Edelweiss Tokio Life - EduSave Plan

• Double protection against unforeseen events
• Additional benefits through accrued bonuses
• 5 maturity payout plans
• Flexible policy term and premium paying term
• Large sum assured discount
• Premium discount for female lives
• Loan facility is available
• Additional cover through riders
• Get tax benefits

Death Benefit

In the event of death of the life insured during the term of the policy, Sum Assured is payable to the nominee/legal heir. All future premiums are waived, on death of the life insured. Reversionary Bonus continues to be accrued till maturity and policy continue till maturity date and the maturity benefit is payable at maturity to the beneficiary/nominee.

The minimum death benefit payable is at least 105% of all the premiums paid.

Maturity Benefit

Sum Assured plus accrued bonuses is payable as the maturity benefit.

Sum assured is equal to or higher than 10 times of annualized premium or Minimum guaranteed sum assured on maturity.

You can choose from several payout options to avail the Maturity Sum Assured.

• Marriage Funding Plan: 100% at the end of the policy term.
• Post-Graduation Plan: 52% each for the first two years, starting from the end of the policy term.
• Graduation Plan: 32% for the first year, 24% each for the 2nd & 3rd year, 32% for 4th year, starting from the end of the policy term.
• Integrated 5 year Degree plan: 20% each for the first 3 years, 28% each for the 4^th & 5^th year, starting from the end of the policy term.
• Dual Degree Plan: 18% each for the first 4 years, 24% each for the 5^th & 6^th year, starting from the end of the policy term.

The accrued bonuses is payable at the end of policy term along with the first installment irrespective of the option chosen.

Bonus

Accrued bonuses as applicable are payable under the policy.

Loan Benefit

Up to a maximum of 90% of the surrender value can be availed under this policy.

Surrender Value

Surrender Value payable is higher of Special Surrender Value or Guaranteed Surrender Value. The policy will acquire a surrender value on payment of at least 3 full policy year’s premium.

Tax Benefit

You can avail tax benefits under section 80C & 10 (10D) of the Income Tax Act. Tax benefits are applicable, as per the prevailing tax laws.

Following riders can be opted, upon payment of additional rider premium.

• Edelweiss Tokio Life - Accidental Death Benefit Rider
• Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider
• Edelweiss Tokio Life - Term Rider
• Edelweiss Tokio Life - Critical Illness Rider
• Edelweiss Tokio Life - Waiver of Premium Rider
• Edelweiss Tokio Life - Hospital Cash Benefit Rider
• Edelweiss Tokio Life - Payor Waiver Benefit Rider

Mr. Rajesh at 30 years of age, opts to buy Edelweiss Tokio Life – EduSave (chooses post-graduation maturity payout) with the policy term of 30 years, premium payment term of 10 years, annual premium amount of Rs 56,410, and sum assured of Rs 10,00,000.

Scenario A: Rajesh Survives the Policy Term

Sum Assured plus accrued bonuses is payable as the maturity benefit. Upon choosing post-graduation maturity payout, 52% each for the first two years, starting from the end of the policy term.

Scenario B: Rajesh dies during the Term of the Policy

In the event of death of Rajesh during the term of the policy, Sum Assured is payable to the nominee/legal heir. All future premiums are waived, on his death. Reversionary Bonus continues to be accrued till maturity and policy continue till maturity date and the maturity benefit is payable at maturity to the beneficiary/nominee.

Benefit Illustration: