Edelweiss Tokio Life Income Replacement is a term insurance plan which aims to replace the income inflows post the policyholder’s death by providing the death benefit in monthly instalments.
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
18 years |
60 years |
Maturity Age (Last Birthday) |
28 years |
70 years |
Policy Term (PT) in years |
10 |
30 |
Premium Paying Term (PPT) in years |
Single Pay, 5 Pay, 10 Pay, 15 Pay, Regular Pay |
|
Premium Paying Frequency |
Annual |
|
Yearly Premium |
Depends on age, Sum Assured, term and PPT |
|
Minimum Monthly Benefit |
15,000 |
No limit |
Sum Assured |
Monthly Benefit amount * 12 * term |
Annual premium in Rupees for a non-smoker for a 25 year term with a Monthly Benefit of Rs.25, 000
Age/PPT (yrs.) |
Single Pay |
5 Pay |
10 Pay |
15 Pay |
Regular Pay |
30 |
79,885 |
18,510 |
10,743 |
8180 |
6618 |
35 |
105,585 |
24,275 |
13,963 |
10,560 |
8310 |
40 |
147,945 |
33,913 |
19,463 |
14,688 |
11,595 |
The plan offers the following Riders for additional protection:
In case of suicide committed within 12 months of policy inception or revival the policy becomes void and no benefit is payable.
Policyholder has to fill up an ‘Application form/ proposal form’ online and provide self-attested copies of KYC/AML Documents.
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