Take a step ahead to start planning

share.svgShare

SHARE THIS PAGE

Rate

RATE THIS PRODUCT

Reasons Why This Plan Is A Smart Saviour!

  • Paisa Bhi, Life Cover Bhi

    Good things always come in pairs! Get dual benefits of life insurance and income generation with this plan.

  • Show Me The Money

    Pick your preferred way of getting returns from the ‘Regular Income’ and ‘Regular Income Plus Lump Sum’ options.

  • The One With The Contingency Plan

    When diagnosed with one of the listed critical illnesses, you don’t need to pay future premiums, if opted for the Secured Income Plan.

  • Pick Your Lucky Date^*

    Freely execute your future plans as and when you deem fit! Choose the preferred date^* for you to get your regular income.

Benefits of Income Builder

Choice of 5 Riders⁹

  • Accidental Death Benefit Rider

    This rider provides financial security in the form of an additional life cover to your loved ones in case of demise due to an accident.


  • Accidental Total and Permanent Disability Rider

    With this rider, you can get a lump sum amount to manage your expenses in case total or permanent accidental disability has hindered your earning capacity.


  • Income Benefit Rider

    Get the power of providing financial security in the form of regular income to your family when you’re no longer around with this rider.


  • Waiver of Premium Rider

    In case of critical illness, accidental total and permanent disability or death, get all future premiums waived off through this optional benefit.


  • Payor Waiver Benefit Rider

    With this rider, if the proposer of the policy suffers from an unfortunate event like death, disability or critical illness, all future premiums are waived off.


4 Steps For Starting Your Second Source Of Income

1

Start your Income Building journey

  • Choose your premium amount
  • Choose your policy term
  • Pick your preferred premium paying frequency
2

Pick a suitable plan

  • Choose your preferred plan variant
  • This could be Base Plan or Secured Income Plan
3

Decide what form you want to get your returns in

  • Regular Income
  • Regular Income + Lump sum
4

Sit Back And Relax!

  • Submit the requested documents
  • Let us verify your details and start your wealth generation process!

Plan Your Financial Growth With Income Builder

Bhavesh invested

every year for

years.


By the end of 18 years , Bhavesh received a maturity benefit of

Annual Premium
Total Maturity Benefit
Policy Term -
18 Years

    More Products You’d Love to Explore

    Need expert advice?

    Reasons Why You’re Bound To Love Us Back

    We’ve got experience in helping people make their Zindagi unlimited

    We’ve got the expertise in helping you grow your wealth

    We constantly innovate our offerings to get better results for you

    Here's Why Our Customers Adore Us

    Look at what people had to say about our services

    Our customers say
    Good
    4/5
    based on 600 reviews

    Frequently Asked Questions

    Like teachers say, there are no silly questions

    What is a wealth accumulation / savings plan?

     You may want an early retirement which can be enjoyed in grand style or it could be international education for your child. However, it is also important that we take necessary steps to take care of our family in all certain and uncertain events. Thus, it would be ideal to invest in a plan which takes care of financial security of your family and also helps you accumulate wealth.

    Was this helpful?

    Why should I opt for Edelweiss Tokio Life Income Builder?

    You are always striving to fulfill the dreams & goals of your family and loved ones. These could include higher education or wedding of your children, supporting your retired parents or simply for a self-reliant retirement. However, life also has its share of uncertainties and risks. In a world which is ever changing, there’s finally one thing that won’t change - your financial security. That’s why you need Edelweiss Tokio Life - Income Builder - the plan that helps you build a second source of income to fulfill all your goals. 

    Was this helpful?

    How often do I need to pay my premiums?

    You can choose how you want to pay your premiums according to your convenience. This can be done on an Annual, Semi-Annual, Quarterly or Monthly basis. 

    Was this helpful?

    What are the available plan options?

    There are 2 plan options with Edelweiss Tokio Life Income Builder. These are the Base plan option and the Secured Income option.

    Was this helpful?

    What is the Base plan option?

    This option pays you your maturity benefit for fulfilling your dreams. It also provides life insurance cover to take care of loved ones in case of your unfortunate demise.

    Was this helpful?

    What is the Secured Income option?

    This option ensures that in case of an unfortunate event of death or diagnosis of covered Critical Illness, your loved ones don’t have to compromise on their dreams. With this plan, they will continue to receive the payouts during the payout period without paying any future premiums.

    Was this helpful?

    Does this plan cover death due to COVID-19?

    Yes, this plan covers death due to COVID-19.

    Was this helpful?

    What are the different premium payment options?

    For the Base option, you can either pay via Single Premium - paying your entire premium amount in one go or via Regular Premium - paying your premium in the form of installments over a given period.

