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Edelweiss Tokio Life Milestones Plan

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Edelweiss Tokio Life – Milestones

Edelweiss Tokio Life – Milestones is an endowment plan with cash back at regular intervals catering to the need of wealth accumulation.

Key Features

  • Regular cash back at pre-determined policy years to take care of your short term needs
  • Additional benefit in the form of reversionary bonus declared every year
  • Get death benefit equal to sum assured plus accrued bonus
  • Choice of various policy terms and thus cash back intervals are made available to suit your need
  • Discounts on premiums for higher Sum Assured
  • Make your cover more comprehensive by adding various riders



Death Benefit

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.

Survival Benefit

On survival at various policy years, cash back will be payable as a percentage of sum assured.

Maturity Benefit

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
Tax Benefits
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.

Eligibility & other conditions

Policy Term 16 20 25 30
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


Other Benefits and Details


1. Edelweiss Tokio Life - Accidental Death Benefit Rider
2. Edelweiss Tokio Life - Accidental Total & Permanent Disability Rider
3. Edelweiss Tokio Life - Critical Illness Rider
4. Edelweiss Tokio Life - Income Benefit Rider
5. Edelweiss Tokio Life - Payor Waiver Benefit Rider
6. Edelweiss Tokio Life - Term Rider
7. Edelweiss Tokio Life - Waiver of Premium Rider

Policy Loan

Policy loan is not available under this plan
Premium discontinuance
On premium discontinuance before three years’ full premium payment, the policy will be lapsed and no surrender value or paid-up value will be payable. On premium discontinuance after first three policy years’ full premium payment, the policy will continue as a paid-up policy for a reduced paid-up sum assured.

Surrender Benefit

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’
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