IN THIS POLICY, INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER

Take a step ahead to secure your retired life

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Reasons Why This Plan Makes Retirement Easy!

  • The One till 85!

    We’ll stay by your side and provide you with protection and retirement solutions till you’re 85 years old.

  • Something More’ is always better

    We’ve got Guaranteed Loyalty Additions and Single Pay Enhancers to give you great benefits.

  • Low Premium Allocation Charge

    This plan offers low premium allocation charges..

  • Lump Sum + Regular Payout

    Option to get a part of your fund value as lump sum and the rest of the fund value is invested as an annuity for regular income.

Only 4 Steps Are Needed For You To Get This Plan!

1

Start Making Decisions

  • Conduct Need Analysis
  • Choose your Premium Amount
2

Choose Your Terms

  • Select your Policy Term
  • Select your Premium Paying Term
3

Select what is best for you

  • Choose your Premium Paying Frequency
  • Choose your Risk Strategy
4

Sit Back and Relax

  • Submit the requested documents
  • Let us verify your details so you can start saving for retirement!

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FAQs

Like teachers say, there are no silly questions

What is a pension plan?

Pension plans provide financial security post-retirement so you can maintain your lifestyle even in your second innings. They also provide a life cover to protect your family in your absence. 

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Why do I need a pension plan?

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. 

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Why should I opt for Edelweiss Tokio Easy Pension?

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.

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What goals can I achieve with this plan?

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.

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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 vesting age?

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

to retire early.

 

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What is the Maturity Benefit under this plan?

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

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What are the risk strategy options available?

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.

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What is the minimum and maximum entry age?

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

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What is the minimum and maximum maturity age?

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

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What is the minimum and maximum policy term?

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

 

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How long do I need to pay my premiums and at what frequency?

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. 

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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 Discontinuance charges?

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. 

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


The Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year

Edelweiss Tokio Life Insurance is only the name of the Insurance Company and Edelweiss Tokio Life – Edelweiss Tokio Life - Easy Pension is only the name of A Unit-Linked, Non-Participating, Individual, Pension Product and does not in any way indicate the quality of the contract, its future prospects, or returns. Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary or policy document of the Insurer. The premium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance of investment fund and factors influencing the capital market and the policyholder is responsible for his/her decisions. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. 
 UIN: 147L034V02.

ARN No : WP/1450/Feb/2021 

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