Edelweiss Tokio Insurance Plans

Edelweiss Tokio Total Secure Plus plan

Total Secure+ is a comprehensive online term insurance plan which provides life cover and cover against 35 critical illnesses. It provides comprehensive protection that secures the family and also fulfils the need for critical illness insurance. This online term insurance plan comes with multiple customization options. One can choose the life cover, critical illness benefit, policy term, premium paying term and benefit pay out options.

Edelweiss Tokio Life insurance review

Edelweiss Tokio Insurance Plans
Distribution - Number of branches pan India (March 2019)
123
Entry Age Minimum/Maximum (Years) - Term Plans
18/65
Sum Assured Minimum / Maximum - Term Plans
25 lacs / Unlimited
Policy Term Minimum / Maximum (Years) - Terms Plans
10/62
Solvency Ratio (FY 2018-19) *
2.29
Number of Policies Sold (Ind+Group) *
79,913
Number of Lives Covered (Ind+Group) **
266,160
Claims Settlement Ratio (Ind+Group) ***
98.41%
* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20  |  *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

Edelweiss Tokio Total Secure Plus Insurance Overview

  • why should one choose this plan?
  • Eligibility
  • Benefit Description

why should one choose Total Secure Plus plan?

  • A low cost comprehensive protection plan which gives you the option of not just a Life Cover but also a cover for Critical Illnesses.
  • Flexibility to choose from three death benefit payment modes – lumpsum, monthly income or combination of both. Receive monthly income as an equal monthly sum or an increasing amount depending on your requirements.
  • Choose Critical Illness coverage amountas per your requirements – AcceleratedCritical Illness Benefit* up to Rs. 1 crore.
  • Get life cover for as long as up to age 80.

Eligibility Criteria of Total Secure Plus Insurance

Minimum Entry Age(last birthday) 18 years
Maximum Entry Age(last birthday) 65 years
Maximum Maturity Age (last birthday) For Benefit Option 1: 80 years
For Benefit Options 2 & 3 : 75 years
Policy Term (in years) For benefit option 1: Minimum 10 - Maximum 62
For benefit options 2 & 3 : Minimum 10 - Maximum 40
Premium Payment Term (PPT) (in years) For Benefit Option 1:
  • Single Pay
  • Limited Pay (5, 10, 15, 20, 25)
  • Regular Pay
For benefit options 2 & 3 : Regular Pay
Minimum Base Sum Assured Base Sum Assured: Rs. 25,00,000
Critical Illness Sum Assured: Rs. 5,00,000
Maximum Base Sum Assured Base Sum Assured: No Limit, subject to Board approved Underwriting policy.
Critical Illness Sum Assured: Rs. 1,00,00,000 subject to Boardapproved underwriting policy.
Premium Payment Mode* Annual, Single

The product offers the following 'Benefit Options': Benefit Option 1: Life Cover
Benefit Option 2: Life Cover with 'Basic Health Cover' (7 Critical Illnesses)
Benefit Option 3: Life Cover with 'Comprehensive Health Cover' (35 Critical Illnesses)

Benefit descriptions of Total Secure Plus Insurance

Benefit Options
  • Benefit Option 1: Life Cover - Under this option, in the event of death of the Life Insured, we will pay the Base Sum Assured to the nominee. The death benefit payout will be made as per the death benefit payment mode chosen and the policy will be
  • Benefit Option 2 : This benefit option provides a Life Cover and an accelerated Critical Illness Cover. The Critical Illness Benefit is an accelerated benefit and not an additional benefit which means the policy will continue with the Death Benefit reduced to the extent of the Critical Illness Sum Assured paid. In this benefit option, you will choose the Base Sum Assured as well as Critical Illness Sum Assured (7 illnesses), with the Critical Illness Sum Assured being less than or equal to the Base Sum Assured.
    • Cancer of specified severity (malignant tumor)
    • First Heart Attack – of Specified Severity
    • Surgery to aorta
    • Open Chest CABG
    • Kidney Failure Requiring Regular Dialysis
    • Major Organ/ Bone Marrow Transplant (as recipient)
    • Stroke resulting in permanent symptoms
  • Benefit Option 3 : This benefit option works similar to Benefit Option 2. However, under this option, following 35 Critical Illnesses are covered:
    • Alzheimer's Disease
    • Apallic Syndrome
    • Aplastic Anaemia
    • Bacterial Meningitis
    • First Heart Attack – of Specified Severity
    • Blindness
    • Cancer of specified severity (malignant tumour)
    • Cardiomyopathy
    • Chronic liver disease
    • Chronic Lung Disease
    • Coma of specified Severity
    • Creutzfeldt – Jacob disease
    • Deafness
    • Encephalitis
    • Benign Brain Tumour
    • Kidney Failure Requiring Regular Dialysis
    • Loss of Independent Existence
    • Loss of Limbs
    • Loss of Speech
    • Major Burns
    • Major Head Trauma
    • Major Organ/ Bone Marrow Transplant (as recipient)
    • Motor Neurone Disease with Permanent Symptoms
    • Multiple Sclerosis with Persisting Symptoms
    • Muscular Dystrophy
    • Open Chest CABG
    • Open Heart Replacement or Repair of Heart Valves
    • Parkinson’s Disease
    • Permanent Paralysis of Limbs
    • Poliomyelitis
    • Primary Pulmonary hypertension
    • Rheumatoid arthritis
    • Stroke resulting in permanent symptoms
    • Surgery to aorta
    • Systemic lupus Eryth with Renal Involvement
Death Benefit
The minimum death benefit at any point of time (including any Critical Illness benefit already paid) under the product will be as given below: For policy with Single Pay, highest of:
  • 125% of single premium;
  • Guaranteed Sum Assured on Maturity; or
  • Any Absolute amount assured to be paid on death
For policies with Premium Payment Term other than Single Pay, highest of:
  • 10 times the Annualized# Premium; or
  • 105% of all the premiums paid till date of death (i.e. Annualized Premium x number of years for which premiums have been paid); or
  • Guaranteed Sum Assured on Maturity;
  • Any Absolute amount assuredto be paid on death
Payment Mode for Death Benefit
  • Lumpsum:Under this mode, the Death Benefit will be paid in lumpsum.
  • Regular Income:Under this mode, a specific percentage of Death Benefit will be payable every month for the fixed number ofmonths starting from next policy month anniversary from the date of death.
  • Lumpsum plus Regular Income : Under this mode, the policyholder will choose the proportion of Death Benefit to be received as lumpsum on death and the balance will be received in the form of regular income after death. The minimum proportion that can be chosen in lumpsum form is 1% and maximum proportion can be 99%.
Add-On / Rider Benefit One can make their Life Insurance policy more comprehensive by including the following riders:
  • Accidental Death Benefit Rider
  • Accidental Total and PermanentDisability Rider
  • Waiver of Premium Rider - This rider will be available only with Option 1 and will not be available for Single Pay
  • Hospital Cash Benefit Rider

Brochure

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Policy wordings

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2022