Insurance Plans 420 views March 7, 2020

Edelweiss Tokio Money Back Plan

The Edelweiss Tokio Money Back plan is a very good life insurance policy that offers multiple benefits. You get a regular monetary payout, you get a death benefit and you also get a maturity benefit, along with all the standard tax benefits. Take a look at this article to know more about this very handy life insurance plan from Edelweiss Tokio.

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Reasons why you should get the Edelweiss Tokio money back plan

Here are some reasons why you need to get this Money Back Plan:

  1. Easy to buy – Buying life insurance these days has become very easy. You can go online, research upon the plan and make a purchase in just a few minutes. Make full use of this benefit and get the Edelweiss Tokio money back plan in an easy and hassle-free manner. Stay covered and enjoy the benefits of the plan thereafter.
  2. Excellent life cover – The plan offers a minimum sum assured of Rs 5 lacs while there is no limit on the maximum amount. This is a substantial amount and offers an excellent life cover. If you die suddenly, your loved ones can stay economically protected with the death benefit they receive.
  3. Many benefits – Apart from the death benefit, you also get a maturity benefit if you outlive the policy period. A minimum of 200% of the total premium paid over the years is given to you as a maturity benefit. This is a huge amount and helps you to plan for your future.
  4. Tax rebate – The premium you pay for the Edelweiss Tokio money back plan is tax-exempted up to Rs 1.5 lacs a year, under Section 80 C of the Indian Income Tax Act. This is a good way to save tax while keeping your life insured as well.
  5. Source of regular income – The plan offers a regular payout since it is a money-back endowment policy. You thus have a regular source of income that helps you to meet the financial milestones of life in a smooth manner.
  6. Reliable insurer – Edelweiss Tokio is among the top life insurance companies in India. It has a high and healthy claim settlement ratio of 95%. You, therefore, are guaranteed the best service and assistance from the insurer when you need them. The customer support team is also very helpful. This is a very important benefit as buying life insurance from an unreliable insurance provider becomes a huge risk.

These are the main benefits you get when you invest in the Edelweiss Tokio money back plan.

To wrap it up

It is crucial for you to have a life insurance plan as life is very unpredictable and you never know what danger waits at the next corner. Getting a good life cover such as the Edelweiss Tokio money back plan can keep your family financially secure even after you die. This apart, the plan offers many other benefits too, as we saw above. So go ahead and get the Edelweiss Tokio money back plan and get all the advantages you deserve.

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