Don’t you have the goal of being financially self-sufficient and for gaining greater wealth in the long term? What would be the plan that would combine the best of investment and insurance? Look no further. The Unit Linked Insurance Plan (ULIP) is designed to get you the most of your investment. ULIPs are savvy since your premium will be used efficiently to give you the best of both worlds.
How do ULIPs bridge this gap?
ULIPs use the premium both for insurance and investment purposes. Its inherent flexibility is such that you can even pick the percentage of premium that you would want to invest in the funds of your choice. Most ULIPs work on the principle of maximizing your wealth potential, while also providing comprehensive life cover. Your fund allocation for investment is based on what you want – be it either conservative or risky. Accordingly, you can pick either to invest in equity, debt instruments, or both. The rest of the premium is set aside for the purpose of life cover.
What makes Edelweiss ULIPs exemplary?
Keeping all this in mind, you can now go ahead and start looking out for plans. But in this search amongst all the plans in the market, you may hit a snag. You will discover that most ULIPs are more expensive than you think; there are numerous hidden charges like ones on switching funds, allocation charges and many others. Before you stall your search, take a peek at the Edelweiss Tokio’s website you will stumble on the Edelweiss Tokio Life Wealth Plus plan. This plan has eliminated most of the extra costs that plague most ULIPs. It provides you with unlimited options for switching funds and also unlimited premium redirection. Premium redirection in the simplest of terms is the transfer of funds from one investment unit to the other.
Now you see that switch between equity and debt instruments, becomes easier, and you are stuck investing through a single channel of funds. Wealth Plus has two unique strategies you can choose from: one, where our experts will make the investment decisions and invest your allocated premium on chosen funds and the other which gives you a choice to pick amongst five funds to invest in.
The USP of Wealth Plus
Your main priority is the protecting your family’s best interests, everything else is secondary. Whenever you devote your hard earned funds in a life insurance scheme, you are doing it with the worst eventuality in mind. Keeping this in mind, the Wealth Plus has added a Rising Star Benefit, through which your children’s interests will be secured. At any grave scenario, the amount will be funded immediately to the beneficiary. The entire fund value will be paid as a lump sum, and all the future premiums will be waived off. In this way, you can add valuable input to your existing ULIPs.
Take the step to invest
The internet has transformed the world for the better we can filter and find all the information we need at any time. Take the leap, and make the right choice to invest in the scheme that is crafted to provide you with the most sensible route to achieve your financial goals. ULIPs are the better vehicle for any new age investor since it will give multifold of what it takes.