Wealth Plus - A ULIP Plan with Investment and Child Insurance Plan Benefit

Our kids are the most important thing for us, especially their financial well being in our absence. Opt for Rising Star Benefit to ensure that your child’s future financial needs are taken care of in your absence. On death of the parent, a lumpsum amount will be paid immediately. All future premiums would be waived off and immediately credited to your fund value by the Company. Over this all the applicable additional allocations will be added to the policy as and when due. Your child continues to enjoy the policy benefits and receives the amount on maturity.

We understand everyone has their own preference when it comes to making their investment. Hence we provide you an option to choose one of the following investment strategies based on your profile and risk appetite:

Life stage and duration based strategy: You kick back and relax, We will manage your asset allocation. This creates an ideal balance between equity and debt based on your age and years to your goal.

Self-managed strategy: Where in your money will be allocated to your choice of fund(s) offered by us

We all strive to save as much tax as we can. With Edelweiss Tokio Life - Wealth Plus your premiums are exempt from tax under section 80(C) upto Rs.1,50,000. Even the maturity amount is exempt from tax under section 10(10D). Tax benefits are subject to changes in the tax laws.

No matter how well we plan, life will always be unpredictable. Unexpected expenses can creep up on us at any time. Keeping this in mind we let you withdraw a part of your fund value as per your liquidity requirements at any time after the completion of the fifth policy anniversary, subject to following conditions:

a) The Life Insured has attained the age of 18 years.

b) Partial Withdrawals will be first adjusted from the Top-Up Fund Value (which excludes the Top-Up Premium locked in for 5 years), if available and then from the Policy Fund Value. There is a lock-in period of five years for each top up premium from the date of payment of that top up premium for the purpose of partial withdrawals.

c) Minimum amount that can be withdrawn is Rs. 500 per withdrawal.

d) You can make unlimited number of partial withdrawals as long as the resultant Fund Value after payment of such partial withdrawal is greater than or equal to 105% of total premiums paid (Including Top-up Premiums).

e) The partial withdrawals will not be allowed which would result in termination of a contract.

f) The partial withdrawals are free of cost.

The advantage with ULIP's is that they provide an return on investment along with a life cover. In case of your unfortunate demise while the policy is in-force, the death benefit payable to your nominee will be:

Highest of

a) Fund Value OR

b) Sum Assured less partial withdrawals OR

c) 105% of total premiums paid