IN THIS POLICY, INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
We’ll keep adding to your fund allocation from the first policy year onwards.
This plan gives you the dual benefit of a life cover and the opportunity to grow your savings.
This option gives your child an additional lump sum benefit and waives off future premiums in case you’re no longer around.
Choose between managing your funds yourself or leaving it to our experts.
We like to treat our friends! This amount starts at 1% of your annual premium for the first 5 years and increases by 2% every 5 years.
Children carry the hope of a brighter future and nothing should diminish their potential. That is why this optional benefit provides an additional payout to your child in case you are no longer around, waives off any future premiums and keeps the policy benefits intact.
Strategy is the name of the game! You can choose from different types of investment strategies to start growing your wealth. The first is the Self-managed Strategy where you make all the decisions, aided by the power of unlimited switches between funds. The second is the Life Stage and Duration Strategy, where our team of experts manage the funds for you.
Easy Liquidity Option
No one likes to wait! You don’t need to wait till the end of your policy term to start getting your returns. From the 6th policy year onwards, you can start making partial withdrawals from your fund value as per your needs.
Top-Up Premium Option
A little extra goes a long way! Invest any extra funds you have into the policy at your leisure. These extra additions maximize your fund value and get you better returns!
every year for
By the end of 20 years , Bhavesh receives a fund value of₹
We’ve got experience in helping people make their Zindagi unlimited
We’ve got the expertise in helping you grow your wealth
We constantly innovate our offerings to get better results for you
I always discouraged my husband from buying this term plan because I thought what could happen to a 38 year old physically fit man suddenly? After he left, I found a policy in his drawer. Receiving the full amount of the sum assured meant a secure future for my 10 and 4 year old boys. You guys have been so co-operative, and I applaud Edelweiss Tokio Life for being so supportive.
I wanted to pen this email to echo my appreciation for the quality of service I experienced from Edelweiss Tokio Insurance. I had submitted an insurance claim for the demise of my spouse and in a matter of less than 1 week, the claim was settled. The paper work was smooth and your representative came and collected the documents when it was raining heavily in Mumbai. I very much appreciate the quality of your service, my huge thanks to associates who made this possible.
Timely followup and detailed information of staff helped me in buying the term plan and criti care plus. Got the term plan very quickly and hassle free.
Edelweiss Tokio has very good plans where insured is not covered for his untimely death but his loved ones are protected with benefits even after insured is no longer alive. Further, their claim process is extremely hassle free and quick. Their personal touch in ensuring my claim is processed makes them different from other life insurance companies.
I purchased the insurance policy from edelweiss with better rates as comparable to other companies , so it makes a remarkable and optimum benchmark for all the interested policy buyers
As an achiever, you would want to make the most of your achievements by enjoying a good lifestyle or planning for some big moments in your life. You may want an early retirement which can be enjoyed in grand style or it could be international education for your child. However, it is also important that we take necessary steps to take care of our family in all certain and uncertain events. Thus, it would be ideal to invest in a plan which takes care of financial security of your family and also helps you accumulate wealth.
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:
PPT can be increased or decreased during the policy.
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.
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0- Provided the premium paying term is more than or equal to 10 years.
2- Policy loan are subject to terms & conditions of the product. Refer product brochure for more details.
3- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
The Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year.
IN UNIT LINKED INSURANCE PLAN (ULIP), INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. Edelweiss Tokio Life Insurance is only the name of the Insurance Company and Edelweiss Tokio Life – Wealth Plus is only the name of A Unit Linked, Non-Participating, Individual, Life Insurance Product and does not in any way indicate the quality of the contract, its future prospects, or returns. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary or policy document of the Insurer. The premium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance of investment fund and factors influencing the capital market and the policyholder is responsible for his/her decisions. Tax benefits are subject to changes in the tax laws. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336. UIN: 147L055V03
ARN No : WP/1432/Feb/2021