Immediate Annuity Plan

Edelweiss Tokio Life –Immediate Annuity plan is an immediate pension plan that caters to the need of retirement funding. Make sure that you earn an annual income long after you quit working. A plan in which you pay once and you start getting lifelong pension immediately.

Key Features

  • Pay only once and avail immediate annuity benefits for lifetime.
  • Avail extra annuity benefits for higher premium amounts.
  • Option to avail annuity during your lifetime and leave lump-sum thereafter for your loved ones.
  • Option of annuity benefits for both - you and your spouse
  • Option to receive annuity benefits in yearly, half-yearly, quarterly or monthly installments


  • Maturity Benefit:
There is no maturity benefit in this plan.
  • Tax Benefit
The Premium(s) paid by you are eligible for tax benefit available under the provisions of Section(s) 80C, 80 CCC (1), 80D, 10(10D) as applicable
  • Death Benefit
On death during the annuity certain period of first 5/10/15/20 years from the policy commencement date, annuity is payable till the end of the 5/10/15/20th year from the policy commencement date to the nominee/legal heir.

Am I eligible?

ENTRY AGE 18 years 85 years
PREMIUM Rs.1,00,000 No Limit
PAYMENT MODES Yearly, Half-yearly, Quarterly and Monthly

What if?

I am unable to pay the premium

  • Grace period is of 30 days. The policy will remain in force during the grace period.If any premium remains unpaid at the end of the grace period, the policy shall lapse.

I stop the payment

  • On the completion of the grace period the policy will get lapsed and the benefits cannot be claimed on the death of the life insured.

I want to take a loan

  • No policy loan is available for this product.