Edelweiss Tokio Life – Milestones Plan

  • 01 lump sum payouts
  • 02 flexibility
  • 03 regular cashback

plan definition

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

key features

1death benefit

 

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.

2maturity benefit

 

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

3survival benefit

 

On survival at various policy years, cash back will be payable as a percentage of sum assured.

4tax benefits

 

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.

riders

This Term plan offers different riders to choose for the online insurance policy to make this term plan more comprehensive.

additional resources

product brochure

download pdf

sample contract

download pdf

rate table

download pdf

product disclaimer

read

bonus rates

download pdf

eligibility criteria

1 premium payment frequency

Annual, semi-annual, quarterly and monthly 

2 entry age (last birthday)

policy term           16            20            25            30

Minimum :        14 years   14 years   13 years    12 years 

Maximum :       44  years   40 years   35 years   30 years

3 maximum maturity age (last birthday)

 60 years

 

4 policy term

Minimum : 16 years

Maximum : 30 years

5 premium paying term

Policy term:                           16             20            25             30 

Premium paying term:         12 years   16 years    20 years    24 years

6 sum assured

Minimum : 2.5 lakhs

Maximum : no limit

returns against payment

Milestones

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maturity benefit (4%) edit
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critical illness cover : 10 lacs
policy term :
premium paying term : regular

life cover

protection at affordable rates

life & basic health cover

term plan with protection aganist 7 critical illnesses

life & comprehensive health cover

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* annual premium inclusive of taxes

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