Edelweiss Tokio Insurance Plans

Edelweiss Tokio GCAP Guaranteed Life Insurance

Edelweiss Tokio Life – GCAP Plan is a guaranteed-return plan. This is a non-linked and non-participating plan,so that you can plan to accumulate wealth for meeting those grand plans to celebrate your achievements.
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Edelweiss Tokio Life insurance review

Edelweiss Tokio Insurance Plans
Distribution - Number of branches pan India (March 2019)
123
Entry Age Minimum/Maximum (Years) - Term Plans
18/65
Sum Assured Minimum / Maximum - Term Plans
25 lacs / Unlimited
Policy Term Minimum / Maximum (Years) - Terms Plans
10/62
Solvency Ratio (FY 2018-19) *
2.29
Number of Policies Sold (Ind+Group) *
79,913
Number of Lives Covered (Ind+Group) **
266,160
Claims Settlement Ratio (Ind+Group) ***
98.41%
* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20  |  *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

Edelweiss Tokio GCAP Guaranteed Life overview

  • Key Features
  • Eligibility
  • Benefit Description

Features of Edelweiss Tokio GCAP Guaranteed Life Insurance

  • All the benefits are guaranteed upfront
  • Get additional benefits from 9th policy year through Guaranteed Accrual Additions
  • Loan facility is available
  • Multiple options of policy term and premium paying term to suit your requirements
  • Enhance your benefits by adding various riders
  • Option to receive maturity benefit payments as a lump-sum amount

Eligibility Criteria of Edelweiss Tokio GCAP Guaranteed Life Insurance

Minimum Entry Age(last birthday) 91 days
Maximum Entry Age(last birthday) 55 years
Minimum Maturity Age (last birthday) 18 years
Maximum Maturity Age (last birthday) 70 years
Policy Term 10 / 15 / 20 / 25 / 30 years
Premium Payment Term (PPT) 5 / 7 / 10 / 12 years
Note: For policy term of 10 years, only 5 pay and 7 pay (PPT) are allowed
Minimum Premium
  • Annual: Rs 15,000
  • Semi-Annual: Rs 8,000
  • Quarterly: Rs 4,000
  • Monthly: Rs 1,500
Premium Payment Mode Annual, Semi-annual, Quarterly, Monthly

Benefit Descriptions of Edelweiss Tokio GCAP Guaranteed Life Insurance

Death Benefit
On death of the Life Assured during the policy, company pays : Sum Assured on Death plus Guaranteed Accrual Additions(GAA), if any. GAA is calculated as a specific percentage of total annualized premiums paid.
Maturity Benefit
On survival of the Life Assured till maturity, company pays: Sum Assured on maturity (SAM) + Cumulative Guaranteed Accrual Additions + Large premium benefit (LPB), if any LPB = If annual premium is in excess of Rs.40,000/- ,there is an additional payout on maturity for every Rs.20,000 in excess of Rs.40,000/-
Tax Benefits
You can avail tax benefits under Section 80C and Section 10 (10D) of Income Tax Act, 1961. Premium paid for Critical Illness Rider, if opted, may qualify for a deduction under Section 80D of the Income Tax Act, 1961. Tax benefits are subject to change in the tax laws.

Brochure

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Policy wordings

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2022