Comments
Private insurer Edelweiss Tokio Life Insurance today launched Cashflow Protection, a non-linked, participating endowment assurance money back participating plan, that enables one to plan for important stages or milestones in life.
The plan aims to cover the needs of wealth accumulation, retirement and legacy transfer, the company said in a release issued here.
The entry age of Cashflow Protection is five years with an option of selecting the maturity age as 85, 90, 95 or 100 years, a protection for the whole life.
“We are indeed delighted to offer Cashflow Protection, a plan that caters to three important milestones, which include wealth accumulation, planning for retirement and creating a legacy for children and grandchildren,” Edelweiss Tokio Life Insurance CEO, Mr Deepak Mittal, said.
The minimum basic sum assured for the plan is Rs 75,000 with no upper limit and the premiums are based on the sum assured, premium paying term, entry age and gender of the life assured.
Besides, the plan also offers sharing of profits enabling one to earn higher returns through additional cash bonus, limited premium paying periods, discounts for higher sum assured and special discounts available for female lives and loans against the policy to meet unforeseen needs.
Edelweiss Tokio Life is a joint venture between Edelweiss Financial Services, a diversified financial services company, and Tokio Marine Holdings Inc, a global leader with over 130 years of experience in the insurance business.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.