Edelweiss Tokio Life Dhan Nivesh Bima Yojana Plan

Introduction/Overview
Edelweiss Tokio Life Dhan Nivesh Bima Yojana is a traditional Endowment micro insurance plan designed for rural population which provides life insurance coverage and savings facility at low rates.

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Save Upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD+

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Get Guaranteed returns along with life cover

invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*

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6.7 Crore

Registered Consumers

Insurance Partners

3.4 Crore

Policies Sold

Key Features

It is a Single Premium plan with low premiums
Guaranteed Maturity and /or death benefits depending on the amount of premium invested
There are 2 death benefit options of A and B

Benefits

On death, under Option A, 5 times the Single premium is paid and under Option B, 10 times the Single premium is paid to the nominee
On maturity, guaranteed benefit of 2 * single premium for ages 18-35 yrs., 1.90 * single premium for ages 36-40 yrs. and 1.80*single premium for ages 41-45 years is paid under Option A
Under Option B, 1.86 * Single premium for ages 18-35 yrs. and 1.66*single premium for ages 36-40 years is paid
Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Product Specification:

	Minimum	Maximum
Entry Age (Last Birthday)	18 years	45 years
Maturity Age (Last Birthday)	28 years	55 years
Policy Term (PT) in years	10
Premium Paying Term (PPT) in years	Single Pay
Yearly Premium	1000	5000
Sum Assured	5000	25,000

Policy Details

Grace Period: grace period is not applicable

Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy from the 2^nd policy year. The Surrender Value will be calculated as a % of the Maturity Benefit ranging from 46% - 92% depending on the year of Surrender

Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Exclusions

In case of suicide committed within one year of policy issuance, 90% of the single premium paid is refundable.

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
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