27 Questions
What is the primary benefit of the Edelweiss Tokio Life Single Pay Endowment Assurance Plan?
It provides a guaranteed amount on Maturity
What is the range of life insurance cover provided by the Edelweiss Tokio Life Single Pay Endowment Assurance Plan?
Between 1.25 times to 10 times of single premium
What is the purpose of the Personal Financial Advisor in the Edelweiss Tokio Life Single Pay Endowment Assurance Plan?
To decide on the life insurance need and choose an appropriate premium amount
What is the Maturity Benefit in the Edelweiss Tokio Life Single Pay Endowment Assurance Plan?
It is a guaranteed amount throughout the term
What are riders in the context of the Edelweiss Tokio Life Single Pay Endowment Assurance Plan?
Additional benefits that can be bought along with the policy
How many reasons are mentioned in the text to opt for the Edelweiss Tokio Life Single Pay Endowment Assurance Plan?
4
What is the minimum premium required to purchase this insurance policy?
Rs. 40,000
What is the maximum sum assured on death?
No Limit, subject to board approved underwriting policy
What is the Special Surrender Value (SSV) of a policy calculated as?
Sum Assured on Maturity times the applicable SSV factor
What is the minimum entry age of the life insured for a 10-year policy term?
8 Years
What is the maximum loan amount available under the policy?
90% of the surrender value acquired under the Policy
How is the interest rate on the policy loan determined?
Based on the prevailing market conditions and SBI's Base Rate
What is the maximum maturity age for a 15-year policy term?
80 Years
What is the basis of the sum assured on death?
Higher of 125% of the Single Premium, Guaranteed Sum Assured on Maturity, or Rs. 4,00,000
What happens when the outstanding loan balance is 98% of the surrender value?
The company notifies the policyholder and they can repay all or part of the loan balance
When is the death benefit payable?
On death of the life insured
What is the current interest rate on the policy loan?
11.05% per annum
Who approves the interest rate methodology on the policy loan?
The IRDAI
What is the time period within which you can return the policy if the terms and conditions are not as per your expectations?
15 days
What is the purpose of the free look period?
To allow the policyholder to review the policy and return it if needed
What is deducted from the premium paid when returning a policy during the free look period?
Stamp duty and cost of medical expenses
Which section of the Insurance Laws (Amendment) Act, 2015 allows nomination?
Section 39
What is prohibited by Section 41 of the Insurance Laws (Amendment) Act, 2015?
Offering rebates on premiums
Which section of the Insurance Laws (Amendment) Act, 2015 allows assignment?
Section 38
What is the CIN of Edelweiss Tokio Life Insurance Company Limited?
U66010MH2009PLC197336
What is the Fax No. of Edelweiss Tokio Life Insurance Company Limited?
+91 22 6117 7833
What is the UIN of Edelweiss Tokio Life – Single Pay Endowment Assurance Plan?
147N018V03
Learn about the benefits and features of Edelweiss Tokio Life's Single Pay Endowment Assurance Plan, a non-linked, non-par, savings life insurance product. This plan provides a guaranteed amount at maturity and offers comprehensive life insurance cover. Discover the advantages of this plan and how it can help you achieve your financial goals.
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