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Edelweiss Tokio Life - Forever Pension

An Annuity plan offering immediate and deferred annuity options
which provides you with guaranteed¹ income in your golden years to
indulge in life's necessities without any compromises. A plan which
takes away your concern of  generating regular income and how you
would spend your retirement years.

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A Multiple of single/annualized premium as life cover at all time during policy tenure
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Product Brochure
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Sample Contract
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Rate Table
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Forever Pension Why should you buy this plan?

Why should you buy this plan?

familyincomebenefit

Offers Immediate as well as Deferred Annuity Option

Jointlife

Return of Purchase Price for Single Life as well as Joint Life

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Return of Purchase Price on Critical Illness or Accidental Total and Permanent Disability or Death (Single Life)

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Option to convert annuity in to paid up Additions

Benefits of Forever Pension Plan Scroll

Benefits of Forever Pension Plan

GuaranteedAmountonMaturity
Optiontocustomiseyourplantosuit yourfinancialneeds
ReturnofPurchasePrice
ReturnofPurchasePriceonCriticalIllness
LastSurvivorAnnuity
Paid-upAdditions
Higherannuityinstalment

Under any annuity option, annuity is guaranteed¹ throughout the life of the annuitant

GuaranteedAmountonMaturity

Select your desired annuity option from a range of annuity options (immediate or deferred) available in the plan.

Immediate Annuity - Under this Annuity Benefit type, the Annuitant receives regular income in arrears as an annuity

Deferred Annuity - Under this Annuity Benefit type, the Annuitant receives regular income in arrears as annuity after the end of deferment period. The deferment period can be chosen between 1 to 10 years at inception

Optiontocustomiseyourplantosuit yourfinancialneeds

Under Return of Purchase Price receive annuity at a constant rate throughout the life of the Annuitant. On death of the Annuitant, Purchase Price along with the Accrued Paid-up Additions, if any, will be paid in lump sum to the nominee and policy will terminate without any further benefit.

Under Return of Balance Purchase Price receive the annuity at a constant rate throughout the life of the Annuitant. On the death of the Annuitant, the Balance Purchase Price (i.e. Purchase Price less total annuity amount paid till the date of death) along with the Accrued Paid-up Additions, if any, will be paid in lump sum to the nominee and policy will terminate without any further benefit.

This option is available on Single Life basis.

ReturnofPurchasePrice

Under this option, Annuitant receives annuity at a constant rate till the date of diagnosis of any of the covered CIs before attaining age 80 years (Age Last Birthday) or occurrence of ATPD before attaining age 70years (Age Last Birthday) or death, whichever is earlier. On diagnosis of any of the covered CIs or occurrence of ATPD or death, whichever is earlier, annuity ceases immediately and Purchase Price along with the Accrued Paid-up Additions, if any, will be paid in lump sum to the Annuitant/nominee and policy will terminate without any further benefit.

This option is available on Single Life basis.

ReturnofPurchasePriceonCriticalIllness

Under this option, annuity is payable on a joint life basis. The Primary Annuitant will be the primary person entitled to receive the payouts, while the Secondary Annuitant will be entitled to receive the annuities, in the event of death of the Primary Annuitant. In a Joint Life annuity, the Secondary Annuitant can be the spouse/major child/parent/major grandchild/grandparents or sibling of the Primary Annuitant.

LastSurvivorAnnuity

Under this Additional Benefit, the Annuitant will have option to convert an annuity amount into the Paid-up Additions. The Annuitant can choose the benefit at the inception of policy or at any subsequent policy anniversary.  At any point of time during the policy term, the Annuitant also have an option to opt out from Paid-up Additions Benefit. Once opted out, the Annuitant will start receiving annuity as per the original schedule.

Paid-upAdditions

You enjoy higher annuity rates for higher purchase price. As a result you get higher annuity payouts.

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Forever Pension How does this plan work?

How does this plan work?

1

Choose the purchase price (Single Premium) that you wish to pay to buy the annuity or choose the annuity instalment you wish to receive.

2

Choose Annuity Option and Single Life or Joint Life option

3

Choose your annuity instalment frequency – Annual, Semi-Annual, Quarterly or Monthly

4

You may opt to convert your annuity amount into paid up additions. This benefit can be chosen at inception or at any time during the policy term.

5

Receive the annuity instalments, as per the frequency chosen by you

Child Plan Reasons Why You’re Bound to Love Us Back

Reasons Why You’re Bound to Love Us Back

zindagi-unlimited

We’ve got experience in helping people make their Zindagi unlimited

grow-wealth

We’ve got expertise in helping you grow your wealth

innovation

We constantly innovate our offerings to get better results for you.

