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Secure Your Future Income with our Flexible Savings Plan!

With growing everyday needs and large future plans, meeting financial
goals can be difficult. Introducing Edelweiss Life Flexi-Savings
Plan , which provides the benefits of flexible savings with long life cover
and tax benefits

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Take a step ahead to secure your goals

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A Multiple of single/annualized premium as life cover at all time during policy tenure
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A Flexi-Plan to Add More to Your Zindagi! Flexi Savings

A Flexi-Plan to Add More to Your Zindagi!

Benefits of Flexi-Savings Plan Scroll

Benefits of Flexi-Savings Plan

01-3-plan-option
02-Series-lumpsum
03-Early-income
06-Accrual-benefit
04-Protect-Your-Loved
Wealth-Plus_Tax-Benefits

As flexible as your needs! Choose flexibility with 3 plan options – Flexi-Income, Flexi-Income PRO & Large Sum Option. Flexi-Income Option & Flexi-Income PRO offers regular income every year, starting from the chosen Income Start Year (ISY) till the end of the policy term. The regular income under Flexi-Income & Flexi-Income PRO comprises of Guaranteed Income, if applicable, Cash Bonus⁵, if any and Reversionary Bonus⁷ Payout, if any along with maturity benefit. In Flexi-Income PRO you get guaranteed Lumpsum at periodic Intervals. Large Sum Option offers maturity benefit at the end of policy term. 

01-3-plan-option

Sign up for your trail of happiness! The Flexi-Income PRO option offers survival benefit that is equal to regular income + guaranteed1 lumpsum. This lumpsum is payable in the interval of 5 years as cash payouts. The regular income is paid out every year from Income Start Year (ISY) till maturity. This regular income comprises of Guaranteed1 Income, and Cash Bonus⁵ and Reversionary Bonus⁷, if applicable.

02-Series-lumpsum

Don’t wait, start early! This plan offers Income Start Year (ISY) as early as 2nd policy year under Flexi-Income Option and Flexi-Income PRO Option. With these options, you can choose to start receiving your income on the 2nd or 5th or (PPT+1)th policy year.  

03-Early-income

Accumulate your survival benefit as per your preference! At any point during the policy term, you have the option to accumulate the survival benefits instead of cash payouts. You can choose to withdraw the entire accrued survival benefit at any point during the policy term. These benefits are also payable at the time of termination of the policy in the form of death, maturity, or surrender.

06-Accrual-benefit

Roti, kapda, makaan aur life cover! This plan offers Life Cover Continuation Benefit to extend life cover even beyond your policy term ends. Meaning, increased family’s financial security! If Life Cover Continuation Benefit is opted, the maturity benefit payable would be equal to Sum Assured on Maturity## (SAM) plus Loyalty Sum Assured on Maturity (applicable only for Plan Option ‘Large Sum Option’) plus accrued Reversionary Bonus, if any plus Terminal Bonus, if any less Life Cover Continuation Benefit Cost provided the policy is in-force. All other plan benefits remain unchanged.

04-Protect-Your-Loved

Everything’s better with tax³ exemptions! Premiums paid are eligible for tax benefit under section 80C and the maturity benefit is eligible for tax benefit under section 10(10D).

Wealth-Plus_Tax-Benefits

3 Plan Options

3 Plan Options Flexi Savings Plan

Option 1- Flexi-Income Option

  • Option to receive both Survival Benefit and Maturity Benefit
  • Survival Benefit is equal to regular income that will be payable annually in arrears every policy year, starting from the chosen Income Start Year till the end of policy.
  • The various Income Start Year options available are 2nd Policy Year, 5th Policy Year and (PPT+1)th Year.
  • The regular income comprises of Guaranteed Income, Cash⁵ Bonus, and Reversionary⁷ Bonus payout.
  • Maturity Benefit is equal to Sum Assured on Maturity## plus applicable bonus, if any.

