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  • Edelweiss Tokio Life Retirement Plans

    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 retirement/annuity/pension plan is a type of life insurance product that will help you put away money during your employment years and in-turn provide you regular payouts after your retirement, in order to help you maintain your standard of living and enjoy the golden years of your life in a hassle-free manner. Edelweiss Tokio Life Insurance offers a range of retirement policies that will provide financial stability during your post-retirement years.

    Benefits of Edelweiss Tokio Life Insurance Retirement Plans

    • Retirement plans from Edelweiss Tokio Life come with a free-look period. Thus, if you are unsatisfied with your policy, you can return it to the insurer during the free-look period.
    • For certain retirement plans, the insurer offers multiple annuity options and the policy buyer can pick any one option as per his/her needs and requirements.
    • Policy buyers can also opt to receive their annuity payouts in annual, bi-annual, quarterly, or monthly instalments, as per their needs.
    • Policy buyers can customise their policies with riders that are offered by Edelweiss Tokio Life.
    • The insurer also provides discounts on the premium if policy buyers opt for a high sum assured or choose a particular mode of premium payment.
    • Annuity policies offered by Edelweiss Tokio Life also offer a guaranteed death benefit in case of the policyholder’s death, during the policy tenure.
    • A grace period of 30 days will be provided for payment of premiums. The grace period is not valid for single pay policies.

    *Note: The features listed above may be part of different retirement plans offered by Edelweiss Tokio, and may not necessarily apply to all retirement policies.

    List of Retirement/Pension Plans offered by Edelweiss Tokio Life Insurance

    1. Edelweiss Tokio Life – Immediate Annuity Plan:

    2. This is a single premium, non-participating, traditional retirement policy that provides guaranteed annuity payouts to policyholders, thus helping them plan their retirement. Policy buyers can also choose the annuity payout from a range of options, based on their needs. Further, customers can also choose the frequency of annuity payments.

      Benefits and Features of the Edelweiss Tokio Life – Immediate Annuity Plan

      • In order to be eligible to purchase this plan, the annuitant needs to be between 18 and 85 years of age.
      • The minimum premium/purchase price of this policy is Rs.1 lakh.
      • Policy buyers can choose from 11 different annuity options:
        • Life Annuity with Return of Purchase Price (ROP)
        • Life Annuity
        • Life Annuity Certain for 5 Years
        • Life Annuity Certain for 10 Years
        • Life Annuity Certain for 15 Years
        • Life Annuity Certain for 20 Years
        • Life Annuity Increasing at a Simple Rate of 3.0% per annum
        • Life Annuity Increasing at a Simple Rate of 5.0% per annum
        • Joint Life, Last Survivor
        • Joint Life, Last Survivor with 50% annuity
        • Joint Life, Last Survivor with Return of Purchase Price on Last Death
      • The death benefit and survival benefit payable will vary as per the annuity option chosen.
      • An additional annuity benefit will be added for policies with a higher purchase price or premium amount.
      • No surrender benefit/value will be payable for this product.
      • The policy comes with a free-look period of 15 days, during which time policy buyers can review the terms and conditions of the policy.
      Plan Name Entry Age Maturity Age Premium
      Edelweiss Tokio Life – Immediate Annuity Plan 18 – 85 years NA
      • Minimum Premium: Rs.1 lakh
      • Maximum Premium: No limit
    3. Edelweiss Tokio Life - Cashflow Protection Plus Plan:

    4. The Cashflow Protection Plus Plan from Edelweiss Tokio Life is a participating, non-linked, life insurance policy that provides the policyholder protection till he/she attains the age of 100 years. Further, the policyholder is also provided guaranteed fixed income and an additional cash bonus, which is payable at the end of the premium payment term.

