Edelweiss Tokio Life Immediate Annuity Plan

Edelweiss Tokio Life Immediate Annuity Plan is a traditional pension plan providing annuity payouts immediately after paying the lump sum payment to ensure regular cash inflows even after retirement for a worry-free life.

Get Guaranteed Lifelong Pension
For You And Your Spouse

Invested amount returned to your nominee

Pension Options

Invest ₹20k monthly & Get yearly pension of ₹4.2 Lacs for Life
Guaranteed Return For Life
Multiple Annuity Options

4.8⁺⁺ Rated
9.7 Crore Registered Consumer
51 Partners Insurance Partners
4.9 Crore Policies Sold

We are rated⁺⁺

9.7 Crore

Registered Consumer

Insurance Partners

4.9 Crore

Policies Sold

Get Guaranteed Lifelong Pension^{^^}
For You And Your Spouse

Invested amount returned to your nominee

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We are rated⁺⁺

9.7 Crore

Registered Consumer

Insurance Partners

4.9 Crore

Policies Sold

Disclaimer: ^^ Guaranteed income starts after the deferment period, which depends on the annuity amount chosen at the time of purchase of policy and the amount of premium paid. The policy remains in force until the lifetime of Primary Annuitant and after the death of Primary Annuitant until the lifetime of Secondary Annuitant. The option chosen is joint life plan and life annuity with 100% return of premium is also available.

Key Features

It is an Immediate Annuity Plan with single premium option where the annuity starts immediately after premium payment from the next chosen date
The annuity options can be chosen for a single life (policyholder) or for joint life (policyholder and spouse)
The annuity options are:
- Life Annuity
- Lifetime Annuity with Return of 100% of Purchase Price
- Life Annuity guaranteed for 5/10/15 or 20 years
- Life Annuity increasing at a simple rate of 3% or 5% p.a.
- Joint Life Last Survivor
- Joint Life Last Survivor with 50% annuity
- Joint Life Last Survivor with Return of Purchase Price on last death

Benefits

Annuity payouts will be paid as per the frequency chosen immediately after the premium paid
Income tax benefit on the premium paid as per Section 80CCC of the Income Tax Act.

Product Specification:

	Minimum	Maximum
Entry Age (Last Birthday)	45 years	85 years
Purchase Price	100,000	No limit
Yearly Annuity Payout	Depends on the purchase price and the entry age
Annuity payout Frequency	Monthly, quarterly, half-yearly, yearly

Read Also: Different Types of Annuity

Policy Details

Grace Period: Grace period is not applicable.

Policy Termination or Surrender Benefit: there is no Surrender Value under the plan.

Free Look Period: the free look period is not applicable under the plan.

Inclusions

Loan is not available under the plan.

Additional Features or Riders

The annuity rates are higher for female lives.
Higher annuity rates for Purchase price range of 3 lakhs and above.

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Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

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