Option 2- Flexi-Income PRO Option

  • Option to receive both Survival Benefit and Maturity Benefit
  • Under this Plan option, Survival Benefit is equal to Regular Income plus Guaranteed1 Lumpsum.
  • Guaranteed1 Lumpsum payments payable in the interval of 5 years in the form of cash payouts.
  • The regular income comprises of Guaranteed1 Income, Cash⁵ Bonus, and Reversionary⁷ Bonus payout.
  • For PPT options 8 & 10 years, the lumpsum payments are payable at the end of the 10th, 15th, 20th, 25th and 30th policy year
  • For PPT options 12 & 15 years, the lumpsum payments are payable at the end of the 15th, 20th, 25th and 30th policy year
  • Regular income will be payable every year from Income Start Year (ISY) till the end of the Policy Term
  • Guaranteed1 Lumpsum payments are payable in the interval of 5 years in the form of cash payouts till 30th policy year or death, whichever is earlier, while the policy is in-force*.
  • Income Start Year options available are 2nd Policy Year, 5th Policy Year and (PPT+1)th Policy Year

Option 3- Large Sum Option

  • Maturity Benefit is equal to Sum Assured on Maturity## + Loyalty Sum Assured on Maturity plus accrued bonuses5,7, as applicable.
  • Loyalty Sum Assured on Maturity  is payable only for this Plan Option.
  • For Premium Paying Term (PPT) options 5 & 8 years, Policy Term (PT) of 10, 15, 20, 25, 30 is available.
  • For Premium Paying Term (PPT) options 10 & 12 years, Policy Term (PT) of 15, 20, 25, 30 is available.
  • For Premium Paying Term (PPT) options 15 years, Policy Term (PT) of 20, 25, 30 is available.

Choice of 6 Riders⁹ Flexi Savings Plan

Choice of 6 Riders⁹

Get Flexible Income Plan in just 4 steps! Flexi Savings Plan

Get Flexible Income Plan in just 4 steps!

1

Identify your Income Needs

  • Analyse your Savings Goals for your future
  • Choose an appropriate Premium Amount
2

Customize your Plan

  • Choose any of the 3-Plan Options
  • Add Life Cover Continuation Benefit option
  • Select Your Premium Paying Term, Premium Paying Frequency & Policy Term
  • Choose Income Start Year (for Flexi-Income Plan and Flexi-Income PRO Plan options)
3

Add Riders

  • The plan offers 6 riders
  • Select as per your needs for enhanced protection
4

Additional Benefits

  • Choose Accrual of Survival Benefit anytime during the policy term or at inception
  • Opt for Life Cover Continuation Benefit at inception
5

Sit Back and Relax

  • Submit the requested documents
  • Let us verify your details so you can start getting guaranteed¹ income!

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Har Sapna Karo Poora with Guaranteed¹ Savings!

Guaranteed¹ returns, enhanced cover option, tax benefits³, and more… all with premiums just Rs. 3,000/month^².

  • Choice to receive guaranteed¹ returns as lumpsum or in 5 equal annual instalments

  • Enhanced Cover option to secure your family with 20x the premium^⁴ paid

  • Guaranteed¹ savings & life cover for a policy term as high as 40 years

  • Family Income Benefit option to ensure your family doesn’t have to compromise on dreams

Capital Guarantee¹: Assurance Amidst Market Fluctuations

Market-linked returns, with an additional benefit of guaranteed¹ return of your total invested premium at maturity

  • Benefits of market-linked returns and guaranteed¹ lumpsum in one plan

  • Enhanced cover option with sum assured & booster additions

  • Little Star Benefit option to protect your child’s future

  • Tax benefits³ u/s 80c & 10(10d) to shield your savings

Future Guaranteed¹ Income, now possible!

Makes sure nothing gets in the way of you and your dreams.

  • Guaranteed¹ Income + Protection + Tax Benefits³ in one plan

  • Pick from 4 plan options basis life goals – Lumpsum, Short Term Income, Long Term Income & Retirement Income

  • Family Income Benefit option ensures your family doesn’t have to compromise dreams

  • 6 Riders available to enhance your plan⁹

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Fire Away Queries Flexi Savings Plan

Fire Away Queries

Like teachers say, there are no silly questions

Why should I invest in a savings insurance plan?