      Benefits and Features of the Edelweiss Tokio Life – Cashflow Protection Plus Plan:

      • This plan can be purchased for/by any individual between the age of 91 days and 55 years.
      • The policy term for this policy is 100 years minus the life assured’s age at entry.
      • Premiums can be paid for a period of 10, 15, 20, or 25 years.
      • Policy buyers can choose to pay their premiums on an annual, bi-annual, or monthly basis.
      • The minimum sum assured that can be opted for when purchasing this policy is Rs.2 lakh.
      • Policy buyers avail a discount when opting for a large sum assured.
      • Apart from the guaranteed death benefit and maturity benefit that is payable as per this policy’s terms and conditions, policyholders are also entitled to receive the following:
        • Reversionary Bonus: This is a non-guaranteed accrual benefit that will accrue from the first year till the completion of the premium payment term. The benefit will be paid with the death benefit or at the end of the premium payment term, based on whichever happens first.
        • Money Back: The policyholder will receive a guaranteed payout amounting to 5.5% of the maturity sum assured annually, starting from a year after the completion of the premium payment term.
        • Cash Bonus: This is a non-guaranteed benefit which will be paid annually after completion of the premium payment term, with the Money Back payout.
      • Policyholders can avail a loan against this policy once it has acquired a surrender value.
      • Policy buyers can also purchase riders along with this policy to customise the coverage.
      Plan Name Entry Age Maturity Age Minimum Premium
      Edelweiss Tokio Life – Cashflow Protection Plus Plan 91 Days – 55 Years 100 Years Rs.9,835
    5. Edelweiss Tokio Life – Triple Advantage Plan:

    6. The Triple Advantage Plan from Edelweiss Tokio Life is a participating, non-linked, life insurance policy that offers a comprehensive life cover to the policyholder and also provides guaranteed lump sum survival and maturity benefits, to help you secure your future and meet key milestones in your life.

      Benefits and Features of the Edelweiss Tokio Life – Triple Advantage Plan:

      • This policy can be purchased by/for any individual between the ages of 91 days and 55 years.
      • The policy buyer can choose a premium payment tenure of 10 years, 15 years, 20 years, or 25 years.
      • Premiums can be paid yearly, half-yearly, quarterly, or monthly.
      • If the policyholder passes away during the policy tenure, the nominee will receive either 11 times the annualised premium or the maturity sum assured, based on whichever is higher of the two.
      • The minimum maturity sum assured that needs to be opted for when purchasing this policy is Rs.2 lakh. The policy buyer has to choose the maturity sum assured at the time of purchasing the policy.
      • This plan also pays out survival benefits to policyholders. The first lump sum amount will be paid at the end of the premium payment term. The second lump sum amount will be paid to the policyholder when he/she attains the age of 75 years. Post this, the maturity benefit will be paid when the life assured attains the age of 100 years.
      • Policyholders will be eligible to receive a discount if they opt for a high sum assured, at the time of purchasing their policy.
      • Policyholders can avail riders to increase the coverage provided by this policy.
      • The insurer also provides a loan facility to policyholders.
      Plan Name Entry Age Maturity Age Minimum Premium
      Edelweiss Tokio Life – Triple Advantage Plan 91 Days – 55 Years 100 Years Rs.9,531
    7. Edelweiss Tokio Life – Cash Income Plan:

    8. The Cash Income Plan from Edelweiss Tokio Life is a guaranteed, whole life policy, which provides coverage till the life assured attains the age of 100 years. Policyholders are also eligible to receive guaranteed monthly payouts starting from the 21st policy year until the 40th policy year, thus helping them accumulate wealth for their post-retirement years.

      Benefits and Features of the Edelweiss Tokio Life – Cash Income Plan:

      • This policy can be availed by individuals between 91 days and 50 years.
      • The premium payment term for this policy is 20 years, and premiums can be paid on a monthly, semi-annual, or annual basis.
      • The minimum sum assured that customers can opt for is Rs.2,65,000. There is no limit to the maximum sum assured.
      • Policyholders are also eligible to receive survival benefits in the form of cashbacks starting from the 21st policy year till the 40th policy year. The payouts will increase by 6% annually.
      • If the policyholder survives till the 40th policy year, a lump sum benefit will be paid to the policyholder.
      • If the policyholder survives till he/she attains 100 years of age, the insurer will pay 100% of the sum assured as the maturity benefit.
      • This policy also offers a guaranteed death benefit, in case of the policyholder’s untimely death.
      • Once the policy has acquired a surrender value, customers can opt for a loan against the policy.
      • Riders can also be purchased to increase the policy’s coverage.
      Plan Name Entry Age Maturity Age Minimum Premium
      Edelweiss Tokio Life – Cash Income Plan 91 Days – 50 Years 100 Years Rs.25,000
    9. Edelweiss Tokio Life – Pension Plan:

    10. The Pension Plan from Edelweiss Tokio Life is a retirement solution that helps policyholders accumulate wealth for their post-retirement years. Policyholders are also given the option to choose a vesting age as per their retirement needs. Customers can choose a premium payment term and premium payment frequency/mode, as per their requirements.

