You are always striving to fulfill the dreams & goals of your family and loved ones. These could include higher education or wedding of your children, supporting your retired parents or simply for a self-reliant retirement. However, life also has its share of uncertainties and risks. In a world which is ever changing, there’s finally one thing that won’t change - your financial security. That’s why you need Edelweiss Life - Income Builder - the plan that helps you build a second source of income to fulfill all your goals. 

You can choose how you want to pay your premiums according to your convenience. This can be done on an Annual, Semi-Annual, Quarterly or Monthly basis. 

There are 2 plan options with Edelweiss Life Income Builder. These are the Base plan option and the Secured Income option.

This option pays you your maturity benefit for fulfilling your dreams. It also provides life insurance cover to take care of loved ones in case of your unfortunate demise.

This option ensures that in case of an unfortunate event of death or diagnosis of covered Critical Illness, your loved ones don’t have to compromise on their dreams. With this plan, they will continue to receive the payouts during the payout period without paying any future premiums.

Yes, this plan covers death due to COVID-19.

For the Base option, you can either pay via Single Premium - paying your entire premium amount in one go or via Regular Premium - paying your premium in the form of installments over a given period.

For the Secured Income option, you can pay via Regular Premium.

For the Single Premium option, the minimum premium amount is Rs. 1,00,000. For the Regular Premium option, the minimum premium amount is Rs. 30,000.

For the Single Premium option, the minimum sum assured on death is Rs. 1,10,000. For the Regular Premium option, the minimum sum assured on death is Rs. 3,00,000. For maximum sum assured death, there is no limit as it is subject to board approved underwriting policy.

For the Base option, the minimum age at which you can get this policy is 6 years and for the Secured Income option, you can get it at 18 years of age. The maximum age till you get the policy with the Base option is 55 years of age. For the Secured Income option, you can get it till 50 years of age. 

There are 2 options to receive it. The first is via Regular Income - where you get your maturity amount in the form of installments. You can also receive your returns via the Regular Income plus Lump Sum option - where you receive a lump sum amount along with your last installment.

You can choose to receive your regular income any date you want. You just have to inform us and we will ensure that you receive your regular income instalments on that date of a month by advancing your First Payout Date by a maximum of 30 days. 

This benefit is only available with the Secured Income option. If you are diagnosed with one of the covered Critical Illness conditions, during the policy term and while the policy is in-force, we will pay the critical illness sum assured as lump sum provided you have survived for a period of 30 days following the date of diagnosis.

The 12 critical illnesses covered by this plan are as follows:

1. Cancer of Specified Severity

2. Open Chest Coronary Artery Bypass Graft

3. Myocardial infarction (First Heart Attack of Specified Severity)

4. Open Heart Replacement or Repair of Heart Valves

5. Kidney Failure Requiring Regular Dialysis

6. Third Degree Burns

7. Major Organ/ Bone Marrow Transplant

8. Permanent Paralysis of Limbs

9. Stroke resulting in permanent symptoms

10. Major Surgery of Aorta

11. Coma of Specified Severity

12. Total Blindness

A rider is an additional benefit that you can opt for, to enhance your plan

Following riders are available with this plan:

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

Yes, you can avail of a loan under the policy once the policy acquires surrender value.

Guaranteed Surrender Value (GSV) is a specific percentage of total premiums paid till the date of Surrender.

You have a freelook period of 30 days from the date of the receipt of the policy document for the policy issued after 1st April, 2024 and processing TAT for same is 7 days.

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-force.

We allow a Grace Period of 15 days, where you pay the premium on a monthly basis, and 30 days in all other cases.

Yes, this plan covers death due to COVID-19.