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Build a Guaranteed Second Income with Edelweiss Tokio Life - Income Builder

  12/19/23 9:18 AM

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We all try our level best to fulfil the dreams and goals of our loved ones. Be it a dream vacation, higher education of your children, supporting your aged parents, or simply for a self-reliant retirement; you do your best to earn and save as much as you can. However, your regular earnings are not always enough to make every aspiration come true. Moreover, crisis can unpredictably strike at any time and rip apart your hard-earned savings.  

With Edelweiss Tokio Life – Income Builder you can protect your family’s financial future and build a guaranteed second income, allowing you to prepare for both expected and unexpected expenses.

Understanding Guaranteed Income Plans

Before delving into the benefits of Edelweiss Tokio Life- Income Builder, you need to understand the importance of a ‘guaranteed income plan’. A Guaranteed second income insurance plan offers both life cover as well as a maturity benefit that you get after the end of your policy term. If you survive until term end, you will receive a lumpsum payout that is greater than the sum of your premiums paid. The best part is that you know exactly how much money you are getting back, as ‘guaranteed’ plans have a predetermined rate of returns that is used to calculate the growth of your savings.

Edelweiss Tokio Life- Income Builder is a plan that doesn’t just offer a lumpsum payout at maturity, instead, it provides your returns via regular income payments, ensuring that you always have a little extra cash on hand.

Here are 6 Reasons Why You Should Choose Edelweiss Tokio Life – Income Builder

1. Guaranteed Income and Life Cover

Edelweiss Tokio Life- Income Builder provides double the benefits with life cover and guaranteed second income. In your absence, your family will be able to fulfil their ambitions using the life cover amount, and while you are still around, you and your loved ones can enjoy the income payouts to improve your standard of living.  

2. Affordable Premiums

Building a stable income does not have to come at a high price. This plan allows you to start building financial security with premium starting at just ₹2500 per month.

3. Payout Date of Your Choice

Want to make a special day even more memorable? With Edelweiss Tokio Life – Income Builder, you can choose to receive your payout on a specific date, allowing you to celebrate a cherished moment with even more enthusiasm. Your first payout date can be modified only once, and you must make the changes at least 90 days before the maturity date.

4. Payout Options

You can choose between two pay put options to best suit your income requirement. Payout options include:

Regular Income – Beginning from the first payout date, as chosen by you, receive regular income payments.

Regular Income Plus Lumpsum – In addition to the regular income payments, you will receive a lump sum payout alongside the last regular income instalment.

5. Loan Facility

life insurance policy should come in handy in case of any financial emergency. With Edelweiss Tokio Life- Income Builder, you can get a loan under the policy once the policy acquires some surrender value.

6. Tax Benefits

Tax benefit is applicable on the premiums paid under section 80C. Plus, your maturity amount and income benefits can be tax exempt under section 10(10D) if your policy meets the specified terms and conditions.

To provide your family with financial security and earn a stable income, visit https://www.edelweisstokio.in/online-life-insurance-plans/income-builder

 

 

Neha Panchal - Financial Content Writer

Neha used to be an Engineer by Profession and Writer by passion, which is until she started pursuing full-time writing. She's presently working as a Financial Content Writer, with a keen interest in all things related to the Insurance Sector.

 

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