Edelweiss Tokio Life – Wealth Builder

a wealth enhancement plan with

  • 01 guaranteed benefits
  • 02 savings and protection
  • 03 loyalty additions

plan definition

A wealth enhancement plan that offers you guaranteed maturity and death benefit. It promises upfront benefits with multiple options of policy paying term and policy term to suit your needs. An investment that will make your money work hard for you. UIN No: 147N026V02.

key features

1maturity benefit

 

On survival till maturity, the policyholder receives: Sum Assured on maturity (SAM)+ Accrued Guaranteed Loyalty Additions + Large premium benefit(LPB), if any.

SAM = Annual premium multiplied by Premium paying Term LPB = If annual premium is in excess of Rs.40000/- ,there is an additional payout on maturity for every Rs.20000/- in excess of Rs.40000/-

2death benefit

 

On death of life assured during policy term, company pays:

Sum Assured on Death(SAD) + Accrued Guaranteed Loyalty Additions.

The SAD varies for different Premium Paying Terms

3tax benefits

 

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.

Premium paid for Critical Illness Riders may qualify for a deduction under Section 80D of the Income Tax Act, 1961.

Tax benefits are subject to change in the tax laws.

riders


additional resources

product brochure

download pdf

sample contract

download pdf

rate table

download pdf

product disclaimer

read

eligibility criteria

1 entry age (last birthday)

Minimum : 91 days

Maximum : 55 years

2 maturity age (last birthday)

Minimum : 18 years

Maximum : 70 years

3 policy term

 10, 15, 20, 25 and 30 Years

4 premium paying term

 5, 7, 10 and 12 years 

5 sum assured on death


Higher of:
10 times of Annualized Premium* OR Sum Assured on Maturity OR 105% of total premiums paid till date of death OR any absolute amount assured to be paid on death.

Any absolute amount assured to be paid on death will be equal to
10 times of Annual Premium^ for 5 Pay and 7 Pay
11 times of Annual Premium^ for 10 Pay
13 times of Annual Premium^ for 12 Pay

^Annual Premium is the premium payable in a year, including loadings for modal premium but excluding the underwriting extra premiums, if any.
*Annualized premium is the premium payable in a year, excluding the loadings for modal premiums and underwriting extra premiums, if any. 

 

6 sum assured on maturity

*Cumulative Annualized Premium(i.e. Annualized Premium X PPT)

 

 

 

*Annualized premium is the premium payable in a year, excluding the loadings for modal premiums and underwriting extra premiums, if any.

7 premium payment frequency

Annual, semi-annual, monthly

returns against payment

Wealth Builder

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