Edelweiss Tokio Life Pension Plan

It is said that retirement is one of the best phases of everyone’s life. After working hard for decades, individuals can just sit back and relax and reap the rewards of all their work. However, this will not be possible unless they have saved up enough to not worry about money. Money is always required no matter how young or old a customer is and especially as one’s capacity to earn reduces, they will be forced to depend on the money that they have saved throughout their earning years. This is the reason people who start working are always asked to save up money for their golden years. There are numerous pension plans that individuals can avail of so as to ensure that they have enough savings left for them to enjoy their sunset years in peace.

Edelweiss Tokio Life Insurance offers a pension plan scheme for customers through which they can save up for a stable financial life in the future and also receive a lump sum benefit during maturity.

Eligibility Conditions for Edelweiss Tokio Life - Pension Plan

Minimum Age of Entry (last day of birth) 18 years to 65 years
Minimum Age of Maturity (last day of birth) 45 years
Maximum Age of Maturity (last day of birth) 75 years
Minimum Premium Amount For single pay, the amount is Rs. 108,125; Other Pay - Yearly - Rs. 4,898.50; Half-Yearly - Rs. 3000; Quarterly - Rs. 1500 and Monthly - Rs. 500
Minimum Sum Assured (amount payable at maturity) Single Pay - Rs. 1,25,000 Other Pay - Rs. 2,00,000
Maximum Sum Assured (amount payable at maturity) No Limit

Key Features of Edelweiss Tokio Life - Pension Plan

Plan Type Non-participating, Non-linked Retirement Solution
Plan Basis Individual
Maturity Benefits Assured sum along with accrued bonuses and accrued guaranteed additions will be provided.
Policy Tenure (PT) Single Pay, 5 Pay, Regular Pay - 10 years to 40 years 10 Pay - 11 years to 40 years
Premium Payment Tenure Single Pay, 5 Pay, 10 Pay, Regular Pay
Premium Payment Frequency Single, Yearly, Half-Yearly, Quarterly, Monthly
Death Benefit Payable
Loan Not Available
Free Look Period 15 days and if the policy is sold through distance marketing, then 30 days
Surrender Benefit Available
Tax Benefits Can be availed under Section 80CCC and Section 10(10A) of the Income tax Act, 1961.
Nomination Allowed
Assignment Allowed
Grace Period Not applicable for Single Pay, but for Other Pay, 30 day grace period is provided.
Rider(s) Available

Benefits of Edelweiss Tokio Life - Pension Plan

This Edelweiss Tokio Life - Pension Plan comes with a plethora of benefits. Some of these include -

  • In case of untimely demise of insured, his/her nominee will receive a death benefit which is a higher of total amount of all premiums paid excluding rider premium along with accrued guaranteed additions and accrued bonuses until death OR 105 percent of all premiums paid excluding rider premium.
  • On maturity of policy, assured sum along with accrued assured additions in addition to accrued bonuses.
  • Guaranteed addition is a benefit that is accrued to the plan on each anniversary during the first five policy years and will be paid on death or maturity, whichever is occurs early.
  • Compound Reversionary Bonus will accumulate from the 6th year of policy and will be paid on vesting or death, whichever is earlier.

Edelweiss Tokio Life - Pension Plan Riders

The following riders are available for the policy.

  • Edelweiss Tokio Life - Term Rider
  • Edelweiss Tokio Life - Critical Illness Rider

GST of 18% is applicable on life insurance effective from the 1st of July, 2017

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Plan Benefits

Payment Options

Policy Coverage

Customer Service

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Edelweiss Tokio Life Pension Plan Reviews

