Introduction/Overview
Edelweiss Tokio Life Cash Income Plan is a traditional Whole life plan which provides guaranteed benefits, monthly cash inflows in the golden years and also life insurance protection till age 100 years.
Peaceful Post-Retirement Life
Tax Free Regular Income
Wealth Generation to beat Inflation
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
91 days |
50 years |
Maturity Age (Last Birthday) |
- |
100 years |
Policy Term (PT) in years |
100 – Entry Age |
|
Premium Paying Term (PPT) in years |
20 |
|
Premium Paying Frequency |
Annual, Half-yearly, monthly |
|
Yearly Premium |
25,000 |
No limit |
Sum Assured |
265,000 |
No limit |
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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 – Survival Benefits already paid
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 policy provides loan facility of up to 90% of the Surrender value
The following riders are available under the plan:
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
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.
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
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