Edelweiss Tokio Life Cashflow Protection Plus Plan

Edelweiss Tokio Life Cashflow Protection Plus is a traditional savings plan providing income and savings till age 100 years so that the policyholder does not have to worry about his financial stability post retirement.

Key Features

  • This plan is a participating traditional Endowment plan with limited premium payment term
  • The individual is covered up to age 100 years
  • The plan promises Reversionary Bonuses, Money Back and Cash Bonuses

Benefits

  • Reversionary bonus accrue every year during the PPT and is paid at the end of the PPT or on death during the PPT
  • A regular annual payout called the Money Back benefit @ 5.5%of the SA on Maturity is paid form one year after the completion of the PPT till maturity or death
  • Cash Bonus is payable every year post the PPT along with the money back payouts
  • If the policyholder survives till maturity, i.e. till age 100 years, Sum Assured on Maturity + Terminal Bonus, if any is paid
  • On death during the PPT, Sum Assured on death + accrued bonuses is paid and if death happens post PPT, Sum Assured on death is payable
  • SA on death is higher of 11 times the annual premium or minimum guaranteed SA on Maturity subject to a minimum of 105% of all premiums paid till death
  • If the life assures is less than 5 years, risk starts 1 yr. 11 months post commencement and death benefit payable will be 105% of all premiums paid till the attained age is 5 years
  • Income tax benefit under Sections 80C and 10(10D) for premiums paid and claims received respectively

Product Specification:

 

Minimum

Maximum

Entry Age (Last Birthday)

91 days

55 years

Maturity Age (Last Birthday)

-

100 years

Policy Term (PT) in years

100 – Entry Age

Premium Paying Term (PPT) in years

10, 15, 20, 25

Premium Paying Frequency

Annual, Half-yearly, monthly

Yearly Premium

9835

No limit

Sum Assured

200,000

No limit

Details about Premium

Premium in Rupees for a male with SA – 500,000

Age / PPT (yrs.)

10

15

20

25

30

78,450

48,895

35,295

27,535

40

80,265

49,575

36,000

28,590

50

86,065

50,730

38,380

-

Policy Details

  • Grace Period: 30 days’ grace period is allowed for premium payment in all modes
  • Policy Termination or Surrender Benefit: the policy can be surrendered anytime if 3 full years’ premiums have been paid. The Surrender value will be higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV)
  • GSV = (% of all Premiums paid – 50% of the Survival Benefits already paid) + (% of accrued bonuses)
  • 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.

Inclusions

The policy provides loan facility of up to 90% of the Surrender value

Additional Features or Riders

  • Discounts in premium for large SA on Maturity chosen
  • Lower premium rates for female lives
  • Premium discount for buying the plan online @ 3%
  • The following riders are available under the plan:
  • Edelweiss Tokio Life Accidental Death Benefit Rider
  • Edelweiss Tokio Life Accidental Total and Permanent Disability Rider
  • Edelweiss Tokio Life Term Rider
  • Edelweiss Tokio Life Critical Illness Rider
  • Edelweiss Tokio Life Waiver of Premium Rider
  • Edelweiss Tokio Life Payor Waiver Benefit Rider

Exclusions

In case of suicide within 12 months from inception, total premiums paid is returned and within 12 months of revival, higher of 80% of total premiums paid or acquired Surrender Value is paid to the nominee

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 0 Reviews)
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Edelweiss Tokio Life Cashflow Protection Plus Plan Reviews & Ratings

0 / 5 (Based on 7 Reviews)
(Showing Newest 7 reviews)
Parul
Punjab, August 02, 2021
Inexpensive term plan
My friend is 30 year old and I am 25 years old and noticed a difference in our term plan price. I visited Policybazaar and read some blogs there. I found out that term plans are cheaper if you buy at young age. I am glad to buy this plan at the right time.
Amrita
Chail, August 02, 2021
Tax savings
I recently bought a term insurance policy from the website of Policybazaar. My plan has amazing features and some additional benefits due to an addon. The best part is I can also enjoy a tax rebate. I am so glad to buy this plan.
Pratap
Niwari, August 02, 2021
Purchased Online
My friend asked me to buy a term insurance plan online as it is cheaper and more convenient. I visited the website of Policybazaar and bought a term policy which offers great benefits at cheap rates. My online experience has been great. Thank you team.
Anurag
Modinagar, August 02, 2021
Protection against COVID
The pandemic had me worrying about the future of my family in my absence. I have been searching for a pure insurance policy to safeguard my family against any eventuality. With the help of Policybazaar now I my family is secure as a bought a specialized term plan made to help family of the policyholder.
Kashish
Meerut, August 02, 2021
Best customer service
I did not understand much about insurance but I knew one thing that I needed to secure the future of my family. I took help from the team of Policybazaar and they suggested me what would be best for me. I am happy with my plan. Thank you so much team.
Komal
Palwal, August 02, 2021
Huge coverage
I recently bought a term plan from the website of Policybazaar and I am happy with the product. I got a higher coverage term plan with additional benefits and at cost effective price. Now I am worry free for the future security of my family in my absence. Thanks.
Harisha
Gurgaon, August 02, 2021
Quick to buy
My friend suggested me to buy a term insurance plan online. I visited the website of Policybazaar and it took me about half an hour or maybe less to buy the plan online. The experience was smooth and I am happy with my plan. Kudos team.
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