Edelweiss Tokio Life – Pension Plan

• Accumulate wealth for retirement
• Guaranteed Addition for first 5 years
• Compounded reversionary bonus from 6^th year onwards
• Flexibility to choose your vesting age
• Choose from Single/Limited/Regular Pay
• Multiple premium paying frequencies
• Avail discount for higher Sum Assured
• 3% Premium Discount upon choosing annual mode
• Add riders to enhance benefits
• Tax benefits

Death Benefit

On the unfortunate demise of the life insured, the higher of total premiums paid (excluding rider premium) compounded monthly at 1% per annum interest plus accrued guaranteed additions plus the accrued bonuses, as on the date of death OR 105% of premiums paid.

The nominee has the option to utilize the death benefit through the following 2 ways:

• Utilize the entire proceeds or part thereof for buying an annuity at the then prevailing rate.
• Option to withdraw the entire proceeds of the policy.

Maturity/Vesting Benefit

The maturity benefit payable is Sum Assured plus accrued guaranteed additions plus accrued bonuses.

At vesting, you have the option to utilize this payout through the following 3 ways:

• Commute up to the limit allowed under Income Tax Act and utilize the remaining amount to purchase annuity at the then prevailing annuity rate.
• Option to utilize the entire proceeds to purchase a single premium deferred pension plan.
• Extend the deferment period in the same policy.

Commutation Benefit

You have the option to take up to 1/3rd of the benefit as tax-free lump sum as per the current income tax regulations and use the remaining amount to purchase annuity at the prevailing annuity rate.

Deferment of Vesting Benefits

There is an option to extend the deferment/accumulation period, provided the life insured is aged below 55 years.

Guaranteed Addition

Guaranteed Addition is accrued to the policy on each policy anniversary during the first 5 policy years and is payable on earlier of death or vesting. It is calculated as 5% of cumulative premium (excluding rider premium) paid till that policy anniversary. A proportionate amount of guaranteed addition is payable on death claims.

Bonus

Compound Reversionary Bonus is expressed as a percentage of sum assured plus accrued bonuses) and it accrues from sixth policy year onwards. It is payable either on death or vesting, whichever occurs earlier.

Loan Benefit

Policy loan is not available under this plan.

Surrender Value

For single premium payment policies, surrender value can be acquired anytime from 1^st policy year. For policies with premium payment other than single pay, the surrender value can be acquired on payment of all due premiums for at least 2 full policy years. The surrender value payable is the higher of Guaranteed Surrender Value or Special Surrender Value.

This plan offers following riders, on payment of additional rider premium:

• Edelweiss Tokio Life - Term Rider
• Edelweiss Tokio Life - Critical Illness Rider

This plan provides tax benefits under Section 80CCC and Section 10 (10A) of the Income Tax Act, 1961. The tax benefits applicable are subject to change in tax laws.

Rohtash Chaturvedi at 30 years of age is planning for retirement and looking for a plan that offers a lump sum amount on vesting that can be used to receive the commutation benefit and annuity benefit. He opts for Edelweiss Tokio Life – Pension Plan with the policy term of 30 years, single premium payment, and sum assured is Rs 5 Lacs with a single premium of Rs 4,34,700.

Scenario I: Rohtash survives till vesting

At vesting, Sum Assured plus accrued guaranteed additions plus accrued bonuses is payable. You will receive a lump sum of Rs 5 Lacs. You can take up to 1/3rd of the vesting benefit as tax-free lump sum and use the remaining amount to purchase annuity at the prevailing annuity rate.

Scenario II: Rohtash dies during the Term of the Policy

On the unfortunate demise of the life insured, the sum of total premiums paid (compounded monthly at 1% p.a interest), accrued guaranteed additions and accrued bonuses are payable.

Benefit Illustration: