Edelweiss Tokio Life – EduSave

Edu Save – a Child Education Insurance Plan with an Endowment Plan

  • 01 comprehensive protection
  • 02 loan facility
  • 03 option of yearly payout

plan definition

An endowment plan designed to cater to the need of education and marriage funding. Parents have dreams for their children's education & marriage. Turn those dreams into actionable goals and then implementable plans with Edusave. UIN No: 147N022V01

key features

1maturity benefit


On survival of life assured till maturity:

1) Guaranteed Sum Assured in pre-defined instalments

2) Accrued Bonuses.

the above will be in line with the pay-out option selected

2death benefit


On death of Life assured during the policy term:

1) Sum Assured is paid immediately

2) All future premiums are waived off

3) Reversionary Bonus continues to accrue till maturity

4) All maturity benefits are paid

3tax benefits


You can avail tax benefits under Section 80C and Section 10 (10D) of Income Tax Act, 1961.

Premium paid for Critical Illness Rider and Hospital Cash Benefit Rider, if opted, may qualify for a deduction under Section 80D of the Income Tax Act, 1961.

Tax benefits are subject to change in the tax laws.


Riders can be added at the inception of the policy or at policy anniversary during the Policy Term subject to underwriting and terms and conditions of the riders and the product. Following riders are available with this plan.

additional resources

product brochure

download pdf

sample contract

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product disclaimer


bonus rates

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premium rates

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customer testimonials

eligibility criteria

1 entry age (last birthday)

Minimum : 18 years

Maximum : 45 years

2 maximum maturity age (last birthday)

60 years

3 premium paying term
Policy termEntry agePremium Paying Term
1018-40regular pay
11-1418-45regular pay
1518-45regular pay, 10 pay
16-3018-45regular pay, 10 pay, policy term less 5 years
4 sum assured

Minimum : Rs 2.25 lakhs 

Maximum : no limit

5 premium payment frequency

Annual - 100% of annual premium

Semi-annual - 51.2% of annual premium

Quarterly - 26.0% of annual premium

Monthly - 8.8% of annual premium 

6 policy term

Minimum : 10 years

Maximum : 30 years

customer testimonials

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