Page 46 - Insurance Times June 2019

Life Insurance Plan

Zindagi Plus Plan

from Edelweiss Tokio Life Insurance

Company Limited

Edelweiss Tokio Life - Zindagi Plus is an innovative Payout Options
and customisable life insurance plan. It offers unique The policyholder can choose between three death benefit
benefits that addresses your immediate as well as future payment options, which are:
protection needs. This term plan has options that will cover Lumpsum: The nominee will get the entire sum assured
the Life Insured and also that'll take care of tomorrow's after the unfortunate demise of the life insured as lumpsum.
increasing responsibilities. This plan is also equipped with
Combination: The nominee will get a part of the sum
traditional riders so that you can be prepared for the
assured as lump sum and part as monthly income amount,
unprepared.
which can be regular or increasing, depending on the
Plan Options policyholder's choice. Under increasing income, the payouts
will increase at 5% p.a.
Level sum assured:
Monthly Income Benefit: The nominee will get a monthly
Under this, the base sum assured remains the same
amount, which can be regular or increasing, depending on
throughout the policy year.
the policyholder's choice. The policyholder can also choose
Decreasing Sum Assured:
the number of months he/she wants the payouts to be
Under this, the base sum assured reduces by 50% after
done. Under increasing income, your payouts will increase
the policyholder attains 60 years old.
at 5% p.a.
Better Half Benefit
Choose Your Payment Options
In case of the unfortunate demise of the life insured before
Regular term:
the policy term, a life cover will start in the name of the
The policyholder will pay the premium till the policy term
spouse.
lasts.
He/she won't have to pay any future premiums. The sum
assured (life cover amount) for the same will be 50% of Other key benefits include:
the base sum assured or Rs. 1 crore, whichever is lower. Top up benefit - An annual increase in the sum assured,
starting from the first policy renewal.
Systematic Increase Of Life Cover
Life stage benefit - An increase in the sum assured
Top-up Benefit: depending on the Life Stages achieved. For instance,
This benefit will increase your base sum assured every year marriage, birth of your children, or home loan.
by your chosen rate (5% or 10%). It will continue till the Pay till 60 - An option that allows the policy holder to
cumulative top-up sum assured equals the base sum assured pay premium until the retirement age of 60.
or till the age of 60 years or till the outstanding policy term
Waiver of premium benefit - On diagnosis of specified
is less than 5 years or till the death of the life insured,
critical illness, all future premium requirements are
whichever is earlier. It is a useful and practical way of tackling
waived off.
tomorrow's growing needs and uncertainties such as inflation
Death benefit - A sum assured paid to the dependent
and the need to buy another life insurance policy.
on policy holder's death, under three options -
Life Stage Benefit: Lumpsum or monthly income or a combination of both
Life stage Sum Assured will be added to your base sum Riders - Available to enhance protection in case of
assured on occurrence of a major life event such as accidental death, total and permanent disability, critical
marriage, having a child etc. illnesses and hospitalisation.

46 The Insurance Times, June 2019