Edelwiss Tokio Life –Wealth Accumulation(Cover Plus)

A ULIP plan; Wealth accumulation (cover plus) helps to accumulate money for important events of life along with a risk cover. In addition to wealth accumulation, the additional risk cover ensures readjustment cushion for the near and dear ones in the rare event of premature death of the Life Assured.

Key Features

  • Tailor made solution to match your wealth accumulation needs.
  • Both Asset Allocation and Stock Selection support provided through new-age P/E based fund and Managed Fund.
  • Facility to switch your accumulated investment from one fund to another at the opportune time. You can also choose to redirect your future premiums in funds of your choice.
  • In addition to wealth accumulation, the additional risk cover ensures readjustment cushion for the near and dear ones in the rare event of premature death of the Life Assured.
  • Access to your wealth any time you require, through facilities like loans and partial withdrawals.

Benefits

  • Maturity Benefit:
At the end of your policy term, you will receive the Fund value.
  • Tax Benefit
The Premium(s) paid by you are eligible for tax benefit available under the provisions of Section(s) 80C, 80 CCC (1), 80D, 10(10D) as applicable.
  • Death Benefit
Sum Assured on Death will be payable Sum Assured on Death is higher of:
Fund Value (including top-up fund value) + Sum Assured (including top-up sum assured), subject to minimum of 105% of total premiums paid including top-ups paid till the date of death

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 5 years 65 years
AGE OF MATURITY 18 years 75 years
POLICY TERM 10/15/20/25/30 Years
PREMIUM PAYMENT TERM Regular premium: Same as policy term
Limited Premium: 5/7/10 years
PAYMENT MODES Monthly, Quarterly, Semi-annually or Annually

What if?

I am unable to pay the premium

  • Grace period is of 30 days. The policy will remain in force during the grace period.If any premium remains unpaid at the end of the grace period, the policy shall lapse.

I stop the payment

  • On the completion of the grace period the policy will get lapsed and the benefits cannot be claimed on the death of the life insured.

I want to take a loan

  • Loan options are not available for this policy