Edelweiss Tokio ULIP Plans

Edelweiss Tokio Life Insurance is a joint venture between Edelweiss financial Services, Mumbai and Tokio Marine Holdings Inc, Japan. It was established in 2011. It is one of the leading financial service providers which caters to the various needs of its customers and offers a host of products designed specifically to meet the needs of its customers.

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Top Edelweiss Tokio ULIP Plans

Fund Name
Fund Size
NAV
5 Year
7 Year
10 Year
Edelweiss Tokio ULIP Plans Equity Top 250 Fund
419 Cr
35.1 0.04%
8.35%
12.14%
14.1% Highest Returns
14.1% Highest Returns
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Edelweiss Tokio ULIP Plans Equity Large Cap Fund
438 Cr
35.9 0.07%
8.51%
12.4%
13.02% Highest Returns
13.02% Highest Returns
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Fund Name
Fund Size
NAV
5 Year
7 Year
10 Year
Edelweiss Tokio ULIP Plans Managed Fund
43 Cr
27.84 0.01%
7.09%
9.85%
10.18% Highest Returns
10.18% Highest Returns
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Fund Name
Fund Size
NAV
5 Year
7 Year
10 Year
Edelweiss Tokio ULIP Plans Bond Fund
105 Cr
23.38 -0.02%
6.34%
8.09% Highest Returns
8.01%
8.01%
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Best ULIP Funds - Consider the best performing ULIP funds to invest in 2022 with Policybazaar. Find the list of best ULIP funds in India on the basis of Returns, Latest Nav, Fund Size and Categories

The premium paid is invested at the prevailing NAV which changes every moment with the market trend. ULIPs promise good returns linked to the market and also insurance coverage. The basic features of features of unit linked insurance plan are as follows:

What are ULIPs?

Unit Linked Insurance Plans (ULIPs) are insurance plans combined with the features of a mutual fund. The premiums paid by the policyholder are held in a corpus which is then invested in stocks and shares of different companies operating in the capital market. The total market value of the corpus invested divided by the number of securities purchased give the Net Asset Value (NAV) which is the price of one unit of the fund. The premium paid is invested at the prevailing NAV which changes every moment with the market trend. ULIPs promise good returns linked to the market and also insurance coverage. The basic features of ULIPs are as follows:

  • The premium paid is invested in a choice of funds offered by the company. Each fund represents different risk criteria. The basic funds offered are Equity Fund which has a high risk, Debt Fund which has low risk and Balanced Fund a mix of Equity and Debt Fund with a moderate risk. The returns are directly related to the risk profile of the fund.
  • Applicable charges are deducted from the premium paid for insurance coverage, administration charge, fund management charge, etc.
  • Insurance coverage depends on the amount of premium paid
  • The premiums are to be locked-in for 5 years after which partial withdrawals are allowed from the fund value
  • Switching option is available which enables the policyholder to switch his investment between funds
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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Edelweiss Tokio Life ULIP Plans

Edelweiss Tokio Life Insurance Company offers ULIP plans to meet the requirements of all individuals. Let us take a look at the various types of unit linked plans offered by the company and the features and benefits of each plan in details.

Edelweiss Tokio Life Wealth Enhancement Ace –

A unit linked insurance plan which has the following features and benefits:

  • Premium under the plan is paid once in lump sum at the commencement of the plan under the Single Pay option of premium payment
  • The premium net of applicable charges is invested in the fund decided by the policyholder. There are 5 funds available for investment which are Equity Large Cap Fund, Equity Top 250 Fund, Bond Fund, Money Market Fund and Managed Fund
  • On maturity, the Fund Value is payable which can be availed in lump sum or taken in instalments over a period of 5 years through the Settlement Option feature
  • In case of death of the insured during the plan tenure, the death benefit is higher of the basic Sum Assured including top-up Sum Assured net of partial withdrawals or the Fund Value subject to a minimum of 105% of all premiums paid till the date of death
  • Guaranteed Additions are added to the fund value @0.25% of the average fund value over the preceding 12 months from the 8th policy year and every year thereafter.
  • Unlimited free switches are available to switch between funds with a minimum value of Rs.5000
  • Two free partial withdrawals are allowed annually with a minimum of Rs.5000
  • The Sum Assured can be increased or decreased subject to certain terms and conditions
  • Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.