    For the Secured Income option, you can pay via Regular Premium. 

    Was this helpful?

    What is the minimum premium amount?

    For the Single Premium option, the minimum premium amount is Rs. 1,00,000. For the Regular Premium option, the minimum premium amount is Rs. 30,000.

    Was this helpful?

    What is the minimum and maximum sum assured?

    For the Single Premium option, the minimum sum assured on death is Rs. 1,10,000. For the Regular Premium option, the minimum sum assured on death is Rs. 3,00,000. For maximum sum assured death, there is no limit as it is subject to board approved underwriting policy.

    Was this helpful?

    What is the minimum and maximum age at which I can get this policy?

    For the Base option, the minimum age at which you can get this policy is 6 years and for the Secured Income option, you can get it at 18 years of age. The maximum age till you get the policy with the Base option is 55 years of age. For the Secured Income option, you can get it till 50 years of age. 

    Was this helpful?

    What are the maturity payout options?

    There are 2 options to receive it. The first is via Regular Income - where you get your maturity amount in the form of installments. You can also receive your returns via the Regular Income plus Lump Sum option - where you receive a lump sum amount along with your last installment.

    Was this helpful?

    Can I choose the date^* to get my monthly income instalments?

    You can choose to receive your regular income any date you want. You just have to inform us and we will ensure that you receive your regular income instalments on that date of a month by advancing your First Payout Date by a maximum of 30 days. 

    Was this helpful?

    What is the Critical Illness Benefit?

    This benefit is only available with the Secured Income option. If you are diagnosed with one of the covered Critical Illness conditions, during the policy term and while the policy is in-force, we will pay the critical illness sum assured as lump sum provided you have survived for a period of 30 days following the date of diagnosis.

    Was this helpful?

    What are the critical illnesses covered in this plan?

    The 12 critical illnesses covered by this plan are as follows:

    1. Cancer of Specified Severity

    2. Open Chest Coronary Artery Bypass Graft

    3. Myocardial infarction (First Heart Attack of Specified Severity)

    4. Open Heart Replacement or Repair of Heart Valves

    5. Kidney Failure Requiring Regular Dialysis

    6. Third Degree Burns

    7. Major Organ/ Bone Marrow Transplant

    8. Permanent Paralysis of Limbs

    9. Stroke resulting in permanent symptoms

    10. Major Surgery of Aorta

    11. Coma of Specified Severity

    12. Total Blindness

    Was this helpful?

    What is a Rider?

    A rider is an additional benefit that you can opt for, to enhance your plan

    Was this helpful?

    What are the Riders available with this plan?

    Following riders are available with this plan:

    • Edelweiss Tokio Life - Income Benefit Rider
    • Edelweiss Tokio Life – Payor Waiver Benefit Rider
    • Edelweiss Tokio Life - Accidental Death Benefit Rider
    • Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider
    • Edelweiss Tokio Life – Waiver of Premium Rider
    Was this helpful?

    Can I get a policy loan?

    Yes, you can avail of a loan under the policy once the policy acquires surrender value.

    Was this helpful?

    What is Guaranteed Surrender Value?

    Guaranteed Surrender Value (GSV) is a specific percentage of total premiums paid till the date of Surrender.

    Was this helpful?

    What is the free look period of this policy?

    The policyholder has 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.

    Was this helpful?

    Are there any exclusions to the plan?

    In case of death due to suicide within 12 months from the risk commencement date or from the date of revival of the policy, your beneficiary shall be entitled to receive at least 80% of the Total Premiums Paid, provided the policy is in-force.

    Was this helpful?

    What is the grace period of this plan?

    We allow a Grace Period of 15 days, where you pay the premium on a monthly basis, and 30 days in all other cases.

    Was this helpful?

    Does this plan cover death due to COVID-19?

    Yes, this plan covers death due to COVID-19. 

    Was this helpful?

    We are always there for you !

    Related Articles & Resources

    Videos

    Additional Resources

    1 - Applicable only if all due premiums are paid and the policy is in-force.

    3- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.

    9- Riders are available at extra cost.

    ^*- This option can be exercised only once and at least 90 days before the maturity date.

    Edelweiss Tokio Life – Income Builder is only the name of the Individual, Non-Linked, Non-Par, Savings, Life Insurance Product and does not in any way indicate the quality of the plan, its future prospects or returns. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the tax laws. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.

     

    IRDAI Reg. No.: 147.  CIN:U66010MH2009PLC197336. UIN: 147N057V02. 

    ARN: WP/1431/Feb/2021

     

    Share

    SHARE THIS PAGE

    Rate

    RATE THIS PRODUCT