Edelweiss Tokio Life Insurance
Edelweiss Tokio Life Insurance
  • Customer Service
    Customer Service
    • Report A Claim
    • Renew Your Policy
    • Payment Receipt
    • Premium Paid Certificate
    • Fund Statement
    • Register for E-Nach
    • Claim Tracking
    • Register Complaint
    • Update FATCA/CRS
    • Update Contact Detail
    • Unclaimed Amount
    • Contact Us
    • NB Payment Link
    • SI - Credit Card
    • Application Tracker
  • Our Products
    Our Products
    • Capital Secure+ – A combination of market-linked and guaranteed returns

    • Edelweiss Tokio Life –Wealth Rise+ – A double-advantage ULIP

    • Edelweiss Tokio Life – Premier Guaranteed Income – A guaranteed income plan

    • Edelweiss Tokio Life – Wealth Secure+ – A new generation ULIP

    • Edelweiss Tokio Life – Zindagi Plus – A comprehensive term plan

    • All Products
  • Resume Application
    Resume Application
  • Blogs
    Blogs
  • Knowledge Center
    Knowledge Center
    • Life Insurance
    • Term Insurance
    • Unit Linked Insurance Plans
    • Guaranteed Income Plans
    • Retirement Insurance
    • Health Insurance Plans
    • Child Plans
    • Covid Insurance
    • NRI Insurance
    • Investment Plans
    • Endowment Plans
    • Group Insurance
    • Micro Insurance
    • Sabse Phele Life Insurance
    • Income Tax
  • About Us
    About Us
    • Why Choose Us
    • Public Disclosure
    • Awards & Recognition
    • Testimonials
    • Our Funds
    • Careers
  • Login
    Login
    • Customer Login
    • Partner Login
  • FOR CUSTOMER SERVICE
    Mon-Sat (10 AM TO 7 PM)
    1800 2121 212
    FOR PRODUCT QUERIES
    (Give a missed call on)
    022 6611 6040
    • Customer Login
    • Partner Login
Icon
Icon

Thank You!!

Icon

Error Message!

Error

Icon

Error Message!

Error

In the News

How Ulips can help you grow your money; Find out

17 February 2020

In the recent years, new-age Ulips have attempted to change this perception by promoting the mantra of staying invested for wealth creation.

By Anup Seth, Chief Retail Officer, Edelweiss Tokio Life Insurance

They say, ‘The big money is not in the buying or selling, but in the waiting!’

The art of waiting is difficult to master. But, when wealth creation is your objective, waiting is the most crucial factor for its success. While the financial tool you choose is important, what matters equally is how long you stay invested in it. More often than not people believe waiting is detrimental to their investment. However, constantly monitoring, and intervening does not necessarily pay off. In some cases, it can lead to disaster.

In the recent years, new-age Ulips have attempted to change this perception by promoting the mantra of staying invested for wealth creation. The category, especially, has found higher relevance in the e-commerce era. The experience provided by the likes of Uber, Amazon and more has changed customer expectations. They now expect easy access through a simple, uncomplicated tool. Equipped with the right mix of flexibility, transparency, low-cost structure, and ease of on-boarding, these Ulips are fulfilling every new-age customer wants. No wonder then Ulips have fast become a lucrative investment option for meeting long- or short-term goals.

Another factor that has contributed to their popularity is the dampened risk appetite in light of the volatile market movements. Customers are looking for financial tools that help them keep their wealth insulated from any short-term, and intermittent shocks.

Here are some reasons why Ulips should be your preferred choice for wealth creation:

  1. i) Pure retail focus:

Ulips are an ideal option for retail investors. Most other investment vehicles see commingling of funds from institutional investors, HNIs, and the retail investors (who typically have smaller investments), and are susceptible to large swings in flows and therefore, the fund size. With a focus on acquiring bigger institutional or HNI customer, the investment mandate is focused more on smaller term strategy and assigns higher weightage on short term performance. Moreover, significant volatility in the AUM requires a sizeable allocation to liquid assets. These factors impact the longer term performance and can cause a dent in the returns for the retail investors.

The new-age Ulips do not face this design flaw and require the customer to lock-in their funds mandatorily for a period of 5 years. These 5 years allow the money to grow and fully provide the advantages of compounding.

  1. ii) Flexibility of asset class:

The current tax structure rewards a customer who stays with the same fund or asset class for a longer period. It does not account for the fact that a customer’s risk appetite, and expectation of returns can change over the course of time as per market momentum. So, a long-term customer who wants to shift from one security or fund to another has to forego a tax. A Ulip, however, accounts for this flexibility and does not have any tax implication.

A new-age Ulip offers diverse investment options – equity, debt, balanced funds and sub categories within each of these fund classes. It provides freedom to switch between these funds without any cost to generate better returns as many times as the customer chooses without any additional charge or tax implication. In fact, some products offer an option to automatically rebalance asset allocation as you grow older. As the age increases or policy nears maturity, the plan shifts asset allocation from riskier assets to conservative ones to preserve investment value without any tax implication.

iii) Protection throughout your life:

Ulips are designed with inherent benefits of protection and enable you to secure loved ones as per your growing needs. For instance, some Ulip plans allow you to include your spouse, and your children (as you progress through these life events) into your existing policy.

Whole-life option in Ulips is also a suitable tool for those planning their retirement. These products help you build a big corpus, with the much-needed cushion of protection. These instruments allow you to balance your risk appetite as per your growing age. Meaning, some Ulips in the market automatically shift your allocation to funds that carry lower risk.

  1. iv) No tax outgo:

All the benefits of the ULIP investment strategy listed above are sufficient to secure the vote of confidence of retail investors. However, the most impressive benefit of ULIPs is no tax liability at the time of redemption. This benefit is massive as the longer you stay invested, the higher is the wealth creation potential of your corpus.

