Edelweiss Tokio Life – Guaranteed Income Plan
A regular pay, endowment assurance plan offering guaranteed tax free income. With regular payouts, ensure a higher liquidity for a longer period of time at maturity. A super combination of protection and security. UIN No: 147N021V01
Offers protection during the policy term against the uncertainty of untimely death
guaranteed yearly pay-out
Provides 200% of annual premium as guaranteed yearly pay-out for 15 years as maturity benefits
You can avail of loan facility for any urgent liquidity requirements
key benefits for this product
On death of life assured during the policy term:
Highest of following amounts will be paid:
10 times of annualized premium
OR 125% of annualized premiums till date of death
OR lump sum amount available at maturity
On survival of the life assured till maturity:
1) 200% of the annual premium will be paid at the end of each year from 16th to 30th year from policy commencement.
2) Alternatively,the policyholder has the option to take the discounted value, calculated at 9% p.a, of outstanding future survival benefits as lump sum.
You can avail tax benefits under Section 80C and Section 10 (10D) of Income Tax Act, 1961.
Premium paid for Critical Illness and Hospital Cash Benefit Riders may qualify for a deduction under Section 80D of the Income Tax Act, 1961.
Tax benefits are subject to change in the tax laws.