Edelweiss Life - Elite Plus

At Edelweiss Tokio Life Insurance, we realize that your needs are more important than anything else. That s why it is our constant aim to understand your needs first before offering any advice or an insurance solution. Your needs, based on your priorities, are first understood, then evaluated against your future goals so that we are able to ensure that we can
offer you the best solution suited to your needs.

Edelweiss Tokio Life Elite Plus is a non-linked, non-participating life insurance plan, which helps you to secure your family financially.

I. Choice of Base Option and Family Protection Option
II. Guaranteed Addition
III. Multiple Policy Terms and Premium Paying Terms

Base Option
Family Protection option
Minimum Entry Age
(Last Birthday)
Policy Term (yrs)
Age
Policy Term (yrs)
Age
12
6
12
18
15
3
15
18
20
0
20
18

Maximum Entry Age
Maximum Entry Age (Last Birthday)
(Last Birthday)
12
60
15
60
20
60

Minimum Premium - Rs. 1,50,000
Maximum Premium - No Limit, subject to Board approved underwriting policy

Minimum Sum Assured on Death
-
Rs. 15,00,000

Maximum Sum Assured on Death
-
No Limit, subject to Board approved underwriting
policy

Minimum Guaranteed Sum Assured on Maturity
-
Rs. 6,50,640

Maximum Guaranteed Sum Assured on Maturity
- No Limit, subject to Board approved
underwriting policy

The Sum Assured on Death at any time during the policy term is higher of:
10 times of Annualized Premium; OR
Guaranteed Sum Assured on Maturity; OR
105% of all the premiums paid till date of death; OR
Any absolute amount assured to be paid on death.
Note: Absolute amount assured to be paid on death will be equal to 10 times of Annual Premium

You may be eligible for tax benefits as per applicable tax laws. Tax benefits are subject to change in the tax laws. Kindly consult your tax advisor for detailed information on tax benefits/implications.

Edelweiss Tokio Life
Accidental Death Benefit Rider (UIN: 147B002V02): This rider provides for additional financial security in case any death occurs due to accident. Also, the benefit is payable in lump sum.
Edelweiss Tokio Life
Accidental Total and Permanent Disability Rider (UIN: 147B001V02): This rider provides you with a lump sum to cater to your immediate expenses in case your income earning capacity is hindered due to an accidental disability (total & permanent).
Edelweiss Tokio Life
Term Rider (UIN: 147B004V02): This rider provides you with a lump sum amount in addition to the base product, on account of unfortunate demise of the Life Insured, to provide increased security to your family.
Edelweiss Tokio Life
Waiver of Premium Rider (UIN: 147B003V03): This rider waives future premiums in case you suffer from Critical Illness or total and permanent disability due to accident.
Edelweiss Tokio Life
Payor Waiver Benefit Rider (UIN: 147B014V03)*: This rider waives future premiums in case of death, Critical Illness or total and permanent disability due to accident of the proposer (payor) so that the Life Insured continues to get the benefits.
Edelweiss Tokio Life
Income Benefit Rider (147B015V01): This rider will make sure that your family has a backup source of monthly income even in your absence.
Edelweiss Tokio Life
Critical Illness Rider (147B005V02): This rider provides you with a lump sum to cater to your immediate expenses in case your income earning capacity is hindered in the event of critical illness.

You may return this Policy to us within 15 days of receipt of the policy if you disagree with any of the terms and conditions by giving us written reasons for your objection. We will refund the premium received after deducting stamp duty charges, proportionate risk premium for the period of cover and medical expenses (if any).

If we do not receive the premium in full by the premium paying due date, then:
a) We will allow a Grace Period of 30 days during which you must pay the Premium due in full. The Policy will be In-Force during the Grace Period.
b) All the benefits under the Policy, if any will continue to apply during the Grace Period. However payment of claims during the grace period will be subject to the deduction of the due premiums from the claims.

A life insurance policy should be handy for you in case of any adverse financial emergencies and this plan caters to that, whereby you can avail a loan under the policy once the policy acquires surrender value. The maximum loan amount available will be 80% of the surrender value.

a) For Premium Paying Term of 7 years: Surrender value will be acquired, if all the premiums have been paid in full for at least first two Policy Years.
b) For Premium Paying Term of 10 years: Surrender value will be acquired, if all the premiums have been paid in full for at least first three Policy Years.

a) For Premium Paying Term of 7 years
* Payment of at least 1 full year
s premium but less than 2 full years
premium
* Payment of at least 2 full years
premium
b) For Premium Paying Term of 10 years
*
Payment of at least 1 full year
s premium but less than 3 full years
premium
* Payment of at least 3 full years
premium

If due Premiums are not paid within the Grace Period, the Policy shall lapse or become eligible for Reduced Paid-up benefit as the case may be. Any such Policy may be revived within two years from the due date of the first unpaid Premium by giving us a written intimation to revive the Policy and payment of all overdue Premiums with interest, as may be declared by the Company from time to time, for every completed month from the due date of each unpaid Premium.

In case of death of Life Insured due to suicide within 12 months from the date of inception of the Policy, the nominee or beneficiary of the Policyholder shall be entitled to 80% of the premiums paid, provided the Policy is In-Force. In case of death of Life Insured due to suicide within 12 months from the date of revival of the Policy, the nominee or beneficiary of the Policyholder shall be entitled to 80% of the premiums paid till date of death or Surrender Value available as on the date of death , whichever is higher.