Edelweiss Tokio Life -

Simply Protect
[An Individual, Non-Linked, Non-Par, Pure Risk Premium, Life Insurance Product]

Overview:
Being the breadwinner of the family you always strive to provide the best to your loved ones. Your presence ensures
they are happy and secure but how will they manage if life takes you away from them untimely.
Looking at the increased number of unfortunate events happening around, it becomes imperative to adequately secure
the financial future of loved ones.
Presenting, Edelweiss Tokio Life – Simply Protect, a pure term plan that enables you to provide an adequate level of
financial protection to your family at an economical rate.

Product Description:
The Plan
• Is a Non-Linked, Non-Participating, Pure Risk Premium, Life Insurance Plan.
• Provides an option to choose life cover up to age 80.
• Provides flexibility to choose from four death benefit options available.
• Enables to choose death benefit pay-out option as lump sum or in the form of monthly income for 130 months
starting from next policy month anniversary from the date of death.
• Gives the freedom to choose the premium paying term as per your suitability .
• Provides discount on premium for large sum assured (depending on the sum assured, policy term & premium
paying term).
• Allows to avail tax benefits under section 80C and 10(10D) of the Income Tax Act, 1961.
Tax benefits are subject to changes in the tax laws.

Boundary Conditions:
Below table shows the allowed entry age and available policy
Criteria Minimum Maximum terms for different premium paying terms under the plan :

Entry Age 18 years 65 years Entry Age Policy Term

(Last Birthday) PPT (Subject to
Minimum Maximum Age + PT <= 80)
Maturity Age 28 years 80 years
(Last Birthday)
Single Pay, 10 to 40 years
Regular Pay, 18 65 Or
Sum Assured (SA) Rs. 25,00,000 No Limit
5 Pay Age 80 less Entry Age

Policy Term (PT) 10 years 62 years 15 to 40 years

10 18 65 Or
Single Pay, Limited Pay Age 80 less Entry Age
Premium
Paying Term (PPT) (5/10/15/20 Pay)
& Regular Pay 20 to 40 years
15 18 60 Or
Premium Age 80 less Entry Age
Annual/Single
Payment Frequency 25 to 40 years
20 18 55 Or
Premium Rs. 3,000* No Limit Age 80 less Entry Age

*excluding taxes
 Key Benefits:
Death Benefit
• On death of the life insured during the policy term, below death benefit becomes payable:

Death Benefit for Single Pay policies will be Death Benefit for policies other than Single Pay, will be
higher of: higher of:
• 125% of Single Premium Or • 10 times of Annualized Premium* Or
• Chosen Sum Assured • 105% of the Total Premiums Paid# upto the date of death Or
• Chosen Sum Assured
Annualized premium is the premium payable in a year excluding applicable taxes, rider premiums, underwriting extra premiums
*

& loadings for modal premiums, if any.

#
Total Premiums Paid means total of all the premiums paid excluding any extra premium, any rider premium and taxes.
• At the application stage policyholder has to choose one of the below four death benefit options :

Death Benefit Options Death Benefit

1. Life Cover • In the event of life insured’s natural or accidental death during the policy term :
(This option is available when Base Sum Assured becomes payable, as per the payout option chosen and the
Age + Policy Term <= 80) policy terminates.

2. Life Cover with Inbuilt • In the event of life insured’s natural death during the policy term :
Accidental Death Benefit Base Sum Assured becomes payable, as per the payout option chosen and the
(This option is available only if Age policy terminates.
+ Policy Term <=70) • In the event of life insured’s accidental death during the policy term :
Accidental Death Benefit Sum Assured becomes payable as lumpsum and the
Base Sum Assured Amount will be paid as per the payout option chosen and the
policy terminates. [Inbuilt Accidental Death Benefit Sum Assured will be equal to
the Base SA amount, subject to maximum of Rs. 1 Crore]

3. Life Cover with Inbuilt • In the event of life insured’s natural or accidental death during the policy term :
Waiver of Future Premiums Base Sum Assured becomes payable, as per the payout option chosen and the
Payable on Accidental Total policy terminates.
and Permanent Disability
• In the event of confirmed diagnosis of Total and Permanent Disability of the life
(This option is available only if : insured due to accident during the premium paying term :
Age + Premium Paying Term <=70 All future premiums will be waived till the premium paying term or death,
and Waiver of Premium Sum whichever is earlier and the Base Sum Assured becomes payable on death of the
Assured is <=Rs. 50 lacs) life insured, as per the payout option chosen and the policy terminates.

4. Life Cover with Inbuilt • In the event of life insured’s natural or accidental death during the policy term :
Waiver of Future Premiums Base Sum Assured becomes payable, as per the payout option chosen and the
Payable on Critical Illness policy terminates.
(This option is available only if : • In the event of confirmed diagnosis of life insured suffering from one of the 12
Age + Premium Paying Term <=70 insured critical illnesses during the premium paying term :
and Waiver of Premium Sum All future premiums will be waived till the premium paying term or death,
Assured is <=Rs. 50 lacs) whichever is earlier and the Base Sum Assured becomes payable on death of the
life insured, as per the payout option chosen and the policy terminates.

Edelweiss Tokio Life Insurance Company Limited

Registered Office: 6th Floor, Tower 3, Wing ‘B’, Kohinoor City, Kirol Road, Kurla (W), Mumbai 400070 | Corporate Office: 4th Floor, Tower 3, Wing ‘B’, Kohinoor City, Kirol Road, Kurla (W), Mumbai 400070 | Toll
Free No.: 1800 212 1212 | Fax No.: +91 22 6117 7833 | www.edelweisstokio.in | IRDAI Reg. No.: 147 | CIN: U66010MH2009PLC197336 | UIN: 147N035V02 | Advt No.: OP/0866/Jul/2020
Disclaimer: Edelweiss Tokio Life - Simply Protect is only the name of an Individual, Non-Linked, Non-Par, Pure Risk Premium, Life Insurance Product and does not in any way indicate the quality of the
plan, its future prospects, or returns. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the tax
laws. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.
Flower & Edelweiss are trademarks of Edelweiss Financial Services Limited; Tokio is Trademark of Tokio Marine Holdings Inc. and used by Edelweiss Tokio Life Insurance Co. Ltd. under license.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.