Edelweiss Tokio Life – Milestones Plan
01 lump sum payouts
03 regular cashback
Milestones plan is an endowment plan with cash back at regular intervals catering to the need of wealth accumulation. Watch yourself cross one personal milestone after another with your money growing consistently. UIN No: 147N024V01
On death of the life Assured during the policy term, total of the following becomes payable in lump sum: 100% of Sum Assured, irrespective of survival benefits already paid plus accrued bonuses declared till death.
On survival of the Life Assured till maturity, total of the following becomes payable in lump sum:
40% of Sum Assured plus accrued bonuses declared till maturity
On survival at various policy years, cash back will be payable as a percentage of sum assured.
You can avail tax benefits under Section 80C and Section 10 (10D) of Income Tax Act, 1961.
Premium paid for Critical Illness Rider may qualify for a deduction under Section 80D of the Income Tax Act, 1961.
Tax benefits are subject to change in the tax laws.
This Term plan offers different riders to choose for the online insurance policy to make this term plan more comprehensive.
Annual, semi-annual, quarterly and monthly
policy term 16 20 25 30
Minimum : 14 years 14 years 13 years 12 years
Maximum : 44 years 40 years 35 years 30 years
Minimum : 16 years
Maximum : 30 years
Policy term: 16 20 25 30
Premium paying term: 12 years 16 years 20 years 24 years
Minimum : 2.5 lakhs
Maximum : no limit