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Overview
Edelweiss Tokio Flexi Savings Plan is a flexible savings plan designed to help you save for future goals while providing life cover for your family. It offers three plan options: Flexi Income Plan Option, Flexi Income Pro Plan Option, and Lump Sum Plan Option.
Benefits of Edelweiss Tokio Flexi Savings Plan
- Death benefits
- Maturity benefits
- Multiple plan options to choose from
- Premium discontinuance
- Life cover continuation
- Bonuses
How to Buy Edelweiss Tokio Life Flexi Savings Plan Online?
- Visit the official website of PolicyX.com.
- Hover over the ‘Life Insurance’ tab.
- Choose the Investment plan you want to buy.
- Fill out the form at the top of the page with the necessary details.
- Select your income and city. Click on 'Proceed'.
- Update your education and occupation details.
- Choose your preferred plan and click on 'Buy this plan'.
- Select the policy term, premium period, investment amount, and riders (if required), then proceed to pay.
Calculate Premiums for Edelweiss Tokio Life Flexi Savings Plan
The premium for the Edelweiss Tokio Life Flexi Savings Plan depends on various factors such as age, policy term, sum assured, and chosen plan option. To get an accurate premium quote tailored to your needs, please use our online premium calculator or contact a PolicyX advisor.
Important Policy Features
Life insurance policies, including the Edelweiss Tokio Life Flexi Savings Plan, are generally not portable between different insurance providers. The following are other important policy features:
Free-Look Period
This plan offers a 15-day free-look period from the purchase date, allowing policyholders to cancel their policy if not satisfied. The premium paid will be returned.
Grace Period
The grace period allows you to pay missed premiums with minimal charges. For monthly premium payments, the grace period is 15 days, while for quarterly, half-yearly, and yearly payments, it is 30 days.
Policy Loan
You can avail of a loan against your policy once it acquires a surrender value. The maximum loan amount is 60% of the surrender value.
Surrender Value
You can surrender your policy once it acquires the surrender value. This typically happens if you have paid premiums for at least two continuous policy years.
Inclusions
- Death benefits
- Maturity benefits
- Multiple plan options
- Premium discontinuance
- Life cover continuation
- Bonuses
Exclusions
- 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.
Documents Required to Buy Edelweiss Tokio Life Flexi Savings Plan
Here is the list of documents required to buy the Edelweiss Tokio Life Flexi Savings Plan:
-
Photo ID Proof
Photo ID Proof (any one): Passport, Aadhaar card, PAN card, Driving license.
-
Age Proof
Age Proof (any one): Passport, Aadhaar card, PAN card, Driving license.
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Address Proof
Address Proof (any one): Utility bill, passport, voter ID, ration card.
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Medical Records
Medical Records of the policyholder if requested.
-
Income Proof
Income Proof (any one): Bank statement, last three months' salary slips (if salaried).
Plan at a Glance
| 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 |
