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Easy Pension - A ULIP to Fulfill Your Retirement Needs

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A participating plan to fulfill your retirement needs. 

Edelweiss Tokio Life – Easy Pension is a unit-linked, retirement solution, suited to meet your needs to plan for a financially stable and happy retirement life. UIN No: 147L034V01

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Benefits so good, they have to be true!

Death Benefit

Death Benefit

 On Death of life insured*

Death benefit during and after PPT:

Higher of :

1) Fund value

2) Assured benefit

3) 105% of total premiums paid till date of death

where Assured Benefit is 101% of total premiums paid till death

 

 

*On death of the Life Insured, the nominee shall be entitled to one of the following options:

a) Option to utilize the entire proceeds of the policy or part thereof for purchasing an annuity at the then prevailing rate from the same insurer,or

b) Option to withdraw entire proceeds of the policy 

 

 

Death Benefit

On Death of life insured* Death benefit during and after PPT: Higher of : 1) Fund value 2) Assured benefit 3) 105% of total premiums paid till date of death

Death Benefit

Death Benefit

 On Death of life insured*

Death benefit during and after PPT:

Higher of :

1) Fund value

2) Assured benefit

3) 105% of total premiums paid till date of death

where Assured Benefit is 101% of total premiums paid till death

 

 

*On death of the Life Insured, the nominee shall be entitled to one of the following options:

a) Option to utilize the entire proceeds of the policy or part thereof for purchasing an annuity at the then prevailing rate from the same insurer,or

b) Option to withdraw entire proceeds of the policy 

 

 

Vesting Benefits

On Vesting# Higher of 1) Fund value at maturity 2) Assured benefit where Assured Benefit is 101% of total premiums paid till maturity

Vesting Benefits

Vesting Benefits

 On Vesting#

Higher of 

1) Fund value at maturity

2) Assured benefit

where Assured Benefit is 101% of total premiums paid till maturity

 

 #On attaining the chosen vesting age , you will have the following options:

a) Option to commute to the extent allowed under Income Tax Act and to utilize the balance amount to purchase immediate annuity with the same insurer, which will be guaranteed for life, at the then prevailing annuity rate, or

b) Option to utilize the entire proceeds to purchase a single premium deferred pension product with the same insurer, or

c) Option to extend the deferrment period /accumulation period within the same policy with the same terms and conditions as the original policy, provided the Life Assured is below the age of 55 years. 

Check if you are eligible for this product

Here are the rules! Ask us if any doubts.

What is the Minimum and Maximum maturity age?
The minimum and Maximum maturity age

 The minimum and Maximum maturity age Entry age (Last birthday)

Minimum : 45 Years

Maximum : 85 Years

What is premium payment frequency?
The Premium Payment frequency
Single Pay  Annual, Semi-annual, Quarterly, Monthly
What is the Minimum and Maximum Entry age?
The Minimum and Maximum Entry age

The Minimum and Maximum Entry age (last birthday)

Minimum : 18 Years

Maximum : 75 Years

What is minimum premium?
The Minimum premium
Single Pay45,000
Limited/Regular Pay
Annual15,000
Semi-Annual8,000
Quarterly4,000
Monthly1,500
What is the Minimum and Maximum policy term?
The Minimum and Maximum policy term

The Minimum and Maximum policy term

Minimum : 10 years

Maximum : 67 Years

What is premium paying term?
The Premium paying term

The Premium paying term's are

Single Pay,Regular Pay
Limited Pay [5 Pay to (Policy Term-5)], 

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Additional resources

Product brochure view & download pdf
Sample contract view & download pdf
Product disclaimer read more