Edelweiss Tokio Life Milestones Plan
Edelweiss Tokio Life – Milestones is an endowment plan with cash back at regular intervals catering to the need of wealth accumulation.
On death of the life Assured during the policy term, total of the following becomes payable in lump sum: 100% of Sum Assured, irrespective of survival benefits already paid plus accrued bonuses declared till death.
On survival at various policy years, cash back will be payable as a percentage of sum assured.
On survival of the Life Assured till maturity, total of the following becomes payable in lump sum:
40% of Sum Assured plus accrued bonuses declared till maturity
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.
- Edelweiss Tokio Life - Accidental Death Benefit Rider
- Edelweiss Tokio Life - Accidental Total & Permanent Disability Rider
- Edelweiss Tokio Life - Critical Illness Rider
- Edelweiss Tokio Life - Income Benefit Rider
- Edelweiss Tokio Life - Payor Waiver Benefit Rider
- Edelweiss Tokio Life - Term Rider
- Edelweiss Tokio Life - Waiver of Premium Rider
The Policy acquires surrender value provided that premium for at least three policy years has been received in full by the Company. On Surrender, the surrender value, if any, will be immediately paid and policy will be terminated. Surrender value payable would be higher of guaranteed surrender value and special surrender value.
Guaranteed Surrender Value (GSV):
The Guaranteed Surrender Value is sum of ‘Surrender value of premiums’ & ‘Surrender value of bonuses paid till date
|Minimum Entry Age of Life Insured (years)||14||14||13||12|
|Minimum Entry Age of Life Insured (years)||44||40||35||30|
|Maximum Maturity Age (years)||60||60||60||60|
|Premium Paying Term||12||16||20||24|
|Minimum Sum Assured||Rs.2,50,000|
|Maximum Sum Assured||No Limit|
|Premium Payment Frequency||Annual, Semi-annual, Quarterly and Monthly|