      Benefits and Features of the Edelweiss Tokio Life – Pension Plan:

      • Individuals between 18 years and 65 years can purchase this policy.
      • Policy buyers can choose a policy tenure between 10 years and 40 years if they opt for the Single Pay, 5 Pay, 10 Pay, or Regular Pay premium payment term, or a policy tenure between 11 years and 40 years if they opt for the 10 Pay premium payment term.
      • Premiums can be paid as a one-time lump sum amount or on an annual, bi-annual, quarterly, or monthly basis.
      • Policyholders can avail a discount on the total premium if they opt to pay their premiums annually or if they opt for a high sum assured.
      • Under this policy, policyholders are also entitled to receive guaranteed additions and a compound reversionary bonus.
      • This policy offers a guaranteed death benefit or maturity benefit, as per the eventuality.
      • Customers can also purchase riders or add-ons along with this policy to enhance the coverage.
      Plan Name Entry Age Maturity Age Minimum Premium
      Edelweiss Tokio Life – Pension Plan 18 – 65 Years
      • Minimum Maturity Age: 45 Years
      • Maximum Maturity Age: 75 Years
      • Single Pay Policies: Rs.1,08,125
      • Annual Pay Policies: Rs.4,898.50
      • Semi-Annual Pay Policies: Rs.3,000
      • Quarterly Pay Policies: Rs.1,500
      • Monthly Pay Policies: Rs.500
    11. Edelweiss Tokio Life – Easy Pension Plan:

    12. The Easy Pension Plan from Edelweiss Tokio Life is a non-participating, unit-linked, pension policy, which will help you financially secure your retirement years. This plan offers policyholders the option of receiving one part of their fund value as a lump sum amount at their chosen retirement age. The remaining fund value will be invested by the insurer to provide regular annuity payments to the policyholder.

      Benefits and Features of the Edelweiss Tokio Life – Easy Pension Plan:

      • Individuals between 18 years and 75 years can purchase this policy.
      • Customers can opt for a policy tenure between 10 years and 67 years.
      • The premium payment term options include Single Pay, Limited Pay, and Regular Pay.
      • This policy provides guaranteed death benefit to the nominee if the policyholder succumbs to an untimely death during the policy tenure.
      • Further, a benefit is also payable to the policyholder on the date of vesting.
      • If the annualised premium is Rs.45,000 or above, the policyholder will receive guaranteed loyalty additions on the 10th policy year and every 5 years thereafter, until maturity of the policy.
      • This insurer levies a low premium allocation charge for this policy.
      Plan Name Entry Age Maturity Age Minimum Premium
      Edelweiss Tokio Life – Easy Pension Plan 18 – 75 Years
      • Minimum Maturity Age: 45 Years
      • Maximum Maturity Age: 85 Years
      • Single Pay Policies: Rs.45,000
      • Annual Pay Policies: Rs.15,000
      • Semi-Annual Pay Policies: Rs.8,000
      • Quarterly Pay Policies: Rs.4,000
      • Monthly Pay Policies: Rs.1,500

    Why do you need Edelweiss Tokio Life Insurance Retirement/Pension Plans?

    Edelweiss Tokio Life Insurance offers a range of retirement solutions with varied benefits and features, in order to help policy buyers secure their post-retirement years in a hassle-free manner. These plans, by way of their regular payouts/benefits, provide a regular source of income to the policyholder, thus helping them increase their savings.

    With regard to the insurer, Edelweiss Tokio Life is a leading private-sector life insurance firm that was established in the year 2011. The company has a varied product mix and offers several cost-effective solutions to customers. The insurer has 91 branches across the country, and has reported a claim settlement ratio of 93.29% for FY16-17. The company, which is a joint venture between Tokio Marine and Edelweiss Financial Services, is a renowned for their hassle-free claims process and customer-centric approach.