Wealth Plus - ULIP With Rising Star Benefit

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The New Generation ULIP That Adds MORE!

Every ULIP offers investment plus insurance, but what’s different about Edelweiss Tokio Life - Wealth Plus? Wealth Plus is a new generation unit linked life insurance plan that meets your investment needs by investing 100% of your premium and further allocating an additional amount up-to 7% to your policy. The plan also offers Rising Star Benefit that ensures that your child’s financial future is secured even in your absence.
UIN: 147L055V01

Lets look at the case of Alok.


    Alok started working right after graduation. He spent his first 3-4 years spending money on all the things he loved to do. Now he is 25 and thinks it’s time to be financially responsible. He wants to invest, but he doesn’t know where. He is looking for what he calls ‘the perfect balance’ – high returns along with safety and security.

    After researching a little he came across ULIPs like Edelweiss Tokio Life – Wealth Plus. He was impressed by its ‘additional allocations’and past fund performance. The idea of a company adding to your funds appealed to him. He got all the information he wanted from the customer care and finally decided to invest in the plan for a good 20 years.

    Now he knows that these allocations start from 1% for the first 5 years of the policy and increase to 3%,5% and 7% every 5 years. This helps him enhance his wealth even faster. Alok was very proud of his very first investment decision and recommends the same to all his friends.

Check out our features

Benefits so good, they have to be true!

Additional Allocations

Additional Allocations

Who doesn't like a little extra! Every year, additional allocations (as a percentage of one annualised premium) are added to the fund on every premium paid by you during the premium paying term thereby accelerating your wealth accumulation.

This means if you invest Rs 1,00,000 every year, we add Rs 1,000 per year for the first 5 years, Rs 3,000 per year for the 5 years after that, upto Rs 7,000 every year in the last 5 years of the policy.

Policy Year

Extra Allocations / Premium Boosters

1 to 5

1%

6 to 10

3%

11 to 15

5%

16 to 20

7%

Additional Allocations

In addition to allocating 100% of your premium paid, we provide additional allocation up-to 7% every year

Additional Allocations

Additional Allocations

Who doesn't like a little extra! Every year, additional allocations (as a percentage of one annualised premium) are added to the fund on every premium paid by you during the premium paying term thereby accelerating your wealth accumulation.

This means if you invest Rs 1,00,000 every year, we add Rs 1,000 per year for the first 5 years, Rs 3,000 per year for the 5 years after that, upto Rs 7,000 every year in the last 5 years of the policy.

Policy Year

Extra Allocations / Premium Boosters

1 to 5

1%

6 to 10

3%

11 to 15

5%

16 to 20

7%

Rising Star Benefit

To cater to your children's future financial needs even in your absence

Rising Star Benefit

Rising Star 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.

Investment Strategies

We offer you two strategies to cater to your various investment needs

Investment Strategies

Investment Strategies

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

Tax Benefits

Get tax exemptions on your premiums and maturity amount

Tax Benefits

Tax Benefits

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.

Easy Liquidity

We provide an option to partially withdraw money in case of emergencies from the 6th policy year

Easy Liquidity

Easy Liquidity

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.

Death Benefit

Your family would receive a lumpsum amount in case of your unfortunate demise

Death Benefit

Death Benefit

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

Check if you are eligible for this product

Here are the rules! Ask us if you have any doubts.

What are the available premium paying frequencies?
Premium Paying Frequency
Annual 

Half – Yearly 

Quarterly

Monthly
What’s the minimum and maximum annualized premium?
Annualized premium
For Annual,

Minimum: Rs. 36,000

Maximum: No Limit


For Other Frequency,

Minimum: 

PPT 5 to 10 years – Rs. 60,000
PPT > 10 years – Rs. 36,000
What’s the minimum and maximum top-up sum assured (based on attained age)?
Top-up Sum Assured (Based On Attained Age)
For 1 - 44 years,

Minimum: 1.25 x Top-up Premium

Maximum: 1.25 x Top-up Premium

For 45 years and above,

Minimum: 1.10 x Top-up Premium

Maximum: 1.10 x Top-up Premium
What’s the minimum and maximum policy term?
Policy Term
Minimum - 10 years
Maximum - 20 years
What’s the minimum and maximum maturity age?
Maturity Age (as on last birthday)
Minimum – 18 years

Maximum – 70 years
What’s the minimum and maximum top-up premium?
Top-up Premium
Minimum: Rs. 5,000

Maximum: At any point of time the total top-up premiums paid shall not exceed the total of the base premiums paid at that point of time.
What’s the minimum and maximum entry age?
Entry Age (as on last birthday)
Minimum – 1 year

Maximum – 55 years
What’s the minimum and maximum entry age for applying for the Rising Star Benefit?
Rising Star
Entry Age for Life Insured:

Minimum: 1 year

Maximum: 17 years


Entry Age for Policyholder:

Minimum: 18 years

Maximum: 55 years

Maturity Age for Life Insured:

Minimum: 18 years

Maximum: 37 years


Maturity Age for Policyholder:

Minimum: 28 years

Maximum: 70 years
What is the sum assured in the event of an untimely demise?
Sum assured
10 x Annualised Premium
What’s the minimum and maximum premium paying term?
Premium Paying Term
Limited Pay:
Minimum - 5 years
Maximum - Policy term minus 1

Regular Pay: 
Equal to Policy Term
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Additional resources

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