IN THIS POLICY, INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
Edelweiss Tokio Life - Wealth Secure+ is a savings plan which helps you secure multiple goals like growing wealth, save for your child's education or planning a stress-free retirement. The plan offers a triple advantage of Life Cover + Savings + Tax Benefits³ with an opportunity to earn market linked returns by investing just Rs. 2500/month.
Online purchase is quick and allows you to understand the benefits of the policy even better.
Asia's Best Insurance Company Award for CSR Activity & Digital Sales Channel^¹
Our Promise of Integrity - 97.01% Claim Settlement Ratio for FY 2021.
BFSI Excellence - Life Insurance Company of the Year 2021^²
Best Customer Experience & Contact Center Management - Life Insurance 2021^³
In today’s uncertain world, it is important to save for the rainy days. You need to arrange for stable funds to fulfill your ambitions and to support you in your later years. A savings insurance plan ensures that your and your family’s future is secured, even in uncertain times.
You would want to reap the rewards of your hard work by enjoying a good lifestyle or planning for the big moments in your life. For this, you need a plan that lets you save as little or as much as you like. Edelweiss Tokio Life Wealth Secure+ is savings plan that comes with a life cover to protect you and your family from all future uncertainties and fulfill all your aspirations.
This plan can help you save for all kinds of goals – big or small. You may want to save for an international holiday, for an early retirement which can be enjoyed in grand style or for an international education course for your child.
There are 3 life cover variants available with this plan. The first is the Life Cover option that ensures financial protection to your family in case of your unfortunate demise. The second option is Joint Life Cover which covers you and your spouse in the same policy. The third option is Child Cover, which enhances protection for your child by continuing the policy when you’re no longer around.
For a plan with a premium paying term less than 10 years, the minimum annualized premium is Rs.24,000 and there is no limit on the maximum amount. In case you have opted for a premium paying term greater than or equal 10 years, the minimum annualized premium is Rs.12,000.
For a plan with a premium paying term less than 10 years, the minimum annualized premium is Rs. 48,000 and there is no limit on the maximum amount. In case you have opted for a premium paying term greater than or equal 10 years, the minimum annualized premium is Rs.24,000. There is no limit on the maximum amount.
The premium paying term when you opt for the regular pay option is the same as the policy term. In case you opt for the limited pay option, the premium paying term will be calculated as 5 years - (Policy term minus 1) years.
Minimum sum assured is 7 x annualized premium, and maximum sum assured is 10 x annualized premium.
The minimum policy term when you opt for base (Option 1) is 5 years and the maximum policy term is 25 years. If you opt for base (Option 2 – the whole life option), the policy term is 100 minus entry age. For both the child and life partner variants, the minimum policy term is 5 years and the maximum policy term is 25 years.
The minimum maturity age for the Base variant having premium paying term less than 10 years is 18 years and the maximum maturity age in this case is 70 years. For premium paying term equal to or more than 10 years, there are 2 options. For Option 1, minimum maturity age is 18 years and maximum is 70 years. For Option 2, the maturity age is 100 years.
For premium paying term less than 10 years, the minimum maturity age is 23 years and maximum maturity age is 55 years. For premium paying term equal to or more than 10 years, the minimum maturity age is 23 years and maximum maturity age is 60 years.
You can start your savings at just Rs. 1,000 per month with this plan.
Yes, this plan covers death due to COVID-19.
There are 3 fund additions you get with this plan. The first is the loyalty additions that are added from the 6th policy year at the end of each policy year. The second is the booster additions which are added at the end of 10th policy year and every 5th policy year thereafter. The third is the maturity addition that is added when your plan matures.
The 7 fund options are as follows:
The 7 funds are mixed in a way to suit your risk appetite. Some people like to play with higher risks, while others prefer to take moderate risks. Funds like Equity Large Cap Fund, Equity Top 250 Fund, Equity Mid-Cap Fund, Equity Blue Chip Fund have high risks, Managed Fund has medium risks, and Gilt Fund has low to medium risks.
There are flexibilities offered with the policy term, premium paying term, and premium paying frequency. You get unlimited free switches between funds and unlimited premium redirection if opted for self-managed strategy. You also have flexibilities if you wish to opt for partial withdrawals and Systematic Withdrawal Plan.
There are no charges on premium allocations, top-up allocations, switching funds, premium redirections or partial withdrawals. fund management charges are a percentage of the asset value of the relevant fund and will be reflected in the NAV of the respective fund. Policy admin charge is Rs.600 @ 8% p.a. fund growth rate.
No, these charges become zero from the 5th year onwards.
You have a period of 15 days from the date of the receipt of the policy document. Policies sold through distance marketing will have a free look period for 30 days.
In case of death due to suicide within 12 months from the date of commencement of policy or from the date of revival, your nominee or beneficiary shall be entitled to the available fund value as on date, of the intimation of death.
