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Life Insurance 396 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.
Table of Contents
In case of your death during the policy term, the insurer shall pay the sum assured to the nominee as per your chosen option.
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 A | Option B |
---|---|---|
18 – 35 | 2.00 x Single Premium | 1.86 x Single Premium |
36 – 40 | 1.90 x Single Premium | 1.66 x Single Premium |
41 – 45 | 1.80 x Single Premium | 1.43 x Single Premium |
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 Year | Surrender Value (as a % of Maturity Benefit) |
---|---|
1st & 2nd | 46 |
3rd | 50 |
4th | 55 |
5th | 60 |
6th | 65 |
7th | 71 |
8th | 77 |
9th | 84 |
10th | 92 |
You need to meet the following age criteria to purchase Edelweiss Tokio Life – Dhan Nivesh Bima Yojana Plan:
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:
If you commit suicide within one year from the date of commencement, the insurer shall pay 90% of the paid premiums to the nominee.
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:
The free look period will be 30 days.