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Reasons Why This Plan Is A Guaranteed¹ Success
No Surprises Here!
This plan has the advantage of letting you know exactly what kind of returns you get upon investing.
Limited Pay Plan
You can complete all your premium payments in 5, 7, 10 or 12 years and enjoy your plan benefits until 65 years.
For unforeseen times
You have the option to avail a loan² on your policy to deal with any unexpected emergencies.
Discounts⁴ up to 13%
Get discounts⁴ up to 13% when you opt for a higher Sum Assured.
Benefits of POS Saral Nivesh
Guaranteed¹ Benefits
No surprises here! With Edelweiss Tokio Life POS Saral Nivesh, get guaranteed¹ benefits on your investment. The advantage with this plan is that you know exactly how much you’re getting out of it, so you can plan your future goals accordingly.
Discounts⁴ on Higher Sum Assured
Those who aim higher get better rewards! When you opt for a higher Sum Assured, we reward you with discounts, ranging from 3% to 13%
Limited Pay
Don’t spend your retirement paying off premiums! With the Limited Pay Option, you can complete all of your premium payments in 5, 7, 10 or 12 years (depending on your policy term) and enjoy your benefits till the end of the policy term, up to 65 years.
Simplified Purchase
Let’s make things simple! This plan is designed to help you make an informed decision through an uncomplicated process. This is why you can plan your future needs in just a few steps.
Loan² Facility
Don’t let financial trouble stop you from your goals!We want you to live your zindagi unlimited, even if you need a little support to do it. That is why this plan offers you the choice to avail a loan² for urgent need of cash flow.
Tax Benefits³
No deductions, no worries! That is why the premiums you pay are eligible for deductions under section 80(C) and the returns you get from it are exempt from taxes under section 10(10D)
Only 4 Steps Are Needed For You To Get This Plan!
Start Making Decisions
- Conduct Need Analysis
- Choose your Premium Amount
Choose Your Terms
- Select your Policy Term
- Select your Premium Paying Term
Select what is best for you
- Choose guaranteed maturity benefits
- Choose a higher sum assured to get a discount⁴
Sit Back and Relax
- Submit the requested documents
- Let us verify your details so you can start getting guaranteed¹ benefits!
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FAQs
Like teachers say, there are no silly questions
Why do I need a savings plan?
In today’s uncertain world, it is important to save for the rainy days. You need to arrange for stable funds to fulfill your ambitions and to support you in your later years. A savings insurance plan ensures that your family’s future is secured, even in uncertain times.
Why should I opt for Edelweiss Tokio Life POS Saral Nivesh?
This plan offers you dual benefits of protection and savings and ensures that you lead a secured and peaceful life with complete certainty. It helps you move systematically towards a secured future by offering you guaranteed benefits. It ensures your family is always financially protected in case of any unforeseen event.
What goals can I achieve with this plan?
Whether it is taking care of your family’s future, saving for retirement or any other important milestone, Edelweiss Tokio Life POS Saral Nivesh will take care of all your financial goals with guaranteed returns.
Does this plan cover COVID-19 claims?
Yes, this plan covers death due to COVID-19.
What is a limited pay plan?
A limited pay plan lets you pay your premiums in a shorter span, while you are still earning. This means that you don’t have the burden of premium payment in your later years and can enjoy a liability-free retired life.
What is the minimum and maximum entry age?
The minimum entry age is 1 year, and maximum entry age is 50 years.
What is the minimum and maximum maturity age?
The minimum maturity age is 18 years and maximum maturity age is 65 years.
What is the minimum and maximum policy term?
The minimum policy term is 10 years and the maximum policy term is 20 years.
How long do I need to pay my premiums and at what frequency?
You can pay your premiums for 5, 7, 10 or 12 years. You can choose the payment frequency as either annual or monthly.
What is the minimum and maximum sum assured?
The minimum sum assured is ₹50,000 and the maximum sum assured is ₹25 lakhs.
Are there any discounts available?
If you choose a higher Sum Assured on Maturity, we will offer you a discount on your premium amount.
Is there a loan facility available with the plan?
Yes, you can get a policy loan once policy acquires surrender value.
Does this plan have a Maturity Benefit?
Yes, this plan does come with a maturity benefit. At the end of your policy term, you will receive the Guaranteed Maturity Benefit provided all due premiums have been paid in full and the policy is in-force. Your Guaranteed Maturity Benefit is equal to the Sum Assured on Maturity.
Does this plan have a Free Look Period?
Yes, there is a free look 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.
Are there any Exclusions to this 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 in-force.
Does this plan have a Grace Period?
Grace period of 15 days, where you pay the Premium on a monthly basis, and 30 days in all other cases, is available.
We are always there for you ! For queries, write to onlinesales@edelweisstokio.in
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Disclaimer
0- Provided the premium paying term is more than or equal to 10 years.
1- This is applicable only if all due premiums are paid and the policy is inforce.
2- Policy loan 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- Subject to Term & Conditions. Please refer product brochure for more details
Edelweiss Tokio Life - POS SARAL NIVESH 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.
UIN: 147N038V03.
ARN No : WP/1630/May/2021
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