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

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A ULIP that offers Investment plus Insurance plus Child Benefit
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: 147L055V03
Lets look at the case of Alok.

Benefits so good, they have to be true!

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
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
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
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
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
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
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
Here are the rules! Ask us if you have any doubts.
Half – Yearly
Quarterly
Monthly
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
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
Maximum - 20 years
Maximum – 70 years
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.
Maximum – 55 years
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
Minimum - 5 years
Maximum - Policy term minus 1
Regular Pay:
Equal to Policy Term
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