In today’s uncertain world, it is prudent to save for the rainy days. You would need to arrange for a second income in the later years of your life so that the external uncertainties don’t affect your future plans. A savings insurance plan ensures your future income is intact.

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Edelweiss Life – Flexi-Savings Plan is a life insurance plan designed to provide a protection to your family from any financial loss in case of an untimely death, and also provide a regular income and/or lumpsum to you and your family. It has various options to help you customise the plan as per your requirement.The plan offers 3 options to receive your income – Flexi-Income Option, Flexi-Income PRO Option and Large Sum Option.

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The product offers following three plan options.  You need to select one of the plan options at inception – Flexi-Income Option, Large Sum Option and Flexi-Income PRO Option.

The Premium Paying Term (PPT) and Policy Term (PT) vary based on the plan option chosen as follows: 

  • Plan Option ‘Flexi-Income Option’ & ‘Flexi-Income PRO Option’, you can choose from a premium paying term of 8, 10, 12 and 15 with a policy term of 30, 40, to age 100.
  • Plan Option ‘Large Sum Option’, you can choose from a premium paying term of 5 & 8, 10 & 12, and 15 years. 

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If you are someone looking for a flexible income source to meet your short-term or long-term goals, such as buying a car or paying for your child’s future, then you may opt for the Flexi-Income Option.

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This plan can cater to all your major milestones in life with guaranteed1 lumpsum returns at periodic intervals to fulfil your needs, such as buying a house at a certain age, a Flexi-Income PRO Option could be the right choice for you! Not only this, but you can also start your income journey as early as 2nd policy year

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If you are someone looking to plan for a peaceful retirement or buying your dream house you can choose the Large Sum Option. This option offers maturity benefit at the end of policy term.

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  • Cash Bonus5 in the form of cash payout is payable annually in arrears every policy year, if declared, starting from the Income Start Year till maturity or death, whichever is earlier, while the policy is in-force*.
  • Reversionary Bonus7 is not guaranteed1 and would be declared based on the performance of the par fund. 

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The minimum premium for annual mode is ₹50,000, for semi-annual mode is ₹25,600, for quarterly mode is ₹13,000 and for monthly is ₹4,400. There is no limit for maximum premium and is subject to board approved underwriting policy.

What is the minimum entry age to buy the plan?
The minimum entry age is 0 years.

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Maximum policy term of this plan is 100 years, in case of Flexi-Income and Flexi-Income PRO option. And in case of Large Sum Option, policy term is 30 years.

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Life Cover is available throughout the policy term, provided all premiums are paid and the policy is in-force.

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Yes, Life Cover Continuation Benefit and Option to Accrue the Survival Benefits are available.

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This plan offers Life Cover Continuation Benefit to extend life cover even beyond your policy term. You can opt for this benefit post the maturity of the policy. The Life Cover Continuation Sum Assured equal to 10 times annualized premium will continue on the life assured for a fixed period called ‘Life Cover Continuation period.’ The Life Cover Continuation period available will be based on the attained age at maturity (age last birthday).

There is an option to choose Life Cover Continuation Benefit at the inception of the policy subject to meeting all the following conditions:

  • The maximum attained age at maturity (age last birthday) is 75 years
  • The minimum Premium Paying Term is 10 years
  • The minimum Policy Term is 20 years

If Life Cover Continuation Benefit is opted, the maturity benefit payable would be equal to Sum Assured on Maturity## (SAM) plus Loyalty Sum Assured on Maturity (applicable only for Plan Option ‘Large Sum Option’) plus accrued Reversionary Bonus, if any plus Terminal Bonus, if any less Life Cover Continuation Benefit Cost provided the policy is in-force.

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Accumulate your survival benefit as per your preference with this option. At any point during the policy term, you will have the option to accumulate the survival benefits instead of cash payouts.
 

