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Term Insurance 918 views November 21, 2019
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The Edelweiss Tokio term plan is of great use to anyone who wishes to cover their own life 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.
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:
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.
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 the best term insurance policy
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:
It’s an innovative term plan offering you a life cover, additional life cover for your spouse under the half-benefit option. It offers financial protection against 35 critical illnesses of which Heart Attack, Cancer, Kidney Failure are some. Discounted premiums are offered on choosing a high sum assured.
This protection plan comes with 4 Life Cover variants, 3 Premium Payment and 2 Premium-payout options. The 4 Life Cover variants provide protection against disability, 12 critical illnesses, as well as additional payment upon accidental death. You have three premium payment options –
It’s a limited pay term plan that provides life cover, an additional life cover for spouse with the better-half benefit option. The premium payment term options are 5,7,10, 15 and 20 years. With a limited pay, you can pay premium for a limited period but will continue to get cover for the policy term you choose at inception.
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.
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.
Here are some questions to ask before you go for the Edelweiss 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.
What are the documents needed when buying Edelweiss term insurance?
Getting term insurance from Edelweiss 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.