Edelweiss Tokio Life Insurance Company Limited is a joint venture between one of India’s leading financial services provider, Edelweiss Financial Services and Tokio Marine Holdings Inc, a Japanese insurance behemoth! Together, they started operations in 2011 and in a quick time have been able to become an important player in the insurance sector. With presence in 50 cities and having a branch network of 70 branches, they are not only increasing their employee base to have an expert team of advisors, but also the number of products to offer to their customers and cater to every insurance and investment requirement.
The company offers traditional as well as unit-linked plans for maximum insurance coverage as well as income generation opportunities to help customers live a worry-free post-retirement life. There are a number of features and benefits offered under various pension plans to choose from that offer regular income as well as flexibility to select from multiple annuity options. All in all, the plans provide wholesome life cover with added benefit of being financially secure.
Total premiums paid compounded monthly at 1% p.a. interest plus accrued guaranteed additions plus accrued bonuses till the death of death, OR
105% of all premiums paid till the date of death
Upon death of the policyholder, the nominee shall have the option to
Min-Max Entry Age | 18-65 years |
Min-Max Maturity Age | 45-75 years |
Premium Paying Term | Single Pay, 5 Pay, 10 Pay, Regular Pay |
Policy Term | 10 Pay: 11 to 40 years | Others: 10 to 40 years |
Premium Paying Frequency | Single, Yearly, half-yearly, quarterly or monthly |
Min Sum Assured | Single Pay: Rs. 1,25,000 | Other Pay: Rs. 2 lakhs |
Max Sum Assured | No limit |
Riders: The plan offers following two riders to select from at an additional premium cost:
Single Annuity Options:
Joint Life Annuity Options:
Purchase Price : Additional Annuity Benefit (added to annuity rate)
Min-Max Entry Age | 18-85 years |
Premium Paying Term | Single |
Min-Max Premium/Purchase Price | Rs. 1 lakh- No Limit |
Fund value, or
Assured Benefit, or
105% of all premiums paid till the date of death
Here the assured benefit is 101% of all premiums paid till date of death
The nominee will also have the option to:
Fund value at maturity, or
Assured benefit (assured benefit is 101% of all premiums paid till maturity)
When the policyholder reaches the pre-decided vesting age, following options are made available:
Single Pay : 4%
Limited & Regular Pay : 4.75%
Fund Name : Risk Level
Pension Growth Fund : Medium to High
Pension Secure Fund : Low
There’ll be automatic re-allocation of money in the fund to optimize the retirement needs. This shall also help to manage the risks associated with investment in funds
Min-Max Entry Age | 18-75 years |
Min-Max Maturity Age | 45-85 years |
Min-Max Policy Term | 10-67 years |
Premium Paying Term | Single Pay, 5 pay, 10 Pay, Regular Pay |
Premium Payment Frequency | Single or Yearly, half-yearly, quarterly or monthly |
Min Premium | Single Pay: Rs. 45,000 | Limited/Regular Pay: Rs. 15,000(Yearly) |