Edelweiss Tokio Life | Wealth Gain Plus

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Think Wealth Accumulation With Insurance, Not Just Savings

In today’s progressive world, there are ample opportunities to prove yourself in your chosen field and to do well. We understand that as an achiever, you would want to make the most of your achievements by enjoying a good lifestyle or planning for some big moments in your life. You may want an early retirement which can be enjoyed in grand style or it could be an international education course for your child. However, it is also important to take necessary steps to take care of your family in all certain and uncertain events. This product provides life cover which will be useful to your family in case of unfortunate demise of the Life Insured.

UIN: 147L061V01 ARN: WP/0333/May/2019

Let's look at the case of Arjun


    While Arjun was evaluating different plans he came across Wealth Gain +. He was delighted to know that 100% of the premium amount would be invested in the fund of his choice and even the mortality charges* would be refunded on maturity.

    Arjun also has the flexibility to choose from 7 different individual funds based on his risk appetite Along with this, the product also offers loyalty and booster additions if he continues throughout the policy term.

    Arjun is now confident that Wealth Gain + will help him achieve his long term financial goals and also provide him tax benefits both on premium and maturity.

Check out our features

Benefits so good, they have to be true!

0% Allocation Charges

0% Allocation Charges

The plan offers:

  • NIL premium allocation charge
  • NIL policy administration charge
  • 100% refund of mortality charges*

0% Allocation Charges

Your entire premium amount is allocated to the funds with NIL deduction of allocation charges

0% Allocation Charges

0% Allocation Charges

The plan offers:

  • NIL premium allocation charge
  • NIL policy administration charge
  • 100% refund of mortality charges*

2 New Fund Offering

The Equity Blue Chip and Gilt funds have been added to the existing 5 fund offerings to cater to different types of investors.

2 New Fund Offering

2 New Fund Offering

 With Edelweiss Tokio Life – Wealth Gain+ you get two new fund offerings – Equity Blue Chip and Gilt fund that can help you build a diverse portfolio for wealth accumulation

Why you should opt for Equity Blue Chip fund?

  • Your money is allocated with India’s leading and trusted companies
  • It can help you build wealth, consistently for planned future goals
  • Lesser volatility offered by Bluechip stocks

Why you should opt for a Gilt fund?

  • Helps provide moderate returns that come with tax benefits^
  • If you have a moderate risk appetite
  • Minimizes the credit risk of the portfolio due to the nature of the investments made

Return of Mortality Charge

On the maturity date, 100% of the total amount of mortality charges deducted during the policy term will be added back to the fund value.

Return of Mortality Charge

Return of Mortality Charge

On survival till maturity date, the total Mortality Charges (excluding extra mortality charges due to sub-standard life and taxes as applicable) deducted during the Policy Term will be added to the fund value at the maturity date.

The Return of Mortality Charge is subject to following conditions:

  • All the due premiums payable under the policy are paid till the maturity date.
  • The amount of Return of Mortality Charge will be added in the same proportion as the fund value held in the unit linked funds at maturity. NAV applicable as on the maturity date will be used for the unitization, if applicable.
  • Return of Mortality Charge also include the mortality charges deducted from the Top-up fund value.
  • Return of Mortality Charge is not applicable for reduced paid-up policy.

Booster Additions

A percentage of last 60 month’s average of daily fund value is added at the end of 15th policy year and 20th policy year.

Booster Additions

Booster Additions

Booster Additions, as a percentage of last 60 month’s average of daily fund value (including Top-up fund value), is added at the end of 15th policy year and 20th policy year. The Booster Additions percentage is 0.50% for 15th policy year and 0.75% for 20th policy year.

Booster Additions will be added to the fund value on the last day of the 15th and 20th policy year and will be added in the same proportion as the total fund value held in the unit linked funds at the time of additions. The Booster Additions once added will form part of the fund value.

Booster Additions will not be added if the policy is in the reduced paid-up status and during the revival period.

Loyalty Additions

A percentage of fund value will be added to your fund Starting from the end of 10th policy year and applicable every year till the end of the premium paying term.

Loyalty Additions

Loyalty Additions

The Loyalty Additions are applicable for premium paying term greater than or equal to 10 years. Starting from the end of 10th policy year and applicable every year till the end of the premium paying term, Loyalty Additions will get added to your Fund Value.

