prpri Edelweiss Tokio Life Insurance’s Wealth Plus Plan – A Plan for Digitally-Savvy Investor Edelweiss Tokio Life Insurance’s Wealth Plus Plan – A Plan for Digitally-Savvy Investor

Edelweiss Tokio Life Insurance launches Wealth Plus – a market-linked insurance plan that is targeted at the digitally-savvy investors. It is an industry-first product that aims at creating wealth depending on the length of the investment term. The plan contributes to the fund.

The Wealth Plus plan is a futuristic plan which serves the digitally savvy investors.

The Edelweiss Tokio Wealth Plus plan is a unit linked insurance plan that provides the benefits of an investment while offering cohesive risk cover. The plan is tailor-made for meeting individual requirements and needs and provides unique solutions for managing wealth. It is intended to accommodate all the wealth creation needs one may have.

Edelweiss Tokio Life Insurance Wealth PlusThe Edelweiss Tokio Life Insurance Wealth Plus Plan offers additional allocation of 1% on every premium paid for first five years. Together with this, it also provides premium booster which is added from the 6th year of the policy till policy premium paying term ceases. Premium Booster is provided as per the below table:

Policy Year Premium Booster
6 – 10 years 3%
11 – 15 years 5%
16 – 20 years 7%

Also, for a 20-year premium paying term, premium equivalent to 80% of the one-year premium is invested as additional allocation.

The plan also includes child proposition – the Rising Star Benefit, where on the demise of the policyholder (parent):

  • An immediate lump sum amount is available to the beneficiary
  • All the unpaid future insurance premiums are automatically credited to the fund value
  • Also, additional allocations and premium boosters are added to the fund value as and when due
  • Maturity benefits are paid on maturity

Investment Strategies under the Plan

The plan offers two investment strategies viz.

  • Life Stage and Duration Based
  • Self-Managed

Life Stage and Duration Based – Under this strategy, the money is invested in two types of funds – Equity Large Cap and Bond Fund. Based on the age of the policyholder, the weights are defined. With the age of insurance plan, the money is automatically transferred from Equity Large Cap fund to the safer Bond Fund.

Self-Managed – Under this strategy, the policy holder is provided with the right to choose the option to invest among 5 different funds as per his/her risk appetite. The plan provides the following five categories of funds for the investor to choose from:

  • Equity Large Cap Fund
  • Equity Top 250 Fund
  • Equity Mid Cap Fund
  • Managed Fund
  • Bond Fund

There is also an option to switch between funds and redirect future premiums to such selected fund via redirection option. The policyholder can use this switching option for an unlimited number of times, free of cost.

Edelweiss Tokio Life – Wealth Plus provides you with the flexibility of investing 100 percent of the premiums and also allocating amount additionally to your policy.

Depending on your risk appetite, you can choose the mix of funds where you want to invest in under the Self-Manage Strategy. You could opt to invest in Bond Funds if you’re risk-averse, or Equity Funds, if your risk appetite is high. With Edelweiss Tokio Life – Wealth Plus, you also get an added advantage of unlimited and free switching of funds as per your convenience.

Disclaimer- Insurance is a subject matter of solicitation. The information provided in this website cannot substitute for the advice of a licensed professional. This information is of a general nature only and is not intended to address the specific circumstances of any particular individual or entity and not necessarily comprehensive, complete, accurate or up to date; not professional or legal advice (if you need specific advice, you should always consult a suitably qualified professional).

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July 2021