Edelweiss Tokio Life Wealth Plus

Edelweiss Tokio Life Wealth Plus is a Unit Linked, Non-Participating, Individual Life Insurance Plan that combines investment and insurance benefits. The plan also offers a Rising Star Benefit that financially secures your children in case of your death.

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Investing in your child's future:A wise decision & a loving choice
  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

In-built life cover
Nothing Is More Important Than Securing Your Child's Future

Invest ₹10k/month your child will get ₹1 Cr Tax Free*

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What is Edelweiss Tokio Life Wealth Plus?

Edelweiss Tokio Life Wealth Plus is a unit-linked individual life insurance product. This means that the policy combines investment benefits with insurance coverage. The investment portion of your premium is allocated to units of funds chosen by you. The value of these units fluctuates based on the performance of the underlying assets. The insurance benefit provides a death benefit to your beneficiary in case of your unfortunate demise.

Features of Edelweiss Tokio Life Wealth Plus

  • Life cover and savings growth: This plan provides a life insurance benefit and the opportunity to grow your money through investment in units of chosen funds.

  • Child benefit option: You can opt for the Rising Star benefit, which provides an additional lump sum payout and waives off future premiums for your child in case of your unfortunate demise.

  • Manage your funds: Choose between managing your fund allocation yourself or leaving it to Edelweiss Tokio Life's experts through their Life Stage and Duration-based Strategy.

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Eligibility Criteria for the Edelweiss Tokio Life Wealth Plus

Conditions Minimum  Maximum 
Entry Age  1 year 55 years
Maturiy Age 18 years  70 years
Policy Term 10 years  20 years 
Premium Payment Term 5 years  Policy Term minus 1
Premium Paying Frequency Annual | Half – Yearly | Quarterly | Monthly
Sum Assured  10 x Annualised Premium 10 x Annualised Premium
Top-Up Sum Assured  1.25 x Top-up Premium 1.25 x Top-up Premium
Annualised Premium 
PPT Policy Term Annual Mode Moder Other than Annual 
5-10 10-14 ₹48,000 ₹60,000
15-20 ₹36,000 ₹36,000
Greater than 10 11-14 ₹48,000 ₹48,000
15-20 ₹36,000 ₹36,000
No Limit
Top-Up Premium  ₹5,000 At any point of time the total
top-up premiums paid shall
not exceed the total of the
base premiums paid at the
point of time.

Investment Investment
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Child Banner
Secure your child’s future with or without you
Start Investing
& Get
₹1 Crore*
*Standard T & C Apply

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Benefits of the Edelweiss Tokio Life Wealth Plus

Below are the benefits of Benefits of the Edelweiss Tokio Life Wealth Plus Plan: 

  • Loyalty Rewards: Edelweiss treats you like family! You'll receive an increasing loyalty bonus starting at 1% of your annual premium in the first 5 years, growing by 2% every 5 years thereafter.

  • Child Benefit (Rising Star): Safeguard your child's future. This optional benefit provides them with a payout in your absence, waives future premiums, and ensures the policy continues to grow for their benefit.

  • Investment Choice: Take charge or let the experts handle it. Choose between the Self-managed Strategy, where you control your investments, or the Life Stage and Duration Strategy, where Edelweiss Tokio Life's specialists manage the funds for you.

  • Easy Access to Your Money: Need some cash? No problem. From the 6th year onwards, you can make partial withdrawals from your accumulated amount.

  • Boost Your Savings: Got some extra money? Invest it in your policy! Top-up premiums allow you to add to your fund value and increase your potential returns.

  • Tax Advantages: Get tax benefits on both ends. Premiums paid may qualify for tax deductions under Section 80(C), and your returns may be tax-exempt under Section 10(10D).

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Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child View Plans
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child View Plans
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child View Plans
Standard T&C Apply *

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Policy Details of the Edelweiss Tokio Life Wealth Plus

  1. Policy Loan

    This plan does not offer a policy loan facility.

  2. Free Look Period

    You have 15 days (30 days for policies sold through Distance Marketing) to review the policy documents after you receive them. If you disagree with any terms and conditions, you can return the policy with written reasons for objection. In this case, you will receive a refund consisting of:

    • Fund value at the date of cancellation

    • Non-allocated premium (if any)

    • Charges levied by cancellation of units


    • Stamp duty

    • Medical expenses (if any)

    • Proportionate risk premium for the coverage period

    • Extra allocation added to your policy

  3. Grace Period

    The grace period for paying your premium is:

    • 30 days for annual, semi-annual, and quarterly payments

    • 15 days for monthly payments

    Your policy will remain active during the grace period. If the premium remains unpaid after the grace period ends, the non-forfeiture provisions will apply.

  4. Foreclosure

    If the fund value becomes zero after five (5) policy years, the policy will be terminated (foreclosed).

