Edelweiss Tokio Life Insurance launches Zindagi Protect

Hyderabad: Edelweiss Tokio Life Insurance launched Zindagi Protect, a term insurance plan that offers a range of unique benefits to meet the ever-changing financial needs of the customer. It offers a unique offering are its three optional benefits – child’s future protect benefit, better half benefit, and premium break benefit.

The child’s future protect benefit allows the policyholder to increase their life cover for the period until their child turns 25 years old and ensure enhanced financial security for the family. The better half benefit, a first of its kind innovative optional benefit which allows the policyholder to provide a life cover for their spouse after the policyholder’s death without any future premium requirements. This benefit was borne from the insight that in case of a spouse’s death, the other spouse usually inherits the financial and household responsibilities and therefore a term cover is critical for them. The premium break benefit allows the policyholder an option to select Premium Break which gives them flexibility to skip up to eight premiums depending on the premium payment and policy term.

Subhrajit Mukhopadhyay, Executive Director, Edelweiss Tokio Life Insurance said, “Life insurance forms the foundation of financial planning and term insurance, especially, is critical for every income-earning individual. Our effort over the years has been to offer comprehensive, all encompassing products that have the means to address the varied requirements of our customers. Simply put, we want to offer need-based and customizable solutions to everyone. Zindagi Protect is aligned with that goal.”