Edelweiss Tokio Life-GCAP: One Policy, Many Benefits

By Rajanishkant

Think, when you need insurance policy, what happens? An insurance advisor contacts you, he/she tells about benefits of his/her company's product and according to his/her advice you have to choose his/her policy irrespective of your needs. But, in case of Edelweiss Tokio Life, you can design your product according to your own, according to your budget and according to your time horizon etc. The financial advisors will help you to understand your needs and prioritize them. Edelweiss Tokio Life's professional financial advisors will then assist you in deciding on the best financial solution, suitable to your needs.

If you are thinking to buy such types of policy which provide you protection as well as save Income tax, give guaranteed return for longer term and maximize your wealth, you should choose Edelweiss Tokio Life-GCAP. GCAP is able to fulfill all your needs.

Most of us only focus on our present needs but we should also focus on our future needs, because future is unborn and uncertain. Nobody knows what will happen tomorrow with us. Any emergency could happen. Think, then how your dependents will survive, should be a big question for everybody? So, it is better to plan today for ours tomorrow's needs. GCAP is here to help you.  You can also avail tax benefits under Section 80C and Section 10 (10D) of Income Tax Act, 1961. Premium paid for Critical illness rider, if, opted, may qualify for a deduction under Section 80D of the income tax Act, 1961. Remember, Tax benefits are subject to change in the tax laws. For this first we have to set our financial goals for our every life stages. For every individual three financial goals are important-Children's plan, his/her Retirement plan and second home plan.

> Why should you choose GCAP for Guaranteed returns for long term?
1-Interest Rates have been falling in all Asian Markets last 10 years
2-Even the fast growing economies like china, Thailand and South Korea,
it has come down to less than 5%
3-In Japan Interest Rate is negative
4-Will India follows the same path? Nobody can say with guarantee
5-But Edelweiss Tokio Life-GCAP returns are guaranteed for as long as
30 years
Product          
30 PT, 10 PPT
25PT, 10PPT
20PT, 10PPT
GCAP
5.23
5.33
5.39
And at well over 5%!
Here, PT is Policy Term and PPT is Premium Paying Term.

>Adjusting for Tax Benefit, returns are even better:
Tax Rate
30%
20%
10%
GCAP*
7.76%
6.87%
6.09%
*Age=35 Years/Premium=60,000/Policy Term=20 Years/
Premium Paying Term=10 Years

> How GCAP will secure your Child's Future:
1-Secure your child's Future by opting for Payor Waiver Benefit (PWB) rider.
This rider ensures that even in your absence continues to enjoy policy’s benefit without worrying about paying premiums
2-Opt For Installment option to map the benefit payout with child's education fees. Understand this option by example:
Assume PT-20 Years, PPT-10 Years,
Parent's Age-35 years,
GCAP Premium-60,000, PWB on Death Premium-688...
If Parent Pays Rs.60, 688 Premium for 7 years and unfortunately dies at Age 42. Then what will happen with option?
Remaining 3 Premiums are waived and policy continues:
                                 On Maturity,                    Child Receives : (in Rs)
SAM(Sum Assured On Maturity)
1,20,000
GAAs(Guaranteed Accrual Addition)=
8,36,082
LPB
15,000
Maturity Benefit
9,71,082
                      
> How to Enhanced Protection through Riders:
1-Cover against accidents at small amounts of Extra Premium
2-Policy Continues while eliminating the burden of Premium payment in case of Death, disease and disability
3-Provides Income replacement to the family in your absence
4-Provides income replacement to family in incidence of Critical illness.


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