Edelweiss Tokio Life - Smart Lifestyle Life Insurance Plan

Edelweiss Tokio Life - Smart Lifestyle - A non linked participating endowment life insurance plan 

This plan rewards in the form of increasing Loyalty Sum Assured and potential to earn increasing additions and bonus as the plan progresses.

Key Features

Choice of Base Option or Family Protection Option.

Base Option:

This option helps to accumulate wealth for fulfilling your financial responsibilities. It also provides life insurance cover to take care of loved ones in case of any unfortunate event.

Family Protection Option:

This option ensures that in case of Life Insured's unfortunate demise, his / her loved ones receive the full benefits under the policy and are also saved from the worries of paying future premiums. A lumpsum amount is also paid on death of the Life Insured to take care of any immediate needs.

As the benefits are different, the Premium for both these options will differ.

Loyalty Sum Assured: Loyalty Sum Assured accrues at the end of every 5 years.

Guaranteed returns:

Guaranteed additions @2% as well as reversionary bonus, if any throughout the policy term.

Death Benefit : Under Base Option:

• Sum Assured on Death, which is higher of 

1. 10 times the Annualised Premium; OR
2. Sum Assured on Maturity and Loyalty Sum Assured on Maturity; OR
3. Any absolute amount assured to be paid on death

• Accrued Guaranteed Addition
• Accrued Reversionary Bonus, if any
• Terminal Bonus, if any

Under Family Protection Option: 

Sum Assured on Death shall be payable immediately. In addition, the Maturity Benefit will be payable on the maturity date.

Maturity Benefit

On Maturity date, while the policy is in-force, the sum of the following shall be payable:

• Sum Assured on Maturity;
• Loyalty Sum Assured on Maturity;
• Accrued Guaranteed Addition;
• Accrued Reversionary Bonus, if any;
• Terminal Bonus,if any

Tax benefits as per applicable tax laws.

Illustration:

Age:40
Sum Assured on Maturity: Rs. 5 lacs
Policy Term of 20 years, Policy Paying Term - 10 years.
Annualised Premium is Rs. 76,213.

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