Eligibility Details

 

Minimum

Maximum

Entry Age

5 years

65 years

Maturity Age

18 years

75 years

Policy Term

10, 15 or 20 years

Premium amount

Rs.75, 000

No limit

Sum Assured

1.25 or 1.10 times the single premium paid depending on age

10 times the single premium paid

Premium Payment Term

Single pay

Edelweiss Tokio Wealth Accumulation (Accelerated Cover) –

A unit linked insurance plan providing attractive returns and life insurance coverage. The features and benefits of the plan are as follows:

  • Premiums under the plan can either be paid for the entire tenure of the plan or for a limited tenure.
  • The premiums paid net of applicable charges are invested in the fund decided by the policyholder. There are 6 funds available for investment which are Equity Large Cap Fund, Equity Top 250 Fund, Bond Fund, Money Market Fund, Managed Fund and Price Earning (P/E) based Fund
  • On maturity, the Fund Value is payable which can be availed in lump sum or taken in instalments over a period of 5 years through the Settlement Option feature
  • In case of death of the insured during the plan tenure, the death benefit is higher of the basic Sum Assured including top-up Sum Assured net of partial withdrawals or the Fund Value subject to a minimum of 105% of all premiums paid till the date of death
  • Guaranteed Additions are added @2% - 6% of the annual premium. The rate of additions and the tenure of additions depend on the premium amount and the premium paying tenure
  • Unlimited free switches are available to switch between funds with a minimum value of Rs.5000
  • Two free partial withdrawals are allowed annually with a minimum of Rs.5000
  • Two free premium redirections are also allowed to redirect future premiums into another fund
  • The Sum Assured can be increased or decreased subject to certain terms and conditions
  • Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.

Eligibility Details

 

Minimum

Maximum

Entry Age

5 years

65 years

Maturity Age

18 years

75 years

Policy Term

10, 15, 20, 25 or 30 years

Premium amount

Rs.25, 000

No limit

Sum Assured

Higher of 10/7 times the annual premium or 0.5/0.25*term*annual premium

20 or 25 times the annual premium depending on age

Premium Payment Term

Equal to policy tenure or 5, 7 or 10 years

Premium Paying Frequency

Yearly, half-yearly, quarterly or monthly

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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Edelweiss Tokio Wealth Accumulation (Privilege) –

A unit linked plan with low allocation charges. The features and benefits of the plan are as follows:

  • Premiums under the plan can either be paid for the entire tenure of the plan or for a limited tenure.
  • The premiums paid net of applicable charges are invested in the fund decided by the policyholder. There are 5 funds available for investment which are Equity Large Cap Fund, Equity Top 250 Fund, Bond Fund, Money Market Fund and Managed Fund
  • On maturity, the Fund Value is payable which can be availed in lump sum or taken in instalments over a period of 5 years through the Settlement Option feature
  • In case of death of the insured during the plan tenure, the death benefit is higher of the basic Sum Assured including top-up Sum Assured net of partial withdrawals or the Fund Value subject to a minimum of 105% of all premiums paid till the date of death
  • Guaranteed Additions are added to the fund value @0.25% of the average fund value over the preceding 12 months from the 8th policy year and every year thereafter.
  • Unlimited free switches are available to switch between funds with a minimum value of Rs.5000
  • Two free premium redirections are also allowed to redirect future premiums into another fund
  • The Sum Assured can be increased or decreased subject to certain terms and conditions and the premium paying term can also be altered
  • Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.

