Edelweiss Tokio Life Safe N Sure Plan
Edelweiss Tokio Life Safe n Sure Plan
Edelweiss Tokio Life-Safe n Sure Plan (WA) is a non-Participating Endowment Plan. It is a Traditional Plan without Bonus facility.
How it works – In this plan, premium needs to be paid for 15 years irrespective of the Policy Tenure chosen. Thus, there is Limited Payment as well as Regular Payment Option in this plan.
In this plan, the Sum Assured would be paid to the policyholder on survival till the end of the policy tenure as Maturity Benefit and the policy terminates. However, if the Life Insured dies within the policy year, then the Sum Assured would be paid to the nominee as Death Benefit and the policy terminates.
There are 6 additional riders in this plan.
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Edelweiss Tokio Life Safe N Sure Plan - Key Features
Edelweiss Tokio Life Safe N Sure Plan - Benefits
In case of death of the Life Insured within the Policy Tenure, the Sum Assured would be paid to the nominee as Death Benefit and the policy termina
On survival till the end of the policy tenure, the policyholder gets the Sum Assured as the Maturity Benefit and the policy terminates.
Life Insurance premiums paid up to Rs. 1,50,000 are allowed as a deduction from the taxable income each year under section 80C an
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Eligibility conditions & other restrictions in Edelweiss Tokio Life-Safe n Sure Policy
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Minimum
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Maximum
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Sum Assured (in Rs.)
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2,00,000
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No Limit
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Policy Term (in years)
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15, 20
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25
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Premium Payment Term (in years)
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15
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Entry Age of Life Insured (in years)
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5
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55
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Age at Maturity (in years)
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-
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80
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Premium (in Rs.)
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Annual: Rs 7,326,
Semi-annual: Rs 4,000,
Quarterly: 2,500,
Monthly: Rs 1,000
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No Limit
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Payment modes
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Monthly / Quarterly / Semi-Annually / Annually
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Edelweiss Tokio Life Safe N Sure Plan - FAQs
Loan facility is available in this plan upto 90% of surrender value.
