Edelweiss Tokio Income Replacement Insurance

The feature of Income Replacement include:

• Cost friendly solution providing complete protection of your aspirations for your loved ones
• Cost reduces further for higher Sum Assured
• Monthly income in the event of pre-mature death to maintain continuity of regular income for the family
• Inflation mitigating benefit by way of fixed 5% increase every year in the monthly income
• Limited premium payment option to suit the stability of your current income stream and yet avail the cover for a longer Policy Term
• The monthly benefit will be provided for minimum of 5 years even if your remaining Policy Term is less than 5 years
• Lower rates are available for leading healthy lifestyle by way of non- consumption of tobacco

Benefit descriptions of Income Replacement Insurance

• Single Pay : Surrenders are not allowed in the first year. The policy may be surrendered from the second year onwards. Single Premium (exclusive of service tax) * 70% * {Number of remaining complete months of cover / Total Policy Term in months}^ 2 is payable.
• 5 or 10 or 15 Pay : Surrender benefit is zero during premium paying term. Total Premium paid (exclusive of service tax) * 70% * {Number of remaining complete months of cover / Total Policy Term in months}^ 2
• Regular Pay : No restrictions. No benefit is available

• Accidental Death Benefit Rider
• Accidental Total and PermanentDisability Rider
• Waiver of Premium Rider
• Critical Illness Rider