Here's Why Our Customers Adore Us

Here's Why Our Customers Adore Us

Look at what people had to say about our services
Our customers say
Good
4/5
based on 600 reviews

Asset Publisher

ETLICustomer

He was very much clear about the issue and the importance of it.. Thanks rohit

Anisha Shashidharan

(sr.associate)
ETLICustomer

Your customer support is doing excellent job.keep up the good work.

Nilesh Pawar

(manager)
ETLICustomer

It was very good experience. they understand my problem and solved it and given time to me, thank you.

Kumar Devam

(pvt teacher)
ETLICustomer

Thanks, all queries resolved in one call to satisfaction. I am rating the services as 10.

Kanika Chaudhary

(DESIGN ARCHITECT)
ETLICustomer

Very helpful during call thanks to Ms Ayesha A customer care executive

Sudeep priyo Bagh

(teacher)
ETLICustomer

The Customer Care Executive - Ms Afreen Sheikh was very prompt in resolving my query!!

Devanshu Gandhi

(Buisness owner)

Fire Away Queries Forever Pension

Fire Away Queries

Like teachers say, there are no silly questions

What is an annuity plan?

An annuity plan helps you get a regular payment for life after making a lump sum investment. The life insurance company invests the money of the investor and pays back the returns generated from it.

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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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Edelweiss Tokio Life – Forever Pension Plan enables you to plan your retirement with guaranteed¹ annuity benefit. It offers a choice of multiple options as per your requirements. With this plan, you pay only once and avail immediate and deferred annuity benefits for lifetime.

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In Immediate Annuity the annuity payout starts immediately and in Deferred Annuity the annuity payout start after the end of specific chosen deferment period.

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As this is an annuity plan, its primary goal is to offer you plan a smooth retirement (or superannuation). You can opt for a regular annuity payout throughout your lifetime and ensure financial stability for your family if you’re not around.

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A Single pay plan is a life insurance plan that requires you to pay the premium amount only once.

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Minimum Purchase Price Rs. 200,000. Minimum purchase price will not be applicable on death/vesting/surrender of all the pension policies of Edelweiss Tokio Life Insurance Co Ltd. The proceeds available on death/vesting/surrender even if below Rs 2,00,000 can be used to purchase annuities, subject to minimum annuity amount of Rs.1,000 per month.

Maximum Purchase Price No Limit, subject to board approved underwriting policy.

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Minimum Entry Age - For Immediate Annuity - 40 years & For Deferred Annuity - 35 Years

a) For annuity purchase from the proceeds of the death benefit/vesting/surrender of all the pension policies of Edelweiss Tokio Life Insurance Co Ltd., the Minimum Entry Age will be 0 years in case of Single Life and 18 years in case of Joint Life.

b) In case of annuity options with Critical Illness (CI) and Accidental Total and Permanent Disability (ATPD) benefits, the minimum entry age will be 18 years.

 

Maximum Entry Age - 85 years

a) The maximum entry age for policies sourced through POSP will be 70 years.
b) The maximum entry age for annuity options with Critical Illness (CI) and Accidental Total and Permanent Disability (ATPD) benefits is 60 years.
c) For Joint Life annuity options, the Minimum and Maximum Entry Age is Applicable for both Annuitants

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As it is a Single premium paying term, you have to pay your premium only once.

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The Annuity payout can start immediately for immediate annuity option and after the selected deferment period for deferred annuity option with Edelweiss  Tokio Life – Forever Pension.

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Minimum

Rs. 1,000 per month for Monthly Annuity Mode

Rs. 3,000 per quarter for Quarterly Annuity Mode

Rs. 6,000 per half-year for Half-yearly Annuity Mode

Rs. 12,000 per annum for Yearly Annuity Mode.

Maximum

No Limit, subject to board approved underwriting policy

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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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There are Critical Illness and Accidental Total and Permanent Disability related exclusion related to the specific option where in this benefit is applicable.

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Any queries

email

We are always there for you !

For queries, write to onlinesupport@edelweisstokio.in

Videos For Cash Flow Protection Plus

1- The word “Guaranteed” and “Guarantee” mean that annuity payout is fixed at the inception of the policy

Edelweiss Tokio Life – Forever Pension is only the name of a Non-Linked, Non-Participating Single Premium Individual General Annuity 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, terms and conditions please read sales brochure carefully before concluding a sale.

IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336. UIN: 147N068V02

 ARN No : WP/3448/Oct/2023