Take a step ahead to secure your life


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Reasons why getting this plan is a simple way to get secured!

  • Offers Return of Purchase Price for Single Life

  • Offers Return of Purchase Price for Joint Life

  • Allows Surender of Policy on Diagnosis of Critical illness

  • Provision for loan² on policy

Benefits of Saral Pension Plan

Protect yourself in 3 easy steps!


Start Making Decisions!

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

Choose your Options

  • Choose Annuity Option
  • Choose Single Life or Joint Life option

Select what is best for you

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

Sit Back and Relax!

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

Need expert advice?

Reasons Why You’re Bound To Love Us Back

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We constantly innovate our offerings to get better results for you

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 – Saral Pension Plan?

Edelweiss Tokio Life – Saral Pension Plan enables you to plan your retirement with guaranteed¹ annuity benefit. It offers a choice of two options as per your requirements. With this plan, you pay only once and avail 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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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 Purchase Price?

The minimum Purchase Price should be such that minimum annuity amount is at least Rupees 1,000 per month. The maximum purchase price will be subject to board approved underwriting policy.

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What is the minimum and maximum entry age?

Minimum entry age is 40 years and Maximum entry age is 80 years.  

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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 starts immediately depending on annuity mode chosen by the annuitant as mentioned below.

For Yearly Mode

After 1 year from the policy commencement date

For Half-yearly Mode

After 6 months from the policy commencement date

For Quarterly Mode

After 3 months from the policy commencement date

For Monthly Mode

After 1 month from the policy commencement date

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What is the minimum and maximum annuity Instalment?


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.


No Limit, subject to board approved underwriting policy

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Can one Surrender the policy?

The policy can be surrendered any time after six months from the date of commencement, if the annuitant or the spouse or any of the children of the annuitant is diagnosed as suffering from any of the listed critical illnesses, based on the documents produced to the satisfaction of the medical examiner of the Insurer. On payment of surrender value, the policy stands terminated.

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What is the Tax Benefits³ available under this Plan?

You may be eligible for tax benefits as per applicable tax laws. Tax benefits are subject to change in the tax laws.

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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 Electronic Mode and Distance Mode will have a free look period for 30 days.

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Are there any Exclusions to this plan?

No there are no exclusions applicable to this plan.

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Additional Resources

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

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.

Edelweiss Tokio Life - Saral Pension is only the name of a Non-Linked Non-Participating Individual Immediate 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. 

UIN: 147N070V01 

ARN No : WP/1623/May/2021