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Edelweiss Tokio Life – Group Wealth Accumulation

A ULIP for employee benefit

  • 01 To provide funds for making benefit payments
  • 02 Guaranteed Loyalty Additions
  • 03 Choice of multiple funds
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plan definition

This is a non-participating Unit Linked Insurance Plan 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. In compliance with IRDA regulations at any point of time. UIN No: 147L014V02

key features

1benefits 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.

2benefits 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.

additional resources

product brochure

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sample contract

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product disclaimer

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customer testimonials

  • Thanks for providing the good news that the policy has been issued.Yes,the service was very good from Edelweiss Tokio Life Insurance to avail this insurance within the scheduled time.I hope the same kind of support will continue for this long term relationship with Edelweiss Tokio.

    read more

    Kartik Nayak

  • Thank you for effectively closing the proposal.I would like to share my views regarding the service I received from Edelweiss Tokio and personally from Kaushik who has been my point of contact through out this transaction.Just to give you a background I work as Director with an IT MNC and I am someone who understands the insurance and Financial products very well.What was impressive with Edelweiss Tokio was the transparency in the whole process.I will be happy to suggest ET to my friends.

    read more

    Deepak Kulkarni

eligibility criteria

1 entry age (last birthday)

Minimum : 18 years

Maximum : 79 years
2 maximum maturity age (last birthday)

maximum maturity age for life cover is 80 years
3 sum assured

sum assured is fixed at Rs 1,000 per member
4 group size

minimum group size is 10
5 minimum premium

Minimum premium

Initial premium: Rs 5,00,000

Renewal premium : Rs 10,000
6 frequency of payment

Annual, Semi Annual, Quarterly and Monthly Mode

related blogs

  • buzz1

    Difference between ULIP and Mutual Fund

    read more
  • buzz1

    MF, ELSS, ULIP, or FD: And the winner is…

    read more

customer testimonials

  • Thanks for providing the good news that the policy has been issued.Yes,the service was very good from Edelweiss Tokio Life Insurance to avail this insurance within the scheduled time.I hope the same kind of support will continue for this long term relationship with Edelweiss Tokio.

    read more

    Kartik Nayak

  • Thank you for effectively closing the proposal.I would like to share my views regarding the service I received from Edelweiss Tokio and personally from Kaushik who has been my point of contact through out this transaction.Just to give you a background I work as Director with an IT MNC and I am someone who understands the insurance and Financial products very well.What was impressive with Edelweiss Tokio was the transparency in the whole process.I will be happy to suggest ET to my friends.

    read more

    Deepak Kulkarni

related blogs

customer testimonials

  • Thanks for providing the good news that the policy has been issued.Yes,the service was very good from Edelweiss Tokio Life Insurance to avail this insurance within the scheduled time.I hope the same kind of support will continue for this long term relationship with Edelweiss Tokio.

    read more

    Kartik Nayak

  • Thank you for effectively closing the proposal.I would like to share my views regarding the service I received from Edelweiss Tokio and personally from Kaushik who has been my point of contact through out this transaction.Just to give you a background I work as Director with an IT MNC and I am someone who understands the insurance and Financial products very well.What was impressive with Edelweiss Tokio was the transparency in the whole process.I will be happy to suggest ET to my friends.

    read more

    Deepak Kulkarni

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