Edelweiss Tokio ULIP Plans
A ULIP is a Unit-Linked Insurance Plan. In this insurance plan, there is the added feature of investment. The premium that you pay towards this policy is divided into two, one part covers you, the policyholder for life, and the other part is invested in the capital market to gain returns. In this way, under one policy you get dual benefits. ULIPs help you in making systematic savings and achieve future goals.
When it comes to buying the best ULIP, Edelweiss Tokio ULIP Plans surely are worth considering. Let’s take a look at the various aspects of Edelweiss Tokio ULIP Plans.
Features of Edelweiss Tokio ULIP Plans
|Name Of Plan||Entry Age||Policy Term|
|Edelweiss Tokio Life Wealth Gain+|
Minimum: 0 years
Maximum: 45/50 years
Minimum: 10 years
Maximum: 20 years
|Edelweiss Tokio Life Wealth Secure+|
Minimum: 0 years
Maximum: 50/ 60 years
Option 1: 5 to 25 years
Option 2: 40 to 100 years
|Edelweiss Tokio Life Wealth Plus|
Minimum: 1 year
Maximum: 55 years
Minimum: 10 years
Maximum: 20 years
|Edelweiss Tokio Life Wealth Ultima|
Minimum Entry Age:
Policyholder: 18 years
Maximum Entry Age:
Life Insured:17 years
|Minimum: 10 years Maximum: 100 years|
Benefits of Buying Edelweiss Tokio ULIP Plans
When you invest in a ULIP, you get a host of investment options and you can pick the one that suits your risk appetite. Without participation in the stock market, you can get the advantage of a market-linked growth. You also have the freedom to select the sum assured or the premium on the basis of your insurance needs.
- Transparent Transactions
ULIPs offer completely transparent transactions. The account statements, charge structure, NAV value, market returns etc. are shared with you on a regular basis to keep you updated about the status of your investment portfolio.
In case of need of money, your ULIP would also let you withdraw a partial amount from the investment corpus. Once the 5-year lock-in period is over you can withdraw funds from your respective plan.
- Goal-Based Savings
As ULIPs offer a systematic way of investment, it is a practical and convenient way of investing your money. You also learn saving money in a regular and disciplined way.
- Insurance-cum-Investment Plan
With your ULIP, you not only secure the future of your family in case of an untoward incident, but you would also be able to cater to the future plans that you have made for them. Your children’s education, their wedding, buying a new house or planning your retirement, are some of the goals that can be fulfilled through the investment that you have made.
- Long Term Investment
A systematic and disciplined habit of saving is formed when you invest your money in a ULIP. This habit can go a long way to building wealth for your future financial needs.
Most Popular Edelweiss Tokio ULIP Plans
- Edelweiss Tokio Life Wealth Gain+
In case of your death, your loved ones would receive financial support which would help them survive the calamity. Apart from the life cover, the plan offers 2 fund offerings, Return of Morality Charge, booster additions and loyalty additions.
- Edelweiss Tokio Life Wealth Secure Plus
A very affordable plan Wealth Secure Plus starts from INR 1,000 a month. You have the option to discontinue the plan after 5 years in case of any short term needs. There are 3 different plan options to select from. The plan also comes with a whole life cover, that continues for 99 years.
- Edelweiss Tokio Life Wealth Plus
A new-age ULIP, this plan invests 100% of the premium and further allocates an additional amount that can be up to 7% to the policy. With this plan you can also get the Rising Star benefit, that would secure your future in case you aren't around.
- Edelweiss Tokio Life Wealth Ultima
This is a unique ULIP offered by Edelweiss Tokio, as it offers an unmatched feature where you can invest your money in a monthly form. This can further help you accumulate and protect your money against the volatility of the market and also provides you with a systematic withdrawal plan that works as a second income.
Insight on Edelweiss Tokio ULIP Plans
A big benefit of Edelweiss Tokio ULIP Plans is that they give you the opportunity of investing small amounts of money, which in turn becomes a large corpus. This power of compounding helps you in fulfilling the different needs of yours and your family’s. These plans are also suitable if you are looking at long-term investments along with a life cover. The lock-in period ensures a disciplined and systematic way of investing. Edelweiss Tokio ULIP Plans help you in maintaining a well-balanced investment portfolio.
Edelweiss Tokio ULIP Plans FAQs
1. In the Edelweiss Tokio Life Wealth Gain Plus plan, what are the minimum and maximum Top-Up sum assured?
The minimum and maximum sum assured is 1.25 times the Top-up premium.
2. What additions can be added to my Edelweiss Tokio Life Wealth Ultima plan?
The following additions can significantly increase your returns:
- Guaranteed Additions
- Loyalty Additions
- Booster Additions
3. What tax benefits can I avail with Edelweiss Tokio ULIPs?
Another benefit of Edelweiss Tokio ULIPs is that the premiums that you pay are exempted under Section 80(C) up to INR 1.5 lakhs. The maturity amount received would also be deductible under section 10(10D) of the Income Tax Act, 1961.
4. In case of an untimely death, what sum assured is payable under Edelweiss Tokio Wealth Plus Plan?
The sum assured would be 10 times the annualised premium.