or you get physically disabled due to an accident during the policy term.

Documents Required to Purchase Edelweiss Tokio Life Zindagi Protect Term Plan

Here is the list of documents required to purchase Edelweiss Tokio Life Zindagi plus term plan:

  • ID proof: Aadhar card/PAN card/ Passport.
  • Age proof: Aadhar card/PAN card/ Passport.
  • Address proof: Aadhar card/PAN card/ Passport.
  • Income proof: Bank statement/ 3 months salary slips.

How to Buy Zindagi Protect Term Plan Online

Given below is the step-by-step process to purchase Zindagi protect term online from the insurer website:

  • Step-1:

    Open the Edelweiss Tokio insurance home page.

  • Step-2:

    Click on the term insurance section and select Edelweiss Tokio Zindagi Protect Term Plan.

  • Step-3:

    Fill in your details like date of birth, and e-mail address, and select smoker/non-smoker.

  • Step-4:

    Fill out your name, email address, city, country code, and mobile number and click continue.

  • Step-5:

    Select the suitable option for the premium paying term, Sum assured or choose a considerable rider if required.

  • Step-6:

    Make payment and fill out the proposal form by entering all the necessary details of you and the nominee.

Edelweiss Tokio Life – Zindagi Protect Term Plan: FAQ's

1. Does Edelweiss Tokio Zindagi Protect term plan and offer the return of premium option?

Yes, you get a return of premium option in the Edelweiss Tokio Zindagi Protect term plan under which you will get all of your paid premium back on outliving the policy term.

2. What is the maximum maturity age of Edelweiss Tokio Zindagi's protection term plan?

The maximum maturity age of Edelweiss Tokio Zindagi protects the term plan is 100 years, as the plan offers life cover up to 100 years of age.

3. What are the premium paying terms available under Edelweiss Tokio Zindagi's protection term plan?

Edelweiss Tokio Zindagi's protection term plan offers regular or limited premium paying options to the policyholder.

4. What is the minimum premium amount of Edelweiss Tokio Zindagi's protection term plan?

The minimum premium amount of Edelweiss Tokio Zindagi's protection term plan is 3000 per month.

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Read what our customers have to say about Edelweiss Tokio term insurance company

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Shreya

Pune

March 14, 2024

Recently, I need to know some basic details of my Edelweiss Tokio term insurance plans. I decided to call my advisor, Vaibhav Gupta, from Policyx.com, in order to know the plan details. He guid...

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Rohan Verma

Vijayawada

October 5, 2023

PolicyX.com made the process of buying Edelweiss Tokio term life insurance hassle-free. Their expertise in insurance is commendable.

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Rishi Sharma

Meerut

October 5, 2023

I appreciate PolicyX.com for their dedication to helping customers find the right insurance. Edelweiss Tokio term life insurance was my choice.

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Rani Devi

Jaipur

October 5, 2023

Edelweiss Tokio term life insurance, facilitated by PolicyX.com, offers peace of mind. Their guidance helped me make a well-informed decision.

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Rajesh Choudhury

Indore

October 5, 2023

PolicyX.com s platform is a game-changer when it comes to insurance comparison. I m satisfied with my Edelweiss Tokio term life insurance policy.

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Priya Kapoor

Guwahati

October 5, 2023

Edelweiss Tokio term life insurance, recommended by PolicyX.com, offers comprehensive coverage at an affordable price. Great value for money!

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Pranav Patel

Dehradun

October 5, 2023

I found the perfect term life insurance policy from Edelweiss Tokio on PolicyX.com. The detailed comparisons helped me choose the best one.

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Prachi Saxena

Coimbatore

October 5, 2023

PolicyX.com simplified the complex world of insurance for me. Edelweiss Tokio term life insurance was the perfect choice for my family s financial security.

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Varun Saxena

Written By: Varun Saxena

Varun is a passionate content writer with over three years of experience in the insurance domain. An avid learner, he stays ahead of the industry's trends ensuring his writing remains fresh and includes the latest insurance shifts. Through his work, Varun strives to engage with targeted insurance readers.