The Wealth Enhancement (Ace) ULIP Plan offered by Edelweiss Tokio Life is a unit linked life insurance policy that facilitates steady and flexible wealth enhancement for the policyholder. The plan has 5 different fund options , with additional features like guaranteed loyalty additions that enhance the fund.
Policyholders must meet the following criteria in order to buy an Edelweiss Tokio Life Wealth Enhancement (Ace) ULIP Plan:
|Minimum entry age||5 years|
|Maximum entry age||65 years|
|Minimum maturity age||18 years|
|Maximum maturity age||75 years|
|Minimum Sum Assured||
|Maximum Sum Assured||Single Premium x 10|
|Minimum Sum Assured Top-Up||
|Maximum Sum Assured Top-Up||Top-Up Premium x 10|
|Premium Payment Terms||Single Pay|
|Basic Premium Amounts||
|Basic Premium for Top-Ups||Rs.5,000|
|Premium Payment Frequency||Single|
|Funds||Equity||Debt and Money Market Instruments||Risk Profile|
|Equity Large Cap Fund||60% - 100%||0% - 40%||High|
|Equity Top 250 Fund||60% - 100%||0% - 40%||High|
|Bond Fund||0%||100%||Low to Medium|
|Money Market Fund||0%||100%||Low|
|Managed Fund||0% - 40%||60% - 100%||Medium|
You can get tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961 on premiums paid and maturity proceeds, respectively.
There are several other benefits that the policyholder receives for purchasing insurance plans from Edelweiss Tokio Life Insurance Company Limited such as:
Edelweiss Tokio Life Insurance is a joint venture between Edelweiss Financial Services, one of India's leading financial service company and Tokio Marine Holdings Inc., a 130 year old insurance company in Japan, their largest insurance provider.
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