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Overview
Edelweiss Tokio Life Wealth Plus is a unit-linked savings plan that allows you to invest and generate wealth through unit-linked funds. It offers a choice of 7 unit-linked fund options to match your risk appetite and financial goals.
To ensure 100% of the premium you pay is allocated to the fund, the insurer provides additional allocation yearly, such as extra allocation and premium booster. The product offers a life stage & duration-based strategy and a self-managed strategy. If you opt for a self-managed strategy, you can opt for unlimited switches or redirection free of cost.
With the Rising Star benefit feature, you can be ready to cater to your child's future financial needs. In this benefit, the policyholder can be a parent, grandparent, or guardian, and the life insured should be a child. With the Wealth Plus plan, you can even invest your lump sum money as a top-up premium over and above the premium to increase your fund value.
Edelweiss Tokio Life Wealth Plus Plan offers a range of benefits, including:
- Death benefits
- Maturity benefits
- Rising Star benefit
- Tax benefits
- Unlimited free switches
- Partial withdrawals
Key Features
Additional Allocations
To ensure 100% of the premium you pay is allocated to the fund, the insurer provides additional allocation yearly, such as extra allocation and premium booster.
Extra Allocation
During the first 5 policy years, these additions shall be added to the fund value and each premium you pay within the grace period.
Premium Booster
Premium Booster will be added to the fund at the end of each policy year starting after the 5 years of lock-in period.
Maturity Benefit
Once you survive till the end of the policy term, the fund value as your maturity benefit shall be payable to you as per the chosen settlement option. In this plan, you can choose to get your maturity benefit in a lump sum or installments.
Multiple Plan Options
The plan offers a choice of 7 unit-linked fund options to match your risk appetite and financial goals.
Choice of Investment Strategy
The product offers a life stage & duration-based strategy and a self-managed strategy.
Top-up Premium Option
With the top-up premium feature, you can even invest a lump sum as a top-up premium over the base premium to increase your fund value.
How to Buy Edelweiss Tokio Life Wealth Plus Plan from PolicyX.com
- Visit the official website of PolicyX.com.
- Hover on the ‘Life Insurance’ tab.
- Choose the Investment plan you want to buy.
- Fill out the form at the top of the page with the necessary details.
- Select your income and city. Click on 'Proceed'.
- Update your education and occupation details.
- Choose your preferred plan and click on 'Buy this plan'.
- Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
How to Buy Edelweiss Tokio Life Wealth Plus Plan from the Insurer
- Visit the official website of Edelweiss Tokio Life Insurance.
- Hover over 'Our Products' from the top menu.
- Click on Edelweiss Tokio Life Wealth Plus.
- Click on ‘Buy Now’ and you will be redirected to a new page.
- Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
- Once discussed, you can make the premium payment and get the policy documents.
Exclusions
- Suicide within 12 months of the policy purchase is not covered.
- Consumption of any intoxicants.
- Death due to any aviation accident.
- Death due to any adventurous sports.
Documents Required to Buy Edelweiss Tokio Life Wealth Plus Plan
Here is the list of documents required to buy the Edelweiss Tokio Life Wealth Plus Plan:
- Photo ID Proof: Passport, Aadhaar card, PAN card, Driving license (any one).
- Age Proof: Passport, Aadhaar card, PAN card, Driving license (any one).
- Address Proof: Utility bill, passport, voter ID, ration card (any one).
- Medical Records: Medical records of the policyholder if requested.
- Income Proof: Bank statement, last three months' salary slips (if you are salaried) (any one).
Plan At a Glance
| What’s Good Here | What’s Missing |
|---|---|
| Choice of plan option | Premium Offset |
| Partial withdrawals | Premium continuance |
| Maturity Benefit | Auto cover continuance |
| Switching | Top-up premium |
In a Nutshell
Savings alone won't help you build wealth or achieve future goals. With the Edelweiss Tokio Life Wealth Plus plan, you can invest smartly and get attractive returns through unit-linked funds and extra additions. You can even cater to your child’s future financial needs when you’re not around with Rising Star benefits. For further details to know more about the Wealth Plus plan, you can reach out to us at PolicyX.com. With the guidance of our insurance experts, we can help you get all the answers you need quickly.
