Edelweiss Tokio Life – Wealth Accumulation (Cover Plus)
A ULIP plan; Wealth accumulation(cover plus) helps to accumulate money for important events of life along with a risk cover. In addition to wealth accumulation, the additional risk cover ensures readjustment cushion for the near and dear ones in the rare event of premature death of the Life Assured. UIN No: 147L004V02
Offers flexibility to withdraw money after completion of five policy years to meet short term liquidity needs
Provides guaranteed additions to boost accumulation of wealth at predetermined intervals
Offers other flexibilities such as switching, redirecting & opting for settlement option on maturity
key benefits for this product
Fund value (including top-up fund value) + Sum Assured (including top-up sum assured), subject to minimum of 105% of total premiums paid including top-ups paid till the date of death.
Fund value is payable on survival of life assured till the end of policy term. Policyholder also has the option to receive the maturity proceeds in lumpsum or in instalments.
You can avail tax benefits under Section 80C and Section 10 (10D) of Income Tax Act, 1961.
Tax benefits are subject to change in the tax laws.
IN UNIT LINKED INSURANCE PLAN (ULIP), INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. ULIPs are different from the traditional insurance products and are subject to the risk factors. Edelweiss Tokio Life – Wealth Accumulation (Cover Plus) is only the name of the unit-linked life insurance plan and does not in any way indicate the quality of the plan, its future prospects, or returns. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary. The various funds offered under this plan are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary or policy document of the Insurer. The premium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance of investment fund and factors influencing the capital market and the policyholder is responsible for his/her decisions. Tax benefits are subject to changes in the tax laws. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding a sale.
Flower & Edelweiss 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.
IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336. UIN: 147L004V02.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/ FRAUDULENT OFFERS
IRDAI clarifies to public that
– IRDAI or its officials do not involve in activities like sale of any kind of insurance or
financial products nor invest premiums.
– IRDAI does not announce any bonus.
– Public receiving such phone calls are requested to lodge a police complaint along with
details of phone call, number.