Grace Period of 30 days is available for Annual, Semi-Annual and Quarterly premium payment modes and 15 days for Monthly premium payment mode.
^^ Applicable where the taxable income exceeds Rs. 5 crores. Tax benefit of ₹ 64,116 is calculated at highest tax slab rate of 30% (in addition to income tax, a surcharge of 37% is applicable where the Taxable Income exceeds 5 Crores) on life insurance premium u/s 80C of ₹ 1,50,000. As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
** Illustration for Life Insured - Age: 25-year-old (male) | Annualized Premium: Rs. 60,000 (excluding taxes) | Policy Term: 20 years | Premium Paying Term: 10 years | Premium Paying Frequency: Monthly | Plan Option : Base| Investing For: Himself | Fund Management: Self-Managed | Systematic Withdrawal Plan: No | Distribution Channel: Online | Maturity Benefit Received by Policyholder: Rs. 16,15,525 at 8% and Rs. 9,08,729 at 4%
+ Illustration for Life Insured - Age: 25-year-old (male) | Annualized Premium: Rs. 24,000 (excluding taxes) | Policy Term: 20 years | Premium Paying Term: 12 years | Premium Paying Frequency: Monthly| Plan Option : Base| Investing For: Himself | Fund Management: Self-Managed | Systematic Withdrawal Plan: No | Distribution Channel: Online | Maturity Benefit Received by Policyholder: Rs. 7,21,713 at 8% and Rs. 4,18,881 at 4%
~ Illustrations for Life Insured - Ages: 25-year-old (male), 35-year-old (male), 45-year-old (male) | Annualized Premium: Rs. 60,000 (excluding taxes) | Policy Term: 20 years | Premium Paying Term: 10 years | Premium Paying Frequency: Monthly| Plan Option : Base| Investing For: Himself | Fund Management: Self-Managed | Systematic Withdrawal Plan: No | Distribution Channel: Online | Maturity Benefit Received by Policyholder: Rs. 16,15,525 at 8% & Rs. 9,08,729 at 4%, Rs. 16,09,587 at 8% & Rs. 9,05,004 at 4%, Rs. 15,83,357 at 8% & Rs. 8,88,744 at 4%.
* Tax benefit of ₹ 46,800 is calculated at highest tax slab rate of 30% (in addition to income tax, cess of 4% is also applicable) on life insurance premium u/s 80C of ₹ 1,50,000. As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
1- With this plan, you have an option to withdraw a part of fund value, after 5th policy year, as per your liquidity requirements, free of cost.
To maximise your savings, this plan provides additional allocation as follows: A. Loyalty Additions: Added from the 6th policy year at the end of each policy year B. Booster Additions: Added at the end of 10th policy year and every 5th policy year thereafter C. Maturity Addition: Added at maturity. For more details please read the sales brochure separately.
2- The minimum premium amount under this plan us ₹ 3,000/- per month. The premium amount is applicable when annualized premium paying term is greater than or equal to 10 years.
3- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
^¹ - Festival Of Insurance Awards 2020 on Sahara Samay Hindi News Channel on 27th December, 2020 - YouTube. For CSR Activity and Digital Sales Channel (Insurance Alerts Excellence Awards 2020)
^² - https://cloud-user-recordings-ffmpeg-converted-prod.s3-ap-south-1.amazonaws.com/recordings/ccd117b0-be48-11eb-9782-b590083730e8/3b7e25a3-b9b4-47b0-9f68-70eeb8062d60/ccd117b0-be48-11eb-9782-b590083730e8_0001_474830a2.mp4 (Awarded by Quantic Business Media BFSI Excellence Awards 2021)
^³ - https://thealdenglobal.com/inflection-conference-awards/
^⁴ Claim statistics are for Financial Year 2020-21 and is computed basis individual claims settled over total individual claims for the financial year. For details, refer to Public Disclosures in our Website
Edelweiss Tokio Life Insurance Company Limited.
IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336. UIN: 147L062V01. | ARN: LP/2528/Apr/2022
Registered & Corporate Office: 6th Floor, Tower 3, Wing ‘B’, Kohinoor City, Kirol Road, Kurla (W), Mumbai 400070.
Toll Free No.: 1800 212 1212 | Fax No.: +91 22 6117 7833 | www.edelweisstokio.in
Flower & Edelweiss are trademarks of Edelweiss Financial Services Limited; Tokio is Trademark of Tokio Marine Holdings Inc. and used by Edelweiss Tokio Life Insurance Co. Ltd. under license.
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. Edelweiss Tokio Life Insurance is only the name of the Insurance Company and Edelweiss Tokio Life – Wealth Secure+ 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. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary or policy document of the Insurer. 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. Tax benefits are subject to changes in the tax laws. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding a sale.