What Makes Us Your Ideal Partner

Edelweiss Tokio Life – Wealth Plus offers to increase your fund value at the end of each policy year. You have the option to especially cater to your child’s future financial needs when you’re not around. 

As this plan aids you in wealth accumulation while giving protection to your family and tax*¹ benefits, it gives you the freedom to pursue a number of goals. Some of the goals you can achieve include an early retirement which can be enjoyed in grand style or even an international education course for your child. 

Yes, this plan covers death due to COVID-19.

You can choose to pay your premiums on an annual, half-yearly, quarterly or monthly basis.

The minimum policy term is 10 years and the maximum policy term is 20 years.

The minimum entry age is 1 year and the maximum entry age is 55 years.

The minimum maturity age is 18 years and the maximum maturity age is 70 years.

The minimum amount you can invest as top-up premiums is Rs. 5,000. The maximum amount cannot exceed the amount generated by combining all the base premiums paid till that date.

Extra Allocation is one of the additions we make to your plan. This benefit begins from your first policy year. From 1st to 5th policy year, 1% of the annualised premium is added to your fund value.

Premium Booster is another benefit we offer to help you maximize your returns. Starting from the 6th policy year, they are added to your fund(s) at the end of each policy year. For instance, the Premium Booster from 6th to 10th policy year is 3% of the annualized premium, 11th to 15th policy year is 5% of the annualized premium, from 16th to 20th policy year is 7% of the annualized premium, and so on and so forth.

This optional benefit is designed to safeguard your child’s future in case of unfortunate circumstances. If the Rising Star Benefit has been chosen, an additional benefit will be applicable on your life in addition to the death benefit. On your demise, this additional benefit is applicable for the entire policy term irrespective of your child’s age.

On your demise, your child will receive the following benefits:

• A Lump Sum amount will be paid immediately
• An amount equal to the sum of all the future Modal Premiums (if any) shall be added to your Fund Value
• The future Extra Allocation and Premium Booster as and when due would be added to the Fund Value.
• The Policy will continue till maturity date or death of your child, whichever is earlier
• Life Cover of your child will continue.
• The Lumpsum Amount will be equal to Annualised Premium x applicable Annualised Premium multiple as mentioned below. This Annualised Premium multiple will depend on the entry age of the Policyholder.

If you have chosen Self-Managed Strategy, you can move money between the funds depending on your financial priorities and investment outlook. This facility is called switching and is available free of cost. Minimum amount per switch is Rs. 5,000. In case your current Investment Strategy is Life Stage & Duration Based Strategy, switching facility is not available.

There are unlimited opt-in and opt-out options during the policy term.

You can choose to allocate future premiums including top-up premiums in fund(s) different from those selected at policy inception or previous premium redirection request. This facility is called premium redirection, which is unlimited and free of cost. This option is available only with self -managed strategy.

Partial Withdrawal is a benefit offered with this plan. It allows you to withdraw a part of the Fund Value as per liquidity requirements at any time after the completion of the fifth policy anniversary. These are subject to terms & conditions.

It is a benefit offered to invest surplus money as a premium over and above the existing premium amount.

At any time during the policy term, you can choose to surrender the policy by submitting a written request to us.

In case of your death due to suicide within 12 months from the Policy Commencement Date or from the date of Revival of the Policy, the nominee or beneficiary shall be entitled to the Fund Value as available.

You have a free look period of 15 days from the date of the receipt of the policy document. Policies sold through distance marketing will have a free look period for 30 days. 

Grace Period of 30 days is available for annual, semi-annual and quarterly premium payment frequency and 15 days for monthly premium payment frequency.