Guaranteed Tax Savings
Under sec 80C & 10(10D)Life Cover
10 times of Annual PremiumZero LTCG Tax
Unlike 10% in Mutual Funds*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Edelweiss Tokio Life Wealth Accumulation (Accelerated Cover) is a Unit Linked Insurance Plan which provides growth potential through participation in capital markets and also life insurance cover.
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
5 years |
65 years |
Maturity Age (Last Birthday) |
18 years |
75 years |
Policy Term (PT) in years |
10 |
30 |
Premium Paying Term (PPT) in years |
5 / 7 / 10 Pay or equal to policy term |
|
Premium paying Frequency |
Annual, half-yearly, quarterly, monthly |
|
Yearly Premium |
25,000 |
No limit |
Sum Assured |
Higher of 10*annual premium or 0.5*term*annual premium for ages<45 years and higher of 7*annual premium or 0.25*term*annual premium for ages>=45 years |
25*annual premium for ages<45 years or 20*annual premium for ages>=45 years |
Grace Period: 15 days grace period is allowed for monthly mode and 30 days for other modes of premium payment after which policy lapses
Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges
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.
The benefit paid in case of suicide within 12 months of policy inception or revival is the fund value as on that date.
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history and submit KYC documents.