The guaranteed1 rate and the bonus rate would be applicable on the accrued survival benefits at the beginning of the policy year. You can choose to withdraw the entire accrued survival benefit at any point during the policy term. If the unpaid accrued survival benefit is not taken by the policyholder during the policy tenure, the same shall be payable along with benefits payable at the time of termination of the policy in the form of death, maturity, or surrender. This option can be availed under an in-force as well as a paid-up policy. You can choose to opt in or opt out of this feature multiple times and at any point during the policy term.

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A rider is an additional and optional benefit that you can choose, to enhance your plan.

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Following are the riders available with this plan:

  • Edelweiss Life - Accidental Death Benefit Rider
  • Edelweiss Life - Accidental Total and Permanent Disability Rider
  • Edelweiss Life - Critical Illness Rider
  • Edelweiss Life - Waiver of Premium Rider
  • Edelweiss Life - Payor Waiver Benefit Rider
  • Edelweiss Life - Income Benefit Rider

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Yes, you can get a policy loan once policy acquires surrender value.

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You have a period of 15 days from the date of the receipt of the policy document. Policies sold through Distance Marketing will have a free look period for 30 days.

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We will allow a Grace Period of 15 days where the Policyholder pays the Premium on a monthly basis, and 30 days in all other cases during which you must pay the Premium due in full. The Policy will be In-Force during the Grace Period.

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Flexi Savings Any Queries

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We are always there for you !

For queries, write to onlinesales@edelweisslife.in

Contact us on 022 6611 6027

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1- This is applicable only if all due premiums are paid and the policy is in-force. 

3- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.

9- Riders are Optional and available at extra cost. Please refer rider brochure for more details.

5- Cash Bonus is a non-guaranteed benefit in the form of cash payout, payable annually in arrears every policy year, starting from the Income Start Year till maturity or death, whichever is earlier, while the policy is in-force.

7- The Reversionary Bonus is not guaranteed and would be declared based on the performance of the par fund. But once Reversionary Bonus is declared, it becomes guaranteed to be payable.

9- Riders are available at extra cost

Edelweiss Life - Accidental Death Benefit Rider is only the name of an Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance Rider. UIN 147B002V04.
Edelweiss Life - Accidental Total and Permanent Disability Rider is only an Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance rider. UIN 147B001V04
Edelweiss Life - Critical Illness Rider is only the name of the Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance rider. UIN 147B005V04
Edelweiss Life - Waiver of Premium Rider is only the name of the Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance rider. UIN 147B003V05
Edelweiss Life - Payor Waiver Benefit Rider is only the name of the Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance rider. UIN 147B014V05
Edelweiss Life - Income Benefit Rider is only the name of the Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance rider.
UIN 147B015V02

*In-force means the status of the policy during the Policy Term when all the due premiums have been paid/waived off or the policy is not in a state of discontinuance.

##The Sum Assured on Maturity (SAM) is minimum guaranteed maturity benefit and is equal to SAM Multiple X Annualized Premium$ SAM Multiple varies by age, gender, PPT, PT, Plan Option, and Income Start Year

~ The payout is received at the end of the policy year.

Edelweiss Life – Flexi-Savings Plan is a Non-Linked, Participating, Individual, Savings, Life Insurance Plan. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the tax laws. The tax benefits under this Policy may be available as per the prevailing Income Tax laws in India.

Edelweiss Life Insurance Company Limited.
Flower & Edelweiss (as displayed above) are trademarks of Edelweiss Financial Services Limited used by Edelweiss Life Insurance Company Limited under license.

IRDAI Reg. No.: 147 | CIN: U66010MH2009PLC197336 | UIN: 147N075V02 | ARN : WP/3434/Oct/2023

Registered & Corporate Office: 6th Floor, Tower 3, Wing ‘B’, Kohinoor City, Kirol Road, Kurla (W), Mumbai 400070.

Toll Free No.: 1800 212 1212 | Fax No.: +91 22 6117 7833 | www.edelweisslife.in

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