Take a step ahead to secure a regular income
4 Reasons Why You Should Have Bought This Plan Yesterday
Guaranteed¹ income starting 2nd year, till 99 years
The Early Income option gives it starting 2nd policy year and the Deferred Income option gives it a year after your policy term ends.
It’s got a Life Insurance Cover with added benefits
Life Insurance Plan = Good. Regular Income Plan = Also Good. But a combination of the 2 = Truly Great
Guaranteed¹ Support for your family till 99 years of age
This plan gives you the power to give your partner, your kids and grandkids , “financial assistance Until 99 years of age”.
Different ways of getting Income Benefit
Choose between Level Guaranteed Income or Increasing Guaranteed Income basis what suits you best.
Benefits of Active Income Plan
Protection and Income till 99 years
This plan can be described as ‘Single Battery Double Power’. Get both - the benefits of life insurance and regular income with tax benefits because this plan is twice as nice! You can start getting your income from the 2nd year of your policy all the way till you’re 99!
Income Options
Get served the way you prefer. Choose when you want to get your income from 2 options. By choosing Early Income you can start getting your Guaranteed Income from the end of your 2nd policy year. If you choose the Deferred Income option, you start receiving income a year after the policy paying term ends.
Family Income Benefit
This plan is like a security blanket for the family. We’ll help you find the silver lining even in the toughest situations. With this option, in case of death or getting diagnosed with a listed critical illness, we’ll make sure your family is financially secure by providing them the Income Benefit and Maturity Benefit, without them having to pay future premiums.
Cash Bonus⁴
We like to celebrate good times together. Every time we, as a company, do well, we like to treat everyone who’s been with us on this journey. So, look forward to getting a cash bonus, if declared, as a reward!
Guaranteed ¹ Income Type
Be stable and dependable or rising and conquering! Choose from the Level Guaranteed Income that gives you 1.5% of sum assured on Maturity at every payout or the Increasing Guaranteed Income which first gives you 0.75% of your sum assured on maturity and then, increases annually by 5%. Increasing income option is available only with deferred income option.
Riders⁹
Enhance your plan! With Edelweiss Tokio Life – Active Income Plan, you can opt for additional benefits in the form of riders. The available riders for this plan are Accidental Death Benefit Rider, Accidental Total and Permanent Disability Rider, Critical Illness Rider, Income Benefit Rider, Waiver of Premium Rider and Payor Waiver Benefit Rider
Loan² Facility
Don’t let financial trouble stop you from achieving your goals!We want you to live your zindagi unlimited, even if you need a little support to do it. That’s whyEdelweiss Tokio Life Active Income Plan offers you the choice to avail of a loan for urgent need of cash flow.
Tax Benefits³
We believe in the statement, ‘No Deductions, No Worries’. Everything’s better when it’s got tax benefits! The premiums paid under this plan are eligible for tax benefit under Section 80 (C) and the income you get are eligible for tax benefit under Section 10(10D).
Choice of 6 Riders⁹
4 Steps to An Unlimited Future with Guaranteed Earnings
Start Your Active Income Journey
- Choose your Premium amount
- Choose your Premium Paying Term
- Choose your Premium Paying Frequency
Customize Your Plan
- Choose how you want to get your income
- Decide whether you want to opt for the Family Income benefit
Choose Your Riders⁹
- Choose your preferred Rider⁹ Benefits
- Enhance your plan with the 6 rider options
Get Set Go!
- Submit the requested documents
- Let us verify your details and start making your zindagi truly unlimited!
Plan Your Financial Growth with Active Income Plan
Rahul invested
₹every year for
years.
By the end of 99 years , Rahul receives a maturity benefit of
₹This is a sample illustration *The values are calculated for a 30 year old male, non-smoker. Some benefits are guaranteed, and some benefits are variable with returns based on the future performance of your life insurance company. If your policy offers guaranteed returns, then these will be clearly marked "guaranteed" in the illustration table. If your policy offers variable returns, then the illustrations will show two different rates of assumed investment returns. These assumed rates of return are not guaranteed, and they are not upper or lower limits of what you might get back as the value of your policy is dependent on a number of factors including future investment performance. For detailed understanding, please refer to the product illustration.
