To provide a one-stop protection solution amid the global pandemic, Edelweiss Tokio Life Insurance has launched a new protection plan named ‘Total Protect Plus’. It is a comprehensive protection plan, which provides additional optional benefits to meet the financial requirements of the target. Shubhrajit Mukhopadhyay, Executive Director, Edelweiss Tokio Life Insurance, says, “In the last decade, there has been an increase in the demand for insurance solutions that are very comprehensive in terms of covering financial risks. The pandemic has increased its need. We hope that with the help of ‘Total Protect Plus’ we will be able to fulfill this need of the customers. Efforts are being made to meet their financial goals while taking risks.
Its optional offers include ‘Child’s Future Protect Benefit’ and ‘Live Long Benefits’. Through the Children’s Future Protect benefit, parents can opt for a good cover during the growing age of their child. This will help in fulfilling their aspirations. If the parent dies before the child attains the age of 25 years, the nominee will be paid extra.
The live long benefit of the plan not only gives you protection but also gives income benefit. You will get the benefit of this when you are not working anywhere. 60 or 65 years can be chosen as the starting age for its initiation. After this, you will start getting some percentage of the Basic Sum Assured as income.
Some Attractive Aspects of Total Protect Plus
- This plan gives cover till the age of 100 years. In such a situation, it will help you to leave a legacy for your family members.
- After the death of the policyholder, his/her spouse is covered under ‘Better Half Benefit’.
- On completion of the policy term, 100% of the total premiums paid can be refunded under ‘Return of Premium Benefit’.
- There is an option of regular payment or limited payment of premium for five, seven, 10, 15 or 20 years.
- If all the necessary medical examinations are completed within seven days of buying the insurance, then there will be a discount of 6 percent on the premium for the first year.