Edelweiss Life Insurance Flexi-Savings Plan

Eligibility Criteria for Edelweiss Life Insurance Flexi-Savings Plan

Features of Edelweiss Life Insurance Flexi-Savings Plan

Here are the key features of the Edelweiss Life Insurance Flexi-Savings Plan:

• Choice of three plan options
• Income starts as early as the 2nd policy year
• Guaranteed Income and Guaranteed Lumpsum (depending on option)
• Reversionary Bonus and Terminal Bonus participation
• Option to accumulate survival benefits at 2% guaranteed rate plus declared bonus rate
• Life Cover Continuation Benefit beyond maturity

This structure allows you to customize your income timing and payout structure under this Edelweiss Life savings policy.

Benefits of Edelweiss Life Insurance Flexi-Savings Plan

Below are the core benefits available under the Edelweiss Life Investment Plan:

1. Death Benefit

   The Death Benefit payable under all plan options includes:

   • Sum Assured on Death (SAD)
   • Accrued Reversionary Bonus, if any
   • Terminal Bonus, if declared

   Sum Assured on Death equals 7 times the Annualized Premium. It increases every policy year starting from the 2nd policy year by an absolute amount derived from the difference between Sum Assured on Maturity and 7 times Annualised Premium divided by (Policy Term – 1).

2. Flexi-Income Plan Option

   Under this option, the Survival Benefit is paid annually from the chosen Income Start Year (2nd year, 5th year, or PPT+1 year).

   Regular income includes:

   • Guaranteed Income
   • Cash Bonus, if declared
   • Reversionary Bonus payout (not applicable for Income Start Year 2)

   Guaranteed Income is payable annually after completion of the Premium Paying Term till maturity or death.

   Maturity Benefit = Sum Assured on Maturity + Accrued Reversionary Bonus + Terminal Bonus (if declared).

3. Flexi-Income PRO Plan Option

   This option provides:

   • Regular annual income
   • Guaranteed Lumpsum every 5 years
   • Guaranteed Income from 31st policy year onward (not applicable for PT 30 years)

   Guaranteed Lumpsum varies by PPT and Income Start Year and is expressed per ₹1,000 of Sum Assured on Maturity.

4. Large Sum Plan Option

   There is no Survival Benefit under this option.

   Maturity Benefit includes:

   • Sum Assured on Maturity
   • Loyalty Sum Assured on Maturity
   • Accrued Reversionary Bonus
   • Terminal Bonus

   Loyalty Sum Assured ranges from 1% to 75% of Sum Assured on Maturity, depending on PPT and PT.

   Because of its structured income, lump sum payouts, and bonus participation, this plan is evaluated among the best investment plans in India for long-term savings with flexibility.

Riders Under Edelweiss Life Insurance Flexi-Savings Plan

The following riders are available under this plan:

• Edelweiss Life Accidental Death Benefit Rider
• Edelweiss Life Accidental Total and Permanent Disability Rider
• Edelweiss Life Critical Illness Rider

These riders can be added at inception or policy anniversary, subject to underwriting.

Policy Details of Edelweiss Life Insurance Flexi-Savings Plan

Here are the policy details of the plan:

1. Grace Period

   15 days for the monthly mode and 30 days for other modes.

2. Revival

   The policy can be revived within five consecutive years from the date of the first unpaid premium.

3. Free Look Period

   30 days from receipt of the policy document.

4. Surrender

   Surrender value is payable upon the policy's acquisition of surrender value, as per the plan terms.

5. Loan

   A loan facility is available once the policy has acquired surrender value.

Exclusions Under Edelweiss Life Flexi Savings Plan

Suicidal Cover

If death due to suicide occurs within 12 months from commencement or revival, the payout equals 80% of Total Premiums Paid (commencement) or Total Premiums Paid (revival). The policy terminates thereafter.