IN THIS POLICY, INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
Reasons why this plan is a must have for employee benefit payouts
These additions boost your overall fund value and are added from the end of your 1st policy year.
You can choose from 4 funds with different objectives to get returns according to your risk appetite.
Switching is free and there is no cap on the number of switches. This facility will be available at any point of time.
You have the choice of redirecting your future premiums to different funds in anticipation of better returns.
Guaranteed¹ Loyalty Additions
Something extra comes your way! We like helping your wealth grow in every way, which is why we boost your fund value with Guaranteed¹ Loyalty Additions. These additions are added to your fund value from the end of the 1st policy year itself.
Play the game of choices! We have 4 different fund options - Group Growth Fund, Group Balancer Fund, Group Bond Fund and Group Money Market Fund. You can choose between them to decide how you want to invest your funds as per risk appetite.
No restrictions here! You can choose to switch between the multiple fund options without worrying about any extra charges or limitations. You can do this at any point in time with a minimum switching amount of Rs. 5,000.
No unnecessary charges here! This means we won’t charge you for things like premium allocation. You can alter the allocation percentages for future premiums by giving written notice to the Company. Redirection is applicable to the future premiums but will not affect the existing units.
We’ve got experience in helping people make their Zindagi unlimited
We’ve got expertise in helping you grow your wealth
We constantly innovate our offerings to get better results for you
I always discouraged my husband from buying this term plan because I thought what could happen to a 38 year old physically fit man suddenly? After he left, I found a policy in his drawer. Receiving the full amount of the sum assured meant a secure future for my 10 and 4 year old boys. You guys have been so co-operative, and I applaud Edelweiss Tokio Life for being so supportive.
I wanted to pen this email to echo my appreciation for the quality of service I experienced from Edelweiss Tokio Insurance. I had submitted an insurance claim for the demise of my spouse and in a matter of less than 1 week, the claim was settled. The paper work was smooth and your representative came and collected the documents when it was raining heavily in Mumbai. I very much appreciate the quality of your service, my huge thanks to associates who made this possible.
Timely followup and detailed information of staff helped me in buying the term plan and criti care plus. Got the term plan very quickly and hassle free.
Edelweiss Tokio has very good plans where insured is not covered for his untimely death but his loved ones are protected with benefits even after insured is no longer alive. Further, their claim process is extremely hassle free and quick. Their personal touch in ensuring my claim is processed makes them different from other life insurance companies.
I purchased the insurance policy from edelweiss with better rates as comparable to other companies , so it makes a remarkable and optimum benchmark for all the interested policy buyers
As an employer, you may need to accumulate wealth to provide employee benefits such as Gratuity and Leave Encashment. These could be considerable amounts and hence need to be planned for in advance. A group employee ULIP plan helps you to build a consolidated reserve for this purpose by investing into multiple funds.
Edelweiss Tokio Life Group Wealth Accumulation is a ULIP that provides fund management for various employee benefit schemes including Gratuity and Leave Encashment. Apart from the employment scheme benefits, every member will have a term insurance cover of Rs 1,000/- payable on death
The minimum group size required to take this plan is 10 members.
The minimum is 18 years and the maximum entry age is 79 years.
The maximum maturity age is 80 years.
The minimum and maximum policy term is not applicable to the product and the product will continue till the last member covered ceases/retires/resigns.
The minimum and maximum sum assured is ₹1000 per member.
The premiums can be paid through Annual, Semi-annual, Quarterly and Monthly mode.
The initial premium amount is ₹ 5 lakhs.
There are 4 funds available in this plan. They are as follows - Group Growth Fund, Group Balancer Fund, Group Bond Fund and Group Money Market Fund.
Yes, this plan offers unlimited free switched and premium redirection.
Partial withdrawals are not allowed under the plan.
The master policyholder may choose to surrender the master policy at any time during the policy continuing with us or as per IRDAI regulations at that point of time. There will be no surrender charges applicable. The surrender value is equal to the fund value at the time of surrender
You have the option to return the policy bond within 15 days from the date of receipt of the policy bond stating the reason for your objection. We would return the fund value as on date of cancellation along with the premium allocation charges, proportionate mortality charges for the remaining policy month and policy administration charges already deducted. We would however recover the stamp duty cost and cost of medical examination, if any.
There is no grace period applicable.
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0- Provided the premium paying term is more than or equal to 10 years.
1- This is applicable only if all due premiums are paid and the policy is in-force.
3- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
The Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year.
Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance of investment fund and factors influencing the capital market and the policyholder is responsible for his/her decisions. Edelweiss Tokio Life Insurance is only the name of the Insurance Company and Edelweiss Tokio Life - Group Wealth Accumulation is only the name of the unit-linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects, or returns. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. Investment risk in investment portfolio is the borne by the policyholder. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary or policy document of the Insurer. Tax benefits are subject to changes in the tax laws. Insurance is the subject matter of the solicitation. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding a sale.
IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336. UIN: 147L014V02.
Group Growth Fund: (SFIN No: ULGF00105/09/11GFGrowth147)
Group Balancer Fund: (SFIN No: ULGF00205/09/11GFBalancer147)
Group Bond Fund: (SFIN No: ULGF00305/09/11GFBond147)
Group Money Market Fund: (SFIN No: ULGF00405/09/11GFMoneymarket147)
ARN No : WP/1434/Feb/2021