A Non-Linked, Non-Participating Endowment Life Insurance Plan - Edelweiss Tokio Life - Elite Plus

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An exclusive endowment plan that guarantees additions on your savings!

A Non-Linked, Non-Participating Endowment Life Insurance Plan

Life has its share of uncertainties and risks. In a world which is ever changing there’s one thing that won’t change - your family’s financial security even in case of an unfortunate demise of the Life Insured. With Edelweiss Tokio Life – Elite Plus all the benefits are guaranteed* throughout the policy term. Along with this you secure your family’s financial future through life insurance cover. Now freely strive to fulfil the dreams of your loved ones because we aim to support you and help build guaranteed* financial reserves for all unexpected scenarios in the future.

Note: *Returns and benefits under this plan are guaranteed subject to all premiums being paid and the policy is in-force.

UIN: 147N060V01 | ARN: WP/0313/Apr/2019

Let's take a look at the case of Rahul


    After consecutive promotions in the last two years, Rahul is now a Vice President in a company. He has a loving family and is very content with life. There is just one thing that’s been bothering him for a while now.

    He wants to diversify his portfolio and is looking to park a sizable amount of money in a product which gives life cover and also provides guaranteed returns on savings. His boss hears this and suggests the limited period product- Edelweiss Tokio Life - Elite Plus.

    Rahul identifies that this was one product lacking in his portfolio and decides to purchase the base option of this plan. He also recommends the family option of this plan to his sister Radha, as he feels that this plan is not only a savings instrument but would also help her secure her family’s financial futureeven in case of an unfortunate demise of the Life Insured.

Check out our features

Through the highs and lows, our guaranteed benefits will build your savings

Guaranteed Addition

Guaranteed Addition

Protect your financial goals from the adverse impact of inflation as each Guaranteed Addition is calculated as 8% of the Guaranteed Sum Assured on Maturity. As your plan progresses, Guaranteed Addition accrues at the end of every year from the first year while the Policy is In-Force.

Guaranteed Addition

Accumulate wealth by earning Guaranteed Addition throughout the policy term.

Guaranteed Addition

Guaranteed Addition

Protect your financial goals from the adverse impact of inflation as each Guaranteed Addition is calculated as 8% of the Guaranteed Sum Assured on Maturity. As your plan progresses, Guaranteed Addition accrues at the end of every year from the first year while the Policy is In-Force.

Plan Options

We let you choose between two plan options.

Plan Options

Plan Options

We provide you a choice between the Base option and the Family Protection option

1. Base Option : This option helps you to accumulate wealth to fulfil your financial responsibilities. It also provides a life insurance cover to take care of loved ones in case of your unfortunate demise.

2. Family Protection Option : This option ensures that in case of your unfortunate demise, your loved ones don’t have to compromise on their financial needs. A lump sum amount is paid on death of the Life Insured to take care of any immediate needs plus the full amount of benefits assured are paid on maturity. They will receive the maturity benefits under the policy and are not required to pay any future premiums.

As the benefits are different, the premium for both these options differs.

Tax Benefits

Get tax exemptions on your premiums and maturity amount

Tax Benefits

Tax Benefits

We all strive to save as much tax as we can. With Edelweiss Tokio Life - Elite Plus your premiums are exempt from tax under section 80(C) upto Rs.1,50,000. Even the maturity amount is exempt from tax under section 10(10D). Tax benefits are subject to changes in the tax laws.

Maturity Benefit

On survival of the life insured till the date of maturity, the maturity benefit is payable as lump sum provided the policy is in-force.

Maturity Benefit

Maturity Benefit

On survival of the life insured till the date of maturity, provided the policy is in-force, the maturity benefit is payable as lump sum. maturity benefit* is the sum total of:

1. Guaranteed Sum Assured on Maturity

2. Accrued Guaranteed Addition

*Maturity Benefit is same in both base option and family protection option

Death Benefit

Your family would receive a lumpsum amount in case of your unfortunate demise

Death Benefit

Death Benefit

Death Benefit:

On death of the Life Insured while the policy is in-force, the death benefit is payable as lump sum.

- Base OptionNominee will receive the following benefit and the policy will be terminated:

1. Sum Assured on Death* 

2. Accrued Guaranteed Addition at the time of death

Family Protection Option: Nominee will receive the sum assured on death* as lump sum. In addition, any remaining premium under the policy is not required to be paid and on the date of maturity the maturity benefit will be payable as lump sum.

* Sum Assured on Death at any time during the policy term is higher of:

1. 10 times of Annualized Premium; OR

2. Guaranteed Sum Assured on Maturity; OR

3. 105% of all the premiums paid till date of death; OR

4. Any absolute amount assured to be paid on death, which will be equal to 10 times of Annual Premium

Policy Loan

Option to avail a loan against the policy to meet any unexpected expenses

Policy Loan

Policy Loan

A life insurance policy should be handy for you in case of any adverse financial emergencies and this plan caters to that, whereby you can avail a loan under the policy once the policy acquires surrender value. The maximum loan amount available will be 80% of the surrender value.

Check if you are eligible for this product

Here are the rules! Ask us if you have any doubts.

What is the minimum premium?
The minimum prem...
The minimum premium is Rs. 1,50,000
What is the maximum entry age?
The maximu...
The maximum entry age is 60 years
What is the minimum entry age?
The minimum entry...
Base option
Family Protection option

Policy Term 

Age

12

 6

15

3

20

0

Policy Term

Age

12

18

15

18

20

18

What are the various premium paying term and policy Term?
The various premium payin...

The various premium paying term and policy Terms are:

Premium Paying Term

Available Policy Term (Years)

7 Pay

12,15 and 20

10 Pay

15 and 20

What is the Premium Paying Frequency?
The Premium Paying Freq...
The Premium Paying Frequency is Annual
What is the maximum premium?
The maximum pre...
The maximum premium has no Limit; subject to Board approved underwriting policy
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Additional resources

Product brochure view & download pdf
Sample contract view & download pdf
Product disclaimer read more