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We are always there for you ! For queries, write to onlinesales@edelweisstokio.in
Contact us on 022 6611 6026
Fire Away Queries
Like teachers say, there are no silly questions
Why do I need Edelweiss Tokio Life - Active Income Plan?
Edelweiss Tokio Life – Active Income Plan is a life insurance plan designed to provide a protection to your family from any financial loss in case of an untimely death or diagnosis of covered critical illness, and also provide a regular income to you and your family. It has various options to help you customize the plan as per your requirement.
Why do I need a savings insurance plan?
In today’s uncertain world, it is important to save for the rainy days. You need to arrange for a stable income in your later years so that the external uncertainties don’t affect your future plans. A savings insurance plan ensures that your future income is intact, regardless of the situation.
What goals can I fulfil with Edelweiss Tokio Life - Active Income Plan?
This plan provides a regular income to you and your family till 99 years of age, which can help you achieve multiple goals by generating a stable second income. You can choose to use the funds for your child’s education, marriage. family vacations or retirement.
When is the earliest I can start getting my additional income?
You can start getting your income as early as the 2nd policy year with the Early Income Benefit Option
What are the different Premium Paying Term options?
There are four premium paying terms that you can choose from, depending on your needs - 5, 8, 10 and 12 years.
What are the different income options available?
This plan offers 2 income options - Early Income option - where you can start getting your pay-out from the 2nd Policy Year & Deferred Income option - where you can start getting your income the year after you finish paying all your premiums.
What is Early Income option?
Under this income option, Guaranteed Income will be paid annually at the end of each Policy year starting from the second Policy Year in the form of cash payout and is payable till Maturity Date or death of the Life Insured, (unless Family Income Benefit is opted) whichever is earlier, while the Policy is In-Force.
What is Deferred Income option?
Under this Income Option, Guaranteed Income will be payable annually at the end of each Policy Year starting from the Policy Anniversary falling immediately after the completion of Premium Paying Term in the form of cash payout and is payable till Maturity Date or death of the Life Insured, (unless Family Income Benefit is opted) whichever is earlier, while the Policy is In-Force.
What are the Guaranteed Income types in this plan?
There are 2 types of Guaranteed Income options available. Level Guaranteed Income - where every pay-out will be equal to 1.5% of Sum Assured at Maturity and Increasing Guaranteed Income - where your pay-out after you complete all premium payments is 0.75% of Sum Assured on Maturity and increases every year thereafter by 5% of the Guaranteed Income payable on the Policy Anniversary falling immediately after the completion of PPT. Under the Early Income option, Guaranteed Income will be paid annually at the end of each Policy year starting from the second Policy Year. Under the Deferred Income Option, Guaranteed Income will be payable annually at the end of each Policy
Year starting from the Policy Anniversary falling immediately after the completion of Premium Paying Term
What is Level Guaranteed Income?
This is a Guaranteed Income Type where the same Guaranteed Income amount will be payable at every pay-out and will be equal to 1.5% of Sum Assured on Maturity.
What is Increasing Guaranteed Income?
In Increasing Guaranteed Income, your Guaranteed Income amount will increase annually. It will be equal to 0.75% of Sum Assured on Maturity on the Policy Anniversary falling immediately after the completion of all premium payments. Thereafter, it will increase by a fixed amount every year which is calculated as 5% of the Guaranteed Income. Increasing income option is available only with deferred income option
Is death due to COVID-19 covered in this plan?
Yes, this plan covers death due to COVID-19.
What is the minimum and maximum policy term?
Under this plan, the minimum policy term is 25 years and the maximum policy term is 99 years.
What is the minimum and maximum premium?
The minimum premium for this plan on an Annual basis is Rs. 50,000, on a Semi-Annual basis is Rs. 25,600, on a Quarterly basis is Rs. 13,000 and on a Monthly basis is Rs. 4,400. There is no limit on the maximum premium, as it is subject to board approved underwriting policy
What is minimum and maximum entry age?
The minimum entry age for this plan is 0 years and the maximum entry age is 65 years.