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  • Edelweiss Tokio
    "Good"
    0.5 4.0/5 "Great!"
    I do have a policy with EDELWEISS TOKIO LIFE INSURANCE and the total tenure period is 15 years. They are charging premium 20,000 rupees for a year. The payment mode is cash and its easy to pay it. The benefits are really good and opted for future savings.
    Was this review helpful? 0
    , visakhapatnam
    Reviewed on Sep 17, 2019
  • Edelweiss Tokio
    Edelweiss Tokio
    "Good growing company"
    0.5 4.0/5 "Great!"
    One of my friend is working edel weiss insurance and he has recommended me to take the term insurance policy with them. They have done all things on time and they have fixed an appointment for medical checked up. The coverage value is Rs. 1.5 crore and it covers upto 80 years. I have chosen the premium mode of monthly.
    Was this review helpful? 0
    , greater noida
    Reviewed on Jul 15, 2019
  • Edelweiss Tokio
    "So far good"
    0.5 4.0/5 "Great!"
    I have a health insurance with EDELWEISS TOKIO since 2014 because the premium is lower compared to others. I will get a msg before 10 days as a reminder for making the premium. The medical coverage is 7.5L and also accidental policy is covered for myself. They have more number of hospitals but have no claim.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jun 26, 2019
  • Edelweiss Tokio
    "Customer friendly"
    0.5 5.0/5 "Blown Away!"
    I took my life insurance with EDELWEISS TOKIO LIFE INSURANCE. The services are good, they have comparison study with different companies. They are providing a doorstep service and doing a comparison online. And they showed it lively to the customers. The benefits are good. The payment mode is convenient. I pay every month 11,200 rupees through online. The policy is for 7 years and the maturity period is 10 years.
    Was this review helpful? 0
    , chennai
    Reviewed on Nov 27, 2018
  • Edelweiss Tokio
    "Better Term Policy "
    0.5 5.0/5 "Blown Away!"
    `The EDELWEISS TOKIO LIFE INSURANCE company give very good service in terms of sending sms intimating the customer about the due dates. The customer support service is excellent with the EDELWEISS TOKIO LIFE INSURANCE company. I have the Life insurance policy with the Edelweiss for about 35 yrs.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Apr 05, 2018
  • Edelweiss Tokio
    "Good "
    0.5 4.0/5 "Great!"
    I am having the life insurance policy with the Edelweiss Tokio life insurance company. I would like to say that the coverage value is good and everything is fine one too. Customer service is better one with the Edelweiss tokio life insurance company.
    Was this review helpful? 0
    , bangalore
    Reviewed on Mar 03, 2018
  • Edelweiss Tokio
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    I do have life insurance policy with the Edelweiss lief insurance company and the customer service is far better, also I have experienced them as much good while compare with the other competitors in the market.
    Was this review helpful? 0
    , goa
    Reviewed on Oct 17, 2017
  • Edelweiss Tokio
    "Hamesa aapke saath"
    0.5 5.0/5 "Blown Away!"
    I have take a life insurance for my kids with EDELWEISS TOKIO LIFE INSURANCE. The insurance tenure is for 15 years and they secure the whole life of my kids even after the maturity period. In any time of my life,if any thing happens to me then the paid amount will be given to my family and can continue my insurance without any failure. One drawback regarding them is poor customer service.
    Was this review helpful? 0
    , allahabad
    Reviewed on Sep 23, 2017
  • Edelweiss Tokio
    "Easy process to buy insurance online"
    0.5 4.5/5 "Excellent!"
    I wanted a term plan and compared all plans available in the market. I bought edelweiss mylife+ online without any hassle. All process is easy and self explanatory. I am satisfied with the process and services offered by Edelweiss Tokio Life.
    Was this review helpful? 1
    , mumbai
    Reviewed on Aug 25, 2016
  • Edelweiss Tokio
    "Better policy"
    0.5 5.0/5 "Blown Away!"
    I have taken my life insurance from the Edelwiss tokio life insurance. I have taken a wealth builder plan from them. It covers accidental and hospital coverage. I only have to pay rupees 70 per month for this policy. I chose this policy only after looking into the coverage.
    Was this review helpful? 0
    , aurangabad
    Reviewed on May 26, 2016
  • Edelweiss Tokio
    "Good "
    0.5 4.0/5 "Great!"
