Edelweiss Tokio Weath Secure Plus vs Lic Premium Endowment

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 the 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 of life. 

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 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:

• Joint life coverage
• Child cover
• Affordable premiums

• Tax benefits
• Booster additions
• Multiple fund options

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