• Edelweiss Tokio Life Cash Income Plan

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    A sickness can befall anyone at anytime and with the growing number of dengue cases that are springing up all around us, it is wise to take up an insurance cover to help you out of you do find yourself in such a situation. A sickness can cause a lot of emotional, physical, and financial strain on a person as availing treatment and the cost of it can be a hassle to deal with. The Edelweiss Tokio Life – Cash Income Plan provides protection when a person’s life is in danger when they are affected by Dengue. This plan helps secure any financial burden that’s laid out on you when you are diagnosed with this sickness. Some of the key features of a Edelweiss Tokio Life – Cash Income Plan:

    • Hassle-free paperwork and policy procurement
    • No type of obscurity on the extent and amount of the coverage offered by the plans
    • If a policyholder is diagnosed with Dengue, they will be able to avail the benefits offered by the plan irrespective of any claims that are made with any other existing health insurance policies
    • There are a number of premium payment channels that are available for a policyholder
    • This plan provides the option of placing as many as 6 members of the policyholder’s family under the umbrella of benefits that are offered with this plan

    Eligibility – Who is the Edelweiss Tokio Life – Cash Income Plan for?

    Insurance providers usually set eligibility criteria which need to be met in order to avail the protection accorded by the plan and these are listed below:

    Parameters Criteria for Eligibility
    Minimum Age of Entry* 91 days
    Maximum Age of Entry* 65 days

    *Age as on last birthday

    Sum Assured and Premium Range – What you get and what is costs

    Sum Assured

    The sum which is assured with a Edelweiss Tokio Life – Cash Income Plan is based completely on the premiums that you will be required to pay to avail the benefits of the policy. The sum assured for Edelweiss Tokio Life – Cash Income Plan can be Rs.25,000, Rs.40,000, or Rs.50,000 and 100% of the sum assured shall be payable at the time of diagnosis.


    Premiums are paid to the insurer to purchase a policy from them so that the individual can come under the umbrella of benefits and coverage that this plan has to offer. The premiums that a policyholder will have to pay towards a Edelweiss Tokio Life – Cash Income Plan are listed below:

    Parameters Details
    Term of the Policy 5 years
    Premium Payment Term
    • Single Pay
    • Regular Pay
    Premium Payment Modes
    • Monthly
    • Half-Yearly
    • Yearly

    *Premiums paid vary based on age, location, plan term and other factors

    Premiums for a Edelweiss Tokio Life – Cash Income Plan can be made using any of the following ways:

    • Payment in cash at the insurer’s branch office
    • With a cheque or demand draft
    • ECS/Direct Debit/Salary Deduction Scheme
    • Through the use of debit or credit cards
    • Using payment gateways or internet banking

    Modal Factors and Premium Modes

    Premium Modes Modal Factors
    Monthly 0.09
    Half-Yearly 0.52

    Plan coverage – What the Edelweiss Tokio Life – Cash Income Plan covers

    The Edelweiss Tokio Life – Cash Income Plan offers a number of different benefits and these are listed in the table below:

    Parameters Details
    Maturity Benefit No maturity benefit is payable with a Edelweiss Tokio Life – Cash Income Plan.
    Tax Benefit As per prevailing tax laws of the Income Tax Department.
    Death Benefit No death benefit is payable with a Edelweiss Tokio Life – Cash Income Plan.


    There are no additional riders that are available for purchase along with the Edelweiss Tokio Life – Cash Income Plan.

    Exclusions – What the Edelweiss Tokio Life – Cash Income Plan covers

    Under the Edelweiss Tokio Life – Cash Income Plan, no benefit is payable to the insured by the insurance company for any of the following reasons listed below:

    • Treatment shall not be covered for ailments other than Dengue Shock Syndrome or Dengue Haemorrhagic Fever
    • If the life insured is admitted in a hospital for treatment for a period lesser than 48 hours
    • Treatment and diagnosis outside India
    • If the physician responsible for diagnosing your condition is not qualified as per the norms set by the governing body of the medical field
    • If a claim has been made during the waiting period, which is 15 days, from the date of revival or commencement of the policy

    Other Key Features

    Parameters Details
    Free Look Period Free Look Period is granted for:
    • 15 days for regular policies sold
    • 30 days for policies sold through distance marketing
    Grace Period 30 days for all modes that come under Regular Premium Payment
    Nomination Nomination is allowed as per the existing tax laws under Section 39 of the Insurance Act, 1938.
    Assignment Assignment is allowed as per the prevailing tax laws under Section 38 of the Insurance Act, 1938.
    Surrender Value Surrender Value is calculated as: 50% of Single Premium which is paid multiplied by (Unexpired coverage term*/60)
    Revival/Reinstatement Revival of a policy can be done within 2 years from the date of the first unpaid premium. All unpaid premiums plus interest will have to be paid to revive a policy.
    Loan Loan facility is not available with a Edelweiss Tokio Life – Cash Income Plan.

    *Unexpired coverage term is calculated in months

    Tax Benefits – How you can save with Edelweiss Tokio Life – Cash Income Plan

    A policyholder can enjoy tax benefits on any premium that is paid towards Edelweiss Tokio Life – Cash Income Plan under the prevailing tax laws under Section 80C and for withdrawals or maturity amount under 10(10D) of the Income Tax Act, 1961. Tax benefits are subject to changes without prior notice so it is important that the policyholder consults a Tax Advisor to stay informed about any changes made.

    Why you should purchase the Cash Income Plan offered by Edelweiss Tokio Life

    Edelweiss Tokio Life started operating in India in late 2008. The company is committed to provide financial advice of top quality as well as provide a wider customer protection cover. With a Claim Settlement Ratio of 84%, Edelweiss Tokio Life is one of the leading insurance agencies that a lot of people in India prefer doing business with. The company also has an Asset Under Management that’s worth over Rs.2,893.05 crore. There are over 103 branches of Edelweiss Tokio Life located across the country which service over 13 million customers.

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