Eligibility Details

 

Minimum

Maximum

Entry Age

5 years

65 years

Maturity Age

18 years

75 years

Policy Term

10, 15, 20, 25 or 30 years

Premium amount

Rs.2.5 lakhs

No limit

Sum Assured

Higher of 10/7 times the annual premium or 0.5/0.25*term*annual premium

20 or 25 times the annual premium depending on age

Premium Payment Term

Equal to policy tenure or 5, 7 or 10 years

Premium Paying Frequency

Yearly, half-yearly, quarterly or monthly

Edelweiss Tokio Life Wealth Accumulation (Cover Plus) –

A unit linked insurance plan with enhanced death benefit payout. The features and benefits of the plan are as follows:

  • Premiums under the plan can either be paid for the entire tenure of the plan or for a limited tenure.
  • The premiums paid net of applicable charges are invested in the fund decided by the policyholder. There are 6 funds available for investment which are Equity Large Cap Fund, Equity Top 250 Fund, Bond Fund, Money Market Fund, Managed Fund and Price Earning (P/E) based Fund
  • On maturity, the Fund Value is payable which can be availed in lump sum or taken in instalments over a period of 5 years through the Settlement Option feature
  • In case of death of the insured during the plan tenure, the death benefit is higher of the basic Sum Assured including top-up Sum Assured plus the Fund Value including any top-up fund value or 105% of all premiums paid till the date of death
  • Guaranteed Additions are added @2% - 6% of the annual premium. The rate of additions and the tenure of additions depend on the premium amount and the premium paying tenure
  • Unlimited free switches are available to switch between funds with a minimum value of Rs.5000
  • Two free partial withdrawals are allowed annually with a minimum of Rs.5000
  • Two free premium redirections are also allowed to redirect future premiums into another fund
  • The Sum Assured can be increased or decreased subject to certain terms and conditions and the premium paying term can also be altered
  • Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.

Eligibility Details

 

Minimum

Maximum

Entry Age

5 years

65 years

Maturity Age

18 years

75 years

Policy Term

10, 15, 20, 25 or 30 years

Premium amount

Rs.25, 000

No limit

Sum Assured

Higher of 10/7 times the annual premium or 0.5/0.25*term*annual premium

20 or 25 times the annual premium depending on age

Premium Payment Term

Equal to policy tenure or 5, 7 or 10 years

Premium Paying Frequency

Yearly, half-yearly, quarterly or monthly

Applying for a Unit Linked Plan from the company:

Online

The company offers specific plans which are available online only. The customer only needs to log into the company’s website, choose the required plan, choose the coverage and provide the details. The premium will be determined using the filled details. The customer then needs to pay the premium online through credit card, debit card or net banking facilities and the policy will be issued

Intermediaries

Plans which are not available online can be purchased from agents, brokers, banks, etc. where the intermediaries help with the application process.

Applying For ULIPs through PolicyBazaar

    • On the PolicyBazaar homepage, click on ULIPs under the Personal tab.
    • Click New Quotes to compare and choose from top insurance providers.
    • Fill your date of birth (DOB), whether you are a smoker/non-smoker, and the payout amount. On the basis of your payout amount, you will get an estimate of your premium. Next click Continue.
    • Fill in your name, email address, city, country code, and mobile number. Click Continue.
    • You will be taken to the Life Insurance quotes page where you will see life insurance quotes of more than 10 insurers. Next, choose the plan as per payment schedule – One Time Payout and Monthly Payout Plans.
    • After reviewing and comparing each life insurance quote, click the premium amount to buy the desired plan.
    • You will see a pop-up on the screen which will give you an overview of the chosen plan like premium, plan features, exclusions, additional riders, etc. Click Proceed.
    • This will take you to the insurer’s website. You will have to fill in the necessary details to buy the plan.

To know about Pension Plans check at Edelweiss Tokio Pension Plans

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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Edelweiss Tokio ULIP Plans - FAQs

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