Edelweiss Life Insurance Company

Term insurance plan:

Term insurance is the most basic form of life insurance that provides coverage to the insured for a certain period or specified years. Term insurance plans help you secure your family’s financial future through optimal life cover at an affordable premium cost. Moreover, the term plan can also be customized as per your requirement with optional riders to let you avail of all-round protection.

1. Zindagi Plus
Zindagi Plus is a term insurance policy designed to protect the future financial requirements of your family with the benefit of customizable life insurance cover which provides coverage against death for any pandemic including Covid 19. Some salient features of the plan are as follows:

• The highlight of this plan was the introduction of Better Half Benefit which was the first revolutionary feature in the industry. With better half benefit, you can get a cover for your spouse for enhanced protection.
• The plan offers non-medical underwriting options upto the maximum sum assured of INR 99,99,000.
• It offers discounts on premiums if you opt for a higher sum assured.
• It provides an optional waiver of premium benefit rider in which the premium will be waived off upon diagnosis of 35 covered critical illnesses.
• It offers a range of four riders to help you customize your plan.

Endowment plans

Endowment plans are life insurance plans which provide an added benefit of savings. Endowment plans come with a long-term tenure wherein you can create a secured corpus for your financial goals. Moreover, bonuses or guaranteed additions help in boosting the corpus further. The insurance coverage allows protection during the policy tenure ensuring that your financial plans are not disturbed due to premature death.

Money-back plans

If you want liquidity during the policy tenure, you can opt for money-back insurance plans. These plans are traditional insurance plans that pay a part of the sum assured in installments over the policy tenure. The remaining sum assured is paid on maturity. The death benefit, however, remains undisturbed even after the money-back benefits that you receive ensuring complete coverage with savings and incomes.

Unit Linked plans

Unit-linked plans are for those policyholders who want market-linked returns on their investments. Under these plans, the premium is invested in different funds that you choose. Each of these funds, in turn, invests the pooled corpus in market-linked securities. Returns are non-guaranteed and subject to market risks. You also get the benefit of switching, partial withdrawals, inflation-adjusted returns, etc.

Child insurance plans

These plans are specifically designed to cater to your child’s financial needs whether you are around or not. With child plans, you can create a corpus for your child’s future. These plans come with the premium waiver benefit which waives the premiums if the parent dies. Though the premium is waived, the plan is undisturbed and continues till maturity. On maturity, the promised benefit is paid which provides the child with the financial means to fulfill its dreams.

Retirement plans

Retirement plans are designed for retirement planning. They are offered in two variants. The deferred annuity variant helps you create a corpus for your retirement through savings. On the other hand, the immediate annuity variant helps you receive guaranteed pensions lifelong after you retire. Pension plans, thus, give you financial protection in your golden years.

Health insurance plans

Health insurance plans are meant to cover the financial loss associated with medical emergencies. These plans cover specific medical conditions. If the insured suffers from the covered conditions, a fixed benefit is paid under the policy. This benefit provides the policyholder with the much-needed financial assistance to face the medical complication suffered.