Active Pension Plus

Nowadays, planning for your retirement is essential, especially if you consider the rising cost of living due to inflation. If you wish to live a stress-free life post-retirement, then getting a pension plan should be one of your top priorities. 

Edelweiss Life – Active Pension Plus Advantage is a general annuity plan with various immediate and deferred annuity options. It provides you with guaranteed income in your golden years to indulge in life's necessities without any compromises. As we understand, it is during this period that money should not be a concern for you to decide how you would spend your retirement years. 

This plan offers guaranteed annuity payments for the rest of your life once the deferment period ends. This means that you will have a constant source of income post-retirement, allowing you to enjoy a stress-free retirement.

Edelweiss Life- Active Pension Plus Advantage is a lifelong plan, so there is no maturity benefit.  

The minimum entry age is for deferred annuity is 35 Years and 40 years for immediate annuity. The maximum entry age is 70 for ‘Deferred Annuity’ and 80 for ‘Deferred Life Annuity with Return of Purchase Price on Death’. The maximum entry age for ‘Immediate Annuity’ option is 85 years. 

Minimum deferment period if 5 years and the maximum deferment period is 30 years.  

The maximum premium paying term for this plan is 10 years. You can also choose a premium paying term of 5, 6, 7, 8, or 9 years. Single Premium pay option is also available.

You have a Free Look period of thirty (30) days beginning from the date of receipt of the Policy Document, whether received electronically or otherwise, to review the terms and conditions of this Policy. If you disagree with any of the terms or conditions, or otherwise, and you have not made any claims, you may return this Policy for cancellation to us by giving us written reasons for your objection within the said Free Look period. We will refund the Premium received after deducting stamp duty charges, proportionate risk premium for the period of cover and expenses incurred by us on medical examination (if any) of Proposer/Life Insured.

In case of death due to suicide within 12 months from the risk commencement date or from the date of revival of the policy, your beneficiary shall be entitled to receive at least 80% of the Total Premiums Paid, provided the policy is in in-force.  

Grace period is 15 days, where you pay premiums monthly, and 30 days in all other cases, is available.