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Edelweiss Tokio Life Total Secure+

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Edelweiss Tokio Life TotalSecure+

Edelweiss Tokio Life – TotalSecure+ is a comprehensive protection plan that provides complete protection - Life Cover as well as cover against Critical Illnesses, thus providing a complete security to your family.
You can customise this plan by choosing a convenient Premium Payment Term, the Benefit Option and the Death Benefit payment mode.

Highlights of Edelweiss Tokio Life TotalSecure+

Edelweiss Tokio Life – Total Secure+ is a comprehensive online term plan which provides life cover with an option to cover up to 35 critical illnesses. This online term insurance plan comes with multiple customizable options including life cover, critical illness benefit, policy term, premium paying term and benefit payout options.
  • Online term plan with basic life cover: This term plan provides option to choose life cover upto age 80.
  • Cover against 35 critical illnesses: Basic health cover provides protection against 7 critical illnesses while comprehensive health cover provides protection upto 35 critical illnesses. Get accelerated critical illness benefit upto Rs. 1 crore.
  • flexible death benefit payout options:
    • Lumpsum
    • Regular income - level or increasing 
    • A combination of lumpsum and regular income

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Key Benefits of Edelweiss Tokio Life TotalSecure+

1. Comprehensive and Customisable: 
Edelweiss Tokio Life – TotalSecure+ is a comprehensive protection plan that provides complete protection - Life Cover as well as cover against Critical Illnesses, thus providing a complete security to your family. You can customise this plan by choosing a convenient Premium Payment Term, the Benefit Option and the Death Benefit payment mode.

2. Flexible Premium Paying Term: 
For Basic life cover:
  • Single Pay
  • Limited Pay (5, 10, 15, 20, 25)
  • Regular Pay
For Basic and Comprehensive health cover: Regular Pay.

3. Accelerated Critical Illness Benefit: 
On occurrence of any of the illnesses specified in the policy, the policyholder will receive a payout of the critical illness sum as lumpsum. The critical illness cover will be terminated, but the policy will continue with the base sum assured reduced by the amount of critical illness claim amount paid. Future premiums payable under the policy for death benefit will be reduced proportionately.

4. Tax Benefits: 
This term plan provides tax benefits as per conditions applicable under Income Tax Act, 1961 as under
For Life cover: Under section 80C and section 10 (10D) of Income Tax Act,1961

For Life Cover with Basic Health Cover: Under section 80D for premium paid towards Basic Health Cover and section 80C and section 10 (10D) of Income Tax Act, 1961 for premium paid towards Life Cover.

For Life Cover with Comprehensive Health Cover: Under section 80D for premium paid towards Comprehensive Health Cover and section 80C and section 10 (10D) of Income Tax Act, 1961 for premium paid towards Life Cover

Tax benefits are subject to change in the tax laws.

5. Riders: 
This Term plan offers different riders to choose for the online insurance policy to make this term plan more comprehensive.
Edelweiss Tokio Life – Accidental Death Benefit Rider (UIN: 147B002V02)
Edelweiss Tokio Life – Accidental Total and Permanent Disability Rider (UIN: 147B001V02)
Edelweiss Tokio Life - Waiver of Premium Rider(UIN: 147B003V03)
Edelweiss Tokio Life – Hospital Cash Benefit Rider (UIN: 147B006V02)

6. Regular Death Benefit Payment Mode: 
You can choose:
  • For how many months the death benefit should be paid (Option of 36, 60, 120 and 180 months)
  • Whether the monthly payments need to be in equal monthly sum / increasing monthly sums.
Under the increasing income option the monthly benefit will increase annually @ 5.00% per annum (compounding).


Working of Edelweiss Tokio Life TotalSecure+

Step 1: Design your own comprehensive protection plan, as per your need, by choosing either
Benefit Option 1: Life Cover only
Benefit Option 2: Life Cover with ‘Basic Health Cover’ – Covers 7 Critical Illnesses
Benefit Option 3: Life Cover with ‘Comprehensive Health Cover’ – Covers 35 Critical Illnesses

Step 2: Depending on your requirement, decide on for:
Benefit Option 1: Base Sum Assured; or
Benefit Options 2 and 3: Base Sum Assured and Critical Illness Sum Assured.

Step 3: Choose the Policy Term (duration of insurance coverage) and the Premium Payment Term (duration for which you need  to pay the premiums) as per your need and convenience.

You have the choice of paying throughout the Policy Term (Regular Pay) or for a shorter period (Limited Pay) or only once at the beginning of the Policy (Single Pay).

The Policy Term is available till age 80 for Option 1 and till age 75 for Option 2 & 3.

Step 4: Choose death benefit payment mode options as ‘Lumpsum’ or ‘Regular Income’ or a Lumpsum plus Regular Income.

If you opt for regular income, you can decide the period for which your nominee would receive the benefits i.e. over 3, 5, 10 or 15 years. You can also choose whether you want equal monthly payouts or increasing monthly payouts.