The Loyalty Additions are calculated as 0.11% of the last 12 month’s average of daily fund value (including Top-up fund value) and will be added only if all the premiums which have fallen due have been paid for that policy year.

Loyalty Additions will be added to the fund value on the last day of the respective policy year and will be added in the same proportion as the total fund value held in the unit linked funds at the time of additions.

The Loyalty Additions once added will form part of the fund value. For reduced paid-up policy, Loyalty Additions will not be added after the policy becomes reduced paid up. However, Loyalty Additions added before the policy becomes reduced paid up would already have formed part of the fund value.

Maturity Benefit

At the end of the Policy Term, on survival you will receive the Fund Value as your Maturity Benefit.

Maturity Benefit

Maturity Benefit

You have an option to collect your Maturity Benefit in lump sum or in instalments by choosing the Settlement Option.

Settlement Option: Under this option, you need to choose:

  • ­Settlement Term (option of 1, 2, 3, 4 or 5 years)
  • Frequency of pay-out (yearly, half-yearly, quarterly or monthly instalments)

Once you have chosen the settlement term and the frequency, the amount paid out in each instalment will be the outstanding Fund Value as on that instalment date divided by the number of outstanding instalments.

Death Benefit

In case of unfortunate demise of Life Insured while the Policy is In-Force, your nominee will get the Death Benefit

Death Benefit

Death Benefit

The death benefit will be given:

Higher of:

              Fund Value; or

              Sum Assured less Relevant Partial Withdrawals#; or

              105% of total premiums paid

PLUS

Higher of:

              Top-up Fund Value; or

              Top-up Sum Assured; or

              105% of total Top-up Premiums paid.

 

For Reduced Paid-up Policy

In case of unfortunate demise of Life Insured while the Policy is reduced paid-up, following Death Benefit will be paid:

Higher of:

              Fund Value; or

              Paid-up Sum Assured less Relevant Partial Withdrawals#; or

              105% of total premiums paid

PLUS

Higher of:

              Top-up Fund Value; or

              Top-up Sum Assured; or

              105% of total Top-up Premiums paid.

In case of unfortunate demise of the Life Insured while the Policy is in Discontinuance Policy Fund, Discontinuance Policy Fund Value will be paid.

Investment Strategies

2 strategies to cater to your various investment needs

Investment Strategies

Investment Strategies

Life Stage & Duration Based Strategy 

In order to manage your risk appetite, as your age increases and the remaining policy term reduces, this strategy ensures that your money is moved from equity oriented fund (Equity Large Cap Fund) to debt oriented fund (Bond Fund).

Under this strategy, a proportion of the Fund Value will be allocated in Equity Large Cap Fund

 

Self Managed Strategy 

Under this strategy, you can decide to invest your money in your choice of fund(s) in any proportion. You can switch monies amongst these funds using the switch option.

Check if you are eligible for this product

Here are the rules! Ask us if any doubts.

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

The minimum age at entry is 18 years and the maximum age at entry is 45 years for premium paying term less than 10 years and 50 years for premium paying term greater than or equal to 10 years.

What is the minimum and maximum maturity age?
The minimum and maxi...

The minimum maturity age is 18 years and the maximum is 70 years.

What is the minimum and maximum premium paying term?
The minimum and maxi...

Under limited premium paying term option, the minimum is 5 years and the maximum is policy term-1.

Under regular pay option, the premium paying term is same as policy term.

What is the minimum and maximum policy term?
The minimum and maxi...

The minimum policy term is 10 years and the maximum is 20 years.

What is the minimum and maximum Top up sum assured under this plan?
The minimum and maxi...

The minimum and maximum sum assured is 1.25 times the Top up premium.

What is the minimum and maximum base sum assured under this plan?
The minimum and maxi...

The minimum and maximum sum assured is higher (10, Policy term/2) x Annualised premium.

What is the minimum and maximum Top up premium under this plan?
The minimum and maxi...

The minimum top up premium is 5000. The maximum total top up premium paid at any point shall not exceed the total of the base premiums paid at that point of time.

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

The minimum annualized premium is as shown in the table below.

PT

PPT

5 – 9 years

>= 10 years

10-14 years

48,000

36,000

15-19 years

36,000

30,000

20 years

24,000

18,000

There is no limit for the maximum annualized premium.

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Additional resources

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