Edelweiss Tokio Raksha Kavach

Name: Edelweiss Tokio Raksha Kavach

Type of policy: Term Policy

For buying policy: Yes

Term insurance is a fantastic product that every single family needs to have, for its earning member(s). It is a pure life insurance policy that gives your family a cover in case of an eventuality to the bread winner. A single term policy of adequate cover will suffice for entire insurance needs.

We typically recommend an insurance cover of 4-8 times your annual income and for as long a term as is available for your age. Find out the ideal cover for you using this calculator.

This is a non-linked, non-participating micro term assurance plan. This plan helps you avail your life cover requirements and comes in lower ticket sizes with both single pay and regular pay options. This plan offers affordable sum assured options especially designed for the socially and economically weaker section of population. No medical tests and minimum documentation with Premium amounts to be as low as Rs 32 which make this plan perfectly suitable for lower income group

Product features:

Parameter

Value

Minimum age at entry

18 years

Maximum age at entry

50 years

Policy Term

5 years

Maximum age at maturity

55 years

Minimum Sum Assured

Rs 5000

Maximum  Sum Assured

Rs 50,000

 

Returns: If the insured survives term, no benefits are paid. Insurance should be viewed as an expense rather than investment.  Both function best when handled separately.

Better Alternative:

Online Pure Term Policies.

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