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.

Maximum returns Offered by Guaranteed

6.5%**

Fixed Deposits

(by SBI bank)

(5-10 Years)

7.1%***

Public Provident Fund

(other popular options)

(15 Years)

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58.9 Million
Registered Consumer
51
Insurance Partners
26.4 Million
Policies Sold
In-built life cover
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invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns+
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We are rated~
rating
58.9 Million
Registered Consumer
51
Insurance Partners
26.4 Million
Policies Sold

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.

* 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
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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