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Exclusions Under the Edelweiss Tokio Life Wealth Plus

If the Life Insured dies by suicide within 12 months from the Policy Commencement Date or from the Policy Revival Date, the Nominee or beneficiary of the Policyholder will receive the Fund Value as of the death notification date. Additionally, any charges except Fund Management Charges (FMC) and guarantee charges collected after the death date will be reimbursed and added back to the Fund Value as of the death notification date.


  • What are the benefits of choosing Edelweiss Tokio Life – Wealth Plus?

    Edelweiss Tokio Life – Wealth Plus provides the opportunity to grow your fund value annually. It also allows you to plan for your child's financial security in the event of your absence.
  • Can I change the Premium Paying Term (PPT) of my policy?

    Yes, you can change the PPT (increase or decrease) provided it complies with the plan's allowed PPTs and all other plan conditions are met. The request must be made while the policy is in force and before the existing PPT expires. However, if the Rising Star Benefit is chosen, this option is not available. The revised PPT cannot be less than 10 years in case of a decrease.
  • Is there a limit on the number of free switches between funds?

    No, if you have selected the Self-Managed Strategy, you can switch between funds without any limit. This switching facility allows you to align your investments with your financial priorities and outlook. The minimum amount per switch is Rs. 5,000. However, if your current Investment Strategy is Life Stage & Duration Based, switching is not available.
  • Can I opt-in or opt-out of the Investment Strategies during the Policy Term?

    Yes, if you have chosen the Life Stage & Duration Based Strategy, you can opt-in or opt-out of it at any time during the Policy Term. You may switch to the Self-Managed Strategy by opting out of the Life Stage & Duration Based Strategy whenever you choose.
  • Is there a facility for premium redirection?

    Yes, if you have selected the Self-Managed Strategy, you can redirect future premiums, including Top-up Premiums, to different funds than those selected initially or in previous redirection requests. This facility is called premium redirection and is free of cost. You must provide a written notice to the Company at least two weeks before the receipt of the relevant premium.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.

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Edelweiss Life Child Plans Reviews & Ratings

4 / 5 (Based on 24 Reviews)
(Showing Newest 10 reviews)
Auraiya, March 02, 2021
Use money for education
I have took the child insurance plan from policybazaar and it was of edelweiss tokio. I am happy that I have secured the future of my child. It will be easy for y child to get best in class education. Thank you so much team.
Angamaly, February 19, 2021
Great insurance company
I found my son’s child insurance plan from the website of the policybazaar and that was the plan of edelweiss tokio. It is one of the wonderful plan which I have got. The insurance company is also very good. They are understanding in nature. Kudos team.
Baleshwar, July 08, 2016
Child Plan
I purchase child insurance plan for my child and the policy has many feature like policy cover maximum expenditure occur in future for the good for my child and online portal service is easy to access. Premiums are low and claims are high which can be easily sanctioned.
Akbarpur, June 28, 2016
My child insurance plan is good which come in very low investment but the payback returns after policy get mature is very nice which fulfill my child's dreams. Policy coverage is nice and claims are easily sanctioned. Online portal service is also very fast and easy to access. Good future investment.
Pune, May 23, 2016
Superb Plan
The superb child policy which provided by edelweiss tokio life insurance. The policy coverage is 89% and the claims are ~Rs.36 L after policy ends. The investment is ~Rs.11 K quarterly per year. Services are great and fast too. Great work guys. Good future investment with tax saving. The daily updates are send to me regularly.
Mumbai, May 23, 2016
Edelweiss tokio child plan which has very good policy coverage ~91%. The service is also good, fast and on time. The claims are high ~ 37 L and claiming process is easy because the executive and staff members providing good response and quick services. Good investment with tax savings.
Chennai, May 23, 2016
Very Nice
I have awesome life child plan which i purchase from edelweiss tokio life insurance. The claim is high and the policy coverage is 89%. Service you provided is fast and very quick. Daily updates are mail and texted to me. The policy is good for future investment and it saves taxes also. The policy updates are mailed to me daily.
Agra, May 23, 2016
Fair Plan
I buy edelweiss tokio child plan. Policy coverage is 86% and the claims are high. Premium is low and the services are fast and with great response from executives and staff members of the company. Good future investment and it saves taxes too. I must say good work.
Raipur, May 23, 2016
Manageable Policy
The edelweiss tokio child plan i have is an average policy. The service is fast and the policy coverage is approx. 79%. The claims are okay and the claiming process is easy. Executives and staff members are doing great work with good response. Okay policy and good for tax saving. Good plan for middle class people. Please improve the policy services and online facilities.
Fakirpur, May 23, 2016
I purchase edelweiss tokio child plan. Policy have various benefits but the policy coverage is the best ~91% is covered in the policy. Claims are high and the premiums are low. Service is good which facilitate by the executives and staff members. Nice future investment which saves tax also. I like the policy.
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