Edelweiss Tokio Life – EduSave

Child education funding 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


additional resources

product brochure

download pdf

sample contract

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product disclaimer

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bonus 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 policy term

Minimum : 10 years

Maximum : 30 years

4 premium paying term
Policy term Entry age Premium Paying Term
10 18-40 regular pay
11-14 18-45 regular pay
15 18-45 regular pay, 10 pay
16-30 18-45 regular pay, 10 pay, policy term less 5 years
5 sum assured

Minimum : Rs 2.25 lakhs 

Maximum : no limit

6 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 

customer testimonials

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