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Edelweiss Tokio Life Immediate Annuity Plan

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Edelweiss Tokio Life – Immediate Annuity Plan


An immediate pension plan that caters to the need of retirement funding. Make sure that you earn an annual income long after you quit working. A plan in which you pay once and you start getting lifelong pension immediately. 

Key Features

  1. Plan your retirement with guaranteed annuity benefit
  2. Choice of multiple options as per your requirements
  3. Pay only once and avail immediate annuity benefits for lifetime
  4. Avail extra annuity benefits for higher premium amounts
  5. Option to avail annuity during your lifetime and leave lump-sum thereafter for your loved ones
  6. Option of annuity benefits for both - you and your spouse
  7. Option to receive annuity benefits in yearly, half-yearly, quarterly or monthly installments

Additional Benefits For Higher Purchase Price

1.On purchase of annuity on death/vesting of pension policies of Edelweiss Tokio Life Insurance Company Limited, an
additional 3% of base annuity amount will be payable.
2. For all annuity options, additional rate will be added for higher Premium / Purchase price. The additional rate is given
below:
100,000 – 299,999 Nil
300,000 – 499,999 0.05%
500,000 and above 0.10%

Eligibility

Eligibility

Minimum/Maximum

entry age (last birthday)

Minimum : 18 years*
Maximum : 85 years 
 *Minimum entry age will be 0 years for annuity purchase from the proceeds of the death benefit of the pension policies of Edelweiss Tokio Life Insurane Co Ltd. 

premium paying term

Single pay

minimum premium/purchase price

minimum premium/purchase price is Rs.1,00,000/-

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