An ideal plan to ensure continuity of monthly income for the family after death of bread winner. The show has to go on irrespective of who runs it. With an Income Replacement Plan, the family need not despair after the policyholder is not around to look after them. UIN No: 147N006V02
Key Benefits for the Product:
Death Benefit: On death of the life assured during the policy term, company pays chosen monthly benefit, increasing at 5% every policy year to the nominee till the end of policy term or 5 years, whichever is later.
Tax Benefit: One can avail tax benefits under Section 80C and Section 10 (10D) of Income Tax Act, 1961. Tax benefits are subject to change in the tax laws.
Riders:
- Edelweiss Tokio Life – Accidental Death Benefit Rider
- Edelweiss Tokio Life – Accidental total and Permanent Disability Rider
- Edelweiss Tokio Life – Waiver of Premium Rider
- Edelweiss Tokio Life – Critical Illness Rider
