Edelweiss Tokio Life Investment Plans

What are Traditional / Investment Plans

Traditional plans, also called Conventional Insurance Plans are plans where money is invested as per the guidelines laid down in the Insurance Act. The whereabouts of the invested premium is not known to the policyholder. The policyholder is simply promised certain benefits payable on death, maturity or as money back. Traditional Investment Plans have some of the basic features which are mentioned below:

• These plans are issued for a longer term perspective and money cannot be withdrawn from the plans.

• In case of stopping the premium payment, the plan becomes paid-up if at least three full years’ premiums have been paid. A paid-up plan has a reduced Sum Assured and the policyholder has a choice to either run the plan at the reduced coverage or surrender the plan.

• The plans may be offered as participating or non-participating plans. Participating plans are entitled to participate in the company’s profits and earn bonuses which are not true for non-participating plans.

• The plans may be issued either as Endowment Plans or Money Back Plans

Edelweiss Tokio Life Traditional / Investment Plans

Edelweiss Tokio Life Insurance Company offers various types of Traditional / Investment Plans to its customers with attractive features and benefits. Here is the detailed list of plans along with their respective features and benefits.

1. Cashflow Protection Plus:

   • A traditional plan which can be availed by all lying between the ages of 91 days to 55 years. The maturity period of this plan is fixed at 100 years of age of the plan buyer.

   • At a minimum premium of Rs.9835 this plan gives a sum assured starting from Rs.2 lakhs. This plan offers guaranteed income till the age of 100 along with guaranteed money back and revisionary bonuses.

   • It also offers loan facilities and discounts for high sum assured amounts.

   • The plan offers guaranteed money back as well as non-guaranteed cash bonus.

   Eligibility:

   Parameters	Minimum	Maximum
   Age	91 days	55 years
   Maturity Age	Nil	100 years
   Premium Payment Term	10, 15, 20 and 25 years
   Premium Paying Mode	Yearly, Half yearly and monthly
   Premium Amount	Rs.9835
   Sum Assured	Rs.200000	No Limit
   Policy Term	100 years minus the age of the insured

2. Single Pay Endowment Assurance Plan:

   • A non-unit Linked insurance plan which offers life cover, flexible fund options along with guaranteed loyalty additions at the end of the maturity period.

   • A simple 10 year plan issued as a single premium pay plan which provides benefits of wealth enhancement along with risk protection.

   • A low allocation charge plan which offers flexibility to avail loans and also make policy withdrawals post completion of one year in case of financial emergencies.

   Eligibility:

   Parameters	Minimum	Maximum
   Age	8 years	50 years
   Maturity Age	Nil	60 years
   Premium Payment Term	Single Pay
   Premium Paying Mode	Once
   Premium Amount	Rs.40000	No Limit, subject to underwriting
   Sum Assured	Rs.400000	No Limit, subject to underwriting

3. Guaranteed Income Plan:

   • An endowment plan which offers maturity benefits along with additional benefits amounting up to 200% of all the premiums paid.

   • These benefits are released as a lump sum payment.

   • It also offers loan facilities in cases of financial emergencies along with riders to enhance protection.

   • Issued as a 15 year term policy this plan offers guaranteed income for the next fifteen years (post completion of the policy period).

   • It can be availed by all lying between the ages of 3 years to 50 years with a 15 year premium payment term.

   Parameters	Minimum	Maximum
   Age	3 years	50 years
   Maturity Age	18 years	65 years
   Premium Payment Term	15 years
   Premium Paying Mode	Annually
   Premium Amount	Rs 30,000 for ages 3 to 35 Rs 40,000 for ages 36 to 40 Rs 50,000 for ages 41 to 45 Rs 60,000 for ages 46 to 50
   Sum Assured	Rs.483630	No Limit, subject to underwriting
   Policy Term	15 years
   Payout Period	16th to 30th year from the plan issuance date

4. Save n Prosper:

   • An endowment plan which not only offers profits but also provides the buyer with tax benefits (equivalent to sum assured and bonuses), additional discounts and bonuses (up to 90% of the surplus).

   • The plan offers flexible policy term as well as flexible premium payment terms.

   • It also offers loan facilities in cases of financial emergencies along with riders to enhance protection.

   • It can be availed by all lying between the ages of 3 years to 50 years for a period of 15 to 30 years.

