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Edelweiss Tokio Life introduces new insurance plan

Edelweiss Tokio Life Insurance Company has introduced a new non-linked life insurance plan to offer a combination of savings and protection.

Called Edelweiss Tokio Life – Wealth Builder, the new plan will guarantee all the benefits right at the beginning of the policy, reported Business Standard.

With a minimum and maximum entry age of 91 days and 70 years respectively, the policy term ranges between 10 and 30 years with the option of paying premiums in monthly, semi annually or annual installments, reported Business Standard.

Furthermore, Edelweiss Tokio Life – Wealth Builder will offer a Guaranteed Loyalty Additions (GLA) and other features like 15-day free look period, loan facility, and option to choose riders like accidental death benefit, total and permanent disability cover, critical and so on.