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Edelweiss Tokio Life Immediate Annuity Plan
Edelweiss Tokio Life Immediate Annuity Plan is a traditional pension plan providing annuity payouts immediately after paying the lump sum payment to ensure regular cash inflows even after retirement for a worry-free life.
Get Guaranteed Lifelong Pension
For You And Your Spouse
Invested amount returned to your nominee
Pension Options
-
Invest ₹20k monthly & Get yearly pension of ₹4.2 Lacs for Life
Guaranteed Return For Life
-
Multiple Annuity Options
- 4.8++ Rated
- 12.02 Crore Registered Consumer
- 51 Partners Insurance Partners
- 5.9 Crore Policies Sold
We are rated++
12.02 Crore
Registered Consumer
51
Insurance Partners
5.9 Crore
Policies Sold
Get Guaranteed Lifelong Pension^^
For You And Your Spouse
For You And Your Spouse
Invested amount returned to your nominee
-
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Pension Plans
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Edelweiss Tokio Pension Plans
- Edelweiss Tokio Life Immediate Annuity Plan
Key Features
- It is an Immediate Annuity Plan with single premium option where the annuity starts immediately after premium payment from the next chosen date
- The annuity options can be chosen for a single life (policyholder) or for joint life (policyholder and spouse)
- The annuity options are:
- Life Annuity
- Lifetime Annuity with Return of 100% of Purchase Price
- Life Annuity guaranteed for 5/10/15 or 20 years
- Life Annuity increasing at a simple rate of 3% or 5% p.a.
- Joint Life Last Survivor
- Joint Life Last Survivor with 50% annuity
- Joint Life Last Survivor with Return of Purchase Price on last death
Benefits
- Annuity payouts will be paid as per the frequency chosen immediately after the premium paid
- Income tax benefit on the premium paid as per Section 80CCC of the Income Tax Act.
Product Specification:
|
|
Minimum |
Maximum |
|
Entry Age (Last Birthday) |
45 years |
85 years |
|
Purchase Price |
100,000 |
No limit |
|
Yearly Annuity Payout |
Depends on the purchase price and the entry age |
|
|
Annuity payout Frequency |
Monthly, quarterly, half-yearly, yearly |
|
Read Also: Different Types of Annuity
Policy Details
Grace Period: Grace period is not applicable.
Policy Termination or Surrender Benefit: there is no Surrender Value under the plan.
Free Look Period: the free look period is not applicable under the plan.
Inclusions
- Loan is not available under the plan.
Additional Features or Riders
- The annuity rates are higher for female lives.
- Higher annuity rates for Purchase price range of 3 lakhs and above.
People also read: best retirement plan
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.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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