   Eligibility:

   Parameters	Minimum	Maximum
   Age	3 years	50 years
   Maturity Age	18 years	65 years
   Premium Payment Term	10, 15 or regular pay
   Premium Paying Mode	Yearly, Half yearly, quarterly and monthly
   Premium Amount	Rs.5824 for annual premiums  Rs.3000 for Semi-annual premiums, Rs.1750 for Quarterly premiums Rs.600 for Monthly premiums
   Sum Assured	Rs.200000	No Limit, subject to underwriting
   Policy Term	15 to 35 years
   Premium Modal Factor	Annual-100%  Semi-annual – 51.2%, Quarterly – 26.0% Monthly – 8.8%

5. Safe n Sure:

   • An endowment plan which offers guaranteed benefits at the end of the maturity period.

   • It also offers loan facilities in cases of financial emergencies along with discounts.

   • It can be availed by all lying between the ages of 5 years to 55 years for a policy period of 15, 20 or 25 years as a 15 year premium pay plan.

   Eligibility:

   Parameters	Minimum	Maximum
   Age	5 years	55 years
   Maturity Age		80 years
   Premium Payment Term	15 years
   Premium Paying Mode	Yearly, Half yearly, quarterly and monthly
   Premium Amount	Rs.7326 for annual premiums  Rs.4000 for Semi-annual premiums, Rs.2500 for Quarterly premiums Rs.1000 for Monthly premiums
   Sum Assured	Rs.200000	No Limit, subject to underwriting
   Policy Term	15, 20 and 25years

6. Milestones Plan:

   • A non-linked insurance plan which offers money back benefits at specific intervals as decided by the buyer.

   • It offers larger payouts by ways of guaranteed benefits along with additional bonuses at the end of maturity of the policy.

   • It also offers discounts along with riders to enhance protection.

   • Offers regular payouts at predetermined intervals.

   • It can be availed by all lying between the ages of 12 years to 44 years for a policy period of 16, 20, 25 or 30 years as a 12, 16, 20 or 24 years premium pay plan.

   Eligibility:

   	Policy Term
   	16 year	20 year	25 year	30 years
   Minimum Age	14 years	14 years	13 years	12 years
   Maximum Age	44 years	40 years	35 years	30 years
   Maximum Maturity Age	60 years	60 years	60 years	60 years
   Premium Payment Term	12 years	16 years	20 years	24 years
   Minimum Sum Assured	Rs.250000
   Maximum Sum Assured	No Limit, subject to underwriting
   Premium Payment modes	Yearly, half-yearly and monthly

   

7. Wealth Builder:

   • A non-linked insurance plan which offers the dual benefits of protection along with savings thus protecting the buyer’s family at difficult times.

   • It offers guaranteed benefits which are given upfront.

   • The plan offers flexible policy term as well as flexible premium payment terms.

   • It also offers loan facilities in cases of financial emergencies along with discounts.

   • It can be availed by all lying between the ages of 91 days to 55 years for a policy period of 10, 15, 20, 25 or 30 years

   Eligibility:

   Parameters	Minimum	Maximum
   Age	91 days	55 years
   Maturity Age	18 years	70 years
   Premium Payment Term	5 years, 7 years, 10 years and 12 years
   Premium Paying Mode	Yearly, Half yearly  and monthly
   Premium Amount	Rs.15000 for annual premiums  Rs.8000 for Semi-annual premiums, Rs.1500 for monthly premiums
   Sum Assured ( maturity)	Cumulative Annualized Premium
   Sum Assured (Death)	Varies depending upon the premium payment term
   Policy Term	10, 15, 20, 25 and 30 years

8. GCAP:

   • A non-linked insurance plan which offers the dual benefits of maturity as well as death benefits along with accrued guaranteed additions and the guaranteed benefits which are given upfront.

   • The plan offers flexible policy term as well as flexible premium payment terms.

   • It also offers loan facilities in cases of financial emergencies along with discounts.

   • It can be availed by all lying between the ages of 91 days to 55 years for a policy period of 10, 15, 20, 25 or 30 years.

   • In case of death, higher of the Sum assured or 11 times the annual premium (for5, 7 or 10 pay) or 13 times of the annual premium (for 12 pay) is paid including the Guaranteed Additions subject to a minimum of 105% of all premiums paid till the date of death.

   Eligibility:

   Parameters	Minimum	Maximum
   Age	91 days	55 years
   Maturity Age	18 years	70 years
   Premium Payment Term	5 years, 7 years, 10 years and 12 years
   Premium Paying Mode	Yearly, Half yearly, quarterly  and monthly
   Premium Amount	Rs.15000 for annual premiums  Rs.8000 for Semi-annual premiums, Rs.4000 for quarterly premiums Rs.1500 for monthly premiums
   Sum Assured ( maturity)	Cumulative Annualized Premium
   Sum Assured (Death)	Rs.165000	No Limit
   Policy Term	10, 15, 20, 25 and 30 years

9. DhanLabh:

   • A non-participating insurance plan which offers maturity benefits as well as death benefits with the option of limited premium payment.

