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₹1 CR. Term Insurance at ₹19/DAY

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₹1 CR. Term Insurance at ₹19/DAY^^

With additional premiums, avail the options below:

Skipping of up to 8 Premiums yet Life Cover Continues

Payback of All Premiums^ at a Specific
Point During Policy Term 

Return of Premium at End of Policy Term+

6% Discount on First Year Premium, if
Medicals Completed within 7 Days
of Purchase (Login)

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With additional premiums, avail the options below:

Skipping of up to 8 Premiums yet Life Cover Continues

Payback of All Premiums^ at a Specific
Point During Policy Term 

Return of Premium at End of Policy Term+

6% Discount on First Year Premium, if
Medicals Completed within 7 Days
of Purchase (Login)

Term Insurance Calculator

Product Campaign Pages

Aapki Zindagi…Protect Ho toh Aisi!

 
You asked, we heard! Presenting, the all-new term plan with interesting options that not just protects the future of your loved ones but also cares about the wealth you invest in it. For instance, Premium Break Benefit offers the option to skip up to 8 premium payments, while you continue to stay protected with life cover*³. Also, Special Exit Benefit option offers money-back on all your premiums paid^ at a specific point during the policy term, for Life Cover Option selected with limited pay.

Your Zindagi…Our Zimmedari

Your Zindagi…Our Zimmedari!

100 Not Out!

Option to avail life cover up to age 100. Ensure long-term protection for your family when you’re not around.

A Break-up You’ll Love!

Long-term protection now allows you to take a break from premium payments with Premium Break Benefit*3Skip up to 8 premiums at once yet continue to live a protected zindagi.

Limited Pay with an Exit Offer

By choosing limited pay with Life Cover option, Special Exit Benefit allows you to terminate the plan at a specific point during the policy term, by paying back all premiums^.

Return of Premiums

Choice to gain back all your paid premiums at the end of policy term with Return of Premium option. Fulfil unlimited goals with this sum assured on maturity.

Better Half Benefit Option

On facing any mishap during the policy term, life cover will be paid out + your spouse will get 50% additional coverage1 without any further premium payments.

Protection for Your Junior

Additional financial protection to fulfil your child’s dreams till he/she turns 25 years old with the Child’s Future Protect Benefit option.

Discount on Premium

6% discount on first year premium by completing medical examination within 7 days from the date of purchasing (login) the plan.

Riders9 & Tax Benefits3

Enhanced financial protection with 4 Rider9 options and tax savings3 u/s 80C on premiums paid. Also, tax benefits u/s 10(10D) on any pay-out received.

Your Zindagi…Our Zimmedari!

100 Not Out!

Option to avail life cover up to age 100. Ensure long-term protection for your family when you’re not around.

Riders⁹ for Additional Cushion

Riders⁹ for Additional Cushion

Customization Steps at a Glance

Customization Steps at a Glance

Step : 1

Select from the 2 Plan Options – Life Cover OR Return of Premium 

Step : 2

Choose Base Sum Assured, Policy Term (PT), Premium Paying Term (PPT), Premium Paying Frequency and Death Benefit Payment Mode

Step : 3

 

Secure with 3 Additional Benefits – Better Half Benefit option and/or Child’s Future Protect Benefit option and/or Premium Break Benefit*3 option

Step : 4

 

Add 2 Other Benefits – Special Exit Benefit^ option and/or from 4 Rider9 options

Customization Steps at a Glance

Step : 1

Select from the 2 Plan Options – Life Cover OR Return of Premium 

What Makes Edelweiss Tokio Life Your Ideal Partner?

What Makes Edelweiss Life Your Ideal Partner?

Fire Away Queries

ZP - Fire Away Queries - General

Why Should I Invest In A Term Insurance Plan?

While every increase in your income leads to an enhanced lifestyle for your family, it is important that the financial support you provide to your family is secured in case of an unfortunate event. A term insurance plan ensures that in a scenario where the bread winner is no more, his/her dependants are provided necessary income required to maintain their lifestyle.

