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Financial Goals Which Can Be Perfectly Fulfilled by Edelweiss Tokio Life Wealth Plus

  9/3/18 6:18 AM

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A perfect portfolio should have a well-balanced investment mix and should not be dominated by a single asset class. To get a perfect recipe you need to make a responsible asset allocation with balanced ingredients like Equity, Debt, and Gold. The asset allocation is done according to the investor’s risk appetite, goals and time horizon for investment. For those who have high-risk tolerance, equity investments held for a long term can give good returns.

Aggressive investors can go for ULIP as they can prove a great investment idea. Unit Linked Insurance Plan, more popularly known as ‘ULIP’ is a life insurance product that provides insurance along with investment. Investment is offered in a variety of qualified investments such as stocks and mutual funds. ULIP has an edge over traditional insurance policies as it provides the policyholder with the opportunity to invest in a number of eligible investments along with the freedom to customize the plan according to their needs.

Edelweiss Tokio Life – Wealth Plus is a one of its kind unit-linked life insurance plan that meets your investment needs by investing 100% of your premium and further allocating an additional amount to your policy. The Plan also offers Rising Star Benefit that ensures that your child’s financial future is secured even in your absence.

Key highlights of Edelweiss Tokio Life Wealth Plus:

1. Additional allocations

Every year, additional allocations (as a percentage of one annualized premium) are added to the fund on every premium paid by you during the premium paying term thereby accelerating your wealth accumulation.

2. Invest money based on your risk

You have an option to choose one of your investment strategies based on your profile and risk appetite.

3. Rising star benefit

You can opt for Rising Star Benefit to ensure that your child’s future financial needs are taken care of even in your absence. On the death of the parent, a lump sum amount will be paid immediately. All future premiums would be waived off and immediately credited to your fund value by the Company plus all the applicable additional allocation will be added to the policy as and when due. Your child continues to enjoy the policy benefits.

4. Tax Benefit

Your premiums are exempt from tax under section 80(C) and even the maturity amount is exempt under section 10(10D). Tax benefits are subject to changes in the tax laws.

Edelweiss Tokio Life Wealth Plus allows you to switch between different funds without any additional charges. It is a new age ULIP plan that has no administration or policy charges.

If you are looking for a goal based investment strategy, then you can calculate how much wealth you can create here.


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