Edelweiss Tokio Life – EduSave
An endowment plan designed to cater to the need of education and marriage funding. Parents have dreams for their children's education & marriage. Turn those dreams into actionable goals and then implementable plans with Edusave. UIN No: 147N022V01
Provides 5 maturity pay-out options to suit the individual requirements
Loan facility to meet any urgent / unforeseen liquidity requirements
Option of yearly payout
key benefits for this product
On survival of life assured till maturity:
1) Guaranteed Sum Assured in pre-defined instalments
2) Accrued Bonuses.
the above will be in line with the pay-out option selected
On death of Life assured during the policy term:
1) Sum Assured is paid immediately
2) All future premiums are waived off
3) Reversionary Bonus continues to accrue till maturity
4) All maturity benefits are paid
You can avail tax benefits under Section 80C and Section 10 (10D) of Income Tax Act, 1961.
Premium paid for Critical Illness Rider and Hospital Cash Benefit 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.