A number of effective plans are being offered by Edelweiss Tokio Life Insurance Company under its retirement plans category. At the same time as some of these plans are pension plans, others are traditional plans specifically designed in a manner to care for the retirement funding.

Now let’s have a look at the available plans and unique features and benefits.

Edelweiss Tokio Life Triple Advantage Plan

This is basically a traditional savings plan. Edelweiss Tokio Life Triple Advantage Plan has been designed to provide triple benefits up to the age of 100 years. Some of the prominent points of this plan include:

• The policy comes with a Limited Premium Payment option for premium payments.
• The policy declares bonuses.
• Edelweiss Tokio Life Triple Advantage Plan is issued as a participating policy.
• The Sum Assured on Maturity is paid if the policyholder stays alive till the Premium Paying Term completion.
• If the policyholder suffers death during the policy term, a higher Sum Assured on death which is more than the actual Sum Assured on maturity or 11 times the premium paid annually is payable along with the accumulated reversionary bonuses.
• If the policyholder survives up to 75 years of age following the completion of the Premium Payment Term, the Sum Assured on maturity is paid again.
• If the policyholder passes away following the Premium Payment Term but prior to reaching the age of 75 years, the Sum Assured on death, higher than the Sum Assured on maturity or 11 times of the yearly premium is payable under this plan along with the accumulated reversionary bonuses.
• Afterward, the policy pays the Sum Assured on maturity and any Terminal Bonus when the policyholder attains reaches 100 years of age. And if the policyholder suffers death, a higher Sum Assured on death which is more than the actual Sum Assured on maturity or 11 times of the yearly premium is paid under this plan.
• You can apply for a loan up to a maximum of 90% of the Surrender Value under this plan.
• You can also avail tax benefits for premiums and claims under Sections 10 (10D) and 80C of the Income Tax Act.
• The policy also offers discounts on premium if you choose to buy this plan online or choose higher levels of Sum Assured on maturity.
• This pension plan from Edelweiss Tokio Life gives you the freedom to customize the plan by adding various available riders as follows:
  • Edelweiss Tokio Life - Hospital Cash Benefit Rider
  • Edelweiss Tokio Life - Term Rider
  • Edelweiss Tokio Life - Payor Waiver Benefit Rider
  • Edelweiss Tokio Life - Accidental Death Benefit Rider
  • Edelweiss Tokio Life - Critical Illness Rider
  • Edelweiss Tokio Life - Waiver of Premium Rider
  • Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider

Eligibility Criteria for Edelweiss Tokio Life Triple Advantage Plan

	Minimum	Maximum
Entry Age	91 days	55 years
Maturity Age	-	100 years
Policy Tenure	100 minus the age of entry
Premium Amount	Rs. 9531	No limit
Sum Assured on Maturity	Rs. 2 lakhs	No limit
Sum Assured on Death	Higher of the Sum Assured on Maturity or 11 times of the premium paid annually
Premium Payment Term	10/ 15/ 20 or 25 years
Modes of Premium Payment	Yearly Half-yearly Quarterly Monthly

Edelweiss Tokio Life Cash Income Plan

It is basically a traditional life insurance plan from Edelweiss Life. The policy provides you with guaranteed benefits. It covers the individual up to 100 years of age.

Now let’s have a close look at the unique features and benefits of the plan below:

• Premiums under Edelweiss Tokio Life Cash Income Plan are payable for a fixed tenure of 20 years
• You can avail income tax benefits on the premium payable under Section 80C and on claims under Section 10 (10D) of the Income Tax Act.
• From the beginning of the 21st policy year, a yearly payment of one annualized premium stretched over monthly installments and growing at a simple rate of 6% P.A is payable every month up to the 40th policy year.
• In the event of unfortunate death during the policy term, death benefit which is 10 times higher of the yearly premium or minimum guaranteed Sum Assured on Maturity or an absolute amount or 105% of total premiums paid till the date of death is payable on death which is expressed as a percentage of the Sum Assured and depends on the policy year of death.
• A benefit equivalent to 100% -150% of the Sum Assured depending on the age of entry of the policyholder is payable on surviving up to the 40th policy year.
• You can avail loan under this plan up to a maximum of 90% of the Surrender Value
• The Sum Assured is payable the policyholder survives till 100 years of age,
• You can customize this plan by choosing to add various available riders like:
  • Edelweiss Tokio Life - Accidental Death Benefit Rider
  • Edelweiss Tokio Life - Critical Illness Rider
  • Edelweiss Tokio Life - Waiver of Premium Rider
  • Edelweiss Tokio Life - Term Rider
  • Edelweiss Tokio Life - Payor Waiver Benefit Rider
  • Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider

