Edelweiss Tokio Life – MyLife+ – Life Insurance Policy In India

insuranceIt is never easy to write about a safety measure, especially when the measure is as grave as death. It is quite scary even to imagine how life would be for the people you love when you are not around. I once heard someone say, the dead are no more, but it is the living who continually suffer. True, one can never fathom the gravity of emotions and it is never easy to handle a situation like that. Probably it is impossible to plug the gap in the emotional aspect. But we can at least ensure that the physical and the basic requirements are taken care of.

And perhaps nothing comes as basic as finances in the current day scenario. As a family, if you are the earning member on whom the family depends for their expenses, it also becomes an onus on you to plan out the financial aspect for years to come. Of course, one way is to live in your means with the earnings you make and keeping your expenses minimal. It perhaps works perfectly well when you are there to take care of things. But god forbid, when things are beyond your control, it becomes a necessity to plan ahead as well.

We are all familiar with the life insurance plans and most of them pay out a specified amount upon the calamity and the amount certainly helps to take care of the loans, investments which comes to the rescue of the family in the future. But what if there was a way to plan out the way it was disbursed as well?  What if there was a mode where the disbursal would happen in a flexible mode where a lump sum amount is paid initially and an opportunity is provided to offer a monthly disbursal over a longer period of time? In other words, the family would still get your salary even when you are not around and the monthly day to day expenses are taken care of. Wouldn’t that be a bit of a relief?

Somehow, somewhere we need to move out of the culture of fire fighting. It is nice to hope that things will be smooth, but we all need a contingency plan. Of course, none of these can ever fulfil an emotional aspect of a loss but, it sure reduces the financial pressures so that you can focus on what lies ahead.

While browsing through a few insurance offers, I came across the Edelweiss Tokio Life – MyLife+ option and the benefits seemed pretty impressive. For a panoramic review, the benefits are as below:

MyLife+ [Sony PSP]

  1. Coverage up to 80 years of age
  2. You can choose your additional benefits in the form of riders such as accidental death benefit rider, total and permanent disability rider, premium waiver rider. More information about these riders can be found here.
  3. You can choose your payout options. These can be split in the form of a lump sum payout and a monthly payment option. This way, you can perform an efficient planning of finances for the family and offer them a monthly payout to take care of their expenses.
  4. You get a cover of up to Rs.1Cr with a premium of Rs.4,950/- per annum.

As always, the decision is finally yours and is open to your due diligence. More information about the policy can be found here – Edelweiss Tokio Life Insurance Policy. Best of all, the online era opens simplicity at your doorstep and you can apply for the online insurance here. 

After all a calamity offers a lot to worry about, don’t let money be the most important one. There are other issues to really care about.

Get insured!

Filed in: A-Z

One Response to "Edelweiss Tokio Life – MyLife+ – Life Insurance Policy In India"

  1. Maniparna Sengupta Majumder · Edit

    I wrote for Edelweiss CritiCare+ yesterday..same pinch… 😀

    Jokes apart, nice information shared, Vinay….insurance is an important part of life, it’s better to buy an umbrella before the onset of the monsoon… 🙂


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