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. Edelweiss Tokio Life launches My Life+
On maturity, Initial SA + accrued bonuses is paid On death, SA as on date of death + accrued bonuses is paid The SA will always be higher of 10 times the annual premium or 105% of all premiums paid or minimum guaranteed SA on maturity or the increased SA Income tax benefit under Sections 80C and 10(10D) for premiums paid and claims received respectively
Details about Premium Premium in Rupees for a male for a term of 20 years and SA – 250,000 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 2 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) + (% of accrued bonuses) SSV = (Paid-up SA + Bonus) * SSV Factor 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 valu Additional Features or Riders Discounts for choosing higher SA levels Lower premium rates for female lives 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 Edelweiss Tokio Life Hospital Cash 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
Introduction/Overview Edelweiss Tokio Life Save n Prosper (WA) is a traditional Endowment Assurance plan with savings and protection benefits for a complete financial tool. Key Features This plan is a participating traditional Endowment plan with regular and limited premium payment term The SA increases form the 6th policy year to 10th policy year @ 5% p.a. simple rate
