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Edelweiss Tokio Investment Plans
Edelweiss Life Wealth Secure Plus is a unit-linked savings plan. This ...Read More
A quick read on what this Edelweiss Tokio Investment Plans term plan covers and why it might be a fit for you.
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 & 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.
Edelweiss Tokio Life Wealth Secure Plus offers you a range of benefits including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the Edelweiss Tokio Life Wealth Secure Plus works with a simple premium illustration.
Mr. Verma is looking for an investment plan to create long-term wealth for his child.
His financial advisor advised him to buy the Edelweiss Tokio Life Wealth Secure Plus. He visited PolicyX.com
Let's understand how the Edelweiss Tokio Life Wealth Secure Plus Plan works for him with a premium illustration table.
| Age of policyholder | Annual Premiums | Policy tenure | Sum Assured | Maturity Benefits |
| 30 years | Rs 1 lakh | 20 years | Rs 12,87,500 | Rs 22,72,489 |
Key Takeaways: At the end of the policy tenure, maturity benefits of Rs 22,72,489 are paid to the policyholder.
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.
Key features that make Edelweiss Tokio Wealth Secure Plus stand out.
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 & duration-based strategy and a self-managed strategy.
Additional benefits
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.
Keep these documents handy when applying for Edelweiss Tokio Wealth Secure Plus.
Photo ID Proof
Any one of the following: Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Any one of the following: Passport, Aadhaar card, PAN card, Driving license.
Address Proof
Any one of the following: Utility bill, passport, voter ID, ration card.
Medical Records
Medical records of the policyholder if requested.
Income Proof
Any one of the following: Bank statement, last three months' salary slips (if you are salaried).
Here are the key features of the Edelweiss Tokio Wealth Secure Plus.
| 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 |
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.
The 5 most-asked questions about Edelweiss Tokio Wealth Secure Plus, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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