Edelweiss Tokio Cashflow Protection Plan

Edelweiss Tokio Life Cashflow Protection Plan

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 is also a protection plan for Whole Life since it can be continued till 100 years of age and also helps in planning for Retirement Purpose since it provides for Money Back Payouts from 7^th, 10^th or 13^th policy year depending upon the Policy Tenure chosen till the end of the Policy Term.

How it works – In this plan premium needs to be paid till the end of the Premium Paying Term of 10, 15 or 20 years, as selected. The Policy Tenure can be chosen anytime from 85 to 100 years of age, in multiples of 5 years. Thus, the policy continues way beyond the premium paying term.

Now, there are number of benefits payable in this plan.

• 5% of the Sum Assured is paid as Money Back Payout every year from the 7^th, 10^th or 13^th policy year depending upon the Policy Tenure chosen, which continues till the Policy matures when the Life Insured is 85-100 years old
• A Cash Bonus is also paid along with the Money Back pay-outs
• There is a Guaranteed Accrual Benefit of 5% of the Sum Assured every year, which is payable on Maturity or on earlier Death. This benefit accrues every year from the 5th policy anniversary and continues till one year before the Money Back Payout begins.
• Thus, if the Life Insured survives till the end of the policy tenure, 110% to 140% of the Sum Assured is paid as Maturity Benefit, according to the calculation of the Guaranteed Accrual Benefit.

However, if the Life Insured dies before the policy term ends, then the entire Sum Assured + Guaranteed Accrual Benefit would be paid, according to the year of death as Death Benefit, irrespective of the amount already paid out as Money Back Payout and the policy would be terminated.

This plan also has 5 additional riders in this plan.