Monthly Income Plan - Best Active Income Insurance Policy in India by Edelweiss Tokio

With Edelweiss Tokio Life – Active Income Plan you get to choose when you want to start receiving your income, which can be as early as the 2^nd policy year.

• Early Income Benefit Option – Under this Income Benefit Option, Guaranteed Income will be paid annually at the end of each Policy year starting from the second Policy Year.
• Deferred Income Benefit Option– Under this Income Benefit Option, Guaranteed Income will be payable annually at the end of each Policy Year starting from the Policy Anniversary falling immediately after the completion of Premium Paying Term.

In case of death or diagnosis of 12 covered Critical Illness, your family continues to receive the Income Benefit and Maturity Benefit without having to pay any future premiums. Also, your nominee will receive a lump sum in case of death.

Cash Bonus is a non-guaranteed bonus which may be payable at the discretion of the Company and based on the performance of the participating fund of the Company.

With Edelweiss Tokio Life – Active Income Plan you have two Guaranteed Income Types to choose from. You need to select one of these types at Policy Inception:

• Level Guaranteed Income – Under this Guaranteed Income Type, same Guaranteed Income amount will be payable at every pay out and will be equal to 1.5% of Sum Assured on Maturity.
• Increasing Guaranteed Income – Under this Guaranteed Income Type, Guaranteed Income amount will increase annually. The Guaranteed Income amount will be equal to 0.75% of Sum Assured on Maturity on the Policy Anniversary falling immediately after the completion of PPT and thereafter increasing at 5% p.a. (simple increase) until maturity. This Guaranteed Income Type is not available when Early Income is chosen as the Income Option.

We all strive to save as much tax as we can. With Edelweiss Tokio Life – Active Income, your premiums are exempt from tax under section 80(C) up to Rs.1,50,000. Even the regular income amount you receive is exempt from tax under section 10(10D).

We understand that in life sometimes unexpected expenses emerge and we would hate for you to compromise on your requirements to meet these expenses. Hence, we offer a loan against your policy once it acquires surrender value.

We offer 6 riders to help enhance your protection.

• Edelweiss Tokio Life - Accidental Death Benefit Rider: This rider provides for additional financial security in case any death occurs due to accident. Also, the benefit is payable in lumpsum.
• Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider: This rider provides you with a lump sum to cater to your immediate expenses in case your income earning capacity is hindered due to an accidental disability (total & permanent).
• Edelweiss Tokio Life - Critical Illness Rider: This rider provides for a lumpsum amount on diagnosis of one of the listed critical illnesses
• Edelweiss Tokio Life - Income Benefit Rider: This rider will make sure that your family has a backup source of monthly income even in your absence.
• Edelweiss Tokio Life – Waiver of Premium Rider: This rider waives of future premiums in case you suffer from Critical Illness or Total and Permanent Disability due to accident.
• Edelweiss Tokio Life – Payor Waiver Benefit Rider: This rider waives future premiums in case of death, Critical Illness or total and permanent disability due to accident of the proposer (payor) so that the Life Insured continues to get the benefits.