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Edelweiss Tokio Life Dhan Labh

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Edelweiss Tokio Life – Dhan Labh

Edelweiss Tokio Life – Dhan Labh is a guaranteed returns, endowment plan that provides higher additional benefit for higher annualized premium

Key Features

 Stay protected and get guaranteed amount on maturity

 Get additional benefits from 13 policy year through “Assured Additions”

 Get extra benefit for higher premium

 Loan facility to meet any urgent / unforeseen liquidity requirements

 Option to make your cover more comprehensive through riders

 Choice of various Policy Term (15 / 20 / 25 / 30 years) and Premium Paying Term (7 / 10 /12 years) are available to suit your need

Benefits

Death Benefit
On death of the Life Assured during the policy, company pays death benefit as Sum Assured on Death plus Accrued Assured
Additions, if any

Maturity Benefit
On survival of Life Assured till maturity, company pays maturity benefit as:
Sum Assured on Maturity (SAM) + Accrued Assured Additions

Tax Benefits
You can avail tax benefits under Section 80C and Section 10 (10D) of Income Tax Act, 1961.
Premium paid for Critical Illness Rider, if opted, may qualify for a deduction under Section 80D of the Income Tax Act, 1961. Tax benefits are subject to change in the tax laws.

Eligibility & other conditions

Minimum Entry Age 91 Days
Maximum Entry Age (Last birthday)  45 Years (age last birthday)
Minimum Maturity Age (Last birthday)  18 Years
Maximum Maturity Age (Last birthday)  75 Years
Policy Term (PT) 15, 20, 25 and 30 Years
Premium Paying Term (PPT) 7, 10 and 12 years
Premium Payment Frequency  Annual, Semi-annual, Quarterly, Monthly
Sum Assured on Death Higher of • 10 times of Annualized Premium* OR
• Sum Assured on Maturity OR
• 105% of total premiums paid (excluding any underwritingextras, rider premiums, service tax and cess, if any) till date of death
• Any absolute amount^ assured to be paid on death
Sum Assured on Death Minimum: Rs.55,000
Maximum: No Limit
Sum Assured on Maturity Annualized Premium x Premium Paying Term + Large
Premium Benefit, if any
 

Other Benefits and Details

Riders
1. Edelweiss Tokio Life - Accidental Death Benefit Rider
2. Edelweiss Tokio Life - Accidental Total & Permanent Disability Rider
3. Edelweiss Tokio Life - Critical Illness Rider
4. Edelweiss Tokio Life - Income Benefit Rider
5. Edelweiss Tokio Life - Term Rider
6. Edelweiss Tokio Life - Waiver of Premium Rider
7. Edelweiss Tokio Life - Payor Waiver Benefit Rider

Policy Loan
Policy loan is available once policy acquires surrender value.

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