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Launch Of A New Traditional Plan by Edelweiss Life Insurance
A new non-linked and non-participating life insurance has been launched by Edelweiss Life Insurance which provides a combination of protection and savings.
Returns as high
as 7.1%##
Includes life cover
Completely Tax free^
as 7.1%##
Includes life cover
Completely Tax free^
We are rated++
10.5 Crore
Registered Consumer
51
Insurance Partners
5.3 Crore
Policies Sold
In-built life cover
Get Guaranteed returns upto 7.1%* With Life Cover
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- Launch Of A New Traditional Plan by Edelweiss Life Insurance
The name of the plan is Edelweiss Life- Wealth Builder and it guarantees all the benefits at the beginning of the policy.
- Minimum entry age: 91 days
- Maximum maturity age: 70 years
- Policy Term: 10 to 30 years
- Mode of payment: monthly, semi annually or annually
- Premium Paying Term: 5, 7, 10 or 12 years
Along with Tax benefits under section 80 C and 10(10D), this plan also provides a “Guaranteed Loyalty Additions (GLA)” which depends upon policy term, premium, premium paying term, gender of the life assured and entry age. A press release issued by the company states that the accrued GLA is payable on death or on maturity.
The cumulative annualised premium is the sum assured on maturity. In case the policyholder dies then the death sum assured ranges from 10 to 13 times of the annualised premiums. The death benefit is at least equal to 115% of the annualised premiums that are paid until the date of death.
This plan also has other features like loan facility, 15-day free look period and options for riders like total & permanent disability cover, accidental death benefit, critical illness and likewise.
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
* Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy male of 18 years old paying Rs. 30,000/- monthly (exclusive of all applicable taxes)
** Fixed deposit rate applicable for 5 year's 1 day to
10 years for investment amount less< 2 Crore ( Not for senior citizens).
*** PPF interest rate applicable for 15 years
for investment amount upto 1.5 Lac
+ Trad plans with a premium above 5 lakhs
would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
## The Guaranteed Returns are dependent on the policy term and premium term availed along with the other variable factors. 7.1% rate of return is for an 18 years old, healthy male for a policy term of 20 years and premium term of 10 years with Rs.10,000 monthly installment premium. All plans listed here are of insurance companies’ funds.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
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