   • Offers guaranteed additions from 13^th year of commencement of the policy.

   • It also offers loan facilities in cases of financial emergencies along with riders to enhance protection.

   • The plan offers flexible policy term as well as flexible premium payment terms.

   • It can be availed by all lying between the ages of 91 days to 45 years for a policy period of 15, 20, 25 or 30 years as a limited pay plan.

   • In case of death, higher of the Sum assured or 10 times the annual premium is paid including the Guaranteed Additions subject to a minimum of 105% of all premiums paid till the date of death.

   Eligibility:

   Parameters	Minimum	Maximum
   Age	91 days	55 years
   Maturity Age	18 years	70 years
   Premium Payment Term	7 years, 10 years and 12 years
   Premium Paying Mode	Yearly, Half yearly, quarterly  and monthly
   Premium Amount	Annual premiums: Rs.7500 for 7 pay and Rs.5000 for 10 or 12 pay Semi-annual premiums: : Rs.4000 for 7 pay and Rs.3000 for 10 or 12 pay Quarterly premiums: : Rs.2000 for 7 pay and Rs.1500 for 10 or 12 pay Monthly premiums: : Rs.1000 for 7 pay as well as for 10 or 12 pay
   Sum Assured ( maturity)	Annualized Premium * PPT + added benefits( if any)
   Sum Assured (Death)	Rs..55000	No Limit
   Policy Term	15, 20, 25 and 30 years

10. DhanNiveshBimaYojana

    • An endowment plan which offers enhanced returns on maturity.

    • Issued at a single premium plan is issued for a period of 10 years to all people lying between the ages of 18 to 45 years

    • Offers additional financial security as well as 100% of the sum assured as a lump sum amount in case of accidental death.

    Eligibility:

    Parameters	Minimum	Maximum
    Age	18 years	45 years
    Maturity Age	28 years	55 years
    Premium Payment Term	Single Pay
    Premium Paying Mode	Once
    Premium Amount	Rs.1000	Rs.5000(Option A) Rs.2500(Option B)
    Sum Assured	Rs.50000	Rs.25000
    Policy term	10 years

11. Edu Save Plan:

    • An insurance plan which not only protects the child’s future but also provides funds at times of need.

    • This plan guarantees continued benefits even after the death of the plan buyer along with waiver of future premiums.

    • It also offers the option of yearly payouts, additional bonus payout.

    • The plan offers additional riders in order to enhance protection as well as a loan facility against one’s policy in case of financial emergencies.

    Eligibility:

    Parameters	Minimum	Maximum
    Age	18 years	45 years
    Maturity Age	Nil	60 years
    Premium Payment Term	Regular Pay, 10 pay and policy term minus 5 years pay
    Premium Paying Mode	Once
    Premium Amount	Rs.6968	Rs.6968
    Sum Assured	Rs.225000	No Limit, subject to underwriting

Applying for a Traditional / Investment Plan from the company:

Online:

The company offers specific plans which are available online only. The customer only needs to log into the company’s website, choose the required plan, choose the coverage and provide the details. The premium will be determined using the filled details. The customer then needs to pay the premium online through credit card, debit card or net banking facilities and the policy will be issued

Intermediaries:

Plans which are not available online can be purchased from agents, brokers, banks, etc. where the intermediaries help with the application process.

Applying For Traditional Insurance through PolicyBazaar

• On the PolicyBazaar homepage, click on Traditional Insurance under the Personal tab.

• Click New Quotes to compare and choose from top insurance providers.

• Fill your date of birth (DOB), whether you are a smoker/non-smoker, and the payout amount. On the basis of your payout amount, you will get an estimate of your premium. Next click Continue.

• Fill in your name, email address, city, country code, and mobile number. Click Continue.

• You will be taken to the Life Insurance quotes page where you will see life insurance quotes of more than 10 insurers. Next, choose the plan as per payment schedule – One Time Payout and Monthly Payout Plans.

• After reviewing and comparing each life insurance quote, click the premium amount to buy the desired plan.

• You will see a pop-up on the screen which will give you an overview of the chosen plan like premium, plan features, exclusions, additional riders, etc. Click Proceed.

This will take you to the insurer’s website. Fill in the necessary details to buy the plan.

To know about Pension Plans check at Edelweiss Tokio Pension Plans

Edelweiss Tokio Life Investment Plans - FAQs