Edelweiss Tokio Life – Safe N Sure Plan

Death Benefit

When the death of the insured has been confirmed, the Sum Assured chosen is payable.

Maturity Benefit

Sum Assured opted under the policy is payable on the date of maturity of the policy.

Loan Benefit

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

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.

Tax Benefit

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.

Following riders can be opted under this plan, on payment of additional rider premium.

• Edelweiss Tokio Life - Accidental Death Benefit Rider
• Edelweiss Tokio Life - Accidental Total & Permanent Disability Rider
• Edelweiss Tokio Life - Critical Illness Rider
• Edelweiss Tokio Life - Income Benefit Rider
• Edelweiss Tokio Life - Term Rider
• Edelweiss Tokio Life - Waiver of Premium Rider
• Edelweiss Tokio Life - Payor Waiver Benefit Rider

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 13^th 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.