Edelweiss Tokio Life - Cashflow Protection
Product Info
UIN
Status
Launch Date
Withdrawn Date
Product Overview
Edelweiss Tokio Life Cashflow Protection Plan is a Non-linked, Participating Money Back Plan. Thus, it is a Traditional Endowment Assurance Plan with Bonus facility. This plan works like a protection plan for Whole Life as it can be continued till 100 years of age. It also helps in planning for Retirement, since it provides for Money Back Payouts from 7th, 10th or 13th policy year depending upon the Policy Tenure chosen till the end of the Policy Term.
Product Description
- This is a Traditional Whole Life Plan with Bonus facility
- The premium is paid for a limited period but the plan continues till 100 years of the Life Insured
- The Maturity Age can be chosen anytime from 85 to 100 years of age when the Maturity Benefit would be paid
COMPARE & BUY SIMILAR PLANS
Unique Features
- Edelweiss Tokio Life - Cashflow Protection is a Traditional Endowment cum whole life Plan with Bonus facility
- The plan provides life coverage till 85/100 years of age and also provides guaranteed yearly payouts 5% of sum assured from 7th, 10th or 13th policy year depending upon the policy term till the end of the Policy Term.
- Along with the guaranteed yearly payouts, addition yearly cash bonus is paid(to be declared every year)
- Another guarantee is added from the 6th policy year till premium paying term which is paid in addition to the sum assured at maturity
Eligibility Criteria
| Eligibility Criteria | ||||||
|---|---|---|---|---|---|---|
| Minimum | Maximum | |||||
| Entry Age of Life Assured | 5 Years | 65 Years | ||||
| Age at Maturity | 85 Years | 100 Years | ||||
| Policy Term | 85 years less age at entry of the life insured | 95 years | ||||
| Premium Paying Term | 10/15 Years | 20 Years | ||||
| Payment modes | Annual , Semi-annual, Quarterly and Monthly | |||||
| Sum Assured (in Rs.) | 75,000 | No Limit | ||||
| Annual Premium (in Rs.) | 5702 | No Limit | ||||
OneInsure App Benefits
Product Benefit
| Benefit | Description | |||||
| Maturity Benefit | 110% to 140% of the Sum Assured is paid as Maturity Benefit | |||||
| Survival Benefit | 5% of the Sum Assured is paid as Money Back Payout from the: | |||||
| 7th Policy Anniversary for PPT | 10 Years | |||||
| 10th Policy Anniversary for PPT | 15 Years | |||||
| 13th Policy Anniversary for PPT | 20 Years | |||||
| Death Benefit | Sum Assured + Guaranteed Accrual Benefit as Death Benefit and the policy would terminate. | |||||
| Tax Benefit | Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C | |||||
Other Policy Features
| Feature | Description | |||||
|---|---|---|---|---|---|---|
| Cash Bonus | This starts along with the Money Back payout and continues to be paid till maturity | |||||
| 7th Policy Anniversary for PPT | 10 Years | |||||
| 10th Policy Anniversary for PPT | 15 Years | |||||
| 13th Policy Anniversary for PPT | 20 Years | |||||
| You stop paying the premium | ||||||
| The policy can be revived within 2 years from the date of first unpaid premium. | ||||||
| The policy continues with the Paid Up Sum Assured which is calculated according to the number of years’ the premium has been paid for | ||||||
| You want to surrender the policy | ||||||
| Surrender Benefit is allowed under this plan but after 3 policy years. | ||||||
| Guaranteed Surrender Value | ||||||
| 30% of all Premiums paid till date– 1st year’ s premium | ||||||
| There is Special Surrender Value of this plan for various Premium Paying Terms. | ||||||
| Loan | ||||||
| Loan facility is available under this policy after the 3rd policy year. | ||||||
Add-ons
- Accidental Total & Permanent Disability Rider:
Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider provides you with a lump sum to cater to your immediate expenses in case your income earning capacity is hindered due to an accidental disability (total & permanent).
- Accidental Death Benefit Rider:
Edelweiss Tokio Life - Accidental Death Benefit Rider provides for additional financial security in case any accident occurs. Also, the benefit is payable in lumpsum.
- Waiver of Premium Rider:
Edelweiss Tokio Life - Waiver of Premium Rider provides you protection in case of critical illness or accidental total and permanent disability.
- Life - Term Rider:
Edelweiss Tokio Life - Term Rider provides you with a lumpsum amount in addition to the base plan cover to provide increased security to your family
- Critical Illness Rider:
Edelweiss Tokio Life - Critical Illness Rider Provides you with a lumpsum to cater to your immediate expenses in case your income earning capacity is hindered in the event of critical illness
Exclusions
If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of reinstatement of the Policy,
the Policy shall be void and the Company will only be liable to pay the higher of 60% of premiums paid or the surrender value.
Claim Process
Know Claim Process Of Edelweiss Tokio Life - Cashflow Protection
Company Overview
Edelweiss Tokio is a new age life insurance player in India, Established in 2011.Edelweiss Tokio Life is a Joint Venture between one of India’s growing and largest non banking financial entity, Edelweiss Financial Services Limited and one of the oldest insurer of Japan, Tokio Marine and Nichido Fire Insurance Co. Ltd.
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