Terms & Conditions
  • *T&C Applied. Returns guaranteed by the Insurer as per the Insurance Plans.
  • **Returns guaranteed by the insurer
  • *** Tax adjusted Returns - assuming 30% tax bracket

Edelweiss Tokio Life Dhan Nivesh Bima Yojana Plan

*Please note that the quotes shown will be from our partners


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.

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


  • 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:




Entry Age (Last Birthday)

18 years

45 years

Maturity Age (Last Birthday)

28 years

55 years

Policy Term (PT) in years


Premium Paying Term (PPT) in years

Single Pay

Yearly Premium



Sum Assured




Policy Details

Grace Period: grace period is not applicable

Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy from the 2nd 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.


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.

fixed deposit with life cover
Written By: PolicyBazaar - Updated: 16 March 2016