What is Edelweiss Tokyo Life Term Plan?
Under this plan, a yearly premium has to be paid to Edelweiss Tokio Life Insurance. On death of the insured during the policy tenure, the insurance amount, called the Sum Assured, is paid by Edelweiss Tokio Life Insurance to the nominees of the insured. If the insured survives the policy term, he or she does not get anything in return and loses the yearly premiums paid.
What are its key features?
The nominees are provided with the sum assured as a lump sum amount or through the chosen payout option in the event of the policyholder’s death.
Tax deductions and exemptions are provided with under section 80C and 10(10D)
Additional amount over and above the policy’s sum assured is provided if the event mentioned in the added rider is fulfilled.
It also provides loan facility for meeting any unforeseen financial requirement
There are other extra benefits for higher premiums
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