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Overview
Savings alone won't work. Invest smartly with Edelweiss Tokio Life Wealth Secure Plus.
Edelweiss Life Wealth Secure Plus is a unit-linked savings plan. The Wealth Secure Plus plan allows you to stay invested and generate wealth through unit-linked funds and the additions provided by the company. The plan has three variants: Life Cover, Joint Cover, and Child Cover. Each variant is designed to serve different objectives and goals.
It offers a choice of 7 unit-linked fund options to match your risk tolerance and financial goals. You can easily transfer investments from one fund to another by switching or redirecting your premiums. In this plan, you'll get regular additions to the basic sum assured to maximize your savings, such as Loyalty, Booster, and Maturity Additions.
The product offers a life stage and duration-based strategy and a self-managed strategy. If you opt for a self-managed strategy, you can opt for unlimited switches free of cost. Under the top-up premiums feature, you can increase the investment component by paying extra premiums.
Key Benefits of Edelweiss Tokio Life Wealth Secure Plus
- Joint life coverage
- Child cover
- Affordable premiums
- Tax benefits
- Booster additions
- Multiple fund options
How to Buy Edelweiss Tokio Life Wealth Secure Plus 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.
Benefits of the Edelweiss Life Wealth Secure Plus Plan
There are various benefits to buying the Edelweiss Life Wealth Secure Plus Plan. Let’s understand each of them in detail:
Maturity Benefit
For all three variants available under this plan, namely: ‘Base’, ‘Life Partner’ and ‘Child’, the maturity benefit payable is as given below. Once you outlive your policy term, the fund value calculated at the prevailing NAV on the maturity date will be payable as a lump sum or as per the settlement option chosen.
Additions
The product offers regular additions, namely, Loyalty Additions (LA), Booster Additions (BA), and Maturity Additions (MA).
Loyalty Additions
In this plan, you'll receive loyalty additions from the 6th policy year until the end of the premium paying term. It is an additional payout that insurers offer to their customers for continuously paying premiums on time.
Booster Additions
It is an additional return you'll receive on your capital on top of fund returns. This return is pre-decided and does not depend on market performance. However, these additions will be made at the end of the 10th policy year and every 5th policy year thereafter.
Multiple Plan Options
The plan offers a choice of 7 unit-linked fund options to match your risk tolerance and financial goals.
Choice of Investment Strategy
The product offers a life stage and duration-based strategy and a self-managed strategy.
Additional Allocations
The product offers additional annual allocations, namely, Extra Allocation and Premium Booster.
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 Secure Plus from the Insurer
- Visit the official website of Edelweiss Tokio Life Insurance.
- Hover over 'Our Products' from the top menu.
- Click on the Edelweiss Tokio Life Wealth Secure 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 Life Wealth Secure Plus Plan
Here is the list of documents required to buy the Edelweiss Life Wealth Secure Plus Plan:
-
Photo ID Proof
Any one of the following: Passport, Aadhaar card, PAN card, Driving license.
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Age Proof
Any one of the following: Passport, Aadhaar card, PAN card, Driving license.
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Address Proof
Any one of the following: Utility bill, passport, voter ID, ration card.
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Medical Records
Medical records of the policyholder if requested.
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Income Proof
Any one of the following: Bank statement, last three months' salary slips (if you are salaried).
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
The Edelweiss Tokio Life Wealth Secure Plus plan is a single-pay unit-linked insurance plan that helps you stay invested and generate wealth through unit-linked funds and loyalty additions. For further assistance, you can reach out to us at PolicyX.com. With our insurance experts' expertise, you get all of your answers in no time.