What is the minimum & maximum sum assured?
The minimum sum assured on death is Rs. 5,00,000 and the minimum sum assured on Maturity is Rs. 1,70,766. There is no limit on the maximum sum assured, as it is subject to board approved underwriting policy.
What is Family Income Benefit?
This benefit ensures that in case of your unfortunate death or diagnosis of covered Critical Illness, you and your family don’t have to compromise on your dreams, as Income Benefit and Maturity Benefit will be received as it is by the family. An added benefit is all future premiums (except for the rider premiums) are waived off. In case of your death during the Policy Term while the Policy is In-Force, in addition to the above benefit, Sum Assured on Death will be payable as a lump sum amount.
What is Paid-up Addition Benefit?
Paid-up Additions Benefit are benefits which get accrued to the policy in lieu of cash pay-out of Income Benefit in the form of ‘Paid-up Additions on Maturity’ and ‘Paid-up Additions on Death’. You can choose Paid-up Additions Benefit at the inception of Policy or at any subsequent Policy Anniversary by submitting a written request to the Company 60 days prior to such Policy anniversary.
How can I use the Critical Illness Benefit under this plan?
You can avail this benefit only if you have opted for Family Income Benefit. If you are diagnosed with one of the covered Critical Illness conditions during the policy term and while the policy is in-force, you won’t have to pay any future premiums and your Policy will continue with residual benefits.
What’s the Income Benefit under this plan?
The Income Benefit is the sum of Guaranteed Income and Cash Bonus. It will vary if Family Income Benefit is opted or not. Without the Family Income Benefit - you get the Income Benefit on your survival during the policy year. With the Family Income Benefit you get the Income Benefit whether you survive or not during the Policy Term.
What’s the Free Look Period of this plan?
You have a period of 15 days from the date of the receipt of the policy
document. Policies sold through Distance Marketing will have a free look period for 30
days. You have to provide written reasons for your objection.
Are there any Exclusions to this plan?
In case of death due to suicide within 12 months from the Risk Commencement Date or from the date of Revival of the policy, your Nominee or Beneficiary shall be entitled to at least 80% of the total Premiums, provided the Policy is in force.
What is the Grace Period offered?
Grace Period of 15 days is allowed, where you pay the Premium on a monthly basis, and 30 days in all other cases during which you must pay the Premium due in full.
What is Terminal Bonus?
It is an amount which may be payable based on the performance of the participating fund, either on your death or Policy maturity. For Family Income Benefit, terminal bonus, if declared, will be payable only on maturity.
Can I avail of a policy loan?
A life insurance policy should be handy for you in case of any adverse financial emergencies. This plan caters to that, whereby you can avail a loan under the policy once the policy acquires surrender value. The specific percentage is as mentioned below:
● Without Family Income Benefit: 60%
● With Family Income Benefit: 50%
I am approaching my retirement age; can I still secure my income via this plan?
The maximum entry age for – this plan is 65 years. So, you can retire without any fear if you have Edelweiss Tokio Life - Active Income Plan with you.
What is a Rider⁹?
A rider is an additional benefit that you can opt for, to enhance your plan You can choose between Accidental Death Benefit Rider, Accidental Total and Permanent Disability Rider, Critical Illness Rider, Income Benefit Rider, Payor Waiver Benefit Rider and Waiver of Premium Rider.
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Additional Resources
Product Brochure
Sample Contract
Rate Table
Disclaimer
1 - Applicable only if all due premiums are paid and the policy is in-force.
2 - Policy loan is subject to terms & conditions of the product. Refer product brochure for more details.
3 - As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
4- If declared, Cash Bonus is a non-guaranteed bonus which may be payable based on the performance of the participating fund of the Company.
9- Riders are available at extra cost.
Disclaimer : Edelweiss Tokio Life – Active Income Plan is only the name of the Individual, Non-Linked, Par, Savings, Life Insurance Product and does not in any way indicate the quality of the plan, its future prospects, or returns. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the tax laws. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding a sale.
IRDAI Regn. No.: 147. CIN: U66010MH2009PLC197336. UIN: 147N065V01.
ARN No : WP/1449/Feb/2021
