Ruchi Verma
On 17th Nov 2017 Edelweiss was launching its Life insurance product “The Wealth Plus” wigglingpen was lucky to be a part of this virtual launch on Twitter and witnessed the amazing product launch which is going to change the perception of life insurance and make your family more secure.
What is Edelweiss Tokio?
This is the youngest life insurance company in India started just 6 years back in 2011 and has a PAN India presence with over 60 branches.
Edelweiss Tokio Life Insurance Company Limited is a joint venture between Edelweiss Financial Service limited, India and Tokio Marine Holdings Inc, which is 130 years oldest and largest insurance company in Japan.
Edelweiss Tokio – The Wealth plus #Unyakeenable launch
This product was launched live on Twitter at 11:00 am and I got an exclusive invite to witness this launch.
Why #Unyakeenable The wealth plus plan?
- Life Cover 01 ensures financial protection to your family in case of your unfortunate demise.
- Rising Star Benefit: To cater to your children’s future financial needs even in your absence.
- Additions 03 in addition to allocating 100% of your premiums paid during the premium paying term, we will provide additional allocation every year as follows – Investment Strategies 04 two strategies to cater to your various investment needs.
- Extra Allocation – added in the first 5 policy years along with your premiums paid.
- Premium Booster – added from the 6th policy year at the end of each policy year.
- Investment Strategies: two strategies to cater to your various investment needs.
- Liquidity: Option to partially withdraw your money in case of emergencies from 6th policy year.
Benefits of The Wealth Plus plan:
- No Upfront Charges 100% of your premium will be allocated No Policy Admin Charges
- Additions In addition to allocating 100% of your premiums paid during the premium paying term, we will provide additional allocation every year as follows –
- Extra Allocation – added in the first 5 policy years along with your premiums paid.
- Premium Booster – Starting from the 6th policy year, Premium Booster will be added to the fund(s) at the end of each policy year for the premiums paid by you within the grace period.
So, in total, below additions during policy term
| Policy Year | % of premium Paid |
| 1 to 5 | 1% |
| 6 to 10 | 3% |
| 11 to 15 | 5% |
| 16 to 20 | 7% |
- Funds o All our ULIP (individual) funds are top rated 4 STAR+ by MorningStar
- Rising Start Benefit
o A Lumpsum amount will be paid immediately; plus An amount equal to the sum of all the future Modal Premiums (if any) shall be credited to the Fund Value; plus.
o The future Extra Allocation and Premium Booster as and when due would be added to the Fund Value in a manner similar to a premium paying policy where the future premiums are paid on the respective due dates
- Investment Strategies
o Life Stage & Duration based strategy
o Self Managed strategy
- Flexibility
o Change in Premium Paying Term (PPT)
o Unlimited free switches between funds
o Unlimited Opt-in and Opt-out option between Investment Strategies
o Unlimited Premium Redirection
o Partial Withdrawals
o Top-up premiums
I feel this is really #Unyakeenable policy plan which should not be missed by my readers and invest now for your family to give them smiles with you and after you 🙂
Don’t miss and check out Saving investment plan and Wealthplus plan
Informative and helpful post, so many people can have a secured life now
Informative post , was not knowing about it.
Wow! This is so informative..I didnt know all this until I read your article.
Informative post. Will share with my family too.
Insurance cover is so important and I really.liked this policy launched by edelweiss .
I always look out for better ways of investment. This would be if much help
Sounds like a great policy with great benefits! Would love to add it to my investment portfolio 🙂
Looking forward to more posts on the same topic as people like me need more education on this
This reminds me to push my last month’s saving into investment
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Informative post.
Have been looking for good plans. Helpful to me
So glad that my post helped you !!
I will check this insurance company out.Always wanting new methods of securing future
Great plans they have with best benefits, I will check out their site for the same… Thanx for useful information
This looks very useful… Thank you for sharing this useful information with us
Thats defintely a unique way of informing us about the inusrance. Thumbs up!
Thanks a lot for liking it and it’s really informative so shared
Informative post i had no idea about this. A good read. Will ponder over
Thanks for hopping here and reading !!
I always looking forward to the new ways of proper investment.. This post is very informative for me at least… Thank you for such amazing post..
So glad that this post is helping you in a way !!
I haven’t known about all these. This is quite informative. Thanks for sharing.
Thanks for reading this and finding helpful
It seems they’ve come up with some really good plans, will surely look after them and take up a plan for my kids!
Investing in insurance is utmost important today. Happy to find such useful information in this post.