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Purchasing term insurance plans online is possible and convenient. You can compare multiple plans and select the one that best suits your needs.

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By having multiple term insurance plans, you can ensure a secure sum assured from multiple sources. This implies that you can have a guaranteed death benefit reserve for your nominee(s) from two distinct sources. If you hold multiple term insurance plans from various insurance providers, the chances of your claim being considered by at least one provider, even if it gets declined by another, are higher.

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An insurance plan referred to as term insurance provides life coverage, and insurance companies rely on risk evaluations. Individuals who have a greater likelihood of experiencing a severe illness are subject to higher premium charges by insurers. Policyholders who smoke are required to pay more in premiums than those who do not.


To determine if you are a smoker, your insurer will ask you three questions when you purchase a term plan online:

1. Do you use nicotine and/or tobacco products?

2. Have you used a tobacco product in the past four years?

3. Have you ever used a tobacco product?

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While employer-provided insurance can be advantageous, the coverage provided may not always be enough to adequately protect your family. Additionally, the insurance coverage ends once you no longer work for that employer. As a result, purchasing an individual insurance plan with a higher sum assured can provide appropriate level of financial security for your family's needs.

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Term insurance does not offer maturity benefits, whereas a life insurance policy provides these benefits to the policyholder upon the policy's completion. Instead, a term insurance plan pays out the sum assured to the nominee(s) of the policyholder in the event of their death during the plan term.

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ZP - Fire Away Queries - Policy Related

What Are The Different Plan Options Available?

There are 2 plan options available under Edelweiss Life – Zindagi Protect, namely:

-          Life Cover option 

-          Return of Premium option
 

1.       Life Cover option:

Under this Plan Option, in case of death of the Life Insured during the policy term while the policy is in-force, Death Benefit is payable, and the policy will terminate. In case of survival of the life insured till the end of the policy term, the policy will terminate without any further benefit.

 

2.       Return of Premium option:
Under this Plan Option, in case of death of the Life Insured during the policy term while the policy is in-force, Death Benefit is payable, and the policy will terminate. In case of survival of the life insured till the end of the policy term, Sum Assured on Maturity* will be payable to the Policyholder and policy will terminate without any further benefit.

Sum Assured on Maturity will be equal to 100% of Total Premiums Paid* less total Additional Premiums paid towards Child’s Future Protect Benefit and Better Half Benefit, if any.

 

In addition, you also have the option to choose the following Additional Benefits.

1. Child’s Future Protect Benefit - Get an additional sum assured in the same plan, that secures your child’s dreams

2. Better Half Benefit - Get additional cover for your spouse in the same plan, that gives them much needed financial security when you’re not around

3. Premium Break Benefit – Enjoy premium break, while your life cover continues after completion of certain number of fixed policy years. 

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Better Half Benefit is an additional benefit that provides cover for the Spouse of the Life insured only after the death of the Life Insured. This benefit gets triggered on the death of the Life Insured.

 

It can be selected only at the policy inception, if you are married, your Spouse is not elder/younger than you by more than 10 years and provided that the policy is accepted at standard rates at policy issuance. Only one Spouse will be covered under this benefit.

 

The coverage term for this Additional Benefit will be equal to lower of the Policy Term or (85 less Entry Age of the Spouse) or (85 less Entry Age of the Life Insured). The Additional Premium towards Better Half Benefit will be payable only during the applicable coverage term of the benefit as defined above or till the spouse's attained age of 75 years, whichever is earlier.

 

In case of death of the Life Insured before the maturity date while the policy is in-force, death benefit is payable. In addition, if your spouse is alive and has not attained age of 75 years, following benefits will be applicable:

 

● Life cover will commence on the life of your spouse with Better Half Benefit sum assured and will continue for the remaining policy term or till the period your Spouse attains age 85 years (age last birthday) or till the period you would have attained age 85 years (age last birthday), whichever is lower. ‘Better Half Benefit’ Sum Assured is 50% of the Base Sum Assured, subject to maximum of Rs. 1 crore. On death of the Spouse during this period, ‘Better Half Benefit’ Sum Assured is payable. This benefit will be paid as per the Death Benefit Payment mode selected by you.

