Term Insurance Services

As a family person, you are concerned not just with your own happiness but also the happiness of your family and loved ones. One of the best ways to ensure that your family’s happiness and financial well-being is always taken care of is to buy a term life insurance plan.

Term insurance is a type of life insurance policy that provides coverage for a certain period or a specified "term" of years. Term insurance or term plan helps in securing the future of your family and financial dependents in case of death. If an unfortunate event occurs to the policyholder during the policy term, the nominee receives the cover amount also known as a death benefit or sum assured. The premium of term insurance is calculated based on the individual's health, age, gender, whether the insurer is a smoker or non-smoker, policy term, and the sum assured selected.

Benefits :

• High Life Cover At Affordable Cost : Term insurance policies offer the highest life cover for the affordable premium amount. The sooner you buy a term plan the affable will be your premium cost.
• Long Term Protection : Term insurance plans provide longer protection for you and your family at all stages of your life You can opt for whole life cover up to 100 years of age.
• Financial Stability : A term insurance plan secures your family’s future by providing financial stability even in your absence.
• Tax Benefits : You can avail tax benefits³ under Section 80(C) on your insurance premium. Additionally, the life cover payout also has tax benefits under Section 10(10D).
• Add On Benefits : Many term insurance plans offer a host of add on benefits and riders such as accidental cover, critical illness cover, etc., which you can add to the base plan as needed, at an additional cost.
• Peace of Mind : A term plan gives financial protection to your family which helps you live peacefully without worrying about the future.
• Protection for the Family : With the Better Half Benefit or the Child’s Future Protect Benefit, your term insurance plan Edelweiss Tokio Life Total Protect Plus can provide additional life cover for your spouse or your child respectively.
• Covid-19 Coverage : Edelweiss Tokio Life term insurance plans cover death caused by the ongoing Coronavirus pandemic. This ensures complete financial protection to the family in these trying times.