Life Insurance 114 views August 10, 2021

Edelweiss Tokio Life – Dhan Nivesh Bima Yojana is a non-linked, non-participating endowment plan that provides life cover along with a maturity benefit. You can avail of this policy and secure your family’s future financially in case of your death during the policy term. Read this page further to know more about the policy benefits.

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Edelweiss Tokio Life – Dhan Nivesh Bima Yojana Death Benefit

In case of your death during the policy term, the insurer shall pay the sum assured to the nominee as per your chosen option.

  1. For option A: Sum Assured is equal to 5X the single premium
  2. For option B: Sum Assured is equal to 10X the single premium

Edelweiss Tokio Life – Dhan Nivesh Bima Yojana Maturity Benefit

If you survive till the end of the policy term, a guaranteed maturity benefit will be payable to you. Check out the table below to know about it.

Age (In Years)Option AOption B
18 – 352.00 x Single Premium1.86 x Single Premium
36 – 401.90 x Single Premium1.66 x Single Premium
41 – 451.80 x Single Premium1.43 x Single Premium

Edelweiss Tokio Life – Dhan Nivesh Bima Yojana Nonforfeiture Benefits

If you want, you can surrender the policy within the first year, but the surrender value will be payable only at the end of the first policy year. Check out the table below and know about the policy surrender value.

Policy YearSurrender Value (as a % of
Maturity Benefit)
1st & 2nd46
3rd50
4th55
5th60
6th65
7th71
8th77
9th84
10th92

Edelweiss Tokio Life – Dhan Nivesh Bima Yojana Eligibility Criteria

You need to meet the following age criteria to purchase Edelweiss Tokio Life – Dhan Nivesh Bima Yojana Plan:

  1. Minimum Entry Age – 18 years
  2. Maximum Entry Age – 65 years
  3. Minimum Maturity Age Allowed – 28 years
  4. Maximum Maturity Age Allowed – 55 years

Edelweiss Tokio Life – Dhan Nivesh Bima Yojana Policy Term & Premium Payment Options

Edelweiss Tokio Life – Dhan Nivesh Bima Yojana policy term is 10 years and the premium payment option is single pay. The minimum premium amount is INR 1,000 and the maximum premium amount is as follows:

  1. For Option A: INR 5,000
  2. For Option B: INR 2,500

Suicide Clause

If you commit suicide within one year from the date of commencement, the insurer shall pay 90% of the paid premiums to the nominee.

Free Look Period

Edelweiss provides you a 15-day free look period from the date of receipt of the policy document to review the terms and conditions. If you’re not satisfied with the terms and conditions, cancel the policy by sending a cancellation letter to the company. On such cancellation, the company will refund the paid premium after deducting stamp duty and the cost of medical examination expenses.

If the policy is sourced through distance marketing modes: 

  1. Telephone-calling
  2. Short Messaging Service (SMS)
  3. E-mail
  4. Internet
  5. Interactive television (DTH)
  6. Direct postal mail
  7. Newspaper & magazine inserts
  8. Solicitation through any means of communication other than in person.

The free look period will be 30 days.

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