Edelweiss Life Wealth Accumulation Plan
Edelweiss Life Wealth Accumulation (Accelerated Cover) is a Unit Linked Insurance Plan which provides growth potential through participation in capital markets and also life insurance cover.
- 4.8++ Rated
- 15.8 Crore Registered Consumer
- 53 Partners Insurance Partners
- 7.16 Crore Policies Sold
Investment Plans
- Guaranteed Tax Savings^Under sec 80C & 10(10D)
- Under sec 80C & 10(10D)Invest ₹10k Per Month*
- Zero LTCG Tax^
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- Edelweiss Life Wealth Accumulation Plan
Key Features
- It is a unit linked plan with Limited and Regular Pay option of premium payment
- Guaranteed Additions are added from the 8th policy year if PPT is greater than 5 years or from the 10th policy year for PPT lower than 5 years, where PPT is Premium Paying Tenure
6 funds are available for investment
- Equity Large Cap Fund
- Equity Top 250 Fund
- Bond Fund
- Money Market Fund
- Managed Fund
- Price Earning based Fund
Benefits
- Guaranteed Additions are expressed as a % of annual Premium and depend on the PPT and premium amount
- The insured will get the total Fund Value on Maturity including Top-up Fund Value
- The maturity benefit can be taken in instalments over a period of 2, 3, 4 or 5 years through the Settlement Option
- On death of the policyholder, higher of the Sum Assured net of partial withdrawals made in the last 2 years if the age attained was less than 60 years or Fund Value subject to a minimum of 105% of all premiums paid till death is payable
- If age attained was more than 60 years, higher of the Sum Assured less withdrawals made after age 58 or the Fund Value subject to a minimum of 105% of all premiums paid is payable
- The Sum Assured and Fund Value under both the cases will include top-up Sum Assured and top-up Fund Value
- Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.
Product Specification
| Â | Minimum | Maximum |
| Entry Age (Last Birthday) | 5 years | Â 65 years |
| Maturity Age (Last Birthday) | 18 years | 75 years |
| Policy Term (PT) in years | 10 | 30 |
| Premium Paying Term (PPT) in years | 5 / 7 / 10 Pay or equal to policy term | |
| Premium paying Frequency | Annual, half-yearly, quarterly, monthly | |
| Yearly Premium | 25,000 | No limit |
| Sum Assured | Higher of 10*annual premium or 0.5*term*annual premium for ages<45 years and higher of 7*annual premium or 0.25*term*annual premium for ages>=45 years | 25*annual premium for ages<45 years or 20*annual premium for ages>=45 years |
Policy Details
- Grace Period: 15 days grace period is allowed for monthly mode and 30 days for other modes of premium payment after which policy lapses
- Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth.
Investors often ask which SIP is best for achieving long-term financial goals.
After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges. - Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.
| Fund Name | NAV  |
AUM |
5 Yr Returns |
10 Yr Returns | |
|---|---|---|---|---|---|
| Bandhan Life Debt Fund | ₹40.53 | ₹92 Cr | 5.43% | 6.27% | |
| Bandhan Life Secure Fund | ₹28.99 | ₹47 Cr | 5.23% | 4.55% | |
| Bandhan Life Blue Chip Equity Fund | ₹30.78 | ₹198 Cr | 8.73% | 10.67% | |
| Bandhan Life Stable Fund | ₹32.76 | ₹15 Cr | 5.89% | 8.09% | |
| Bandhan Life Accelerator Fund | ₹48.04 | ₹209 Cr | 11.36% | 12.55% | |
| Bandhan Life Opportunity Fund | ₹42.44 | ₹239 Cr | 15.37% | - | |
| Bandhan Life Pension Debt Fund | ₹32.21 | ₹4 Cr | 5.26% | 6.07% | |
| Bandhan Life Pension Enhanced Equity | ₹111.64 | ₹16 Cr | 10.73% | 12.01% | |
| Bandhan Life Pension Nifty 500 Momentum Quality 50 Index Fund | ₹9.73 | ₹3 Cr | - | - | |
| Aegon Balanced | ₹44.48 | ₹12 Cr | 6.15% | 8.22% | |
| Aegon Enhanced Equity | ₹68.78 | ₹112 Cr | 10.39% | 11.78% | |
| Aegon Pension Balanced | ₹50.8 | ₹2 Cr | 7.02% | 8.79% | |
| Aegon Pension Index | ₹83.84 | ₹6 Cr | 5.99% | 9.91% | |
| Aegon Pension Secure | ₹28.76 | ₹1 Cr | 4.6% | 4.92% | |
| Aegon Life Group Equity Fund | ₹59.29 | ₹13 Cr | 11.32% | - | |
| Bandhan Life Flexi Cap Fund | ₹11.47 | ₹96 Cr | - | - | |
| Bandhan Life Mid Cap Fund | ₹10.64 | ₹88 Cr | - | - |
Inclusions
- 2 free Partial withdrawals are allowed every year after 5 completed policy years with a minimum value of Rs.5,000
- 4 free Switches are allowed every year for switching between funds
- 2 free Premium Redirection is allowed to redirect future premiums
Additional Features or Riders
- Top-ups increase the Sum Assured where the Top-up SA is 1.25*top-up premium for ages <45 yrs. and 1.10*top-up premium for ages>=45 years
- The PPT can be changed subject to certain terms and conditions
- Sum Assured levels can also be increased or decreased as per applicable conditions
Exclusions
The benefit paid in case of suicide within 12 months of policy inception or revival is the fund value as on that date.
Documents Required
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history and submit KYC documents.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^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.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
