Edelweiss Term Plan for Housewife: The Zindagi Plus Plan
Edelweiss Life Zindagi Plus is a flexible term policy that meets changing insurance needs of the policyholder and his/her family.
Steps to Get the Zindagi Plus Plan
You need to follow the below-mentioned steps to purchase the Zindagi Plus plan:
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Step 1
Choose the coverage amount you think covers your family's interests. It is advisable to select a cover 20x your present income.
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Step 2
- Select the policy tenure.
- Choose the tenure to pay premiums.
- Specify the pay-out medium.
- Select the frequency of paying premiums.
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Step 3
- Select medical or non-medical underwriting option
- Select critical illness or waiver of premium
- Select "Better Half" benefit
- Pick suitable riders
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Step 4
- Provide the required documents
- The company will verify the details and activate the plan thereafter.
Age Limits to Avail the Better-Half Benefit
Your spouse needs to be at least 18 years of age. However, this can differ based on your plan. The various factors are as follows:
- Life Cover with Decreasing Sum Assured & Regular Pay - 55 years.
- Life Cover with Level Sum Assured & Regular Pay - 60 years.
- Life Cover with Decreasing Assured & 'Pay Till 60' Payment Option - 50 years.
- Life Cover with Level Sum Assured and 'Pay Till 60' Payment Option - 50 years.
Wrapping Up
Housewives can benefit in many ways from a term plan. Edelweiss Term Plan for Housewife can ensure that your family is at least able to recover financially from your wife’s unfortunate demise, if not emotionally. Although no one can replace a loved one, financial assistance can make the process easier and more manageable over time. The sum assured amount can help children reach their goals and settle down, and housewives can leave a lasting legacy for their children.