"Spending a whole day looking for insurance is fun," said nobody, EVER!
  • Edelweiss Tokio Life Single Pay Endowment Assurance Plan

    Edelweiss Tokio Life Insurance

    Edelweiss Tokio Life – Single Pay Endowment Assurance Plan is a single payment, endowment plan that offers guaranteed benefits for over ten years. The plan not only offers life cover but provides the insured a chance to build on their wealth.

    Eligibility Criteria of Edelweiss Tokio Life – Single Pay Endowment Assurance Plan

    Listed below is the eligibility criteria for Edelweiss Tokio Life – Single Pay Endowment Assurance Plan

    Eligibility factor Eligibility criteria
    Minimum age at the time of entry 8 years
    Maximum age at the time of entry 50 years
    Maximum age at maturity 60 years
    Policy term 10 years
    Premium payment term It is a single premium payment plan
    Minimum single premium amount Rs. 40,000
    Maximum single premium amount There is no cap on maximum premium payment
    Minimum basic sum assured Rs. 4,00,000
    Maximum basic sum assured No limit. Subject to underwriting

    Key features of Edelweiss Tokio Life – Single Pay Endowment Assurance Plan

    Listed below are the key features of Edelweiss Tokio Life – Single Pay Endowment Assurance Plan

    Type Endowment plan
    Basis Individual
    Policy terms 10 years
    Premium payment terms Single premium payment
    Premium payment mode Single premium payment at the beginning of the policy
    Death benefit In case of death of insured, sum assured will be paid in lump sum as death benefit. The sum assured payable is equal to ten times the single premium.
    Maturity benefit A guaranteed maturity benefit amount will be paid in lump sum as maturity benefit once the policy attains the date of maturity. The amount depends on the age, gender and premium band.
    Surrender value The policy can be surrendered after completion of one year.
    Free look period 15 days (30 days for distance marketing)
    Grace period Grace period is not applicable for this policy
    Policy cover Death benefit and maturity benefit
    Policy loan Loan facility is available under the policy once it attains surrender value
    Revivals/ Reinstatement Not applicable for this policy
    Nomination The insured can make a nomination any time before the maturity of the policy or the termination of the policy.
    Tax benefits The policy qualifies for tax benefits under section 80c of the Income Tax Act, 1961

    Benefits of Edelweiss Tokio Life – Single Pay Endowment Assurance Plan

    Listed below are the benefits of Edelweiss Tokio Life – Single Pay Endowment Assurance Plan

    • Death benefit - In case of death of insured, sum assured will be paid in lump sum as death benefit. The sum assured payable is equal to ten times
    • Maturity benefit - A guaranteed maturity benefit amount will be paid in lump sum as maturity benefit once the policy attains the date of maturity. The amount depends on the age, gender and premium band.
    • Tax benefits - Tax benefits are provided under various sections of the Indian Income Tax Act, 1961
    • Provides comprehensive cover of 10 times the single premium
    • Option to choose the wealth enhancement need
    • Offers loan facility
    • Edelweiss Tokio Life Insurance can be applied for online
    • Hassle free application process

    Riders for Edelweiss Tokio Life – Single Pay Endowment Assurance Plan

    Given below is a list of riders that can be added on to the policy in order to enhance its cover

    • Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider
    • Edelweiss Tokio Life - Accidental Death Benefit Rider
    • Edelweiss Tokio Life - Term Rider
    • Edelweiss Tokio Life - Critical Illness Rider
  • reTH65gcmBgCJ7k - pingdom check string.
    reTH65gcmBgCJ7k - pingdom check string.
    This Page is BLOCKED as it is using Iframes.