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Reasons Why This Plan Should Be A Guaranteed¹ Addition To Your Life

  • Get No Worries, Just Guaranteed¹ Benefits

    This plan has the advantage of letting you know exactly what kind of benefits you get upon investing.

  • Enhanced Life Cover

    With this plan, you can avail comprehensive life cover up to 10 times of the single premium amount.

  • No Paying Baar Baar!

    You only need to pay your premium as a one-time payment and sit back to enjoy the benefits of your plan.

  • Get Security at age 70

    The feature of this plan is that its maximum entry age is 70 years so can get protection even later in life.

Get This Plan In Just 4 Steps

1

Decide on your needs

  • Decide on your wealth enhancement need
  • Choose an appropriate premium amount
2

Customize your Plan

  • Choose Policy Term
  • Choose Premium Payment Term
  • Choose Death Benefit option
3

Add Riders

  • The plan offers 4 riders
  • Add as per your needs
4

Sit Back and Relax

  • Submit the requested documents
  • Let us verify your details so you can start getting guaranteed¹ returns!

More Products You Will Love

Need expert advice?

Choice of 4 Riders⁹

  • Accidental Death Benefit Rider

    This rider provides financial security in the form of an additional life cover to your loved ones in case of demise due to an accident.


  • Accidental Total and Permanent Disability Rider

    With this rider, you can get a lump sum amount to manage your expenses in case total or permanent accidental disability has hindered your earning capacity.


  • Critical Illness Rider

    In case you are diagnosed with one of 12 listed critical illnesses, this optional benefit will provide you 100% of the Rider Sum Assured after 30 days of diagnosis.


  • Income Benefit Rider

    Get the power of providing financial security in the form of regular income to your family when you’re no longer around with this rider.


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Fire Away Queries

Like teachers say, there are no silly questions

Why do I need a savings plan?

In today’s uncertain world, it is important to save for the rainy days. You need to arrange for a stable income in your later years so that the external uncertainties don’t affect your future plans. A savings insurance plan ensures that your future income is intact, regardless of the situation.

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Why should I opt for Edelweiss Tokio Life – Single Pay Endowment Assurance Plan?

This plan offers guaranteed amount on maturity, plus enhanced life insurance cover ranging between 1.25 times to 10 times of the single premium. You can also opt for a loan facility to meet unforeseen needs. This plan also provides the option to make your cover more comprehensive through riders.

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What goals can I achieve with this plan?

This plan helps you enhance your wealth to meet your goals or to celebrate those special moments in life with style. With Edelweiss Tokio Life – Single Pay Endowment Assurance Plan, you can finance those big dreams such as your child’s education abroad, 25th anniversary celebration in a cruise, etc.

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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 a single pay plan?

A Single pay plan is a type of life insurance plan where you have to pay your premium only once.

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What is the minimum premium amount?

The minimum premium amount is only Rs. 40,000.

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What is the minimum and maximum entry age?

The minimum entry age is 3 years and the maximum entry age is 70 years. Both ages are as per last birthday

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What is the minimum and maximum maturity age?

The minimum maturity age is 18 years and the maximum maturity age is 80 years. Both ages are as per last birthday.

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What is the minimum and maximum policy term?

The minimum and maximum policy terms are 10 and 15 years respectively.

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

As this is a Single pay plan, you have to pay your premium only once.

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What is the minimum and maximum sum assured?

The minimum sum assured on death is Rs. 50,000. The maximum sum assured does not have any defined limit; it will be subject to Board approval.

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What is a Rider?

A rider is an additional benefit that you can opt for, to enhance your plan.

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What are the riders available with this plan? 

You can choose between Accidental Death Benefit Rider, Accidental Total and Permanent Disability Rider, Critical Illness Rider and Income Benefit Rider.

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Does this plan have a Maturity Benefit?

Yes, this has a maturity benefit. Based on your age, gender, policy term, death benefit option and premium, your Maturity Benefit will be calculated. Maturity Benefit is guaranteed throughout the term.

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Does this plan have a Free Look Period?

You have a 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 nominee or beneficiary shall be entitled to at least 90% of the total premiums, provided the policy is in force.

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Does this plan have a Grace Period?

The grace period is not applicable, as it is a single pay plan.

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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.

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.

9- Riders are available at extra cost.

Edelweiss Tokio Life – Single Pay Endowment Assurance Plan is only the name of the Individual, Non-Linked, Non-Par, Savings, Life Insurance 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: 147N018V03.

ARN: WP/1426/Feb/2021

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