Edelweiss Tokio Life Insurance has launched Legacy Plus, an innovative product that provides life cover for two and income lasting three generations through a single product. The product addresses multiple customer needs, including child financial planning, legacy planning, and any emergent needs during its tenure. To provide flexibility and liquidity, the product includes the optional Accrual of Survival Benefit feature and early income.
Elegy Tokio Life Insurance Executive Director SubhrajitMukhopadhyay explains that the product aims to provide a simple and flexible financial solution for customers, allowing them to fulfil multiple aspirations effectively and offer peace of mind to the entire family. The optional feature Accrual of Survival Benefit allows policyholders to withdraw or accumulate income as per their requirements, and the product also allows partial withdrawal of the accumulated corpus.
Early Income offers income to the policyholder from the end of the first year of the policy. The product offers income until 100 years of age, even in case of the death of the primary or secondary life insured, ensuring that at least three generations of a family can benefit from the income pay-out.
