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Edelweiss Tokio Life Easy Pension

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Edelweiss Tokio Life - Easy Pension Plan Review

Edelweiss Tokio Life - Easy Pension is a Linked Non-Participating Pension Plan that helps you ensure that you have adequate financial resources to
enjoy your post-retirement life.


Key Features

  • Low Premium Allocation Charge
  • Guaranteed Loyalty Additions to enhance your return
  • Choice of terms up to 85 years and full flexibility with Premium Paying Terms
  • Premiums paying options of single pay, limited pay and regular pay
  • Simple and easy to buy with minimal process
  • Option to choose your risk strategy for allocation between funds
  • Automatic re-allocation of your money to optimize retirement needs


Benefits

Death Benefit
On Death of Life Insured Death benefit during and after PPT:
Higher of
  1. Fund Value
  2. Assured Benefit
  3. 105% of total premiums paid till date of death where Assured Benefit is 101% of total premiums paid till death

Vesting Benefit
Higher of
  1. Fund Value at maturity
  2. Assured Benefit where Assured Benefit is 101% of total premiums paid till maturity


Eligibility & other conditions

  Minimum Maximum
Entry Age 18 75
Maturity Age 45 85
Policy Term 10 67
Premium Paying Term (PPT) Single Pay, Limited Pay [5 Pay to (Policy Term-5)], Regular Pay
Premium Payment Frequency Single Pay, Annual, Semi-annual, Quarterly, Monthly
Minimum Premium
Single Pay: Rs. 45,000
Limited/Regular Pay:
Annual: Rs 15,000
Semi-Annual: Rs 8,000
Quarterly: Rs 4,000
Monthly: Rs 1,500
 

Other Benefits

Surrender Benefit
a) If the surrender request is received before the completion of first 5 policy years, the fund value net of discontinuance
charge shall be credited to the discontinued policy fund and the proceeds will be available only at the end of lock in
period. At the end of lock in period, the policyholder can exercise any one of the options as mentioned below to utilize
the proceeds from surrender.
b) If the surrender request is received after the completion of first 5 policy years, the policyholder shall be entitled to the
fund value. The policyholder can utilize the proceeds as per the options as mentioned below.

Policy Loan
No policy loan is available

Riders
No Riders are available under this product
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