• 14 JUN 2016

    The Key Benefits Of A Savings Plan

    There are various insurance plans available in the market to cater to different needs and requirements. Saving plans which are also known as endowment plans are a popular form of insurance policies which are sought by people who look for risk – free investment options.

     The key benefits of a savings plan are;

    • Regular savings: With a saving plan, you are expected to set aside a pre-determined amount to pay your premium at a stipulated time interval. This helps you save regularly for your goals.
    • Guaranteed returns: Unlike other investment options, a savings plan provides guaranteed returns. It is not subject to market risks and so you are stress-free.
    • Tax Benefits: The plan offers Tax benefits under section 80 C of the Income Tax Act.
    • Loan: You can also obtain a loan against the policy in case of an emergency.
    • Bonus: Savings plan provides the policy holder with guaranteed loyalty additions also known as bonus depending on the sum assured and the policy tenure. 
    • Life – cover: Savings plan or an endowment plan also provides a life cover. However, the life cover provided by an endowment plan is not as high as it would be provided in a term plan. That is because the objective or the need for choosing an endowment plan is savings and not protection.

    Unlike in the case of stock or mutual fund dividend, which is payable immediately after it is declared, in a savings plan the bonus accumulates and is paid when the policy matures. The amount continues to accumulate every year for the entire policy term. 

    • Leave a Reply
  • 18 OCT. 2018

    5 Key financial lessons to learn from Dussehra

    Justin and Ajay are very good friends since childhood. Ajay joined Justin every year on Christmas celebration and Justin would join Ajay in Dussehra and Diwali celebrations. Like every year on Dussehra, they both will be enjoying Garba that happens in their society to the fullest.

    read more
Understand your insurance needs in few minutes

just give us a miss call 022 6611 6028

call

request a call back

for a scheduled call back, please share:

contact us

branch locator

Please enter your mobile number

enter your contact details

is there an issue? let us help you!

nothing to worry.

just fill in these details. we’ll help you out.

check status

mascot
mascot

Don’t wait. Complete your application by entering your transaction id.

mascot

Please enter your email address to get an email summary of your needs

mascot

By entering my contact details I authorize Edelweiss Tokio Life Insurance to Call or SMS me with reference to this enquiry. This overrides the DND registration of TRAI.
Product