• Investment
  • Car
  • Bike
  • Taxi
  • Term Life
  • Health
  • Travel

Edelweiss Tokio Life Traditional Plans

Established in 2011 as a joint venture between Edelweiss Financial Services, Mumbai, and Tokio Marine Holdings, Japan, Edelweiss Tokio is one of the fastest growing insurance companies in India. With a claim settlement ratio of 95.24%, Edelweiss Tokio Life Insurance has over 121 branches and 31,031 agents across India.

Types of Investment Plans offered by Edelweiss Tokio

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

Entry AgePolicy term : 16 20 25 30 Minimum : 14 years 14 years 13 years 12 years Maximum : 44 years 40 years 35 years 30 years
Maximum Maturity Age60 years
Policy TermMinimum : 16 years Maximum : 30 years
Premium Paying TermPolicy term: 16 20 25 30 Policy term: 16 20 25 30 Premium paying term: 12 years 16 years 20 years 24 years
Sum AssuredMinimum : ₹2.5 lakhs Maximum : no limit
Premium Payment FrequencyAnnual, semi-annual, quarterly and monthly

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

Entry AgeFor Base Option: Minimum – 1 years Maximum – 50 years For Family Protection Option: Minimum – 18 years Maximum – 40 years
Maximum Maturity AgeFor Base Option: Minimum – 18 years Maximum – 70 years For Family Protection Option: Minimum – 28 years Maximum – 60 years
Policy Term10 to 20 and 15 to 20
Premium Paying Term5|7|10|12 Years
Sum AssuredMinimum Sum Assured On Maturity: ₹1,00,000 Maximum Sum Assured On Maturity: No limit, subject to underwriting
Premium Payment FrequencyAnnual, semi-annual, quarterly and monthly

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

Entry AgeMinimum : 3 years Maximum : 50 years
Maximum Maturity AgeMinimum : 18 years Maximum : 65 years
Policy Term15 years
Premium Paying Term15 years
Sum AssuredMinimum : ₹ 4,83,630 Maximum : no limit
Premium Payment FrequencyAnnual

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

Entry AgeMinimum : 91 days Maximum : 55 years
Maximum Maturity AgeMinimum : 18 years Maximum : 70 years
Policy Term10, 15, 20, 25 and 30 Years
Premium Paying Term 5, 7, 10 and 12 years
Sum AssuredOn Death: Minimum: ₹1,65,000 Maximum: no limit On Maturity: Cumulative annualized premium = annualized premium X premium paying term
Premium Payment FrequencyAnnual, semi-annual, quarterly, monthly

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

Entry AgeMinimum : 91 days Maximum : 45 years
Maximum Maturity Age75 years
Policy Term15, 20, 25 and 30 Years
Premium Paying Term7, 10 and 12 years
Sum AssuredHigher of 10 times of annualized premium or sum assured on maturity or 105% of total premiums paid (excluding any underwriting extras, rider premiums, service tax and cess, if any) till date of death or any absolute amount assured to be paid on death.
Premium Payment FrequencyAnnual, semi-annual, quarterly and monthly

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

Entry AgeMinimum: 1 year Maximum: 50 years
Maximum Maturity AgeMinimum: 18 years Maximum: 65 years
Policy TermFor premium paying term of 5, 7 or 10 years : 10 to 20 years For premium paying term of 12 years : 12 to 20 years
Premium Paying Term5 | 7 | 10 | 12 years
Sum AssuredMinimum: ₹50,000 Maximum: ₹10 lacs
Premium Payment FrequencyAnnual and monthly payment

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

Entry Age
  • Minimum entry age with policy term 10 years: 8 years
  • Minimum entry age with policy term 15 years: 3 years
  • Maximum entry age with policy term 10 years and death benefit option a: 40 years
  • Maximum entry age with policy term 10 years and death benefit option b: 70 years
  • Maximum entry age with policy term 15 years and death benefit option a: 35 years
  • Maximum entry age with policy term 15 years and death benefit option b: 65 years
Maximum Maturity Age
  • Minimum maturity age: 18 years
  • Minimum maturity age with death benefit option a: 50 years
  • Minimum maturity age with death benefit option b: 80 years
Policy Term10 / 15 years
Premium Paying Termsingle pay
Sum Assured
  • Minimum with Option A: 4,00,000
  • Minimum with Option B: 50,000
Premium Payment FrequencySingle

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

Entry Age
  • Minimum : 5 years
  • Maximum : 55 years
Maximum Maturity Age80 years
Policy Term15/ 20/ 25 years
Premium Paying Term15 years
Sum Assured
  • Minimum : Rs.200000
  • Maximum : No limit
Premium Payment FrequencyAnnual, semi-annual, quarterly and monthly

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

Minimum Maturity AgeBase Option: 18 years Secured Income Option: 24 years
Maximum Maturity AgeBase Option: 67 years Secured Income Option: 62 years
Minimum Entry AgeFor policy term 6 years - 12 years For policy term 7 years - 11 years For policy term 8 years - 10 years For policy term 10 years - 8 years For policy term 12 years - 6 years Secured Income Option: 18 years
Maximum Entry AgeBase Option: 55 years Secured Income Option: 50 years
Policy Term Base Option:
  • Single Premium - 6 / 8 / 10 / 12 years
  • Regular Premium - 7 / 10 / 12 years
Secured Income Option: 7 / 10 / 12 years
Premium Paying TermSingle Premium: 1 year Regular Premium: Equal to policy term
Sum AssuredMinimum Sum Assured On Death
  • Single Premium: Rs. 1,10,000
  • Regular Premium: Rs. 3,00,000
Maximum: No limit, subject to board approved underwriting policy
Premium Payment FrequencyAnnually, Semi-annually, Quarterly and Monthly

How to apply for Edelweiss Tokio Life Traditional Plans?

Online Option

There are some plans which the company provides via the only mode only. To apply online, you need to register a login ID and password on the official website of the company. Once logged-in, you need to select a specific policy, coverage plan and fill in the application form. Post selection, you can make the premium payment via debit card/credit card/net banking.

Offline Application

You can purchase multiple plans of Edelweiss Tokio from banks, agents, brokers, branch and intermediaries.

FAQs on Edelweiss Tokio Investment Plans

Why choose Edelweiss Tokio Life Investment Plans?

Edelweiss Tokio offers a range of investment plans for individuals to choose from. Additionally, you can be assured of having the best of service available at hand.

Which is the best investment plan of Edelweiss Tokio Life Investment Plans of 2018?

The is no such single best investment plan of Edelweiss Tokio but there are multiple good plans in different categories which are unique in their own way.

How to pay premium? What are the modes of payment available?

You can pay the premium via online mode (debit card/credit card/net banking) or offline (Cash/Cheque/Demand Draft/IVRS/Money Order/ ECS/Branch Banking).

How can I check policy status for Edelweiss Tokio Life Investment Plans?

You can check the status of your Edelweiss Tokio Life Investment Plans by logging in with your registered ID/Password on the official e-Portal of Edelweiss Tokio. Once logged into your account, you can check the status of your policy.

Leave a rating!
5.0 (4 votes)