Edelweiss Tokio Life Insurance

Edelweiss Tokio Life Insurance

Benefits of Edelweiss Tokio Life-Wealth Rise+

 

Multiple Benefits. One Plan.

 

Benefits that make your income grow! With this plan, we help you accumulate wealth with market-linked returns, guaranteed1 lumpsum at maturity, additional fund boosters5 and tax benefits3

 

Guaranteed¹ Lumpsum

 

Savings with security! Add a safety net to your market-linked returns with guaranteed¹ lumpsum available with the Base Cover option. Guaranteed¹ Lumpsum will be payable to the fund value at the time of maturity.

 

Customized Coverage for Your Needs

 

2 plan options to choose from! The product offers following two Plan Options - Base Cover and Enhanced Cover. Under Base Cover option, you get life cover of either 7 times to 10 times annualized premium on individual life depending on the annualized premium chosen. If you choose enhanced cover option, you get minimum 15 times of annualized premium as life cover on individual life. And you can choose a higher multiple as life cover subject to board approved underwriting policy. 

 

Investment Strategy Options 

 

Your choice or ours? You can opt for the self-managed investment strategy, where you get unlimited switches between funds using switch option. Alternatively, we offer Life Stage and Duration based STP (here we manage your funds according to your life stage). This strategy ensures that money is moved from equity-oriented fund to debt-oriented fund as the age increases, and the remaining policy term reduces.

 

Additions to the Plan

We help you grow your fund value! Under Base Cover option, you can receive Loyalty Additions to maximize your returns, applicable from the 6ᵗʰ policy year till the end of premium paying term. Similarly, booster additions are added at the end of 10ᵗʰ policy year and every 5ᵗʰ policy year thereafter till the policy maturity. The Maturity Addition is available for premium paying term greater than and equal to 10 years.

 

 

Under Enhanced Cover option, the Booster Additions will be added, at the end of each policy year, to the fund value in form of addition of units starting from the end of 11ᵗʰ policy year till maturity. 

 

Bouquet of 7 Funds

Select the funds of your choice! We’ve got a bouquet of diverse funds that will help you in your journey of wealth accumulation, if you opt for self-managed strategy. Following 7 Unit Funds are offered under this plan - Equity Large Cap, Equity Top 250, Bond Fund, Managed Fund, Equity Mid Cap Fund, Equity Blue Chip Fund and GILT Fund.

Little Star Benefit Option

 

Build a bright future for your champ! Children carry the hope of a brighter future, and nothing should diminish their potential. That is why, in case you are no longer around, this optional benefit, if opted, waives off any future premiums and keeps the policy benefits intact.

Tax Benefits³

 

No Deductions, no worries! Premium amount you pay towards ULIP is eligible for tax benefits³ under Sections 80C and returns upon maturity are exempt if conditions of section 10(10D) of Income Tax Act, 1961, are fulfilled.


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