 

● No more future premiums will be required to be paid.
Once selected, you cannot opt out of this benefit. As Better Half Benefit is available on the life of the spouse after your death, if the spouse dies before your death, this benefit will not be available. The ‘Better Half Benefit’ Sum Assured will remain same throughout the coverage term for the Better Half Benefit, irrespective of the Plan Option chosen and other Additional Benefits opted in the policy.

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Under this Additional Benefit, you have an option to increase your life cover by choosing an Additional Sum Assured (10% to 100% of Base Sum Assured, in multiples of 10%). This option has to be selected only at the inception of the policy and only if you have a child between age 0 year to 18 years (age last birthday). The additional life cover under Child’s Future Protect Benefit will be available only during the Child’s Future Protect Benefit Coverage Term, which is equal to ’25 minus Child’s Age (age last birthday) at the inception of the Policy’.

 

After the Child’s Future Protect Benefit Coverage Term has expired, cover for Base Sum Assured and other Additional Benefit, if opted will continue for the remaining Policy Term.

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Payout options for the Death Benefit need to be decided during the inception of the plan. The payout is available in three modes, as follows:

 

● Lumpsum - Entire payout available in one go

● Monthly Income - A percentage of Death Benefit will be payable every month for the fixed number of months

● Lumpsum plus Monthly Income - Some portion of the payout is received at once; the rest is dispensed in the form of regular installments.

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● Min Base Sum assured# (in Rs.) - 50,00,000

● Min Sum Assured for Better Half Benefit (in Rs.) - 25,00,000

● Max Sum Assured for Better Half Benefit (in Rs.) - 1,00,00,000

● Min Sum Assured for Child’s Future Protect Benefit - 10% of base sum assured

 

For maximum sum assured, there is no upper limit on the base sum assured, as it is subject to Board Approved Underwriting Policy.

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The minimum age of your spouse should be 18 years, and maximum is 65 years, to avail the Better Half Benefit option.

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For 5 Pay, 7 Pay and Regular Pay options, the minimum policy term is 10 years. For 10 Pay, 15 Pay and 20 Pay, it is 15, 20 and 25 respectively. The maximum policy term is 100 years less age at entry, for any plan option selected.

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For all plan variants, the minimum Annual premium amount is Rs. 3,000. For the Semi - Annual payment, the minimum premium amount is Rs. 1,250. The minimum Quarterly premium payment is Rs. 1,250 and the same for Monthly premium is Rs. 300. 

 

Max Premium has no limit and is subjected to board approved underwriting policy

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The minimum maturity age is 23 years for Life Cover option.
In case you have chosen the Return of Premium Option, the minimum maturity age for your plan to mature, will be 28 years. The maximum maturity age for all plan variants is 100 years. All these ages are as per last birthday.

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Minimum Age - Similar to any other term insurance plans the minimum age to avail this policy as life insured and spouse is 18 years and for a child it remains 0 years.

 

Maximum Age - The maximum age at which you can avail it depends on the type of benefits you are opting for. Thus, the maximum age at which you can get this policy is as follows:

 

For Life Cover Option:
PPT – 5/7/10/15/20** - 65 years

PPT – ‘To Age 60’ - 50 Years

PPT – Regular Pay (RP) - 55 years

 

For Return of Premium Option:
PPT – 5/7/10/15/20** - 60 years

PPT – ‘To Age 60’ - 50 Years

PPT – RP - 50 years

 

For Child: 18 Years

For Life Insured if Child’s Future Protect Benefit Opted: 50 Years

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In case you have opted for Better Half Benefit, the following exclusions are applicable:

 

● In the event of the occurrence of simultaneous death of the life insured and spouse or death of the spouse arising directly or indirectly due to the same event which caused the death of the life insured.

 

● Post death of the Life Insured, in case of death of Spouse due to suicide within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the nominee or beneficiary shall be entitled to at least 80% of the total of ‘Better Half Benefit’ premiums paid till the date of death, provided the policy is in force.