In contrast, the longer you stay in any other investment vehicle the more your tax increases in tandem with the investment value.

There is no doubt that the new-age Ulips are designed to help investors effectively combine their goals of protection and wealth creation. As customer expectations evolve in the ecommerce era, both from the product itself and the online experience, Ulips will certainly keep the flag flying high for the insurance sector.

(Disclaimer: This is the personal view of the author. Readers are advised to consult their financial advisor before making any investment)

Do you know What is ? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

0

    Top Press Release

    #news

    Yielding independence in marketing

    23 Mar 2023

    8
    #news

    The pyramid of financial planning

    20 Mar 2023

    8
    #news

    20-day campaign ends with a marathon

    23 Feb 2023

    17
    #news

    Zindagi Express begins a 5,500-Km journey to raise Organ Donation awareness in India

    07 Feb 2023

    11
    #news

    Edelweiss Tokio Life rolls out campaign for organ donation

    05 Feb 2023

    7
    #news

    Zindagi Express reaches Bhopal to create awareness about organ donation

    24 Jan 2023

    6
    #news

    Edelweiss Tokio Life launches Premier Guaranteed STAR, a simplified income solution

    24 Jan 2023

    14
    #news

    Today’s Latest Business News, Finance and Share Market News at 5:30 pm on 24th January 2023

    24 Jan 2023

    4
    #news

    Edelweiss Tokio Life Premier Guaranteed STAR Plan: Features, Benefits and How it works

    24 Jan 2023

    11
    #news

    Bridging the organ donation divide

    23 Jan 2023

    17
    • About Edelweiss Tokio
    • All Plans
    • Customer Service
    • Legal
    • Support
    • About Edelweiss Tokio

      • About Us
      • Board of Directors, Committees and Resignations
      • Key Management Persons
      • Edelweiss Tokio Life CSR Policy
      • Terms and conditions of appointment of the Independent Directors
      • Testimonials
      • Customer Advisory
      • Our funds
      • Become An Advisor
      • The Buzz
      • Notice & Scrutiniser Reports
      • Careers
      • Sitemap
      • Whistle Blower Policy
      • Remuneration Policy
      • Annual Return
      • Awards & Recognition
      • Branch List
    • All Plans

      • Term Insurance Plan
      • Term Insurance Plans - Hindi
      • Unit Linked Insurance Plans
      • Guaranteed Income Plan
      • Investment Plans
      • Child Insurance Plans
      • Retirement Insurance Plans
      • Retirement Insurance Plans - Hindi
      • Group Insurance Plans
      • Endowment Plans
      • Micro Insurance Plans
      • Sabse Pehle Life Insurance
      • Life Insurance Plan
      • NRI Insurance Plan
      • COVID-19 Insurance Plan
      • Health Insurance Plan
    • Customer Service

      • Service Parameters & TAT
      • Renew Online
      • Riders
      • E-Statements
      • NAVs
      • Grievance Redressal
      • Products and Riders
      • Unclaimed Amount
      • Payment options
      • Account Value Declaration
      • Fund history
      • Application Tracker
      • NB Payment Link
    • Legal

      • Terms & Conditions
      • Privacy Policy
      • Chat Policy
      • Fund Benchmark
      • Email Disclaimer
      • Institutional Disclaimer
      • Insurance Disclaimer
    • Group Companies

      • Edelweiss Financial Services Limited
      • Tokio Marine Holdings Inc.
    • Support

      • File A Complaint
      • Live Chat
      • Call Back
      • FAQ
      • Pre-sales process
      • Contact Us
    • Important Links

      • IRDAI
      • Life Insurance Council
      • Insurance Ombudsman
      • Anti Fraud Policy
      • Public Disclosure
      • Premium Calculator
      • Do Not Call Registry
      • Corporate Agents
      • Discontinued Products & Riders
      • Bonus Rates
      • Public Disclosure-Agent List
      • Goods and Services Tax
      • Consumer Education
      • Pre-Sales Process
      • Downloads
      • Terminated agents
      • IRDAI on Spurious Call
      • Electronic Insurance Account
      • Edelweiss Tokio CSR Policy
      • T&C of Appointment of ID
      • Proposal Forms
      • Notice on cash collection
      • Compounding Calculator
      • Retirement Calculator
      • Income Tax
      • UW Philosophy for PLHA
      • UW Philosophy for Disability / Mental Illness
      • UW Philosophy for Transgender Persons
      • Organ Donation
      • Simplified Claim Process
    Registered & Corporate Office: 6th Floor, Tower 3, Wing ‘B’, Kohinoor City, Kirol Road, Kurla (W), Mumbai – 400070
    T: 1800-212-1212 F: (022) 6117 7833care@edelweisstokio.in https://www.edelweisstokio.in

    Edelweiss Tokio Life Insurance Company Limited. All Rights Reserved. Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company. IRDAI Regn. No.: 147. CIN: U66010MH2009PLC197336. Tax benefits are as per the Income Tax Act, 1961, and are subject to amendments made thereto from time to time. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding a sale. Flower & Edelweiss (as displayed above) 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. Edelweiss Tokio Life Insurance Company Limited. 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 This is a Private website owned by the Company. Unauthorized scanning of vulnerabilities and exploitation of the same is strictly prohibited. If you have been found to do so, Company may bring Civil and/or Criminal action and/or legal proceedings against you which shall be entirely at your costs and consequences.

    BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/ FRAUDULENT OFFERS

    IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

    Copyright © 2019 Edelweiss Tokio Life Insurance Company Limited. All rights reserved.
    • Term of Service
    • Privacy Policy
    • Term of Service
    • Privacy Policy