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Group Wealth Accumulation - A ULIP Group Insurance Plan for Employee Benefit

A ULIP for employee benefit 

This is a non-participating unit linked group product. This product is intended to provide fund management for various employee benefit schemes including Gratuity, Leave Encashment which can invest in the funds offered by Edelweiss Tokio Life Insurance Co. Ltd. (here in after referred as “the Company”) in compliance with IRDAI regulations at any point of time. Apart from the employment scheme benefits every member will have a term insurance cover of Rs 1,000/- payable on death by the Company. The Company will make the funds available for making benefit payment by the employer to the employees on death, retirement, resignation and/or due to any other reason allowed under the scheme


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Benefits so good, they have to be true!

Benefits Payable to Member

Benefits Payable to Member

 Death:

- A fixed Sum Assured of Rs. 1000/- is paid on the unfortunate demise of the Life Assured.

- Benefits, as per scheme rules, are payable. However the company does not hold any obligation of payment to the members covered under the defined benefit schemes.

Guaranteed Loyalty Additions:

At the end of every policy year, loyalty units will accrue on the fund under management under each scheme. Loyalty units will be allocated to each scheme on the next working day of each policy anniversary date.

Benefits Payable to Member

Benefits, as per scheme rules, are payable. However the company does not hold any.....

Benefits Payable to Member

Benefits Payable to Member

 Death:

- A fixed Sum Assured of Rs. 1000/- is paid on the unfortunate demise of the Life Assured.

- Benefits, as per scheme rules, are payable. However the company does not hold any obligation of payment to the members covered under the defined benefit schemes.

Guaranteed Loyalty Additions:

At the end of every policy year, loyalty units will accrue on the fund under management under each scheme. Loyalty units will be allocated to each scheme on the next working day of each policy anniversary date.

Benefits to the Policyholder

Guaranteed loyalty addition to fund value starting from the first....

Benefits to the Policyholder

Benefits to the Policyholder

- Guaranteed loyalty addition to fund value starting from the first year.

- Choice of multiple funds to support varying risk appetites.

- Protects against the unforeseen circumstances of benefit payments under employee benefit scheme, such as Gratuity and Leave Encashment benefit payouts.

- Facilities such as switching, premium redirection at no extra cost.

- Premium paid by employer is deductible as business expense as per Income Tax Act 1961.

Check if you are eligible for this product

Here are the rules! Ask us if any doubts.

What is the minimum and maximum premium?
The minimum and maximum premium...

Minimum premium : Rs 5,00,000

Initial premium : Rs 10,000

What is the minimum and maximum entry age for this plan?
The minimum and maximum entry age...

Entry Age:

Minimum : 18 years

Maximum : 79 years

(Last birthday)

What is the maximum maturity age?
The maximum maturity age...

The maximum maturity age for life cover is 80 years

What is the sum assured allowed in this plan?
The sum assured allowed...

The sum assured is fixed at Rs 1,000 per member

What are the payment frequency options for this plan?
The payment frequency options for this plan....

Annual, Semi Annual, Quarterly and Monthly Mode

What is the minimum group size for this plan?
The minimum group size..

Minimum group size is 10

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Additional resources

Product brochure view & download pdf
Sample contract view & download pdf
Product disclaimer read more