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Life-Long Income to Secure Your Legacy

A plan that offers lifelong income starting as early as 1st Policy year* 
up until age 100! Keep your loved ones protected from the uncertainties
of life with an option to choose Lifelong Income Option or Family Secure Option,
depending on your needs.

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Add details to Secure Your family’s Legacy for a Lifetime!

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Legacy Plus Brochure

A Multiple of single/annualized premium as life cover at all time during policy tenure
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A Lifetime of Income & Security

A Lifetime of Income & Security

Benefits of Legacy Plus

Benefits of Legacy Plus

Legacy Plus comes in two variants, the Lifelong Income Option, and the Family Secure Option. With the Family Secure Option, you can get life cover for two people in one plan! This means that you can secure two lives within your family without needing two separate policies. On the other hand, Lifelong Income Option offers you more income as compared to family secure option and cash bonuses, if declared, to help you fulfil your financial goals. 

That’s right! Legacy Plus is a long-term plan that can financially support you until the age of 100 with guaranteed¹ lifelong income and cash bonus⁴ (if declared). You can choose to get your guaranteed¹ income from the very first policy year*. Use this income to further your lifelong financial goals, like buying that perfect dream home or getting your kids the best education possible! 

Guaranteed¹ Income is a guaranteed benefit that is payable annually every policy year till maturity or death, while policy is still in-force. Cash Bonus⁴ is a non-guaranteed benefit, payable annually every policy year, starting from the 2nd policy year till maturity or death, whichever is earlier. 

With Limited Premium Payment options of 8, 10, or 12 years, you can finish paying off your premiums early to enjoy the benefits of your plan until you are 100 years old! You also have four payment options, Annual, Semi-Annual, Quarterly, or Monthly. 

Get life cover that is worth 7x the annualized^ premium. As you grow, so will your policy, with your death benefit increasing as the years go by. The value of your life cover will keep increasing starting from the 2nd policy year. This means that your family’s safety net keeps rising as you grow in life, ensuring that their security is never compromised. 

With the Accrue of Survival Benefits option, you can choose to accumulate your survival benefits instead of getting a cash payout. This will increase the guaranteed¹ rate of returns as well as the bonus⁴ rate for your subsequent policy years. You can choose to withdraw the accrued survival benefit at any point during the policy term. Alternatively, you can also take out loan² on your policy once it acquires a surrender value. 

You can opt to enhance your policy by purchasing any of the six optional riders⁹. These riders can help you prepare for eventualities that are not covered by the basic policy terms. Optional riders for this plan include Accidental Death Benefit Rider, Accidental Total and Permanent Disability Rider, Critical Illness Rider, Income Benefit Rider, Waiver of Premium Rider, and Payor Waiver Benefit Rider. 

The premiums you pay towards this plan are eligible for deductions under section 80(C) and the income you get has tax benefits³ under section 10(10D).

Choice of 6 Riders⁹

Choice of 6 Riders⁹

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Capital Guarantee¹: Assurance Amidst Market Fluctuations

Market-linked returns, with an additional benefit of guaranteed¹ return of your total invested premium at maturity

  • Benefits of market-linked returns and guaranteed¹ lumpsum in one plan

  • Enhanced cover option with sum assured & booster additions

  • Little Star Benefit option to protect your child’s future

  • Tax benefits³ u/s 80c & 10(10d) to shield your savings

Future Guaranteed¹ Income, now possible!

Makes sure nothing gets in the way of you and your dreams.

  • Guaranteed¹ Income + Protection + Tax Benefits³ in one plan

  • Pick from 4 plan options basis life goals – Lumpsum, Short Term Income, Long Term Income & Retirement Income

  • Family Income Benefit option ensures your family doesn’t have to compromise dreams

  • 6 Riders available to enhance your plan⁹

Har Sapna Karo Poora with Guaranteed¹ Savings!

Guaranteed¹ returns, enhanced cover option, tax benefits³, and more… all with premiums just Rs. 3,000/month^².

  • Choice to receive guaranteed¹ returns as lumpsum or in 5 equal annual instalments

  • Enhanced Cover option to secure your family with 20x the premium^⁴ paid

  • Guaranteed¹ savings & life cover for a policy term as high as 40 years

  • Family Income Benefit option to ensure your family doesn’t have to compromise on dreams

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For queries, write to onlinesales@edelweisstokio.in

Contact us on 022-6611 6089

FAQ Legacy Plus

Fire Away Queries

Like teachers say, there are no silly questions

Why do I need Edelweiss Tokio Life - Legacy Plus?

Edelweiss Tokio Life - Legacy Plus is a whole life insurance plan that provides life cover and survival benefits until you reach 100 years of age. This plan is ideal for those who want to financially secure their family in case of their untimely death. Additionally, the income and cash bonus (if declared) you receive will help you achieve your financial goals and aspirations. 

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Edelweiss Tokio Life - Legacy Plus offers two plan options, the Lifelong Income Options, and the Family Secure Option. The Lifelong option is ideal for those who want income from their plan along with one life insured. The Family Secure Option is perfect if you want to secure both your life and the life of your child in one single plan: along with income benefits.

