Edelweiss Tokio My Life + Insurance

Benefits of My Life + Insurance

• Low Cost Assurance Plan
• Option to choose the death benefit as lump sum or a monthly payout or both
• Option to make your cover more comprehensive through riders
• Get discounts for higher sum insureds
• Lower premium rates for female lives
• Options to choose cover upto 80 years of age
• Tax Benefit for Premium and Claims Amount

Benefit descriptions of My Life + Insurance

Accidental Death The death benefit is equal to the Total Sum Assured and payable on the demise of the insured subject to all due Premiums have been paid. The nominee can choose to receive payouts in the following manner:

• Lump-sum benefit option: Under this option, a lump-sum benefit equal to the sum assured will be paid on death of the life insured and policy will terminate.
• Income benefit option: Under this option, 1% of sum assured will be paid every month for the next 130 months starting from next monthiversary from the date of death.

At the application stage, policyholder can choose a combination of both the options as well when the policy term is same. Under such combination, the sum assured will be arrived at by adding the sum assured of both the options and one single contract will be issued. Add-On / Rider Benefit The insured can make their term cover more comprehensive by adding any or all of the riders from the below mentioned options:

• Accidental Total and Permanent Disability Rider
• Accidental Death Benefit Rider
• Waiver of Premium Rider

Maturity & Surrender Benefit
No benefit is payable