EDGE is a non-linked, non-participating, individual life insurance savings product designed to secure your family’s future with continuous immediate payouts without compromising on your family’s security. It offers unparalleled flexibility to manage your present needs and future ambitions. Combining protection with a guaranteed return on savings, we offer customizable solution that provides protection from against life’s uncertainties and guaranteed returns to meet needs of your family, ensuring financial security for your loved ones.
Key Benefits
Guaranteed Benefit with two plan options : Insta Income and Early Income to suit your short term and long term goals.
Life cover to ensure financial security of your family
Option to avail Insta Cashback upto 30% of Annualized Premium on Policy Issuance
Receive stream of regular income starting as soon as from 13th month onwards
Flexibility to avail Guaranteed Income up to 40 years for your long term goals
In-built Value Added Services for wellbeing of your health
Tax Benefits as per prevailing norms under the Income Tax Act, 1961 as amended from time to time
*Conditions Apply – The guaranteed benefits are dependent on policy term; premium payment term availed along with other variable factors. For more details, please refer to sales brochure.
# Tax Benefits as per prevailing Section 10(10D) and Section 80C (under the old tax regime) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advise for eligibility before claiming any benefit under the policy.
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Parameter |
Variant – Insta Income and Early Income |
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Entry Age |
Minimum: 91 days* Maximum: 55 years *Risk cover starts from date of commencement of policy for all lives including minors. In case of a minor life, the policy will vest on the Life Insured on attainment of age 18 years |
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Maturity Age |
Minimum: 21 years Maximum: 86 years |
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Premium Payment Term (PPT) |
6 years/ 7 years / 10 years/ 11 years / 12 years |
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Deferment Period |
Minimum: 1 year Maximum: 5 years Deferment Period will commence from inception of the policy & will be applicable only for Guaranteed Income. |
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Income Benefit Period |
20 years / 30 years / 40 years |
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Income Benefit Frequency |
Following modal loadings will be used to calculate installment Guaranteed Income. Income Benefit Frequency is only applicable for Guaranteed Income & will be same as Premium Payment Mode
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Policy Term |
Minimum: 21 years Maximum: 45 years Policy Term = Deferment Period + Income Period |
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Insta Cashback % |
Cashback upto 30% of annualized premium (Applicable on policy inception for Insta Income plan option & cannot be changed once policy is issued.) |
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Premium Levels |
Minimum: ₹ 1,00,000 p.a. Maximum: No limit, subject to Board Approved Underwriting Policy (BAUP) |
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Premium Paying mode |
Yearly (Insta Income) Yearly, Half-yearly, Quarterly, Monthly (Early Income) |
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Modal Factor |
Yearly– 100% , Half yearly– 51% , Quarterly– 26% , Monthly– 8.8% |
Insurance is a subject matter of solicitation. Sharekhan Ltd. acts solely as a distributor of Life Insurance and does not underwrite risks or process claims. For detailed Insurance Disclaimer and other details, click here.