Note 1: The death benefit payment mode option has to be chosen at policy inception and cannot be changed later.

Note 2: The premium rates for critical illness under Benefit Options 2 & 3 are guaranteed for the first five policy years and  reviewable thereafter subject to prior approval of IRDAI.

You can also add available riders to enhance your protection.

All this is available to you at a very affordable cost through online mode leading to greater convenience


Eligibility Criteria of Edelweiss Tokio Life TotalSecure+ Review

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 Paying 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
Premium Payment Frequency Annual/Single
Minimum Premium Rs. 3,000
Minimum Sum Assured Base Sum Assured: Rs. 25,00,000
Critical Illness Sum Assured: Rs. 5,00,000
Maximum Sum Assured Base Sum Assured: No Limit, subject to Board approved
Underwriting policy.
Critical Illness Sum Assured: Rs. 1,00,00,000 subject to
Board approved underwriting policy.


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4 Reasons why choose Edelweiss Tokio Life TotalSecure+?

  • 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 – Accelerated Critical Illness Benefit* up to Rs. 1 crore. 
  • Get life cover for as long as up to age 80


Additional Benefits Edelweiss Tokio Life TotalSecure+

Edelweiss Tokio Life - TotalSecure+ is an individual, non-linked, non-participating term insurance plan with an option of accelerated critical illness. The product offers the following ‘Benefit Options’ which are covered in detail below:
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) The death benefit will be payable as per the death benefit payment mode chosen by the Policyholder in the application for insurance.

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. Thedeath benefit payout will be made as per the death benefit payment mode chosen and the policy will be terminated.

Benefit Option 2: Life Cover with ‘Basic Health Cover’ (7 Critical Illnesses):
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.

For an in force policy, on first diagnosis of Life Insured with any of the 7 Critical Illnesses during the policy term, the Critical Illness Sum Assured is paid as a lumpsum. If the Critical Illness Sum Assured is equal to the Base Sum Assured then the policy terminates. However, if the Critical Illness Sum Assured is less than the Base Sum Assured, then the policy continues with the Reduced Base Sum Assured (i.e. Base Sum Assured less Critical Illness Sum Assured) for life cover only. The total benefit under the policy can never exceed the Base Sum Assured. Premium payment on account of Critical Illness Benefit will cease after payout of critical illness benefit and the future premiums payable under the policy for death benefit will be reduced proportionally.

List of Critical Illnesses covered is provided in the below table and the detailed definitions and exclusions are given in

“DEFINITIONS AND EXCLUSIONS” section.
1. Cancer of specified severity (malignant tumor)
2. First Heart Attack – of Specified Severity
3. Surgery to aorta
4. Open Chest CABG
5. Kidney Failure Requiring Regular Dialysis
6. Major Organ/ Bone Marrow Transplant (as recipient)
7. Stroke resulting in permanent symptoms

In the event of death of the Life Insured while the policy is in force, during the policy term, subsequent to the Critical Illness claim, the Reduced Base Sum Assured (i.e. Base Sum Assured less Critical Illness Sum Assured) is payable and the policy gets terminated.

In the event of death of the Life Insured while the policy is in force during the policy term, prior to a claim for Critical Illness, the Base Sum Assured is paid and the policy gets terminated.

Benefit Option 3: Life Cover with ‘Comprehensive Health Cover’ (35 Critical Illnesses):
This benefit option works similar to Benefit Option 2 i.e. Life Cover with ‘Basic Health Cover’ (7 Critical Illnesses).

However, under this option, following 35 Critical Illnesses are covered, the detailed definitions and exclusions of which are given in the

“DEFINITIONS AND EXCLUSIONS” section:
1. Alzheimer’s Disease
2. Apallic Syndrome
3. Aplastic Anaemia
4. Bacterial Meningitis
5. First Heart Attack – of Specified Severity
6. Blindness
7. Cancer of specified severity (malignant tumor)
8. Cardiomyopathy
9. Chronic liver disease
10. Chronic Lung Disease
11. Coma of specified Severity
12. Creutzfeldt – Jacob disease
13. Deafness
14. Encephalitis
15. Benign Brain Tumour
16. Kidney Failure Requiring Regular Dialysis
17. Loss of Independent Existence
18. Loss of Limbs
19. Loss of Speech
20. Major Burns
21. Major Head Trauma
22. Major Organ/ Bone Marrow Transplant (as recipient)
23. Motor Neurone Disease with Permanent Symptoms
24. Multiple Sclerosis with Persisting Symptoms
25. Muscular Dystrophy
26. Open Chest CABG
27. Open Heart Replacement or Repair of Heart Valves
28. Parkinson’s Disease
29. Permanent Paralysis of Limbs
30. Poliomyelitis
31. Primary Pulmonary hypertension
32. Rheumatoid arthritis
33. Stroke resulting in permanent symptoms
34. Surgery to aorta
35. Systemic lupus Eryth with Renal Involvement


