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Edelweiss Tokio Life – Safe n Sure Plan is a non-participating & non-linked endowment assurance plan that ensures growth of your money. This plan provides guaranteed lump sum amount on maturity that helps achieve the objective of wealth accumulation. It also provides a life cover, so your family’s future is financially secured, when you are not there.BUY NOW
When the death of the insured has been confirmed, the Sum Assured chosen is payable.
Sum Assured opted under the policy is payable on the date of maturity of the policy.
The maximum loan amount available is 90% of surrender value. On death of the life insured, the outstanding loan amount and the accumulated interest is recovered from the benefits payable.
Surrender Value payable is higher of Special Surrender Value and Guaranteed Surrender Value. Surrender Value is acquired on payment of at least 2 full policy years’ premium. On surrender, the surrender value is paid immediately and the policy is then terminated.
This policy provides tax benefits under section 80C & 10 (10D) of the Income Tax Act. You can also avail tax benefits for Critical Illness Rider under section 80D of the Income Tax Act, 1961.
|Age (as on last birthday)||5 Years||55 Years|
|Age at Maturity||-||80 Years|
|Policy Tenure||15/20 Years||25 Years|
|Premium Paying Term||15 Years||-|
|Premium Paying Mode||Annually, Semi Annually, Quarterly & Monthly||-|
|Premium Amount||Rs 7,326 (annually), Rs 4,000 (semi Annually), Rs 2,500 (quarterly), Rs 1,000 (monthly)||No Limit|
|Sum Assured||Rs 2 Lacs||No Limit (subject To Underwriting)|
|Freelook Period||15 Days/30 Days (for Distance Marketing Channel) From The Receipt Of The Policy||-|
|Grace Period||30 Days||-|
Following riders can be opted under this plan, on payment of additional rider premium.
Let us understand the plan with the help of an illustration.
Mr. Raman at 30 years of age, wants to grow his wealth along with the life cover, so he decides to buy Edelweiss Tokio Life – Safe n Sure Plan with policy term of 15 years, Rs 15 Lacs sum assured, and pays Rs 30,000 annual premium for 15 years.
Scenario A: Raman Survives the Policy Term
If Mr. Raman survives till the end of the policy term, a lump sum of Rs 15 Lacs is payable as the maturity benefit. This maturity benefit helps fulfill your family’s dreams.
Scenario B: Raman dies during the Policy Term
In the event of demise of Mr. Raman during the 13th policy year, a lump sum amount of Rs 15 Lacs is payable as the death benefit to the nominee. This payout ensures financial security for the family.