Edelweiss Tokio Life – Cash Flow Protection Plus
An endowment plan that enables you to sustain current standard of living and have a regular tax free flow of income till his/her demise. A long and happy life is something that you have always wished for. This can only be possible with a healthy cash flow; long after your productive years. UIN No: 147N028V01
additional cash bonus
Sharing of profits enables you to earn higher returns through additional cash bonus
guaranteed lump sum payout
Get a lump-sum at the end of premium payment term through reversionary bonus
three different survival benefits
Plan offers three different survival benefits, namely: reversionary bonus, money back & cash bonus
key benefits for this product
Guaranteed benefits: Money back is calculated at 5.5% of Sum Assured on Maturity. Money back payout starts one year after the premium paying term and is paid annually on every policy anniversary till maturity or death whichever is earlier.
Non-guaranteed benefits are based on performance of the par fund:
Accrued reversionary bonuses, are payable in lump sum at the end of premium paying term.
Cash bonus payout starts along with the Money back benefit, and is paid till time of maturity
On death of life assured during the policy term, company pays Death Benefit as:
Sum Assured on Death + Accrued reversionary bonuses, if not already paid, where Sum Assured on Death will be higher of 11 times of annualized premium or minimum Sum Assured on Maturity.
On survival of Life Assured till maturity, company pays:
Higher of Sum Assured on Maturity or 105% of total annualized premiums paid. In certain cases, terminal bonus may be payable along with the maturity benefit.
You can avail tax benefits under Section 80C and Section 10 (10D) of Income Tax Act, 1961.
Premium paid for Critical Illness Rider, if opted, may qualify for a deduction under Section 80D of the Income Tax Act, 1961.
Tax benefits are subject to change in the tax laws.