Edelweiss Tokio Life – Flexi-Savings Plan is a life insurance plan designed to provide a protection to your family from any financial loss in case of an untimely death, and also provide a regular income and/or lumpsum to you and your family. It has various options to help you customise the plan as per your requirement.The plan offers 3 options to receive your income – Flexi-Income Option, Flexi-Income PRO Option and Large Sum Option.

The product offers following three plan options.  You need to select one of the plan options at inception – Flexi-Income Option, Large Sum Option and Flexi-Income PRO Option.

The Premium Paying Term (PPT) and Policy Term (PT) vary based on the plan option chosen as follows: 

• Plan Option ‘Flexi-Income Option’ & ‘Flexi-Income PRO Option’, you can choose from a premium paying term of 8, 10, 12 and 15 with a policy term of 30, 40, to age 100.
• Plan Option ‘Large Sum Option’, you can choose from a premium paying term of 5 & 8, 10 & 12, and 15 years. 

If you are someone looking for a flexible income source to meet your short-term or long-term goals, such as buying a car or paying for your child’s future, then you may opt for the Flexi-Income Option.

This plan can cater to all your major milestones in life with guaranteed¹ lumpsum returns at periodic intervals to fulfil your needs, such as buying a house at a certain age, a Flexi-Income PRO Option could be the right choice for you! Not only this, but you can also start your income journey as early as 2^nd policy year

If you are someone looking to plan for a peaceful retirement or buying your dream house you can choose the Large Sum Option. This option offers maturity benefit at the end of policy term.

• Cash Bonus⁵ in the form of cash payout is payable annually in arrears every policy year, if declared, starting from the Income Start Year till maturity or death, whichever is earlier, while the policy is in-force^*.
• Reversionary Bonus⁷ is not guaranteed¹ and would be declared based on the performance of the par fund. 

The minimum premium for annual mode is ₹50,000, for semi-annual mode is ₹25,600, for quarterly mode is ₹13,000 and for monthly is ₹4,400. There is no limit for maximum premium and is subject to board approved underwriting policy.

What is the minimum entry age to buy the plan?
The minimum entry age is 0 years.

Maximum policy term of this plan is 100 years, in case of Flexi-Income and Flexi-Income PRO option. And in case of Large Sum Option, policy term is 30 years.

Life Cover is available throughout the policy term, provided all premiums are paid and the policy is in-force.

Yes, Life Cover Continuation Benefit and Option to Accrue the Survival Benefits are available.

This plan offers Life Cover Continuation Benefit to extend life cover even beyond your policy term. You can opt for this benefit post the maturity of the policy. The Life Cover Continuation Sum Assured equal to 10 times annualized premium will continue on the life assured for a fixed period called ‘Life Cover Continuation period.’ The Life Cover Continuation period available will be based on the attained age at maturity (age last birthday).

There is an option to choose Life Cover Continuation Benefit at the inception of the policy subject to meeting all the following conditions:

• The maximum attained age at maturity (age last birthday) is 75 years
• The minimum Premium Paying Term is 10 years
• The minimum Policy Term is 20 years

If Life Cover Continuation Benefit is opted, the maturity benefit payable would be equal to Sum Assured on Maturity^## (SAM) plus Loyalty Sum Assured on Maturity (applicable only for Plan Option ‘Large Sum Option’) plus accrued Reversionary Bonus, if any plus Terminal Bonus, if any less Life Cover Continuation Benefit Cost provided the policy is in-force.

Accumulate your survival benefit as per your preference with this option. At any point during the policy term, you will have the option to accumulate the survival benefits instead of cash payouts.
 

The guaranteed¹ rate and the bonus rate would be applicable on the accrued survival benefits at the beginning of the policy year. You can choose to withdraw the entire accrued survival benefit at any point during the policy term. If the unpaid accrued survival benefit is not taken by the policyholder during the policy tenure, the same shall be payable along with benefits payable at the time of termination of the policy in the form of death, maturity, or surrender. This option can be availed under an in-force as well as a paid-up policy. You can choose to opt in or opt out of this feature multiple times and at any point during the policy term.

A rider is an additional and optional benefit that you can choose, to enhance your plan.

Following are the riders available with this plan:

• Edelweiss Tokio Life - Accidental Death Benefit Rider
• Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider
• Edelweiss Tokio Life - Critical Illness Rider
• Edelweiss Tokio Life - Waiver of Premium Rider
• Edelweiss Tokio Life - Payor Waiver Benefit Rider
• Edelweiss Tokio Life - Income Benefit Rider

Yes, you can get a policy loan once policy acquires surrender value.

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.

We will allow a Grace Period of 15 days where the Policyholder pays the Premium on a monthly basis, and 30 days in all other cases during which you must pay the Premium due in full. The Policy will be In-Force during the Grace Period.