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Edelweiss Tokio Life Insurance has launched an online term plan Edelweiss Tokio Life – MyLife+.
The plan is being offered exclusively online, the company said in a release.
The minimum entry age for the policy is 18 years and the product offers two death benefit options - lumpsum benefit option and income benefit option.
Deepak Mittal, MD & CEO, Edelweiss Tokio Life, said: “Edelweiss Tokio Life – My Life+ is competitively priced, a cover of Rs 1 crore available to a 25-year-old non-smoker male for a term of 25 years at an annual premium of just Rs 5,562. We believe that this product will change the dynamics of buying online insurance in the country.”
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