Edelweiss Tokio Life Guaranteed Income Plan

On death of life assured during the policy term:

Highest of following amounts will be paid:

10 times of annualized premium

OR 125% of annualized premiums till date of death

OR lump sum amount available at maturity

On survival of the life assured till maturity, 200% of the annual premium (excluding rider premium and extra premium) will be paid at the end of each year during the payout period.

After maturity of the policy, if the policyholder/nominee wishes to get the discounted value of outstanding future survival benefits as lump sum during any of the payout year then the discounted value calculated by using the discount rate of 9% per annum will be payable

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.

1. Edelweiss Tokio Life - Accidental Total & Permanent Disability Rider

2. Edelweiss Tokio Life - Accidental Death Benefit Rider

3. Edelweiss Tokio Life - Waiver of Premium Rider

4. Edelweiss Tokio Life - Term Rider

5. Edelweiss Tokio Life - Critical Illness Rider

6. Edelweiss Tokio Life - Hospital Cash Benefit Rider

7. Edelweiss Tokio Life - Payor Waiver Benefit Rider

On premium discontinuance after first premium payment, the policy will be lapsed and no surrender value or paid-up value will be payable. On premium discontinuance after first 2 policy years’ full premium payment, the policy shall become paid-up.