Edelweiss Tokio Insurance Plans

Edelweiss Tokio Life Cashflow Protection Plus Insurance

Private insurer Edelweiss Tokio Life Insurance launched Cashflow Protection plan aims to cover the needs of wealth accumulation, retirement and legacy transfer.
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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

Wealth Ultima Life Insurance overview

Key Features

Key Features Edelweiss Tokio Life Cashflow Protection Plus Plan

Edelweiss Tokio Life Cashflow Protection Plan is a non-linked, participating savings insurance plan which provides protection till the age of 100 years of age.

  • Get guaranteed income and avail protection till age of 100 years
  • Get a lump-sum at the end of premium payment term through reversionary bonus
  • Earn higher returns through additional cash bonus
  • Get discounts for higher Sum Assured on Maturity
  • Loan facility to meet any urgent / unforeseen liquidity requirements
  • Option to make your cover more comprehensive through riders

Eligibility criteria of Edelweiss Tokio Life Cashflow Protection Plus Plan

  • Protection Plus Plan.
  • Minimum Maximum.
  • Sum Assured (in Rs.) 200,000 No Limit.
  • Annual Premium (in Rs.) 9,835 No Limit.
  • Policy Term (in years) 100 years less age at entry of the life insured.
  • Premium Payment Term (in years) 10/15/20 25.
  • Entry Age of Life Insured (in years) 91 days 55.
  • Age at Maturity (in years) 100.
  • Payment modes Annual, Semi-Annual and Monthly.
  • Benefits Edelweiss Tokio Life Cashflow Protection Plus Plan

    Under this plan apart from Death and Maturity benefit, three different benefits are payable and aredescribed below:
    Reversionary Bonus (RB): It is a non-guaranteed accrual benefit. It will accrue from the first policy year till the end of premium paying term of the policy and will be based on the performance of the par fund.
    The benefit payable either on death or at the end of premium paying term, whichever is earlier.
    Money Back: It is a guaranteed benefit equal to 5.5% of the Sum Assured on Maturity, payable annually at the end of each policy year and the payout starts one year after the premium paying term and continues to be paid till maturity or death whichever is earlier.
    For e.g. the money back will start from 16 policy year for premium paying term of 15 years.
    Cash Bonus (CB): It is a non-guaranteed benefit payable every year at each policy anniversary after the premium paying term along with the Money Back benefit. Cash Bonus will be based on the performance of the par fund and will be payable till maturity or death, whichever is earlier.
    Death Benefit
    • For Life Assured with entry age below 5 years
    • For minor lives, where the entry age is below 5 years, in case of death during the 1 year and 11 months from the date of commencement of the policy, the company will pay 105% of total premiums paid till date of death.
    • After completion of 1 year and 11 months from the commencement of the policy, the death benefit would be as per the benefit offered for Entry Age of 5 years and above.
    • For Life Assured with entry age of 5 years and above
    • Before end of PPT: Sum Assured on Death Plus accrued reversionary bonuses
    • After end of PPT: Sum Assured on Death
      • Where, the Sum Assured on Death at any time during the policy term is higher of the following:
      • 11 times of the Annualized Premium
      • Minimum guaranteed Sum Assured on Maturity

    Brochure

    Review Edelweiss Tokio Life Cashflow Protection Plus Insurance brochure to understand coverage details.

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    Policy wordings

    Review Edelweiss Tokio Life Cashflow Protection Plus Insurance policy wordings which explains the terms and conditions.

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      710, 6th B Cross, 16th Main Road, Koramangala 3rd Block, Bangalore - 560 034.

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