Eligibility Criteria for Edelweiss Tokio Life Cash Income Plan

	Minimum	Maximum
Entry Age	91 days	50 years
Maturity Age	-	100 years
Policy Tenure	100 minus the entry age
Premium Amount	Rs. 25, 000	No limit
Sum Assured on Maturity	Rs. 265, 000	No limit
Sum Assured in the event of Death	Higher of Sum Assured on Maturity or 11 times of the yearly premium
Premium Payment Tenure	20 years
Modes of Premium Payment	Yearly Half-yearly Monthly

Edelweiss Tokio Life Pension Plan

This is basically a traditional pension plan from Edelweiss Tokio Life. The policy has the following features and benefits on offer:

• By way of earning bonuses, Edelweiss Tokio Life Pension Plan participates in the profits of the company.
• The policy offers Guaranteed Additions accumulated under at 5% of the cumulative premiums paid in the first 5 years of the plan.
• Compound reversionary bonus is payable from the 6th policy year.
• You can pay the premiums can either for a fixed tenure or for the complete duration of the policy or at once as a lump sum.
• In the event of death of the insured, a death benefit will be paid which is higher of the combined premiums paid compounded at 1% together with the accumulated Guaranteed Additions and bonuses or 105% of every single premiums paid till the date of death.
• If you choose to go for annual mode of payment and for higher levels of Sum Assured, you can avail discounts in premium.
• On vesting, in other words, maturity, the policy will pay the Sum Assured along with the Guaranteed Additions bonuses which you can utilize in different ways. In case the policyholder is lower than 55 years of age, the Vesting age can be delayed. He/she can take 1/3rd amount in cash which is called commutation while the remaining will be used to pay pension. He/she can also purchase another deferred pension plan from the company with the sum.
• You can customize the plan by choosing to add Edelweiss Tokio Life Critical Illness Rider or Term Rider.

Eligibility Criteria for Edelweiss Tokio Life Pension Plan

	Minimum	Maximum
Age Entry Age	18 years	65 years
Maturity Age	45 years	75 years
Policy Tenure	10 years	40 years
Premium Paying Tenure	Equivalent to policy tenure/ Single Pay/ 5 / 10 years
Annual Premium Amount	Rs. 108, 105 (Single Pay) Rs. 4898.50 (Others)	No limit
Sum Assured	Rs. 125, 000 (Single Pay) Rs. 2 lakhs (Others)
Modes of Premium Payment	Yearly Half-yearly Quarterly Monthly Single Pay

Edelweiss Tokio Life Immediate Annuity Plan

It is basically an immediate annuity plan which comes with the below-mentioned feature and benefits:

• Annuity payments initiate post-haste after the payment of the premium.
• The plan promises numerous annuity alternatives like:
  • Annuity for entire life.
  • Life Annuity with Return of Purchase Price.
  • Life Annuity growing at a simple rate of 3% or 5% per annum.
  • Joint Life Last Survivor with 100% annuity to the secondary annuitant.
  • Joint Life Last Survivor with 100% annuity to the secondary annuitant as well as Return of Purchase Price.
  • Life Annuity guaranteed for 5 or 10 or 15 or 20 years and after that payable for life.
  • Joint Life Last Survivor with 50% annuity to the secondary annuitant.
• The policy pays higher rates of annuity to female lives above 49 years of age.
• The rate of annuity payouts is higher if the policyholder buys this plan making use of the proceeds from an existing pension plan bought from the Edelweiss Tokio Life.
• The policy offers higher rates of annuity for higher Purchase Price levels.

Eligibility Criteria for Edelweiss Tokio Life Immediate Annuity Plan

	Minimum	Maximum
Age of Entry	45 years	85 years
Yearly Annuity Amount	Depends on the age and Purchase Price
Purchase Price	Rs.1 lakh	No limit
Frequency of Annuity Payout	Yearly Half-yearly Quarterly Monthly