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Reasons Why This Plan Is A Smart Choice For You

  • One Plan. Multiple Needs.

    This plan looks out for your wealth accumulation needs and also provides you with protection to make sure your future is secure.

  • Loyalty Sum Assured

    Every 5 years Loyalty Sum Assured is added to make sure you won’t have to buy a new plan when your financial responsibilities change.

  • Guaranteed¹ Additions & Reversionary Bonus*²

    Guaranteed¹ Additions and Reversionary Bonus(if declared)*² are 2 benefits that are added to your plan from the end of the 1st policy year.

  • Large Premium Discount*⁴

    Get a discount*⁴ up to 3% when you opt for a higher premium amount.

Benefits Of Smart Lifestyle

Choice of 6 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.


  • Waiver of Premium Rider

    In case of critical illness, accidental total and permanent disability or death, get all future premiums waived off through this optional benefit.


  • Payor Waiver Benefit Rider

    With this rider, if the proposer of the policy suffers from an unfortunate event like death, disability or critical illness, all future premiums are waived off and the policy continues for the life insured.


All You Need are 4 Steps to Get this Plan!

1

Start Your Journey

  • Conduct Need Analysis
  • Choose your Premium Amount
  • Choose your Sum Assured on Maturity
2

Choose Your Terms

  • Choose your Policy Term
  • Choose your Premium Paying Term
  • Choose your Premium Mode
3

Customize Your Plan

  • Choose between Base Option and Family Protection Option
  • Enhance your plan through Riders
4

Sit Back And Relax

  • Submit all the requested documents
  • Let us verify your details and start your plan

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Fire Away Queries

Like teachers say, there are no silly questions

What is a savings / wealth accumulation plan?

In today’s uncertain world, it is important to save for the rainy days. You need to arrange for stable funds to fulfill your ambitions and to support you in your later years. A savings insurance plan ensures that your family’s financial future is secured, even in uncertain times.

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Why should I opt for Edelweiss Tokio Life Smart Lifestyle?

This plan offers wealth accumulation & is designed to cater to multiple needs. The life insurance cover in this plan takes care of financial security of your family in case of an unfortunate event. This plan rewards you in the form of increasing Loyalty Sum Assured and potential to earn increasing additions and bonus as the plan progresses. You won’t have to buy a new plan every time your financial responsibility changes.

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What goals can I achieve with this plan?

Whether it is taking care of your family’s financial future, saving for retirement, child’s education or marriage, or any other important milestone, Edelweiss Tokio Life – Smart Lifestyle is designed to take care of all your financial goals.

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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 are the plan options available?

There are two plan option to choose from - Base option and Family Protection option.

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What is the Base option under this plan?

The Base option helps you to accumulate wealth for fulfilling your financial responsibilities. It also provides life insurance cover to take care of loved ones in case of any unfortunate event.

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What is the Family Protection option under this plan?

The Family Protection option ensures that in case of your unfortunate demise, your family does not have to compromise on their financial goals. They will receive the full benefits under the policy and are also saved from the worries of paying future premiums. A lumpsum amount is also paid on death of the Life Insured to take care of any immediate needs.

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What is Loyalty Sum Assured?

As your plan progresses, Loyalty Sum Assured accrues at the end of every 5 years. This benefits you in the following ways: • Increasing Loyalty Sum Assured will automatically take care of your changing financial responsibilities, saving you from the hassles of buying a new plan every time a new life event happens. • Protect your financial goals from the adverse impact of inflation.

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What is Simple Revisionary Bonus (if declared)?

At the discretion of the Company and based on the performance of the participating fund, Simple Reversionary Bonus (if declared), if any may accrue every year from first policy year. The Simple Reversionary Bonus (if declared), if any is a percentage of (Sum Assured on Maturity plus Loyalty Sum Assured accrued till the beginning of the applicable policy year).

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Is there a Terminal Bonus?

At the discretion of the Company and based on the performance of the participating fund, Terminal Bonus may be declared and will be payable on death or maturity. Terminal Bonus is a percentage of (Sum Assured on Maturity plus Loyalty Sum Assured accrued till the beginning of the applicable policy year). For Family Protection Option, terminal bonus, if any, will be payable only on maturity.

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What is the minimum and maximum entry age?

The minimum entry for Base option is 1 year and the maximum maturity age is 50 years. The minimum entry age for Family Protection option is 18 years and the maximum entry age is 40 years.

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What is the minimum and maximum maturity age?

The minimum maturity age for Base option is 18 years and the maximum maturity age is 70 years. The minimum maturity age for Family Protection option is 28 years and the maximum maturity age is 60 years.

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What is the minimum and maximum policy term?

The minimum policy term is 10 years and the maximum policy term is 20 years.

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

You can pay your premiums for 5, 7, 10 or 12 years. You can choose the payment frequency as either annual, semi-annual, quarterly or monthly.

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What is the minimum and maximum sum assured?

The minimum sum assured is ₹1 lakh. There is no limit to the maximum sum assured, subject to underwriting.

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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?

The following riders are available with Edelweiss Tokio Life Smart Lifestyle: • Edelweiss Tokio Life - Accidental Death Benefit Rider • Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider • Edelweiss Tokio Life - Critical Illness Rider • Edelweiss Tokio Life - Waiver of Premium Rider • Edelweiss Tokio Life - Payor Waiver Benefit Rider • Edelweiss Tokio Life - Income Benefit Rider

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Is there a loan facility available with the plan?

Yes, you can get a policy loan once policy acquires surrender value.

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Does this plan have a Maturity Benefit?

Yes, this plan does have a maturity benefit. On maturity date, while the policy is in-force, the sum of the following shall be payable: a. Sum Assured on Maturity b. Loyalty Sum Assured on Maturity c. Accrued Guaranteed Addition d. Accrued Reversionary Bonus, if any e. Terminal Bonus, if any

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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 inforce.

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.

*2- At the discretion of the Company and based on the performance of the participating fund, Simple Reversionary Bonus, if any may accrue every year from first policy year.

*4- subject to terms & conditions. Refer product brochure for more details

 

Edelweiss Tokio Life – Smart Lifestyle is only the name of the Individual, Non-Linked, 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, terms and conditions please read sales brochure carefully before concluding a sale.


IRDAI Reg. No.: 147. UIN: 147N040V02. CIN: U66010MH2009PLC197336.

ARN: WP/1425/Feb/2021

 

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