 

● Better Half Benefit will not be payable if spouse dies before the Life Insured.

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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.

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+ Available with Return of premium option to be chosen at the inception of policy

^ The Special Exit Benefit shall be applicable on the premiums paid towards Life Cover and Premium Break Benefit, if any, and is not applicable on any additional premiums paid towards other Additional Benefit/s opted by the policyholder namely Child’s Future Protect Benefit or Better Half Benefit. This benefit is applicable provided all terms and conditions mentioned in the sales brochure are met. Please refer sales brochure for more details.

^^ Illustration for Life Insured - Age: 24-year-old (male), married, non-smoker, spouse is a non-smoker, female | First Year Annualized Premium: Rs. 6,990 (excluding taxes) that comes up to Rs. 19.15/day | Annualized Premium: Rs. 7,436 (excluding taxes) | Life Cover: Rs. 1,00,01,000 | Policy Term: 20 years | Premium Paying Term: 20 years | Premium Paying Frequency: Annual | Plan Option:  Life Cover Option | Income Pay-out Frequency: Lumpsum | Underwriting Status: Medical | Better Half Benefit: Yes | Employee of Edelweiss: No | Distribution Channel: Online

** If 20 pay is chosen with Better Half Benefit, then the maximum entry age of the Life Insured and Spouse is 60 years (age last birthday)

*3 For more details please refer product brochure

^3 https://thealdenglobal.com/inflection-conference-awards/

^4 Claim statistics are for Financial Year 2023-24 and is computed basis individual claims settled over total individual claims for the financial year. For details, refer to Public Disclosures in our Website

^5 This optional benefit provides an additional payout to your child in case you are no longer around. This benefit remains active until your child turns 25 years old.

1 - Spouse cover starts after the demise of the Life Assured, provided the spouse is <75 of age years and will continue till the end of policy term or 85 years of spouse age or till Life assured would have attained age 85 years, whichever is earlier. The spouse cover is only available if the base sum assured is greater than or equal to Rs. 50,00,000/- The spouse cover is available upto Rs. 1 Cr.

2 - Option to increase your life cover by choosing an Additional Sum Assured (10% to 100% of Base Sum Assured, in multiples of 10%). This option is only available at inception of the policy and only if you have a child between age 0 year to 18 years (age last birthday). The additional life cover will be available only during the Child’s Future Protect Benefit Coverage Term, which is equal to ‘25 minus Child’s Age (age last birthday) at the inception of the Policy’.

3 - As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.

4 - Limited Premium Paying Option is available for 5/7/10/15/20 Premium Paying Term (in Years).

9 - Riders are Optional and available at extra cost. Please refer rider brochure for more details.

Edelweiss Life - Accidental Total and Permanent Disability Rider is only an Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance rider. UIN 147B001V04
Edelweiss Life - Accidental Death Benefit Rider is only the name of an Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance Rider. UIN 147B002V04
Edelweiss Life - Critical Illness Rider is only the name of the Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance rider. UIN 147B005V04
Edelweiss Life - Waiver of Premium Rider is only the name of the Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance rider. UIN 147B003V05

Edelweiss Life - Zindagi Protect is An Individual, Non-Linked, Non-Participating, Pure Risk Premium/Savings, Life Insurance Plan. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the tax laws. The tax benefits under this Policy may be available as per the prevailing Income Tax laws in India. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. 

Flower & Edelweiss (as displayed above) are trademarks of Edelweiss Financial Services Limited used by Edelweiss Life Insurance Company Limited under license.

Edelweiss Life Insurance Company Limited | IRDAI Regn. No.: 147 | CIN: U66010MH2009PLC197336 | UIN: 147N078V02 |
ARN : LP/3560/Dec/2023

Registered & Corporate Office: 6th Floor, Tower 3, Wing ‘B’, Kohinoor City, Kirol Road, Kurla (W), Mumbai 400070.

Toll Free No.: 1800 212 1212 | Fax No.: +91 22 6117 7833 | www.edelweisslife.in

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRAUDULENT OFFERS
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint