Edelweiss Tokio ULIP Plan
Edelweiss Tokio ULIP Plan
  • Protect Your Investment
  • Rising Star Benefit
  • Tax Benefits Under 80C
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Edelweiss Tokio ULIP Plans

In 2011, the importance of ULIP plans was taking off the ground and the people were getting eager to get their hands on them. Fortunately, there were a few companies in the market who offered ULIP plans but their services were not majestic. To grab the opportunity, two companies (Edelweiss & Tokio Marine) decided to come together to tackle this problem. Edelweiss Tokio Life Insurance Company entered the market with a core motive- delivery of best products & prompt settlement of genuine claims through a hassle-free, fair and transparent process.

Speaking of products, Edelweiss Tokio has a great line-up of plans that give their competitors a run for their money. The most impressive of them is its ULIP plans. Let’s have a brief look at them.

Edelweiss Tokio ULIP Plans

1. Edelweiss Tokio Life- Wealth Secure+

The main objective of this plan is to stock up your investments which are sufficient enough to entertain your expenses in the future.

Benefits

  • The market is unpredictable and so is your investment. To keep a track of it, you need to react with the market. Luckily, this plan allows you to switch funds as per your convenience.
  • In case you plan to stay invested for a long time, you will receive maturity, loyalty and booster benefits.

Eligibility

FactorsEligibility
VariantsBaseLife PartnerChild
Minimum entry age0 years18 years18 years
Maximum entry age60 years50 years40 years
Minimum maturity age18 years23 years
Maximum maturity age70 years60 years

2. Edelweiss Tokio Life- Wealth Gain+

A future old you will feel relaxed and happy by having considerable savings to dispose of. For that, you require a solid investment strategy. Fortunately, this plan can structure that for you. It will make sure that you and your future generations have a financial roof over your head.

Benefits

  • Your entire premium will be invested in the funds. No allocation charges will be deducted.
  • If an insured dies due to an unfortunate incident, the nominee will be eligible to get the death benefits.

Eligibility

FactorsEligibility
Premium payment termLess than 10 yearsEqual to/more than 10 years
Minimum entry age0 years
Maximum entry age45 years50 years
Minimum maturity age18 years
Maximum maturity age70 years

3. Edelweiss Tokio Life- Wealth Plus

It is an unit-linked plan that creates a workable financial strategy (keeping your expectations in mind) that helps to raise your investments to keep your future monetary worries away.

Benefits

  • It offers ‘Rising star benefit’ that helps to fulfil your child’s financial needs (even if you are not around).
  • By paying regular premiums, you will get tax exemptions. All of this is possible because of the Income Tax Act, 1961.

Eligibility

FactorsEligibility
Policy term10 years20 years
Minimum entry age1 year
Maximum entry age55 years
Minimum maturity age18 years
Maximum maturity age70 years

4. Edelweiss Tokio Life- Wealth Ultima

This policy runs on the ground of 2 rules- to maximize your investment for future needs & to protect your investment from market volatilities.

Benefits

  • You can take out a certain amount of money (every month) from your fund to entertain any emergency.
  • It allows you to transfer your money from one asset class to another.

Eligibility

FactorsEligibility (as per premium payment terms)
Minimum entry age0-18 years
Maximum entry age17-70 years
Minimum maturity age18-100 years
Maximum maturity age70-100 years

5. Edelweiss Tokio Life- GCAP

It takes patience and persistence to build an empire of investments. Sadly, only a few people can show consistency with such factors and get positive results. But things are going to change, thanks to this plan. It will smartly invest your money to build a high mountain of investments to look after your future financial requirements.

Benefits

  • No deduction is there. Your entire premium will be added to your funds.
  • If you suffer an unfortunate death, your nominee will get death benefits.

Eligibility

FactorsEligibility
Premium payment term5, 7, 10 & 12 years
Minimum entry age91 days
Maximum entry age55 years
Minimum maturity age18 years
Maximum maturity age70 years

6. Edelweiss Tokio Life- POS Saral Nivesh

It is a non-participating & non-linked endowment plan tasked to build and protect the investments of the insured.

Benefits

  • It allows you to pay a premium for a short term and enjoy the long-term coverage.
  • Thanks to the Income Tax Act, 1961, you can grab tax exemptions (just by paying the premiums).

Eligibility

FactorsEligibility
Minimum entry age1 year
Maximum entry age50 years
Minimum maturity age18 years
Maximum maturity age65 years
Minimum sum assuredRs.50,000
Maximum sum assuredRs.10,00,000

Why will Edelweiss Tokio ULIP plans be perfect for your needs?

The 21st century is the age of frauds. Daily, people are advised to stay alert while doing a transaction with a company/brand. In the insurance sector, many companies hover around people. Keeping safety in mind, people prefer to interact and deal with popular brands for a ULIP plan. If we speak about Edelweiss Tokio, it’s not just the brand name which makes it the best choice for a ULIP plan.

The company works with a strong & dedicated in-house team of experts who have an awesome track record of serving its customers with the best possible solutions. Due to this, Edelweiss Tokio has a solid customer asset base of 2 lakh crores. All of this clubbed with 20 years of experience in managing customer assets gives you every reason to take a leap of faith in Edelweiss Tokio ULIP plans.

Edelweiss Tokio ULIP Plans: FAQs

ULIP plans have a direct connection with the share market. So, it is obvious that its performance is market-driven.

You only need 3 documents- identity proof, residence proof & bank account proof.

You can login on the company’s website, enter your policy number & visit your profile to check the results.

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Last updated on 04-02-2020