Edelweiss Tokio Life was established in the year 2011 as a joint venture of two of the most renowned financial and insurance companies in the world. Today, it has reached the juncture where it received the unique pleasure of insuring the Indian Olympic team for Rio Olympics.
Edelweiss Tokio Life realizes the importance of one’s dreams and aspirations, and also knows the effect that any slight ripple could have on these dreams. This is why they strive to provide consumer centric and cost conscious services to their consumers.
Pursuant to these principles, the company has launched a visionary term life insurance product; Edelweiss Tokio Life – MyLife+. Some of the key features of this plan include:
1. This policy covers individuals up to 80 years of age, which is more than what any insurer would give you.
2. The payout plan in case an insurer passes away during the term of the policy is flexible. There are three different options to the family of the insured; a lump sum payment, an income benefit option and a combination of the two.
Under the lump sum payment option, as the name suggests, the beneficiary of the insured is given the amount of the Sum Assured in lump sum.
Under the income benefit option, the entire Sum Assured is distributed even and paid out over a period of 130 months.
And under the combination option gives the family an option to come up with a system of their choice whereby they would receive a certain percentage of the payout as lump sum and the rest would be paid in adequate intervals.
3. You can now buy life insurance online right from the website of Edelweiss Tokio. This is a unique initiative taken by the company to ensure maximum convenience of the consumers as well as to help them insure their family with the least possible formalities.