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 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 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 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 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 companys 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 insurers 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