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.