    I do have the life insurance policy with the Edelweiss tokio life insurance company like its the term life insurance. Services are good with them and I dint found any issues with them. I am with them from the last five to six months of time.
    Was this review helpful? 0
    , bangalore
    Reviewed on Mar 25, 2016
  • Edelweiss Tokio
    "best"
    0.5 4.0/5 "Great!"
    In edelweiss tokoi life i have taken a term plan.We have to make the premium till our age of eight. Accidental and natural death coverage is been given.Policy coverage offered is one core. They are offering the premium waive off in case any unfortunate take place to the insurer. Payments can be done online.
    Was this review helpful? 0
    , vijayawada
    Reviewed on Nov 23, 2015
  • Edelweiss Tokio
    "Best in returns!!!"
    0.5 5.0/5 "Blown Away!"
    It is a fast growing company. Fund value is grown with this company. It is the best company to invest for ulip plan. I have taken this policy before three years and every year I will around 24% of returns which is good. With EDELWEISS TOKIO LIFE INSURANCE their service is proper. Premium amount is similar as like other company. Maturity is for 5 years I can also extend it for another 5 years. So it very good policy and we also get good returns.
    Was this review helpful? 0
    , mumbai
    Reviewed on Oct 23, 2015
  • Edelweiss Tokio
    "Good payment option"
    0.5 4.0/5 "Great!"
    I have selected EDELWEISS TOKIO LIFE INSURANCE because ICICI Executives recommended about this.I have taken a money back guarantee scheme with EDELWEISS TOKIO LIFE INSURANCE.Its basically a 20years plan and they have provided 10% as the interest for the and provide the amount after 4years.The payment option provided was really good.
    Was this review helpful? 0
    , bangalore
    Reviewed on Oct 16, 2015
  • Edelweiss Tokio
    "Good Benefits!"
    0.5 5.0/5 "Blown Away!"
    Premium of 25K is paid on yearly basis for the Edelweiss Tokio Life Insurance. The benefits are they are providing a good interest rate for the premium paid. The insurance tenure is of 10 years and I will be getting the money after maturity. There are additional benefits like accidental coverage .
    Was this review helpful? 0
    , bhubaneshwar
    Reviewed on Oct 14, 2015
  • Edelweiss Tokio
    "Need To Improve..."
    0.5 1.0/5 "Really Bad"
    It was a bad experience with edelweiss tokio term insurance. I applied for a policy through an online portal but they did not come up with their commitments so I canceled the same and took my money back. I did nit get any kind of response from them.
    Was this review helpful? 2
    , new delhi
    Reviewed on Sep 18, 2015
  • Edelweiss Tokio
    "Have invested in equity..."
    0.5 3.0/5 "Satisfactory"
    I have several life insurance plans and infact I have invested in equity. Whatever the amount that I am paying to Edelweiss Tokio Life insurance they deposit it in share market. My insurance coverage is of 4.20lakhs and that is for sure and I get 2.25lakhs after five years. Coverage is not that much appreciable.
    Was this review helpful? 0
    , nagpur
    Reviewed on Aug 11, 2015
  • Edelweiss Tokio
    "Go with edelweiss"
    0.5 4.0/5 "Great!"
    I took the term insurance from the edelweiss tokio life insurance company. Everything is good with them. The coverage is around 2 crores. All the things what I had with them is the risk coverage plan. So far I have not claimed anything. Experience is good with them and the documentation is also good.
    Was this review helpful? 1
    , pune
    Reviewed on Aug 01, 2015
  • Edelweiss Tokio
    "Pension plan "
    0.5 4.0/5 "Great!"
    I have recently taken a pension plan with Edelweiss tokio Life Insurance and the service provided is very good.This pension plan is for 15years and I pay around 24295Rs as the premium for this Insurance.They do provide coverage for 7Lakh in this Insurance and I do my premium payments through cheque.
    Was this review helpful? 0
    , rajkot
    Reviewed on Jul 24, 2015
  • Edelweiss Tokio
    "Good "
    0.5 3.5/5 "Pretty good"
    I have a Life Insurance with EDELWEISS TOKIO with which I got recently enrolled.Its basically a term Insurance and after reading the policy docs I felt the process is quite complicated and its a term Insurance were the benefits should go to my parents and they should not suffer in the last minute to complete the formalities of insurance.
    Was this review helpful? 2
    , pune
    Reviewed on Jun 04, 2015
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