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Why Edelweiss Tokio Life- Legacy Plus?

Edelweiss Tokio Life- Legacy Plus is a whole life plan that provides income and life cover until the age of 100. You can choose to get your income from the very first year* of your policy. Alternatively, you can accrue⁵ the survival benefits instead of cash payouts at a guaranteed rate of 2% p.a. each year along with bonus rate (if declared). 

The plan comes with two primary options, the Family Secure Option and the Lifelong Income Option. The first provides income plus life cover for two people under one policy! While Lifelong Income Option can help you fulfil your long-term financial ambitions by providing you with a second source of revenue! You will also receive cash bonuses⁴ (if declared) based on the performance of your participating funds.

A 100-Year Plan for Income + Security

A 100-Year Plan for Income + Security

Income Until You’re 100!

With the option to get income from 1ˢᵗ policy year*, you can enjoy your second source of revenue until you hit a century!

Grow Alongside Us!

Edelweiss Tokio Life- Legacy Plus is a participating plan, meaning that you get a share of our profits! As we grow, so will your yearly income. Cash bonuses⁴ (if declared) are payable from 2ⁿᵈ policy year*.

Secure Your Family’s Legacy

With the Family Secure Option, you can get income and life cover for yourself as well as your little one. Moreover, if you pass away, your policy will remain active, and all future premiums will be waived off.  

Income That Lasts...

Get lifelong income with both Lifelong Income and Family Secure option. This consistent income can help you and your family achieve your long-term goals.

Choose How You Want Your Payouts!

This plan lets you accrue⁵ your survival benefits instead of getting cash payouts. The accrued survival benefits, if any, will be part of the participating fund.

Emergency Loan² Option

Need cash on hand as soon as possible? Then we’ve got you covered! You can get a loan on your policy once it acquires a surrender value.     

Add Riders⁹ for Comprehensive Protection

Critical illnesses or accidents can strike at any time, which is why Edelweiss Tokio Life- Legacy Plus offers six riders for additional financial protection against unforeseen events. 

A 100-Year Plan for Income + Security

Income Until You’re 100!

With the option to get income from 1ˢᵗ policy year*, you can enjoy your second source of revenue until you hit a century!

Choice of 6 Riders⁹

Choice of 6 Riders⁹

What Makes Edelweiss Tokio Life Your Ideal Partner?

What Makes Edelweiss Tokio Life Your Ideal Partner?

Here's Why Our Customers Adore Us

Here's Why Our Customers Adore Us

Look at what people had to say about our services
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Any Queries For Zindagi Protect

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For queries, write to onlinesales@edelweisstokio.in

Contact us on 022-6611 6089

FAQ Legacy Plus

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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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2- Policy loans are subject to terms & conditions of the product. Refer product brochure for more details.
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).
5- At any point during the policy term, you will have the option to accumulate the survival benefits instead of cash payouts. Under this option, the survival benefits will accumulate at total of the following two rates: Guaranteed rate of 2% p.a. each year and bonus rate if declared by the Company each year based on the performance of the par fund. The accrued survival benefits, if any, will be part of the participating fund. The guaranteed rate and the bonus rate would be applicable on the accrued survival benefits at the beginning of the policy year unpaid till the end of the policy year.
9- Riders are Optional and available at extra cost. Please refer rider brochure for more details.

~Tax benefit of ₹ 46,800 is calculated at highest tax slab rate of 30% (in addition to income tax, cess of 4% is also applicable) on life insurance premium u/s 80C of ₹ 1,50,000. As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
* Payouts are made at end of policy year.
** - Claim statistics are for Financial Year 2022-23 and is computed basis individual claims settled over total individual claims for the financial year. For details, refer to Public Disclosures in our Website.

^³ - Listed as one of the Most Trusted BFSI Brands 2023 by Marksmen Daily. The survey conducted by LeadCap Ventures for Marksmen Daily appraised the brands based on parameters like quality & consistency, uniqueness, value delivered, Brand affinity, innovation, affluence and more. 
Source: https://marksmendaily.com/2023/06/24/building-trust-in-a-changing-world-order/

^4 - Claim statistics are for Financial Year 2022-23 and is computed basis individual claims settled over total individual claims for the financial year. For details, refer to Public Disclosures in our Website.

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 (UIN: 147N090V01)  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 and terms and conditions, please read the sales brochure carefully before concluding a sale.

Edelweiss Tokio Life Insurance Company Limited | CIN: U66010MH2009PLC197336
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
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.
IRDAI Reg. No. 147 | UIN: 147N090V01 | ARN: LP/3625/Feb/2024

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRAUDULENT OFFERS
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