IN THIS POLICY, INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER

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Why Edelweiss Tokio Life Wealth Premier

  • Single Pay Plan

    You don’t have to worry about multiple payments as this plan has you making a Single Payment to get your benefits.

  • Rewarding your Loyalty

    We’ll add Loyalty Additions to your fund value at the end of your 6th, 8th and 10th policy year.

  • Get It Together

    This plan offers the Joint Life Option where you can include another person with you in your plan.

  • No Allocation Charges

    No premium allocation, top-up allocation & policy admin charges.

Only 3 steps are needed for you to get this plan!

1

Start Making Decisions

  • Conduct Need Analysis
  • Choose your Premium Amount
2

Select what is best for you

  • Choose between Single Life and Joint Life Option
  • Choose from 8 funds to invest your money
3

Sit Back and Relax

  • Submit the requested documents
  • Let us verify your details so you can start accumulating wealth.

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Fire Away Queries

Like teachers say, there are no silly questions

What is a wealth accumulation plan?

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.

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Why should I opt for Edelweiss Tokio Life Wealth Premier?

Edelweiss Tokio Life Wealth Premier is a wealth accumulation plan with a single pay option.  This comes with a life cover to protect you and your family from all future uncertainties and fulfill all your aspirations. The plan also offers loyalty additions and choice of investment into 8 different funds. 

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What goals can I achieve with this plan?

You may want a second home which can be enjoyed in grand manner or it could be an international education course for your child. Your goal could also be to retire early and enjoy a life of leisure and travel. For all your big life goals, you have Edelweiss Tokio Life Wealth Premier.

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Does this plan cover COVID-19 claims?

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

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What is the Maturity Benefit under this plan?

The Maturity Benefit will be the Fund Value calculated at the prevailing NAV on the maturity date and will be payable as lump sum.

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What is a Single pay plan?

A single pay plan lets you pay your premium in one go so that you can sit back and relax while your plan does the wealth accumulation for you. 

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How many funds are available with this plan?

There are 8 funds available to invest, with this plan. They are as follows: Equity Large Cap Fund, Equity Top 250 Fund, Equity Mid-Cap Fund, Managed Fund, Bond Fund, Equity Blue Chip Fund, Long Term Bond Fund, and Gilt Fund.

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What is the difference between Single Life & Joint Life?

In case of Single Life cover, where life insured is a major, the policyholder and the life insured will be the same person.

In case of Joint Life cover, one of the lives insured will become the primary life insured and other will be the secondary life insured as decided at the inception of the policy. 

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What are Loyalty Additions?

Loyalty Additions will be added to the Fund Value on the last day of the 6th, 8th and 10th Policy Year and will be added to the respective unit linked fund 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 and will be paid on death, maturity or surrender, whichever is earlier.

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Are Partial Withdrawals allowed?

Yes, you can make partial withdrawals starting from the 6th policy year. Maximum partial withdrawal allowed is Fund value which is in excess of 105% of total premiums paid till the time of partial withdrawal can be withdrawn.

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What are the plan charges?

The plan charges are as follows:

Premium Allocation Charges: NIL

Top-Up Allocation Charge: NIL

Policy Administration Charges: NIL

Fund Management Charges (FMC): FMC are levied as a percentage of the asset value of the relevant Fund and will be reflected in the NAV of the respective Fund. 

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What is the minimum premium amount?

The minimum premium amount is ₹10 lakhs and there is no limit to the maximum premium amount, subject to Board Approved Underwriting Policy. 

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What is the minimum and maximum entry age?

The minimum entry age for single life option is 8 years and the maximum entry age is 40 years. The minimum entry age for joint life option is 18 years and the maximum entry age is 65 years.

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What is the minimum and maximum maturity age?

The minimum maturity age for single life option is 18 years and the maximum maturity age is 50 years. The minimum maturity age for joint life option is 28 years and the maximum entry age is 75 years. 

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What is the policy term?

The policy term is 10 years. 

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How long do I need to pay my premiums and at what frequency?

You need to pay your premium just once. 

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What is the minimum and maximum sum assured?

The minimum sum assured for single life option is 1.25 X single premium and the maximum sum assured is 10 X single premium. The minimum and maximum sum assured for joint life option is 10 X single premium. 

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Does this plan have a Free Look Period?

Yes, there is 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.

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Are there any Exclusions to this plan?

Single Life: In case of death due to suicide within 12 months from the policy commencement date, the nominee or the beneficiary of the policyholder shall be entitled to the fund value, as available on the date of intimation of death.

Joint Life: In case of death of either or both of the lives insured due to suicide, within 12 months from the policy commencement date, the surviving life insured or the nominee or the beneficiary of the policyholder shall be entitled to the fund value, as available on the date of intimation of death.

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Does this plan have a Grace Period?

As this is a single pay plan, there is no grace period. 

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0- Provided the premium paying term is more than or equal to 10 years.

1- This is applicable only if all due premiums are paid and the policy is inforce.

3 - As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.

*⁷ - Partial withdrawal amount is subject to Partial Withdrawal rule. Please refer product brochure for more details.

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.

Unit Linked Insurance products are different from the traditional insurance products and are subject to risk factors. The premium paid in Unit Linked Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Edelweiss Tokio Life is only the name of the Life Insurance Company and Edelweiss Tokio Life – Wealth Premier is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. 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. Tax benefits are subject to changes in the tax laws. The tax benefits under this Policy may be available as per the prevailing Income Tax laws in India. Flower & Edelweiss are trademarks of Edelweiss Financial Services Limited; “Tokio” is Trademark of Tokio Marine Holdings Inc. and used by Edelweiss Tokio Life Insurance Co. Ltd. under license. 

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: 147L066V01 .

ARN No : WP/1451/Feb/2021

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