Wealth Accumulation (Accelerated Cover) - ULIP Plan with Tax Benefits

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A ULIP or Savings Plan for Wealth Accumulation

Edelweiss Tokio Life – Wealth Accumulation ( Accelerated Cover) is a ULIP with top-up facility that ensures your investments result in higher fund values. It provides the facility to switch your accumulated investment from one fund to another at the opportune time. It also allows you to access to your wealth any time you require, through facilities like loans and partial withdrawals. It is an excellent investment plan to generate funds to meet all future goals like owning a house, luxury vacations etc.
UIN No: 147L003V02

Lets look at the case of Riju. 


    <b>“The future depends on what you do today" </b>
This was the simple motto taught to Riju by his father and all his life he has lived by it. With hard work and a little luck, he is now living a respectable life

    “The future depends on what you do today" This was the simple motto taught to Riju by his father and all his life he has lived by it. With hard work and a little luck, he is now living a respectable life

    He enjoys his job, and has a loving family. With the thought of his family in mind, he has <b>decided to start investing.</b> Not being much of a risk taker, he wants a safe option with good returns.</b> After research he decided to go with a ULIP because of it's unique security plus returns. Studying various options he finalised on  <b>Edelweiss Tokio Life - Wealth Accumulation Accelerated Cover.</b>

    He enjoys his job, and has a loving family. With the thought of his family in mind, he has decided to start investing. Not being much of a risk taker, he wants a safe option with good returns. After research he decided to go with a ULIP because of it's unique security plus returns. Studying various options he finalised on Edelweiss Tokio Life - Wealth Accumulation Accelerated Cover.

    The tax savings and fund switch options with a possibility of good returns has really caught his eye and he appreciates the fact that the <b>minimum premium</b> is non-prohibitive for a first time investor such as himself. Riju is convinced he has made the right choice!

    The tax savings and fund switch options with a possibility of good returns has really caught his eye and he appreciates the fact that the minimum premium is non-prohibitive for a first time investor such as himself. Riju is convinced he has made the right choice!

Check out our features

Benefits so good, they have to be true!

Fund Switching

Fund Switching

We understand it can be difficult to select an asset class to invest in and especially difficult to know when to switch. With Edelweiss Tokio life - Wealth Accumulation (Accelerated Cover) we provide you the freedom to switch between asset classes.

Fund Switching

Transfer money from one asset class to another

Fund Switching

Fund Switching

We understand it can be difficult to select an asset class to invest in and especially difficult to know when to switch. With Edelweiss Tokio life - Wealth Accumulation (Accelerated Cover) we provide you the freedom to switch between asset classes.

Top-Up Benefit

A one time up top-up to give your investment that little extra boost

Top-Up Benefit

Top-Up Benefit

With Edelweiss Tokio Life - Wealth Accumulation (Accelerated Cover) we offer the Top-Up facility. We understand our fund performance may compel you to increase your investment, to meet this requirement we allow you to add more to your investments through a one-time contribution over and above your regular premiums.

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:

1) Sum Assured(including top up sum assured)less partial withdrawals

2) Fund value(including top up fund value)as on date of claim intimation

3) 105% of total premiums paid(including top up premiums) till the time of death

Premium Paying Term

Choose the period for which you pay your premiums

Premium Paying Term

Premium Paying Term

We allow you to choose to pay premiums for a limited period and yet enjoy the wealth accumulation and insurance protection over a longer policy term.

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.

Partial Withdrawals

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

Partial Withdrawals

Partial Withdrawals

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.

Check if you are eligible for this product

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

What is the minimum and maximum entry age?
The minmum and maximum entry age is

The minmum and maximum entry age is

Minimum : 5 years

Maximum : 65 years

What is the premium paying term?
The premium paying term...

The premium paying term is

Regular Premium: same as Policy Term

Limited Premium: 5/ 7/ 10 years

What is the premium payment frequency?
The premium paying frequency is....

The premium paying frequency is

Monthly
Quarterly
Semi-annually
Annually

What is the policy term for this plan?
The policy term for this plan is...

10, 15, 20, 25 and 30 years

What is the minimum and maximum sum assured?
The minimum and maximum...

The minimum and maximum summ assured is

Minimum : 

For entry age below 45 years - AP × Higher of (10, 0.5 × PT)

For entry age of 45 years and above - AP × Higher of (7, 0.25 × PT)

Top-up: for age of entry

Below 45 years: top-up premium × 1.25

For age of entry 45 years and above: top-up premium × 1.10 

Maximum:

Regular and limited pay: for entry age below 45 years - AP × 25

For entry age 45 years and above - AP × 20

Top-up: top-up premium × 5

What is the minimum and maximum premium?
The minimum and maxi..

Minimum Rs. 25,000, if paid annually

Minimum Rs.18,000, if paid semi-annually

Minimum Rs.9,000, if paid quarterly

Minimum Rs.3500, if paid monthly

Minimum Rs. 5000, for Top-ups

Maximum: No limit

What is the minimum and maximum maturity age?
The minimum and maximu...

The minimum and maximum maturity age (last birthday)

minimum : 18 years

maximum : 75 years

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Additional resources

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