Edelweiss Tokio Life | Wealth Gain Plus

 With Edelweiss Tokio Life – Wealth Gain+ you get two new fund offerings – Equity Blue Chip and Gilt fund that can help you build a diverse portfolio for wealth accumulation

Why you should opt for Equity Blue Chip fund?

• Your money is allocated with India’s leading and trusted companies
• It can help you build wealth, consistently for planned future goals
• Lesser volatility offered by Bluechip stocks

Why you should opt for a Gilt fund?

• Helps provide moderate returns that come with tax benefits^
• If you have a moderate risk appetite
• Minimizes the credit risk of the portfolio due to the nature of the investments made

On survival till maturity date, the total Mortality Charges (excluding extra mortality charges due to sub-standard life and taxes as applicable) deducted during the Policy Term will be added to the fund value at the maturity date.

The Return of Mortality Charge is subject to following conditions:

• All the due premiums payable under the policy are paid till the maturity date.
• The amount of Return of Mortality Charge will be added in the same proportion as the fund value held in the unit linked funds at maturity. NAV applicable as on the maturity date will be used for the unitization, if applicable.
• Return of Mortality Charge also include the mortality charges deducted from the Top-up fund value.
• Return of Mortality Charge is not applicable for reduced paid-up policy.

Booster Additions, as a percentage of last 60 month’s average of daily fund value (including Top-up fund value), is added at the end of 15th policy year and 20th policy year. The Booster Additions percentage is 0.50% for 15th policy year and 0.75% for 20th policy year.

Booster Additions will be added to the fund value on the last day of the 15th and 20th policy year and will be added in the same proportion as the total fund value held in the unit linked funds at the time of additions. The Booster Additions once added will form part of the fund value.

Booster Additions will not be added if the policy is in the reduced paid-up status and during the revival period.

The Loyalty Additions are applicable for premium paying term greater than or equal to 10 years. Starting from the end of 10th policy year and applicable every year till the end of the premium paying term, Loyalty Additions will get added to your Fund Value.

The Loyalty Additions are calculated as 0.11% of the last 12 month’s average of daily fund value (including Top-up fund value) and will be added only if all the premiums which have fallen due have been paid for that policy year.

Loyalty Additions will be added to the fund value on the last day of the respective policy year and will be added in the same proportion as the total fund value held in the unit linked funds at the time of additions.

The Loyalty Additions once added will form part of the fund value. For reduced paid-up policy, Loyalty Additions will not be added after the policy becomes reduced paid up. However, Loyalty Additions added before the policy becomes reduced paid up would already have formed part of the fund value.

You have an option to collect your Maturity Benefit in lump sum or in instalments by choosing the Settlement Option.

Settlement Option: Under this option, you need to choose:

• ­Settlement Term (option of 1, 2, 3, 4 or 5 years)
• Frequency of pay-out (yearly, half-yearly, quarterly or monthly instalments)

Once you have chosen the settlement term and the frequency, the amount paid out in each instalment will be the outstanding Fund Value as on that instalment date divided by the number of outstanding instalments.

The death benefit will be given:

Higher of:

              Fund Value; or

              Sum Assured less Relevant Partial Withdrawals#; or

              105% of total premiums paid

PLUS

Higher of:

              Top-up Fund Value; or

              Top-up Sum Assured; or

              105% of total Top-up Premiums paid.

For Reduced Paid-up Policy

In case of unfortunate demise of Life Insured while the Policy is reduced paid-up, following Death Benefit will be paid:

Higher of:

              Fund Value; or

              Paid-up Sum Assured less Relevant Partial Withdrawals#; or

              105% of total premiums paid

PLUS

Higher of:

              Top-up Fund Value; or

              Top-up Sum Assured; or

              105% of total Top-up Premiums paid.

In case of unfortunate demise of the Life Insured while the Policy is in Discontinuance Policy Fund, Discontinuance Policy Fund Value will be paid.

Life Stage & Duration Based Strategy 

In order to manage your risk appetite, as your age increases and the remaining policy term reduces, this strategy ensures that your money is moved from equity oriented fund (Equity Large Cap Fund) to debt oriented fund (Bond Fund).

Under this strategy, a proportion of the Fund Value will be allocated in Equity Large Cap Fund

Self Managed Strategy 

Under this strategy, you can decide to invest your money in your choice of fund(s) in any proportion. You can switch monies amongst these funds using the switch option.