Edelweiss Tokio Life is an insurance company that offers various kinds of insurance plans. The company not only offers pure term insurance plans but also offers other insurance plans that focus on helping you save up for your retirement and accumulate wealth. Edelweiss Tokio Life Savings Plans not only offers life cover but also helps you build on your savings simultaneously.
Why choose Edelweiss Tokio Life Savings Plans?
Edelweiss Tokio Savings Plan schemes is divided into two categories- Wealth Enhancement Plans and Wealth Management Plans. These plans are designed to ensure that you get the double benefit of savings and protection at the same time. These plans are easy to apply for and are flexible in terms of premium payment. Listed below are the types of Edelweiss Tokio Savings Plans.
Wealth Enhancement Plans
Listed below are the Wealth Enhancement Plans under Edelweiss Tokio Savings Plans.
Edelweiss Tokio Life – Dhan Nivesh Bima Yojana
This is an endowment insurance plan that is specially designed for individual who prefer to pay low premium.
- In case of accidental death of insured, 100% of the rider sum assured is paid to the nominee as death benefit
- Guaranteed maturity benefit will be paid in case of survival at the end of the policy
Edelweiss Tokio Life – Wealth Enhancement Ace(ULIP)
It is a unit linked insurance plan that helps you maximise your returns along with providing life cover.
- The insured will be provided the option of choosing their sum assured amount depending on their life cover requirements
- The policy offers various fund options to choose from. One can switch between funds whenever they want without any restrictions
- Option to can for the policy through a single premium
Edelweiss Tokio Life – Single Pay Endowment Assurance Plan
It is an endowment assurance plan that lets you get guaranteed returns from a single payment.
- Offers a comprehensive cover of 10 times the premium amount
- Tax free returns
- Offers loan facility if required
- Provides guaranteed returns after a fixed period of 10 years from the date of investment
Wealth Accumulation Plans
Listed below are the Wealth Accumulation Plans by the company.
Edelweiss Tokio Life – Cashflow Protection Plus
It is a non linked participating life insurance plan that provides lifelong cover till the age of 100 years.
- The plan offers discount for higher sum assured
- One can avail a discount of 3% by purchasing the policy directly online from the company’s website
- The plan offers policy loan once it attains surrender value
Edelweiss Tokio Life – Wealth Accumulation (Accelerated Cover)
It is a unit linked insurance plan that not only offers life cover but also offers risk protection.
- Allows the insured to pay premiums for a limited duration of time and avail long term benefits
- Offers six types of funds with different risk profiles
- Option to make partial withdrawals or avail loans
Edelweiss Tokio Life – Guaranteed Income Plan
It is a non linked, non participating endowment plan that helps you save for your family and children, all the while staying protected.
- The insured has to pay premium only for 15 years after which, they can enjoy the benefits of the plan for the next 15 years
- Assured maturity benefit of 200% of each paid premium
- Provides loan facility
- Provides various riders to enhance your policy cover
Edelweiss Tokio Life – Save N Prosper (WA)
This plan offers various benefits such as tax benefits, discounts, bonuses along with adequate life cover
- Offers tax free maturity benefit which is equal to initial sum assured along with accumulated bonuses
- Grants 90% of the surplus generated as bonus
- Offers attractive discount for higher sum assured
- Offers loan facility in case of unforeseen emergencies
Edelweiss Tokio Life – Safe N Sure Plan (WA)
It is a non linked, non participating endowment savings plan.
- The premium has to be paid only for 15 years
- Offers discount for female members
- Loan facility is available under this plan
- Offers a variety of riders to enhance the overall cover of your plan
Edelweiss Tokio Life – Milestones Plan (WA)
It is a non linked, participating life insurance plan that offers the double benefit of protection and wealth accumulation.
- Takes care of your short term financial needs by offering regular cash back at pre determined policy years.
- Offers death benefit which is equal to sum assured + accrued bonuses
- Offers attractive discount on premiums for higher sum assured
- Provides a wide range of riders to enhance your policy cover
Edelweiss Tokio Life – Wealth Builder
It is a non participating, non linked life insurance plan that lets you build on your wealth and avail life cover simultaneously.
- Offers additional benefits for higher premium
- Offers Guaranteed Loyalty Additions
- Provides loan facility
- Riders to enhance your policy
Edelweiss Tokio Life – Wealth Accumulation (Cover Plus) (ULIP)
It is a non participating, unit linked life insurance plan that offers customised wealth accumulation solutions.
- The insured has the option of switching their accrued investment from one fund to another
- Offers loan facility and partial withdrawals
- Offers a wide range of fund options to invest in
Edelweiss Tokio Life – Wealth Accumulation (Privilege) (ULIP)
It is a unit linked insurance plan that comes with zero policy administration charges.
- No policy administration charges
- Very low allocation charges
- Offers the right to make partial withdrawals without any additional charges
- Let’s the insured change the sum assured and premium payment term
Edelweiss Tokio Life – GCAP
It is a non linked, non participating unit linked life insurance policy that offers death benefit and maturity benefit.
- Offers additional benefits from the 9th year through guaranteed accrual benefits
- Offers loan facility
- Offers additional benefits if you opt for a higher premium
Edelweiss Tokio Life - Dhan Labh
It is a non linked, non participating life insurance policy which helps you save up for your long term financial goals.
- Offers guaranteed amount on maturity of the policy
- Offers additional benefits from the 13th year of the policy
- Provides a wide range of riders to make your policy cover better
- Choice of various policy terms from 15 years to 30 years
Ms. Sheshin wants a life insurance policy that not only offers life cover but also helps her save up for the future. She is also looking for tax benefits and bonuses from her policy. After comparing between the plans, she opts for Edelweiss Tokio Life- Safe N Prosper plan that offers adequate life cover, tax benefits, wealth accumulation opportunity through funds, bonuses and much more.
Edelweiss Tokio Life offers 16 kinds of Insurance plans which also acts as a saving tool to ensure that you build on your wealth while offering you protection at the same time. Each policy is unique and has something different to offer. It is wise to compare between all of the policies and choose the one that fits your insurance and wealth building needs.
GST of 18% is applicable on life insurance effective from the 1st of July, 2017