Edelweiss Life - Suraksha Kavach Bima Yojana is a highly affordable plan that helps you protect your loved ones with life cover. You can choose between regular pay or single premium pay, as per your convenience. If a low-cost life insurance plan is what you’re looking for, then consider looking into this plan.

Yes, this plan covers death due to COVID-19.

Minimum Entry age is 18 years, and Maximum Entry Age is 65 years.

Minimum Maturity Age is 19 year, and Maximum Maturity Age is 70 years.

The minimum policy term is 1 year, and the maximum policy term is 5 years.

You can pay your premiums as Single Pay (one-time) or Regular Pay. Regular pay premium is always paid annually. When you choose regular pay, you will need to pay the premium amount each year until the end of your policy term. 

The minimum sum assured is ₹5000 and the maximum sum assured is ₹50,000.

Since this is a pure term plan, there is no maturity benefit is payable under it.

You have a freelook period of 30 days from the date of the receipt of the policy document for the policy issued after 1st April, 2024 and processing TAT for same is 7 days.

In case of death due to suicide within 12 months from the risk commencement date or from the date of revival of the policy, your beneficiary shall be entitled to receive  80% of the Total Premiums Paid or the surrender value or the unexpired risk premium value available as on the date of death, whichever is higher, provided the policy is in in-force.

Grace period is 30 days. The policy will remain in force during the grace period. If a premium is not paid for 30 days from the date of payment, the policy will lapse and no benefits will be applicable.