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The income provided by this plan can help you fulfil various life goals such as savings for a new house, preparing for your child’s education, or paying for an extravagant vacation. Moreover, this second income can be of great help during your retirement years when you no longer have a monthly salary. 

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Edelweiss Tokio Life- Legacy Plus has both a guaranteed element as well as a non-guaranteed cash bonus (if declared). The guaranteed income you receive will be based on the rate of returns disclosed to you when you first purchase your policy. This rate will remain constant irrespective of company performance. The cash bonus is non-guaranteed and based on the participating fund, i.e., the value of the bonus will depend on the company’s annual performance. Both the guaranteed income and cash bonus, if declared, will be paid out annually. 

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You can choose to start receiving your income from the very first year of your policy. You will start receiving the cash bonus, if declared, from the second policy year. 

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This plan has three limited pay options, 8 years, 10 years, or 12 years. 

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You can choose to accrue your survival benefits instead of receiving a payout. This accrued amount will be saved and the rate of returns for the next policy year will be increased. You can choose to withdraw this amount at any time. You can also choose to take out a policy loan once your policy has acquired a surrender value. 

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Edelweiss Tokio Life- Legacy Plus is a whole life insurance plan, and hence the policy term will continue until you reach 100 years of age. 

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The minimum premium for this plan is ₹2,200 monthly, ₹6,500 quarterly, ₹12,800 semi-annually, and ₹25,000 annually. There is no maximum premium limit for this plan. 

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For the Lifelong Income Option, the minimum age for life insured in 0 and the maximum entry age is 60. For the Family Secure Option, the primary life insured needs to at least be 21 years old, and the maximum entry age for the primary life insured is 45 years (8 years PPT) or 50 years (10, 12 years PPT). The secondary life insured has a minimum entry age of 0 and a maximum entry age of 17 years. 

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The minimum sum assured for Edelweiss Tokio Life- Legacy Plus is ₹1,75,000. The is no maximum limit on the sum assured (subject to board approved underwriting policy).  

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Riders available for this plan include Accidental Death Benefit Rider, Accidental Total and Permanent Disability Rider, Critical Illness Rider, Income Benefit Rider, Waiver of Premium Rider, and Payor Waiver Benefit Rider. 

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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. You have to provide written reasons for your objection.

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In case of death (either Primary Life Insured or Secondary Life Insured or both)due to suicide within 12 months from the Date of Commencement of Risk or from the date of Revival of the policy, as applicable, the Nominee or Beneficiary of the Policyholder shall be entitled to at least 80% of the total Premiums paid till the date of death or the Surrender value available as on the date of death whichever is higher, provided the Policy is in-force.

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Grace Period of 15 days is allowed, where you pay the Premium on a monthly basis, and 30 days in all other cases during which you must pay the Premium due in full.

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It is an amount which may be payable based on the performance of the participating fund, either on your death or Policy maturity. For Family Income Benefit, terminal bonus, if declared, will be payable only on maturity.

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1- Provided all due premiums are paid and the policy is in-force.
2- Policy loans are subject to terms & conditions of the product. Refer product brochure for more details.
3- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
4- Cash Bonus, is a non-guaranteed benefit, payable annually every policy year, starting from the 2nd policy year till maturity or death, whichever is earlier, while the policy is in-force. The Cash Bonus would be declared based on the performance of the par fund. It is expressed as per 1,000 of Sum Assured on Maturity (SAM).
9- Riders are Optional and available at extra cost. Please refer rider brochure for more details.

* Payouts are made at end of policy year.

^ The Annualized Premium shall be the premium amount payable in a year chosen by you, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider is only an Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance rider.  UIN 147B001V04
Edelweiss Tokio Life - Accidental Death Benefit Rider is only the name of an Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance Rider. UIN 147B002V04
Edelweiss Tokio Life - Critical Illness Rider is only the name of the Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance rider. UIN 147B005V04
Edelweiss Tokio Life - Waiver of Premium Rider is only the name of the Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance rider. UIN 147B003V05
Edelweiss Tokio Life – Payor Waiver Benefit Rider is only the name of the Individual, Non-Linked, Non-Participating, Pure Risk Premium, Life Insurance Rider.  UIN 147B014V05
Edelweiss Tokio Life – Income Benefit Rider is only the name of the Individual, Non-Linked, Non-Participating, Pure Risk Premium, Life Insurance Rider. UIN 147B015V02

Edelweiss Tokio Life – Legacy Plus is a Non-Linked, Participating, Individual, Savings, Life Insurance Plan. 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. The tax benefits under this Policy may be available as per the prevailing Income Tax laws in India. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. 

Flower & Edelweiss are trademarks of Edelweiss Financial Services Limited; Tokio is Trademark of Tokio Marine Holdings Inc. and used by Edelweiss Tokio Life Insurance Co. Ltd. under license.
Edelweiss Tokio Life Insurance Company Limited | IRDAI Reg. No. 147 | CIN: U66010MH2009PLC197336 | UIN: 147N090V01 | ARN: WP/3602/Feb/2024

Registered & Corporate Office- 6th Floor, Tower 3, Wing ‘B’, Kohinoor City, Kirol Road, Kurla (W), Mumbai ‐ 400070
Toll Free: 1800 2121212 | Fax No.: +91 22 6117 7833 | www.edelweisstokio.in

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IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint