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Edelweiss Tokio Investment Plans
Edelweiss Tokio Flexi Savings Plan is a flexible savings plan that hel ...Read More
Edelweiss Tokio Flexi Savings Plan is a flexible savings plan that helps you save money for future goals along with a life cover that protects your family even in your absence.
A quick read on what this Edelweiss Tokio Investment Plans term plan covers and why it might be a fit for you.
Edelweiss Tokio Flexi Savings Plan is a flexible savings plan that helps you save money for future goals along with a life cover that protects your family even in your absence. There are three plan options available for policyholders to choose from- Flexi-income plan option, Flexi-income pro plan option, and Large sum plan option.
Edelweiss Tokio Flexi Savings Plan offers you a range of benefits including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the Edelweiss Tokio Life Flexi Savings works with a simple premium illustration.
Mr. Verma is looking for an Investment plan that helps him create a lump sum amount to fulfill his financial needs.
His financial advisor advised him to buy the Edelweiss Tokio Life Flexi Savings. He visited PolicyX.com
Let's understand how the Edelweiss Tokio Life Flexi Savings Plan works for him with a premium illustration table.
| Age of policyholder | Annual Premium | Policy tenure | Premium Payment Tenure | Maturity Benefits |
| 30 years | Rs 10,000 | 70 years | 20 years | Rs 28,72,876 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 28,72,876 are paid to the policyholder.
There are various benefits to buying the Edelweiss Tokio Life Flexi Savings Plan. Let’s understand each of them in detail:
Key features that make Edelweiss Tokio Life Flexi Savings stand out.
Free-look period
This plan offers a 15-day free-look from the purchase period to the policyholders to cancel their policy if they are not satisfied with the same. The premium paid by them would be returned to the policyholder.
Grace period
The grace period allows you to pay your missed premiums with minimal charges. The grace period offered in case of monthly premium payments is 15 days while it is 30 days in case of quarterly, half-yearly, and yearly payments.
Policy loan
You can avail of a loan against your policy once it acquires the surrender value. The amount of the loan is a maximum of 60% of the surrender value.
Surrender value
You can surrender your policy once it acquires the surrender value. If you have paid premiums for at least two continuous policy years it acquires a surrender value.
Keep these documents handy when applying for Edelweiss Tokio Life Flexi Savings.
Photo ID Proof
Photo ID Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records
Medical Records of the policyholder if requested.
Income Proof
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the Edelweiss Tokio Flexi Savings Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
Given below are some exclusions of the Edelweiss Tokio Flexi Savings Plan-
Suicide within 12 months of the policy purchase is not covered.
Consumption of any intoxicants.
Death due to any aviation accident.
Death due to any adventurous sports.
Here are the key features of the Edelweiss Tokio Life Flexi Savings.
| What’s Good Here | What’s Missing |
| Choice of plan option | Premium Offset |
| Partial withdrawals | Policy Loan |
| Maturity Benefit | Auto cover continuance |
| Life cover continuation | Top-up premium |
Edelweiss Tokio Life Flexi Savings is the right plan for you if you are looking for a plan that helps you save money to complete your future goals along with a life cover benefit. There are three plan options available under this plan including Flexi Income Option, Flexi Income Pro Option, and Lump sum option. If you are still confused about whether this plan is right for you or not you can contact us at PolicyX.com. One of our insurance advisors will understand your requirements and help you choose a plan that best suits your requirements.
The 5 most-asked questions about Edelweiss Tokio Life Flexi Savings, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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