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.
annuity benefit
multiple options
Annuity options
Compare this plan with other Investment Plans
Key Features
Plan your retirement with guaranteed annuity benefit
Choice of multiple options as per your requirements
Pay only once and avail immediate annuity benefits for lifetime
Avail extra annuity benefits for higher premium amounts
Option to avail annuity during your lifetime and leave lump-sum thereafter for your loved ones
Option of annuity benefits for both - you and your spouse
Option to receive annuity benefits in yearly, half-yearly, quarterly or monthly installments
Benefits
Additional Benefits For Higher Purchase Price
- 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. - 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/- |
