Edelweiss Tokio Life Wealth Builder

On Death of Life Assured

For policyholder with entry age above 5 years:

Sum Assured on Death plus Accrued Guaranteed Loyalty Additions, if any will be
payable to Nominee/Legal heir

Where, Sum Assured on Death is higher of:

• 10 times of Annualized premium OR
• Sum Assured on Maturity OR
• 105% of total premiums paid till date of death
• Any absolute amount assured to be paid on death

Any absolute amount assured to be paid on death will be equal to

• 10 times of Annual Premium for 5 Pay and 7 Pay
• 11 times of Annual Premium for 10 Pay
• 13 times of Annual Premium for 12 Pay

Also, the Death Benefit at any point in time would be at least equal to 115% of
Annualized Premiums paid till date of death.

For policyholder with entry age below 5 years

For minor lives, where the entry age is below 5 years, the risk cover will start one
month prior to the second policy anniversary.
In case of death anytime during the 1 year and 11 months from the date of commencement of the policy 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.

Sum Assured on Maturity plus Accrued Guaranteed Loyalty Additions plus Large
Premium Benefit
Where Sum Assured on Maturity is equal to cumulative Annualized Premium (i.e.
Annualized Premium X PPT)
NON-FORFEITURE BENEFITS
Premium Discontinuance

5 Pay and 7 Pay
If all premiums for first policy year have not been paid in full, then paid-up value is nil. If all the premiums have been paid for at least first policy year then the policy will continue as a ‘Reduced Paid-up’ policy and all the benefits shall be reduced proportionately.

10 Pay and 12 Pay
If all premiums for at least first two policy years have not been paid in full, then Paid-up value is nil. If all the premiums have been paid for at least first two policy years then the policy will continue as a ‘Reduced Paid-up’ policy and all the benefits shall be reduced proportionately.

5 Pay and 7 Pay
The Policy acquires Surrender Value from second policy year provided all the premiums for first policy year have been paid in full.

10 Pay and 12 Pay
The Policy acquires Surrender Value if all the premiums have been paid in full for at least first two policy years. On surrender the Surrender Value, if any, 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).

You can avail tax benefits under Section 80C and Section 10 (10D) of Income Tax Act, 1961 subject to conditions under the Sections. 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.

Loan is available once policy acquires Surrender Value. Maximum loan amount available is 90% of Surrender Value offered by the Company.

The customer has an option of availing the following Rider benefits:

• Edelweiss Tokio Life - Accidental Death Benefit Rider (UIN: 147B002V02)
• Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider (UIN: 147B001V02)
• Edelweiss Tokio Life - Term Rider (UIN: 147B004V02)
• Edelweiss Tokio Life - Critical Illness Rider (UIN: 147B005V02)
• Edelweiss Tokio Life - Waiver of Premium Rider (UIN: 147B003V02)
• Edelweiss Tokio Life - Payor Waiver Benefit Rider (UIN: 147B014V02)
• Edelweiss Tokio Life – Income Benefit Rider (UIN: 147B015V01)

Rider Sum Assured cannot exceed the Base Sum Assured. Total rider premium cannot exceed 30% of the base product’s premium.

After you receive your policy, please go through it carefully to check the coverage amount, policy specifications and the obligations by Edelweiss Tokio Life Insurance. If you are disagreeable with the terms and conditions, you can return the policy within 15 days* of receiving your policy, stating the reason for your cancellation. Premium paid will be refunded after deducting stamp duty and cost of medical expenses, if any.