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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