Edelweiss Tokio Life -

GCAP
[An Individual, Non-Linked, Non-Participating, Savings, Life Insurance Product]

Overview:
We all save money to accumulate wealth and strengthen our finances to accomplish important life goals. Out of the
many life goals there are few which can not be left to chance and hence require assurance while planning for the same.
Keeping this in mind, we present Edelweiss Tokio Life – GCAP, a plan which provides guaranteed# benefits to meet
non-negotiable life goals along with life cover.

Product Description:
The Plan
• Is a Non-Linked, Non-Participating, Savings, Life Insurance Plan.
• Offers a combination of protection and savings under one plan.
• Provides additional benefits from 9th policy year through Guaranteed Accrual Additions.
• Gives extra benefit for higher premium.
• Provides multiple options of policy term and premium paying term to suit your requirements.
• Offers flexibility to the policyholder to receive maturity benefit amount either in lump sum or in installments
• Enables to make your cover more comprehensive through 6 rider options.
• Allows to avail tax benefits under section 80C and 10(10D) of the Income Tax Act,1961.
Tax benefits are subject changes in the tax laws.

Key Benefits:
Guaranteed Accrual Additions (GAA)
• Accrues every year, starting from the 9th policy year till maturity, at the beginning of the year.
• Depends on Annualized Premium, Policy Term, Premium Paying Term, Entry Age & Gender of life insured.
• Is calculated as a percentage of cumulative annualized premiums paid.
• Becomes payable on death or maturity, whichever is earlier.
Extra Benefit
• Is paid for higher Annualized Premium on maturity.
• Is being paid for every Rs. 20,000 premium exceeding Annualized Premium of Rs. 40,000.
Maturity Benefit
On survival of life insured till the end of policy term, maturity benefit becomes payable.
• Maturity Benefit = Sum Assured on Maturity (SAM) + Cumulative Guaranteed Accrual Additions(GAA)
• SAM = Premium Paying Term x Annualized Premium*
• SAM is payable in 5 equal annual instalments, starting from the date of maturity.
• Cumulative GAA is payable in lumpsum along with the first installment of SAM.
• Policyholder has the option to take the maturity benefit amount in lump sum anytime after maturity,
by discounting the remaining future installments at the rate of 6% per annum.
*Annualized premium is the premium payable in a year, excluding applicable taxes, rider premiums, underwriting extra premiums & loadings
for modal premiums, if any.

Death Benefit
On death of life insured during the policy term, death benefit becomes payable and the policy terminates.
• Death Benefit = Sum Assured on Death (SAD) + Cumulative Guaranteed Accrual Additions(GAA), if any
• SAD is higher of:
• 11 times of Annualized Premium for 5 Pay / 7 Pay / 10 Pay and 13 times of Annualized Premium for 12 Pay OR
• Sum Assured on Maturity (PPT x Annualized Premium) OR
• 105% of Total Premiums Paid^ upto the date of death
^Total of all the premiums paid excluding any extra premium, any rider premium & applicable taxes.
#
applicable only if all due premiums are paid and the policy is in-force
 Illustration:

Age of Life Insured 30 years (Male)

Annualized Premium (excluding applicable taxes) Rs. 1,00,000
Premium Paying Term (PPT) 10 years
Policy Term (PT) 20 years
Premium Payment Frequency Yearly

Total Maturity Benefit Payable in Installments Rs. 24,22,090

Amount payable as 1st Installment Amount payable as

Rs. 16,22,090 2nd, 3rd, 4th & 5th Installment
(SAM Rs. 2,00,000 (20% of SAM 10Lacs)
+ Cumulative GAA Rs. 13,77,O90 Rs. 2,00,000 each
+ Large Premium Benefit Rs. 45,000) (20% of SAM 10Lacs)

GAA will accrue to the policy each year from

9th policy year till 20th policy year
Total premiums paid during
10 yrs PPT Rs. 10 lacs

Policy Year 1 9 10 20 PT+1 PT+2 PT+3 PT+4

Considering the same case, if the policyholder wishes to take the maturity benefit as lumpsum at the end of policy term, the total maturity benefit
amount payable in lumpsum would be Rs. 23,15,111

Boundary Conditions:

Criteria Minimum Maximum

Entry Age (Last Birthday) 91 days 55 years

Maturity Age (Last Birthday) 18 Years 70 Years

Policy Term (PT) 10/ 15 / 20 / 25 / 30 Years
Premium Paying Term (PPT) 5 / 7 / 10 / 12 Pay
Premium Payment Frequency Annual, Semi-Annual, Quarterly, Monthly
Annual Rs. 15,000
Semi Annual Rs. 8,000
Premium No Limit
Quarterly Rs. 4,000
Monthly Rs. 1,500
Sum Assured on Death Rs. 1,65,000 No Limit

Note: For Policy Term of 10 years, only 5 pay and 7 pay (PPT) are allowed.

Edelweiss Tokio Life Insurance Company Limited

Registered Office: 6th Floor, Tower 3, Wing ‘B’, Kohinoor City, Kirol Road, Kurla (W), Mumbai 400070 | Corporate Office: 4th Floor, Tower 3, Wing ‘B’, Kohinoor City, Kirol Road, Kurla (W), Mumbai 400070
| Toll Free No.: 1800 212 1212 | Fax No.: +91 22 6117 7833 | www.edelweisstokio.in | IRDAI Reg. No.: 147 | CIN: U66010MH2009PLC197336 | UIN: 147N031V02 | Advt No.: OP/0742/May/2020
Disclaimer: Edelweiss Tokio Life – GCAP is only the name of an Individual, Non-Linked, Non-Par, Savings, Life Insurance Product and does not in any way indicate the quality of the contract, its
future prospects, or returns. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the
tax laws. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding a sale.
Flower & Edelweiss are trademarks of Edelweiss Financial Services Limited; Tokio is Trademark of Tokio Marine Holdings Inc. and used by Edelweiss Tokio Life Insurance Co. Ltd. under license.

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