Edelweiss Life Insurance Wealth Premier Plan

Eligibility Criteria for the Edelweiss Life Wealth Premier Plan

A ULIP generally has a mandatory five-year lock-in period during which surrender or withdrawal is restricted.

Features of Edelweiss Life Insurance Wealth Premier Plan

Here are the key features of the plan:

• Dual Benefit Structure: It includes a dual structure that ensures life insurance and market-based investment expansion.
• A wide range of Fund Amenities: Choose an equity fund, a debt fund, a balanced fund or a government security fund depending on your risk profile.
• Flexible Investment Strategy: Invest all the money based on financial goals and adjust investments as needed. The Edelweiss Life ULIP Plans offer the option to invest in alternative funds and still have life insurance.
• Fund Switching Facility: Policyholders can easily switch investments between funds at minimal or no cost.
• Additions of Loyalty: Loyalty additions may be made in between units during the term of the policy to add value to the fund.
• Partial Withdrawal Facility: Retrieve funds at the end of the lock-in, subject to policy.

Benefits of the Edelweiss Life Insurance Wealth Premier Plan

Below are the benefits of the Edelweiss Life Insurance Wealth Premier Plan:

• Maturity Benefit: When the policyholder survives up to maturity, he/she will receive the fund value at the prevailing NAV.
• Death Benefit: The nominee has a right to get the sum assured and fund value, which is maximum on death policies.
• Wealth Creation Opportunity: Helps in corpus building to spend at a later stage, e.g., retirement or school.
• Investment Flexibility: Provides the freedom of dealing with the allocation of investment depending on market conditions.
• Long-Term Financial Planning: This one is appropriate for savings and investment development with discipline.

Riders Under the Edelweiss Life Insurance Wealth Premier Plan

• Accidental Death Rider: Will also provide additional financial cover in the event of an accidental death.
• Critical Illness Rider: Provides cover for identified critical diseases.
• Waiver of Premium Rider: Future premiums are waived if the policyholder becomes disabled or suffers a critical illness.

Policy Details of the Edelweiss Life Insurance Wealth Premier Plan

1. Grace Period

   There is a grace period during which the premium is payable, usually 15 days for the monthly mode and 30 days for other payment modes.

2. Revival

   It is possible to revive a lapsed policy within a given time frame by paying the outstanding premiums, but underwriting must be authorised.

3. Free Look Period

   Policyholders are allowed a 30-day free look period to review policy terms and cancel if not satisfied.

   

4. Surrender

   Following the five-year lock-in period, ULIPs may be surrendered. Proceeds are only made during the lock-in period, which is upon its completion.

5. Fund Switching

   It gives you the freedom to transfer any amount of your accumulated savings at any time between all 9 investment funds available with no charges to make you realise the movements in the market or change to less risky debt funds as you near maturity.

6. Loan

   A loan facility may not be available in most ULIP plans, depending on policy conditions. Individuals planning their finances should evaluate the best investment plans in 2026 based on their risk tolerance and investment horizon.

Exclusions Under the Edelweiss Life Insurance Wealth Premier Plan

Suicidal Cover

If death occurs due to suicide within 12 months of policy commencement, only the fund value is payable to the nominee.