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Reasons Why This Plan Makes Your Retirement Flow Smoothly

  • The Century-Long Companion

    With this plan, you can be assured of receiving a guaranteed¹ regular income and protection till you’re 100.

  • ‘Something More’ is Always Good

    We’ve got multiple additions like Money Back, Reversionary Bonus*² and Cash Bonus⁵ to enhance your returns.

  • Discounts⁴ Make Everything Better

    Get rewarded with discounts⁴ when you opt for a higher sum assured value.

  • Limited Pay

    You can space out your premium payments over a period of 10, 15, 20 or 25 years and enjoy income & protection up to 100 years.

Choice of 6 Riders⁹

  • Accidental Death Benefit Rider

    This rider provides financial security in the form of an additional life cover to your loved ones in case of demise due to an accident.


  • Accidental Total and Permanent Disability Rider

    With this rider, you can get a lump sum amount to manage your expenses in case total or permanent accidental disability has hindered your earning capacity.


  • Critical Illness Rider

    In case you are diagnosed with one of 12 listed critical illnesses, this optional benefit will provide you 100% of the Rider Sum Assured after 30 days of diagnosis.


  • Income Benefit Rider

    Get the power of providing financial security in the form of regular income to your family when you’re no longer around with this rider.


  • Waiver of Premium Rider

    In case of critical illness, accidental total and permanent disability or death, get all future premiums waived off through this optional benefit.


  • Payor Waiver Benefit Rider

    With this rider, if the proposer of the policy suffers from an unfortunate event like death, disability or critical illness, all future premiums are waived off and the policy continues for the life insured.


How It Works

1

Start Planning Your Retirement

  • Conduct need analysis
  • Choose your premium amount
2

Pick Your Terms

  • Select your policy term
  • Select your premium paying term
3

Select What Is Best for You

  • Choose riders to enhance your plan
  • Choose a higher sum assured to get a discount
4

Sit Back and Relax

  • Submit the requested documents
  • Let us verify your details so you can start getting guaranteed returns!

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FAQs

Like teachers say, there are no silly questions

Why do I need a savings plan?

Thanks to advancements in medical field, average life span of our population has been steadily increasing. We understand that with increased life expectancy, you may need to plan for a longer, happier life in advance. So, it will be ideal to invest in a plan that offers protection till a higher age and at the same time provides you a steady, guaranteed income to ensure you maintain good lifestyle.

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Why should I opt for Edelweiss Tokio Life – Cashflow Protection Plus?

Edelweiss Tokio Life – Cashflow Protection Plus provides guaranteed income & protection till 100 years of age. It also provides an additional cash bonus at the end of the premium paying term.

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What goals can I achieve with this plan?

With Edelweiss Tokio Life – Cashflow Protection Plus, you can plan a seamless retirement and get life cover for your whole life. Since this plan gives you guaranteed income in addition to opening doors for a cash bonus, you can also make your life’s goals come true.

 

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Does this plan cover COVID-19 claims?

Yes, this plan covers death due to COVID-19.

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What is the Maturity Benefit under this plan?

On maturity of the policy, the reduced sum assured on maturity will be payable. Further, the benefit payable on maturity shall never be less than 105% of total Annualized premiums paid to date. The benefits of this plan include Reversionary Bonus, Money Back and Cash Bonus.
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What is Revisionary Bonus?

It is a non-guaranteed accrual benefit. It will accrue from the first policy year till the end of premium paying term of the policy and will be based on the performance of the par fund. The benefit payable either on death or at the end of premium paying term, whichever is earlier.

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What is Money Back?

Money Back is a guaranteed benefit equal to 5.5% of the sum assured on maturity, payable annually at the end of each policy year and the payout starts one year after the premium paying term and continues to be paid till maturity or death, whichever is earlier. For instance, the money back will start from the 16th policy year for a premium paying term of 15 years.

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What is Cash Bonus?

It is a non-guaranteed benefit payable every year at each policy anniversary after the premium paying term along with the money back benefit. Cash bonus will be based on the performance of the par fund and will be payable till maturity or death, whichever is earlier.

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What is a Limited pay plan?

A limited pay plan is a type of savings and life insurance product, where you have to pay your premiums for a limited time period only. For instance, in this plan, premiums have to be paid for10, 15, 20 and 25 years.

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What is the minimum amount?

The minimum premium amount is Rs. 9,835.

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What is the minimum and maximum entry age?

The minimum and maximum entry ages are 91 days and 55 years (as per last birthday) respectively. 

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What is the maximum maturity age?

The maximum maturity age is 100 years. 

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What is the premium paying term and what is the frequency?

You have you to pay the premium for10, 15, 20 and 25 years at a frequency of annual, semi-annual or monthly.

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What is the minimum and maximum sum assured?

The minimum sum assured is Rs. 2 lacs, and the maximum sum assured is subject to Board approved underwriting policy.

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Is there a Discount offered on the plan?

Yes, discounts are available for large sum assured on maturity.

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What is a Rider?

A rider is an additional benefit that you can opt for, to enhance your plan.

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What are the riders available with this plan?

The riders available for this plan are that of Accidental Death Benefit, Accidental Total and Permanent Disability, Critical Illness, Waiver of Premium and Payor Waiver Benefit.

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Does this plan have a Free Look Period?

Yes, there is a free look period of 15 days from the date of the receipt of the policy document. Policies sold through Distance Marketing will have a free look period for 30 days.

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Are there any Exclusions to this plan?

In case of death due to suicide within 12 months from the risk commencement date or from the date of revival of the policy, your beneficiary shall be entitled to receive at least 80% of the total premiums paid, provided the policy is in in-force.

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Does this plan have a Grace Period?

Grace period of 15 days, where you pay the Premium on a monthly basis, and 30 days in all other cases, is available.

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Additional Resources

0- Provided the premium paying term is more than or equal to 10 years.

1-  Applicable only if all due premiums are paid and the policy is in-force.

2- Policy loan are subject to terms & conditions of the product. Refer product brochure for more details.

3-As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.

4- Discount for large Sum Assured is available depending on the Sum Assured, policy term and premium paying term.

5-If declared, Cash Bonus is a non-guaranteed bonus which may be payable based on the performance of the participating fund of the Company.

9- Riders are available at extra cost.

*2- At the discretion of the Company and based on the performance of the participating fund, Simple Reversionary Bonus, if any may accrue every year from first policy year.

Edelweiss Tokio Life – Cashflow Protection Plus is only the name of the Individual, Non-Linked, Par, Savings, Life Insurance Product and does not in any way indicate the quality of the contract, 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.

IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336. UIN: 147N028V02.

ARN: WP/1423/Feb/2021

 

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