Edelweiss Life Insurance Company Limited
Edelweiss Life — Zindagi Protect Plus
Edelweiss Life flagship term plan (rebrand of Zindagi Plus). Individual, Non-Linked, Non-Participating, Pure Risk/Savings, Life Insurance Product.
The dealbreaker fields (term life)
Sum assured (max)
—
Claim settlement (CSR)
99%
Claims TAT
[object Object] days
Suicide exclusion
12 months
Payout options
Lumpsum · Monthly Income · Lumpsum + Monthly Income
Premium payment
Single Pay · Regular Pay · Limited Pay 5/10/15/20
Policy term
5–67 yrs
Surrender value
no
Free look
30 days
What this plan does well
- Better Half Benefit — Spouse coverage commences on Life Insured's death (no more premiums needed) — DEALBREAKER UNIQUE
- Child's Future Protect Benefit — additional SA during specific period
- Premium Break Benefit option
- Lumpsum + Monthly Income combined payout
- Return of Premium variant — 100% premiums refunded
- Coverage up to age 85
- Early Exit Benefit (URPV) for Limited Pay
- Death Benefit ≥105% Total Premiums Paid guarantee
Watch out for
- Better Half Benefit ONLY with Life Cover Option (NOT with RoP)
- If Spouse dies before Life Insured, Better Half Benefit not applicable
- Simultaneous death of Life Insured + Spouse (same event) — Better Half Benefit not payable
- Spouse suicide post Life Insured death (within 12mo) — only 80% of Better Half premiums
- Surrender Value only for RoP variant (Life Cover variant: no surrender)
- Regular Pay variant: No URPV (only Limited/Single Pay)
- Max entry 65 (lower than some competitors at 70)
Is this the right plan for you?
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