Insurance Plans 597 views November 21, 2019

Edelweiss Tokio Term Plan

Edelweiss Tokio Term plan – Overview

The Edelweiss Tokio term plan is of great use to anyone who wishes to cover their own lives in a comprehensive yet economical manner. The company offers some of the very best term plans in India. Edelweiss Tokio is considered to be one of the top life insurance companies in India. Let us find out what makes the insurer so good.

Term Insurance

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Why choose the Edelweiss Tokio term plan? 

There are many life insurance companies in India that offer very good term insurance covers. So why you choose your term plan from Edelweiss Tokio?  Here are some good reasons why:

  1. Comprehensive coverage – You get a comprehensive and wholesome life cover when you buy a term plan from Edelweiss Tokio. This is a very big advantage that is available to you from this insurance provider.
  2. Affordable rates – The prices of the term plan from Edelweiss Tokio are rather low and affordable. You need not exhaust all your money when you buy term insurance from this insurance company. You get some very good deals and it becomes possible for you to stay covered in a very economical manner.
  3. Helpful insurer – Edelweiss Tokio is a very helpful insurance provider. They have a very good and well-trained customer support team who you can reach out to at any time. This is a big advantage as you need an insurer who helps you out when you have doubts and queries.
  4. Ease of access – The insurance company has a very strong online presence. You can get all the information regarding the Edelweiss Tokio plan online. This apart, you can also buy term insurance online, pay your premium, etc with just the click of a few buttons.
  5. High claim settlement ratio – The claim settlement ratio of Edelweiss Tokio plan is quite high. This makes it safe for you to get your term insurance cover from this insurance company.

With so many benefits of  term plan from Edelweiss Tokio, there should not be any doubt left on why you should get a good term cover from the insurer.

How to choose the Edelweiss Tokio Term Insurance Plan? 

There are many options in term insurance available from Edelweiss Tokio. This is why you need to be careful and select an appropriate cover. Here are some tips to help you choose your ideal term insurance policy:

Go over the options – Edelweiss Tokio has many term plan on offer. Go over the options, read the policy wordings and then see which plan is most suitable for you. The good plans from this insurer include:

  1. Edelweiss Tokio Life – Zindagi Plus
  2. Edelweiss Tokio Life – Total Secure+
  3. Edelweiss Tokio Life – MyLife+

Make an assessment of your needs – Unless you know what you need, you will not be able to find the best term insurance plan of Edelweiss Tokio. So before you go shopping, make a list of your own requirements. See what kind of financial assistance your family members would need after your demise. Keep the figures and needs in mind and then choose a term insurance cover accordingly.

Keep an eye on the price – It is very important for you to keep an eye on the price of the term insurance plan that you look to buy. Everyone has different financial capacities. You should, therefore, look to buy a plan that suits your budget. If the premium rates are too high, you will struggle to pay them on time.

Once you have completed these steps, you will know which term insurance cover is best suited for you. You can simply go online thereafter and get a term cover that you feel would be of greatest use to you and to your family after your demise.

Questions to know before applying for term insurance in India

Here are some questions to ask before  you get the best term insurance plan in India:

What are the Edelweiss Tokio plan exclusions? 

Like all other forms of insurance, in term insurance to there are a few exclusions to take note of. It the death of the policyholder happens due to suicide or self-harm, the insurance claim may not be paid out by Edelweiss Tokio.

What is a payout in term insurance? 

You can opt for multiple payout options when buying an Edelweiss Tokio term plan. You can opt for the lump sum payout option, the staggering payout option or a combination of the two. Choose the option that would benefit your family the most.

For how long should I pay the premium?  

When you buy an Edelweiss Tokio term plan, you are given the option of a limited premium payment term. You can complete paying the premium in a shorter duration while staying covered for longer. You can also choose to pay the premium for the entire duration of the term life cover. As for the payment, it can be done annually, semi-annually, quarterly or monthly.

Get all your doubts regarding term insurance cleared before you buy a policy. You can call the Edelweiss Tokio helpline number or read the policy wordings on their website to get a better idea of the coverage available.

The final word

As you can see, you get many benefits when you buy the Edelweiss Tokio term plan. So if you are currently looking for a good term life insurance policy, do consider the options from Edelweiss Tokio. Keep all the points mentioned above in mind and make a suitable choice.

FAQs

What are the documents needed when buying term insurance? 

Getting term insurance in India is quite easy. You need to give the insurer a copy of your address and ID proof and proof of your income. No complicated paperwork is involved in the process.

Do term plan also offer joint policies for spouses? 

Yes, you can get enrolled an Edelweiss Tokio term plan along with your husband or wife. The coverage offered will be higher since two people will be covered under the same term life insurance policy.

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