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
- 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
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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%
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Eligibility
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Eligibility
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Minimum/Maximum
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entry age (last birthday)
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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.
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premium paying term
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Single pay
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minimum premium/purchase price
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minimum premium/purchase price is Rs.1,00,000/-
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