Wednesday, May 06, 2015

All About Edelweiss Tokio Life - MyLife+ Term Plan: So Powerful, So Flexible!

Priorities in life change with time and age. When we are quite young, our parents take care of not only our necessities but try to build security for our future too. Gradually, on maturity, we start understanding the need of latter and that is why we go for various kind of insurance plans. Initially, it might look cumbersome to select the right plan as per the age and requirements, but if we get right kind of information in a simple form, it becomes easier to understand and do the right match. This kind of information gap used to happen some years back when digital era had not come. Now the information is available on official portals and other websites on the internet. The only drawback now is the openness and transparency that an insurance company follows on its website while providing information related to various policies available.

When we talk of Edelweiss Tokio Life - MyLife+ the complete information is there on the portal not only in textual form but also in a video to understand it precisely. You have many options to choose from for the payment. The best thing among many others is the life cover up to the age of 80. You just fill name, email and contact number and click on “Call me” to get a call from the company representative to explain you the benefits of this policy. Instead, you can opt to get a quote for which you will have to submit some more details required for preparing the quote. Better is to slide a little below and find out the amazing information about Edelweiss Tokio Life - MyLife+. The age ranges to avail this policy is 18 years. Maximum maturity age is 80.

Term plan starts with 10 years and goes up to 80 minus the entry age with a slab of 5. It means it can be 10, 15, 20, 25,… That means if your entry age is 30 years then the term plan will be 50 if you select the maturity age of 80. To make it clearer, you can also take the policy at 30 with a term plan of 20 years meaning your policy will mature when you are 50. A minimum sum assured is Rs. 25 lac with no upper capping, but an underwriting might be required if the amount is substantially high.


There is a lot of flexibility in the benefits to suit it to your needs better. You can opt for Lumpsum payout that is a one-time payout at the time of maturity or you can go for a monthly payout. If required, you can go for a combination of both the options. The cover is optional for a longer period – up to the age of 80. If a healthy non-smoker male avails this policy at the age of 25 with a risk cover of Rs. 1 crore, the monthly premium is just Rs. 412.50 + taxes. Edelweiss Tokio Life - MyLife+ has various riders that are clearly mentioned on the portal along with other details.

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