Illustration:

Case 1: Sunil is a brand manager in an FMCG company and is 35 years old. Sunil and his wife Reena have a three year old son Aahaan. His father Kishore is retired. Sunil wants to be well prepared for all unforeseen circumstances in life. For this, he chooses Edelweiss Tokio Life - TotalSecure+ (Benefit Option 3) with Base Sum Assured of Rs. 1 crore and Critical Illness (35 illnesses) sum assured of Rs. 10 lacs for a cover till 75 years of age. He pays annual premium* of Rs. 17,092/- . A few years later Sunil is diagnosed with one of the predefined 35 Critical Illnesses. Rs. 10 lacs is paid as a lumpsum and the policy continues with Reduced Base Sum Assured of Rs. 90 lacs. The subsequent premiums are proportionately reduced to Rs. 10,728. On Sunil’s unfortunate death, his family gets lumpsum death benefit of Rs. 90 lacs and the Policy terminates. * Premium for non-tobacco consumer healthy male excluding the applicable tax and cess.



Case 2: Ajay is a purchase manager in an automobile company and is 37 years old. His family consists of his wife Neha, and a 7 year old daughter Ananya. He pays EMI of Rs. 45,000 p.m. on a home loan that he has availed. He wants his family to live a comfortable life if he were to have an untimely death. He chooses Edelweiss Tokio Life TotalSecure+ (Benefit Option 1) with Sum Assured of Rs. 1.5 crore for a cover till 80 years of age. He chooses level regular income option for 10 years which will ensure an adequate monthly income for his family and also take care of his EMIs. He pays annual premium* of Rs. 22,587. After Ajay’s unfortunate death, his policy ensures his family gets monthly income of Rs. 1,62,750 per month for 10 years. Note: Ajay can also take an increasing regular income option in which his family will get monthly income increasing at 5% per year (compounding). * Premium for non-tobacco consumer healthy male excluding the applicable tax and cess.



Additional Features and Benefits of Edelweiss Tokio Life TotalSecure+

  • Edelweiss Tokio Life - Accidental Death Benet Rider (UIN:147B002V02)
  • Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider (UIN:147B001V02)
  • Edelweiss Tokio Life - Waiver of Premium Rider (UIN: 147B003V03). This rider will be available only with Option 1 and will not be available for Single Pay.
  • Edelweiss Tokio Life - Hospital Cash Benet Rider (UIN: 147B006V02) (For Regular Pay only)


Exclusions of Edelweiss Tokio Life TotalSecure+

The Exclusions for the Critical Illness Benefit are given below. Additional exclusions are disease-specific and are incorporated into the definition of the disease.The Life Insured will not be entitled to Critical Illness Benefit if a covered Critical Illness results, either directly or indirectly, from any one of the following causes or during the Waiting Period:
  • Pre-Existing disease: Pre-Existing disease is defined as any condition, ailment or injury or related condition(s) for which you had signs or symptoms, and / or were diagnosed, and / or received medical advice / treatment within 48 months prior to the first Policy issued by the insurer.
  • Diseases in the presence of an HIV infection.
  • Intentional self-inflicted injury, attempted suicide while sane or insane.
  • Alcohol or Solvent abuse or taking of Drugs, narcotics or psychotropic substances unless taken in accordance with the lawful directions and prescription of a registered medical practitioner.
  • War, invasion, act of foreign enemy, hostilities (whether war be declared or not), armed or unarmed truce, civil war, mutiny, rebellion, revolution, insurrection, military or usurped power, riot or civil commotion, strikes.
  • Taking part in any naval, military or air force operation during peace time.
  • Participation by the insured person in any flying activity, except as a bona fide, fare-paying passenger, pilot, air crew of a recognized airline on regular routes and on a scheduled timetable.
  • Participation by the insured person in a criminal or unlawful act with a criminal intent.
  • Engaging in or taking part in professional sport(s) or any hazardous pursuits, including but not limited to, diving or riding or any kind of race; underwater activities involving the use of breathing apparatus or not; martial arts; hunting; mountaineering; parachuting; bungee-jumping.
  • Disability due to psychiatric illnesses, post-traumatic stress disorder, chronic fatigue, chronic pain, and fibromyalgia are excluded
  • Any congenital condition
  • Congenital Anomaly refers to a condition(s) which is present since birth, and which is abnormal with reference to form, structure or position. 
    • Internal Congenital Anomaly- Congenital Anomaly which is not in the visible and accessible parts of the body
    • External Congenital Anomaly- Congenital Anomaly which is in the visible and accessible parts of the body
  • Failure to seek or follow medical advice


Surrender of Edelweiss Tokio Life TotalSecure+

  • Single pay
  • Limited Pay
  • Surrender Benefit
  • Regular pay
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