Edelweiss Tokio Life - Cashflow Protection Plus Plan

• Guaranteed income and protection till 100 years
• Guaranteed Lump Sum Payout
• Higher returns through additional cash bonus
• Avail reversionary bonus
• 3 survival benefits
• Limited premium payment period
• Discounted premium rate for female lives
• Discounts for Large Sum Assured on Maturity
• 3% premium discount on buying policy directly from company website
• Loan facility
• Riders to boost the cover
• Tax benefits

Death Benefit

In case of death of the life insured, the following death benefit is payable.

For Life Insured with entry age below 5 years:

For minor lives, where the entry age is below 5 years, in case of death during the 1 year and 11 months from the date of commencement of the policy, 105% of total premiums paid till date of death.

After completion of 1 year and 11 months from the commencement of the policy, the death benefit would be as per the benefit offered for Entry Age of 5 years and above.

For Life Insured with entry age of 5 years and above:

Before the end of PPT: Sum Assured on Death Plus accrued reversionary bonuses.

After end of PPT: Sum Assured on Death Here, the Sum Assured on Death during the policy term is higher of 11 times of the Annualized Premium or Minimum guaranteed Sum Assured on Maturity.

The total death benefit shall not be less than 105% of total annualized premium paid, till the date of death.

Maturity Benefit

The maturity benefit payable is Sum Assured on Maturity Plus terminal bonus. The total maturity benefit shall not be less than 105% of total annualized premium paid, as on the date of maturity.

Survival Benefit

Three different survival benefits are payable under this plan.

• Reversionary Bonus is accrued from the first policy year till the end of premium paying term and it is based on the performance of the par fund. It is a non-guaranteed accrual benefit and is payable either on death or at the end of the premium paying term, whichever is earlier.
• Cash Bonus is a non-guaranteed benefit payable at each policy anniversary after the premium payment term along with the Money Back benefit. Cash Bonus is based on the performance of the par fund and it is payable till maturity or death, whichever is earlier.
• Money Back is a guaranteed benefit equal to 5.5% of the Sum Assured on Maturity, payable annually at the end of each policy year and the payout commences one year after the premium paying term and continues to be paid till maturity or death, whichever occurs earlier.

Bonus

Reversionary Bonus, Terminal Bobus and Cash Bonus are payable (as applicable) under this plan.

Loan Benefit

This policy offers loan benefit can can be availed up to a maximum of 90% of the surrender value.

Surrender Value

The surrender value can be acquired on payment of at least first 3 policy years’ premium. 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 - 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 - Payor Waiver Benefit Rider

The premiums paid under this policy can avail tax benefits under Section 80C and the policy benefits are eligible tax benefits under Section 10 (10D) of Income Tax Act. Premium paid for Critical Illness Rider, (if opted) may qualify for tax deduction under Section 80D of the Income Tax Act, 1961.

Rohit aged at 30 years is planning for his retirement and looking for a guaranteed regular income plus protection till 100 years of age. He chooses Edelweiss Tokio Life – Cash Flow Protection Plus with the policy term of 70 years, premium payment term of 15 years, and sum assured is Rs 5 Lacs with annual premium of Rs 46,315.

Scenario I: Rohit Survives till 100 years

In case of Rohit’s survival till maturity/vesting, the maturity benefit payable is Sum Assured on Maturity Plus terminal bonus. Reversionary Bonus, Cash Bonus and Money Back are also payable, on your survival.

Scenario II: Rohit dies during the Term of the Policy

In the event of the demise of Rohit during the policy term, Sum Assured on Death equal to Rs 5 Lacs or above is payable to the nominee.

Benefit Illustration: