Take a step ahead to secure your retired life

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Reasons Why This Is The Retirement Plan You Should Get Immediately

  • Happiness For You And Your Spouse

    This plan offers a Joint Annuity Option, so both you and your spouse can enjoy retirement benefits.

  • Something Extra Comes Your Way

    We offer extra annuity benefits when you opt for a higher premium amount.

  • 11 Options to Choose from.

    This plan offers 11 annuity options for you to choose from. Pick the one that suits your needs best.

  • Regular + Lump Sum Payout

    Option to avail annuity during your lifetime and leave lump-sum thereafter for your loved ones

How It Works

1

Start Making Decisions

  • Decide your Retirement Need
  • Choose your Premium Amount
2

Choose Your Terms

  • Select your Payout Frequency
  • Select your Annuity Option
3

Select What is Best for You

  • Choose between Single Annuity Option and Joint Annuity Option
  • Choose your Nominee
4

Sit Back and Relax

  • Submit the requested documents
  • Let us verify your details so you can start getting guaranteed*1 annuity!

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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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Why do I need a retirement 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 Life – Immediate Annuity Plan?

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

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What goals can I achieve with this plan?

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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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?

Maturity Benefit is equivalent to Annuity in this plan.

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What is a Single pay plan?

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

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What is the minimum and maximum premium amount?

The minimum premium amount is Rs. 1 lakh. However, there is no defined maximum premium amount, as it will be subject to Board approved underwriting policy.

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What is the minimum and maximum entry age?

 The minimum and maximum entry age of the annuitant is 18 and 85 years respectively, according to the last birthday.

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

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

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How soon can the payout start?

 The Annuity payout can start immediately with Edelweiss Tokio Life – Immediate Annuity Plan.

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What is the minimum and maximum sum assured?

The Annuity amount depends upon the mode of pay-out. For yearly pay-out, the sum assured is 105% of the premium, for half-yearly, it is 51%, for quarterly, it is 25% and for monthly it is 8.33%.

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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- This is applicable only if all due premiums are paid and the policy is in-force.

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

Edelweiss Tokio Life – Immediate Annuity Plan is only the name of the Individual, Non-Linked, Non-Par, Pure Risk Premium, General Annuity Product 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 and terms and conditions, please read sales brochure carefully before concluding a sale.

IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336. UIN: 147N019V02.

ARN No : WP/1413/Feb/2021

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