The Easy Way To Plan Your Pension!

In today’s fast paced world, it is becoming increasingly important to plan your life well. Given our hectic work lives today, it is important that you plan for a peaceful and secure retirement in the future. Many of us also plan to retire early and fulfill our unrealized dreams post retirement. It is, thus, necessary to ensure that you have adequate financial resources to enjoy a stress-free post-retirement life. 

Edelweiss Tokio Life – Easy Pension is a retirement plan, suited to meet your financial needs for a stable and happy retired life. You have the option to get a part of your fund value as lump sum amount at your chosen retirement age. Rest of the fund value is invested as an annuity for regular income to enjoy the retirement life.

You can achieve a happy and peaceful retired life without worrying about finances, with this plan. A new home, a foreign trip or a lovely gift for your spouse; you can achieve all your post-retirement dreams with this plan.

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

Vesting age is either your retirement age as per norms or an earlier date if you plan

to retire early.

On reaching vesting age, the maturity benefit is Higher of:

(i) Fund Value at maturity

(ii) Assured Benefit, where Assured Benefit is 101% of total premiums paid till maturity

There are 2 risk strategy options you can choose from - ‘aggressive’ or ‘conservative’, depending upon your risk appetite. Basis the strategy you choose, your fund allocation towards ‘Pension Growth Fund’ and ‘Pension Secure Fund’ will vary.

The minimum entry age is 18 years and the maximum entry age is 75 years. 

The minimum maturity age is 45 years and the maximum maturity age is 85 years.  

The minimum policy term is 10 years and the maximum policy term is 67 years.

You can pay your premiums as Single Pay (one-time), Limited Pay (5 years) or Regular Pay. You can choose the payment frequency as annual, semi-annual, quarterly or monthly. 

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.

Yes, there is a discontinuance charge. This is a charge levied on the Unit Fund/Policy Account Value where the policyholder opts for complete withdrawal of the policy. Please read the policy brochure for details on rate of discontinuance charges. 

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.

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