Edelweiss Tokio Life Triple Advantage Plan
Edelweiss Tokio Life – Triple Advantage Plan is a non-linked, participating life insurance plan. You can plan your life stage needs fulfillment as you earn a guaranteed lump sum benefit which is an amount equal to Sum Assured on Maturity payable twice during the policy term. The first payout will be paid at the end of premium payment term and the second payout at the end of policy year when Life Insured attains age of 75. In addition to this you will also receive
Sum Assured on
Maturity i.e when you attain age of 100 years. Also, your loved ones have total peace of mind as you have protection till 100 years of age
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Edelweiss Tokio Life Triple Advantage Plan - Key Features
Edelweiss Tokio Life Triple Advantage Plan - Benefits
If all the premiums have been paid for at least first three consecutive years then the policy will not lapse and continue as a
‘Reduced Paid-u
No further bonus will be declared for the Reduced Paid-up policy. The reversionary bonuses that have been declared so
far, and if not paid ear
Paid-up GLB will be equal to GLB multiplied by paid-up factor.
• First paid-up GLB payout: At the end of the PPT
• Second paid-up GLB pay
On death of the Life Insured, after the policy getting paid-up, the beneficiary will receive:
Till the end of premium paying term:
• 100%
Reversionary bonus (RB1) that has been declared before the policy gets paid-up will be protected and paid at the end of
PPT.
Paid-up GLB
On maturity of the policy, the paid-up sum assured on maturity will be payable.
Further, the benefit payable on maturity shall never be less t
The Policy will acquire Surrender Value if all the premiums have been paid in full and received by Us for at least first three
policy years. O
The customer has an option of availing the following Rider benefits:
• Edelweiss Tokio Life - Accidental Death Benefit Rider (UIN: 147B002V02)
Eligibility & other conditions
| Eligibility | MInimum/Maximum |
| entry age (last birthday) | Minimum: 91 days Maximum: 55 years *for entry age below 5 years, risk commences after 1 Year and 11 months from the date of commencement of the policy. *for entry age of 5 years and above, risk commences immediately. |
| maximum maturity age (last birthday) | 100 years |
| policy term | 100 years less age at entry of the life insured |
| premium paying term | 10, 15, 20 and 25 years |
| sum assured on death | Sum Assured on death higher of: 11 times of the Annualized Premium OR Sum Assured on maturity annualized premium is the premium payable in a year chosen by the policyholder excluding the underwriting extra premiums and loadings for modal premiums if any. |
| sum assured on maturity | Minimum: 2 lakhs Maximum: no limit |
| premium payment frequency | Annual, semi-annual, quarterly, monthly |
