Edelweiss Financial Services and Tokio Marine Holdings’ Joint venture (JV) Company -- Edelweiss Tokio Life Insurance Company’s Zindagi Plus, a Term Insurance Plan will provide extra financial protection to families through its optional better-half benefit.
Under the Better-Half Benefit option, if the policyholder passes away, the sum assured is paid out instantly to the nominee and all future premiums are exempted. Apart from this, a life insurance policy will start in the name of the surviving spouse worth 50% of the original sum assured. This will ensure that the children and other dependents are well taken care of and they do not have to suffer financially if something happens to the surviving parent.
Edelweiss Financial Services is primarily engaged in the business of rendering merchant banking services. The company operates in two segments - agency business and holding company activities.
