Edelweiss Tokio Life POS Saral Nivesh

At the end of your policy term, you will receive the Guaranteed Maturity Benefit provided all due premiums have been paid in full and the policy is in-force. Your Guaranteed Maturity Benefit is equal to the Sum Assured on Maturity.

In case of unfortunate demise of Life Insured while the policy is in-force, the Nominee will receive the Guaranteed Death Benefit.

The Guaranteed Death Benefit is equal to the Sum Assured on Death which is -
Higher of –

• 10 x Annualised Premium ; or
• Sum Assured on Maturity; or
• 105% of total premiums paid (excluding underwriting extras, service tax and cess, if any) till date of death; or
• Any absolute amount assured to be paid on death which is higher of Sum Assured on Maturity or 10 x Annual Premium

The policy has a 90 day waiting period from the Date of Inception of the Policy within which, if death occurs (other than due to accident), the nominee will receive 100% of the premiums paid till the date of death excluding service tax and cess. During this period the Guaranteed Death Benefit will not be payable.

With simplicity and flexibility, this plan offers you liquidity. You can avail a loan facility once your policy acquired a surrender value.

You can avail tax benefits under Section 80C and Section 10 (10D) of Income Tax Act, 1961 subject to conditions under the Sections. Tax benefits are subject to change in the tax laws.

You have an option to revive your policy within two years from the date of the first unpaid premium. The revival will be considered on receipt of written application from the policyholder along with the proof of continued insurability of Life Insured and on payment of all overdue premiums together with interest as declared by the Company from time to time.

You can surrender this policy. Your policy will acquire surrender benefit based on the premium paying term you choose and the number of premiums you have paid.

For 5 and 7 Premium Paying Term

• Your Policy acquires Surrender Value if all the premiums have been paid in full for at least first two policy years.

For 10 and 12 Premium Paying Term

• Your Policy acquires Surrender Value if all the premiums have been paid in full for at least first three policy years.

If you are disagreeable with the terms and conditions, you can return the policy within 15 days from the date of receiving your policy, stating the reason. Premium paid will be refunded to you after deducting stamp duty charges and proportionate risk premium for the period already covered.