Guided by the customer need for a comprehensive family proposition, Edelweiss Tokio Life Insurance has launched Legacy Plus, an innovative participating product that offers life cover for 2 and income lasting 3 generations through a single product. The product effectively addresses various customer needs, including child financial planning, legacy planning, and any emergent needs during its tenure. With a view to provide flexibility and liquidity, the product includes Accrual of Survival Benefit (optional) feature, and early income.
Legacy Plus offers personalized family coverage with the Accrual of Survival Benefit feature, allowing policyholders to withdraw or accumulate income according to their needs. It also allows partial withdrawal of accumulated corpus. The product also provides liquidity through Early Income, providing income from the end of the first year.
Legacy Plus offers two base plan options: Lifelong Income Option, and Family Secure Option. Subhrajit Mukhopadhyay, Executive Director, Edelweiss Tokio Life Insurance said, “Through Legacy Plus, our objective was to provide such a solution to the customer, wherein they can find the means to fulfil multiple aspirations effectively and offer the peace of mind to the entire family that their financial needs are taken care of through a single product.”
