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Build Reserves For Your Employees Benefit Payouts

Edelweiss Life Group Employee Benefit Plus is a Life Insurance
Fund based product. This plan provides wealth accumulation solution
to employers for meeting the funding requirements of various
employee benefit schemes, like Gratuity & Leave Encashments.

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Employee Benefit Plus Additional Resources

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Secure your future by starting now and gaining a comprehensive understanding of the plan.
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Reasons Why This Plan Brings Benefits To Both You And Your Employees

Reasons Why This Plan Brings Benefits To Both You And Your Employees

Benefits of Edelweiss Tokio Life Group Employee Benefit Plus

Benefits of Edelweiss Life Group Employee Benefit Plus

Fixed life cover for everyone! We understand you want to look out for your employees. When you opt for Edelweiss Life Group Employee Benefit Plus, all your employees get a life cover of Rs. 5000.  

Lifecover

Give your employees the benefits they deserve! Opting for this plan will help you build a secured fund that you can use to pay your employees their dues like Gratuity and Leave encashments.

wealth-Protection

Grow with us! When you opt for this plan, an interest will be applied to your Policy Account Value every day. This rate of interest is determined every quarter and the minimum value is at least 0.5% p.a.

interesrcreditstopolicyaccount

Add some toppings ! With this plan, you can make top-up payments as and when required to maintain your Policy Account Value. These contributions to the fund are permitted to address the underfunding of the scheme. Your Policy Account Value should not reduce below Rs. 50,000.  

Top-up-Benefit

Don’t worry about taxes! Premiums paid are considered as business expenses and are eligible for tax benefit under section 37 of the Income Tax Act, 1961.

Tax-Benefits

How it works - Employee Benefit Plus

How it works!

1

Start Planning

  • Conduct need analysis
  • Choose your initial investment amount
2

Make Your Selections

  • Select your group size
  • Make investment payment
3

Sit Back and Relax

  • Submit the requested documents
  • Let us verify your details and let your journey with us begin!

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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

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

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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Reasons Why You’re Bound To Love Us Back

Reasons Why You’re Bound to Love Us Back

Here's Why Our Customers Adore Us - Employee Benefit Plus

Here's Why Our Customers Adore Us

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FAQs - Employee Benefit Plus

FAQs

Like teachers say, there are no silly questions

Why do I need a group employee benefit plan?

As an employer, you may need funds to provide employee benefits such as Gratuity and Leave Encashment. These could be considerable amounts and hence need to be planned for in advance. A group employee benefit plan helps you to build a consolidated reserve for this purpose.

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Edelweiss Life – Group Employee Benefit Plus provides wealth accumulation solution to employers for meeting the funding requirements of various employee benefit schemes, where the scheme does not maintain individual member accounts and only maintains a consolidated fund, such as, Gratuity and Leave Encashment schemes, where Employer will be the Master Policyholder. This plan caters to corporates, business establishments and other groups maintaining Gratuity and Leave Encashment schemes for its members.

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The minimum group size for this plan is 10 members.

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The minimum entry age is 18 years and maximum entry age is 80 years.

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The minimum initial contribution is ₹10 lakhs.

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The maximum maturity age is 81 years.

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The minimum and maximum policy term is 1 year.

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The minimum and maximum sum assured is ₹5000 per member.

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Yes, there is a mortality charge. A mortality cost will be charged to the Policy Account Value on a monthly basis at the start of each month. The mortality cost corresponding to average age of the Members of the scheme at the start of each policy year will be considered.

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There is no discontinuance charge. However, if at any point of time, the Policy Account Value falls below Rs. 50,000, the Master Policy will be foreclosed, and no other charges will be applied. The Policy Account Value shall be paid to the Master Policyholder.

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Market Value adjustment (MVA) may be imposed in case of bulk exit or complete surrender, where bulk exit is said to occur if the amount to be paid on total exits during the policy year exceeds 25% of the Policy Account Value of the scheme as at the beginning of the year, where exit shall be as per the scheme rules.

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This product offers a free look period of 15 days and that of 30 days in case of electronic policies and policies obtained through distance mode.

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Yes, this plan has a surrender value. The Master Policyholder may surrender the complete Policy at any time after serving minimum notice period of 15 working days. The surrender value shall be equal to the Policy Account Value on the day of surrender less applicable Surrender Charges less Market Value Adjustment, if any.

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In case of death due to suicide within 12 months from the date of risk commencement for the individual member or from the date of revival, the nominee or beneficiary of the individual member shall be entitled to at least 80% of the total premiums, provided the coverage is in force.

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There is no grace period applicable.

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We are always there for you!

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We are always there for you!

For queries, write to onlinesales@edelweisslife.in
Contact us on 022 6611 6018

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0-Provided the premium paying term is more than or equal to 10 years.

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

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

*5- Subject to a minimum of 0.5% p.a., shall be declared within 15 days at the beginning of the quarter

Edelweiss Life – Group Employee Benefit Plus is only the name of a Group, Non-Linked, Non-Par, Savings, Life Insurance Fund based Product with yearly renewable policy term and does not in any way indicate the quality of the plan, its future prospects or returns. 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. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding a sale.

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: 147N064V01 | ARN: WP/1422/Feb/2021
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

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRAUDULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint

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