Edelweiss Tokio Life Cash Income

Survival Benefit has three components as given below:

For life assured with entry age above 5 years:
The death sum assured, irrespective of survival benefit already paid, at any time during the policy term is either equal to or higher than of:

• 10 times of annualized premium OR
• 105% of premiums paid till date of death OR
• Minimum guaranteed sum assured on maturity OR
• Absolute amount assured to be paid on death

For life assured with entry age below 5 years:
For the minor where entry age is below 5 years the risk cover will start one month prior to the second policy anniversary. In case of death during the 1 year and 11 months from the date of commencement of the policy for minor lives where entry age was below 5 years, the company will pay 105% of total premiums paid till date of death. Once the risk cover starts the death benefit would be as per the benefit offered for Entry Age above 5 years.
For Eg: If the age at entry of life assured is 2 years then the risk cover will start after 1 year and 11 months from the date of commencement of the policy and absolute amount assured to be paid on death would start at 106% of sum assured. After one month i.e. completion of second policy anniversary absolute amount assured to be paid on death would increase to 112% of sum assured and so on.

The policy acquires surrender value if all the premiums have been paid for at least three consecutive years. On surrender anytime thereafter, the surrender value will be immediately paid and policy will be terminated.

The surrender value payable is higher of the Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV).

Policy loan is available once it acquires surrender value. Maximum loan amount available is 90% of surrender value offered by the Company. Interest will be charged on the outstanding loan amount at a rate declared by the Company from time to time based on then prevailing market conditions

Edelweiss Tokio Life – Accidental Total and Permanent Disability Rider
Edelweiss Tokio Life – Accidental Death Benefit Rider
Edelweiss Tokio Life – Waiver of Premium Rider
Edelweiss Tokio Life – Term Rider
Edelweiss Tokio Life – Critical Illness Rider
Edelweiss Tokio Life – Payor Waiver Benefit Rider