Edelweiss Tokio Life Wealth Rise+ is an investment plan which offers market-linked returns along with a guaranteed lumpsum on maturity. Not only this, but you also get loyalty additions, booster additions and maturity additions to help you maximize savings. There are two plan options – base cover and enhanced cover which provides life cover 7-10 times of annualized premium and minimum 15 times of annualized premium respectively. Not only this, but you can also safeguard the future of your child by adding Little Star Benefit option. Overall, this plan helps you grow your wealth with benefits that protect your wealth. 

Edelweiss Tokio Life Wealth Rise+ will help you fulfil your financial goals of life, like securing your child's future financial needs, child’s marriage or enjoying a stress-free retirement. You can also fulfil your goal to retire early and enjoy a life of leisure and travel. If you are a parent, this plan will help you save for your child’s future, so that they can fulfil their dreams even in your absence. 

Following Unit Funds would be offered under this plan: 

• Equity Large Cap Fund
• Equity Top 250 Fund
• Bond Fund
• Managed Fund
• Equity Mid Cap Fund
• Equity Blue Chip Fund
• GILT Fund

The minimum entry age is 18 years for this plan.

The maximum entry age for base cover option will vary based on premium paying term and policy term chosen.

The minimum maturity age – for base cover is 18 years and for enhanced cover is 33 years. The maximum maturity age for base cover option is 100 years and enhanced cover is 90 years. 

Under the base cover option, the minimum premium payment term is 1 years for single pay, 5, 8, 10, 12, 15 & 20 years for limited pay and the equivalent of your policy term under regular pay.

Under the enhanced cover option, the premium paying term is 5, 8, 10, 12, 15 & 20 years for limited pay.

Please Note: For ‘To Age 100’, Single Pay & Limited Pay – 5 & 8 are not available.

The minimum policy term is 5 years under base cover with single pay option.

The maximum policy term is ’to age 100’ under base cover with limited pay and regular pay.

Little Star Benefit is an optional benefit offered with this plan. If this benefit is opted, on the event of death of the Policyholder, the policy shall continue, and the child will receive the policy benefits as per the original plan.

On the death of the policyholder under ‘Little Star Benefit’, Death benefit will be credited to the fund value.

• The Policy will continue till Maturity or death of Life Assured, whichever is earlier.
• No future premiums are required to be paid.
• Policy will stay continued, as the policy will be treated as fully paid-up policy, wherein all future premiums are assumed to have been paid.
• Loyalty Additions will be added till end of the premium paying term provided the policy was in in-force as on the date of death of policyholder.
• Maturity Additions, Booster Additions and Guaranteed Lumpsum will be added as and when due.
• Life Cover on Life Assured will continue
• Relevant charges like Policy Administrative Charges, Fund Management Charges and Mortality charges on Sum at Risk on the life of Life Assured will continue to be levied as and when due.

For a fully paid-up policy, reduced paid-up policy and policies in discontinuance status, death benefit is not available on death of policyholder.

There are 2 plan options.
Base Cover: In this variant, you get life cover of either 7 times to 10 times annualized premium on individual life depending on the annualized premium chosen.

Enhanced Cover: In this variant, you get minimum 15 times of annualized premium as life cover on individual life. And you can choose if you want a higher multiple as life cover subject to board approved underwriting policy.  

Edelweiss Tokio Life Wealth Rise+ being a market-linked return plan, offers returns that are dependent on market performance. However, under this plan, base cover option offers an additional ‘guaranteed’ lumpsum at maturity.

Premium Allocation Charges are not applicable on base or top-up premium.  Policy Administration Charges, Fund Management Charges, surrender discontinuance charges, mortality charges are applicable as per the policy.

Loyalty additions are one of the benefits we provide, where we periodically add to your fund to help you maximize your savings. These additions are applicable from the 6th policy year till the end of premium paying term. A percentage of last year's average of daily fund value is added at the end of 6th policy year and every year thereafter till the end of premium paying term (provided all the premiums which have fallen due have been paid in full). The Loyalty Additions percentage is 0.15% per annum. Loyalty Additions are not applicable for Single Pay policies and Limited Pay - 5 years.

Like loyalty additions, booster additions are also fund additions that help you maximize your savings. A percentage of last 5 years' average of daily fund value is added at the end of 10th policy year and every 5th policy year thereafter till the policy maturity.

A percentage of last 5 years’ average of daily fund value is added at Maturity. The Maturity Addition is only available for PPT greater than and equal 10 years. The Maturity Addition percentage is 0.75%.

The fund value including the Loyalty Additions and Booster Additions, if any, already added till previous policy year will be considered to calculate the Maturity Addition. 

In this investment type, we periodically adjust your investment fund as per your risk appetite. That is, it gets moved automatically from riskier fund to safer fund, as your age increases.

This is an option to self-manage your money, under this strategy, you can decide to put your money in your choice of fund(s) in any proportion. You can switch your money unlimited times amongst these funds using the switch option.

Under the self-managed strategy, you can move money between the funds any number of times depending on your financial priorities and investment outlook. This facility is called switching and is available free of cost.

The product offers an automated partial withdrawal facility (known as Systematic Withdrawal Plan). If this facility is chosen at the policy inception or anytime during the policy term, a sum of money can be systematically withdrawn regularly from the fund value. ‘Systematic withdrawal Plan’ will only be available for Base Cover Plan Option. This allows you to systematically withdraw your fund value every month/quarter/half-year/year from 11th policy year. It also provides much needed liquidity to fulfil any urgent fund requirements.
You can modify your existing SWP option during the policy term. Such request will be effective from the next policy year.

The policyholder has a Free look period of 15 days from the date of the receipt of the policy document and 30 days in case of electronic policies and policies obtained through distance mode/marketing.

Grace period of 15 days is available for monthly premium payment mode and 30 days for all other premium payment mode. The policy will remain in force during the grace period. If any premium remains unpaid at the end of the grace period.

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

Further any charges other than Fund Management Charges (FMC) and guarantee charges recovered subsequent to the date of death shall be added back to the fund value as available on the date of intimation of death.