Edelweiss Tokio Wealth Plus vs Lic Premium Endowment

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 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 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 you a range of benefits including:

• Death benefits
• Maturity benefits
•  Rising star benefit

• Tax Benefits
• Unlimited free switches
• Partial withdrawals

This plan has double roles to play. Firstly, this plan is applicable for safeguarding a family after the untimely death of the policyholder. Secondly, after maturity, it provides a handsome amount of money to the policyholder. After the end of each year, this policy has to offer a bonus amount which will be added to the main amount.

The name itself suggests that this plan is a limited-period offer. The meaning is the premiums that need to be paid are limited. After the end of certain years, the policyholder doesn't need to pay them anymore. This is one of the most attractive features of this plan. For example, if this policy is going to mature after 12 years then the policyholder has to pay premiums for at least 8 years. After that time period, they don't have to bear the payments. The amount of the actual policy will be paid fully if the policyholder dies unnaturally before maturity and also if it matures naturally.

LIC Premium Endowment Plan offers you a range of benefits including:

• Death Benefits
• Maturity Benefits
• High Sum Assured Rebates

• Profit Participation
• Bonuses