Edelweiss Tokio Life triple advantage plan is the new insurance plan launched by Edelweiss Tokio Life. This is a non-linked participating typical endowment scheme. Under this policy in case the policy holder survives beyond 75 years of age, company will provide 3 times the policy sum assured to policy holder. To know more about Edelweiss tokio life triple advantage plan, read further.
Key features of Edelweiss Tokio Life triple advantage plan
As the name suggest, edelweiss tokio life triple advantage plan provide a triple time benefit in case policy holder cross the age of 75 years. The first payout is paid to policy holder as soon as he/she complete the premium paying term. The next one will trigger when policy holder turn 75 years of old. And finally when the policy holder turn 100 years, he/she will get the final sum assured balance with some terminal bonus if any.
In case, policy holder doesn’t survive till 100 years, his/her nominee will get the third balance. Let’s find out the key benefits & highlights of Edelweiss Tokio Life triple advantage plan.
Eligibility for edelweiss tokio life triple advantage plan
|Minimum Entry Age||91 Days|
|Maximum Entry Age||55 Years|
|Maximum Maturity Age||100 Years|
|Maximum Policy Term||100 Years less age at entry of the life insured|
|Premium Paying Term||10, 15, 20 and 25 years|
|Minimum Premium||Rs. 9,531|
|Minimum Sum Assured||Rs. 2,00,000|
|Maximum Sum Assured||No Limit|
Benefits of edelweiss tokio life triple advantage plan
Maturity Benefits: As discussed earlier the maturity benefit depends on the survival age of the policy holder.
Death Benefits: In case of death during policy term, the sum assured value will be paid.
Income Tax Benefits: Like other insurance policies, the premium paid for this policy is also exempted under section 80C and section 10 (10) D.
Rider Benefit: This policy also has couple of additional rider benefits attached to it. They are Accidental Death Benefit Rider, Waiver of Premium Rider, Accidental Total Permanent Disability Rider, Term Rider, Critical Illness Rider and Payor Waiver Benefit Rider. As per your need you have to pay extra premium to avail any rider benefit.
Rebates on Premiums: In case of higher premium amounts, rebates applied.
Loan facility: You can take loan against your Edelweiss Tokio Life triple advantage plan.
To know more about this policy, how to buy guide and Edelweiss Tokio Life triple advantage plan calculator visit their official website @ www.edelweisstokio.in