Edelweiss Tokio Life – Milestones Plan
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
lump sum payouts
Offers guaranteed lump sum payouts at predetermined intervals
Additional benefit in the form of reversionary bonus declared every year
key benefits for this product
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.
Edelweiss Tokio Life – Milestones Plan (WA) is only the name of the participating endowment insurance plan and does not in any way indicate the quality of the plan, its future prospects, or returns. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the tax laws. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding a sale.
Flower & Edelweiss are trademarks of Edelweiss Financial Services Limited; Tokio is Trademark of Tokio Marine Holdings Inc. and used by Edelweiss Tokio Life Insurance Co. Ltd. under license.
IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336. UIN: 147N024V01.
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