Edelweiss Tokio Life – Wealth Accumulation (Cover Plus)
02 guaranteed additions
03 other options
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
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.
Minimum : 5 years
Maximum : 65 years
Minimum : 18 year
Maximum : 75 years
10, 15, 20, 25 and 30 years
Regular premium: same as policy term
Limited premium: 5/7/10 years
Minimum basic sum assured* :
for entry age below 45 years - AP X higher of (10, 0.5 PT)
for entry age of 45 years and above - AP X higher of (7, 0.25 X PT)
for age of entry below 45 years: top-up premium X 1.25
for age of entry 45 years and above: top-up premium X 1.10
Maximum basic sum assured* :
regular and limited pay:
for entry age below 45 years - AP X 25
for entry age 45 years and above - AP X 20
top-up: top-up premium X 5
*Annualized Premium is abbreviated as AP
Monthly, quarterly, semi-annually or annually