Edelweiss Tokio Life Traditional Plans

There are 10 plus investment and savings plans provided by Edelweiss Tokio Life Insurance. In this article, we will help you understand the investment and savings plans offered by Edelweiss Tokio Life Insurance.

Note: All information related to Product Benefits and Eligibility Details has been sourced from the official website of Edelweiss Tokio Life Traditional Plans.

Milestones Plan

This is an endowment plan which provides cash bank at regular intervals in order to help you build wealth over a period of time.

Product Benefits

• Death benefit payable will be 100% of Sum Assured, irrespective of survival benefits already paid plus accrued bonuses declared till death.
• Maturity benefit will be 40% of Sum Assured plus accrued bonuses declared till maturity.
• Cash back as a percentage of sum assured will be given as survival benefit.
• You are entitled to tax benefits under Section 80C, 80D and Section 10(10D) of Income Tax Act, 1961.
• Additional riders available.

Eligibility Details

Smart Lifestyle

This is a life insurance savings plan which provides increased protection along with regular bonuses and additions.

Product Benefits

• You are entitled to tax benefits under Section 80C, 80D and Section 10(10D) of Income Tax Act, 1961.
• Death benefit payable will be Sum Assured on Death + Accrued Bonuses and Additions + Terminal Bonus for the Base Option. For the Family Protection Option, it is Sum Assured on Death plus at the end of the policy term maturity benefit.
• Maturity benefit will be Sum Assured on Maturity + Loyalty Sum Assured on Maturity + Accrued Guaranteed Addition + Accrued Reversionary Bonus, if any + Terminal Bonus, if any.
• You will receive Bonuses and Guaranteed Additions every policy year which enhances the benefits.
• Additional Riders available.

Eligibility Details

Guaranteed Income Plan

This is an endowment assurance plan which offers guaranteed payouts and tax-free income.

Product Details

• Provides protection as well as security.
• You are entitled to tax benefits under Section 80C, 80D and Section 10(10D) of Income Tax Act, 1961.
• Death benefit payable will be highest of 10 times of annualized premium or 125% of annualized premiums till date of death or lump sum amount available at maturity.
• Maturity benefit will be 200% of the annual premium. This will be paid at the end of each year from 16th to 30th year from policy commencement.

Eligibility Details

Edelweiss Tokio Life – GCAP

This is an excellent guaranteed return plan which provides guaranteed accrual additions for maximizing your wealth.

Product Benefits

• You are entitled to tax benefits under Section 80C, 80D and Section 10(10D) of Income Tax Act, 1961.
• Death benefit payable will be sum assured with guaranteed accrual additions.
• Maturity benefit will be sum assured with cumulative guaranteed accrual additions & large premium benefit.
• Additional rider options available.

Eligibility Details

Dhan Labh Plan

This is an endowment plan with guaranteed returns. Under this plan, you have the option to select a higher additional benefit for higher annualized premium.

Product Benefits

• You are entitled to tax benefits under Section 80C, 80D and Section 10(10D) of Income Tax Act, 1961.
• Death benefit payable will be Sum Assured on Death plus Accrued Assured Additions, if any.
• Maturity benefit will be Sum Assured on Maturity (SAM) + Accrued Assured Additions.

Eligibility Details

POS Saral Nivesh Plan

This is an online endowment insurance plan which offers guaranteed returns and wealth accumulation.

Product Benefits

• Death benefit payable will be guaranteed death benefit, in case of death occurring within 90 days of policy inception. The nominee will receive 100% of the premiums paid till the date of death excluding service tax and cess.
• Maturity benefit will be the Guaranteed Maturity Benefit.

Eligibility Details

Single Pay Endowment Assurance Plan

This is a single pay endowment assurance plan designed specifically for wealth enhancement.

Product Benefits

• You are entitled to tax benefits under Section 80C, 80D and Section 10(10D) of Income Tax Act, 1961.
• Option to get cover till 70 years.
• Additional rider add-ons available.
• Death benefit payable will be a multiple of the single premium amount of the Sum Assured.
• Maturity benefit will be the guaranteed maturity benefit, depending on the option chosen.

Eligibility Details

Safe n Sure Plan

This is an endowment assurance plan which provides a substantial lump sum amount on maturity. With its money back facility, this is a suitable investment option for people who wish to remain invested with a reasonable degree of liquidity.

Product Benefits

• You are entitled to tax benefits under Section 80C, 80D and Section 10(10D) of Income Tax Act, 1961.
• Death benefit payable will be the Sum Assured.
• Maturity benefit payable will be the Sum Assured.
• Additional add-ons available.

Eligibility Details

Income Builder Plan

This is an endowment life insurance plan which provides guaranteed tax-free regular income.

Product Benefits

• Maturity benefit will be regular installments at regular intervals during the payout phase or as a regular plus lump sum where a substantial amount will be paid along with the last income instalment.
• Two options to select the plan, base or secured income.
• Under the base plan, maturity benefit is paid at the end of the policy period. It also provides life insurance and the guaranteed payout is completely tax-free.
• Under the secured plan, in case of critical illness, the Critical Illness Sum Assured will be payable on diagnosis of covered critical illness and Sum Assured on Death will be payable in case of death of the life insured with the policy term.
• Flexibility to select payout frequency.
• Additional rider options available.

Eligibility Details