All About The Edelweiss Tokio Wealth Ultima ULIP Plan

The Edelweiss Tokio Wealth Ultima ULIP Plan is a Unit-Linked Insurance Plan that lets policyholders invest in market-linked investment funds while also providing them with insurance coverage. Therefore, with only a single plan, you can have the benefits of insurance as well as investment. It helps you grow your wealth by investing in a market-linked fund of your choice.

Different investment funds are available under this plan. They have varying degrees of risk associated with them. According to the kind of returns and risks you are willing to take, you can choose your investment fund. This is just one of the many benefits available with the Edelweiss Tokio Wealth Ultima ULIP Plan. Read on to find more.

Features of the Edelweiss Tokio Wealth Ultima ULIP Plan

If you are wondering why you should go ahead with the Edelweiss Tokio Wealth Ultima ULIP Plan, take a look at what it has to offer:

• Cover of 100 Years

The Edelweiss Tokio Wealth Ultima ULIP Plan provides cover for a whopping 100 years. This ensures you are safe and secure for a long time to come.

• Wealth Growth

This plan is the best way to let your wealth grow into a sustainable corpus for your future. You can save up and invest in a systematic way that keeps your assets and your financial interests protected from market trends.

• Little Champ Benefit

With this plan, you can now gift a financially stable future for your children too! You can add the Little Champ benefit to your base plan for this. It provides them with sufficient help and cover even when you cannot be present.

• Guaranteed Additions

Your good and efficient saving habits are rewarded with the Edelweiss Tokio Wealth Ultima ULIP Plan. You get Loyalty and Booster additions to your plan from time to time which helps enhance your savings. 

Benefits of the Edelweiss Tokio Wealth Ultima ULIP Plan

The following are the benefits that you receive with the Edelweiss Tokio Wealth Ultima ULIP Plan:

• Systematic Monthly Plan (SMP)

The SMP allows you to pay monthly premiums to sustain your plan. It also helps you to aim for larger savings because a small amount on a monthly basis is easier to pay than a big amount at once. This also keeps your savings relatively safe from deteriorating market trends.

• Systematic Withdrawal Plan (SWP)

This benefit allows you to withdraw a portion of your funds on a regular basis, after the 10th policy year. You can choose to receive them monthly, quarterly, half-yearly or yearly. The amount in each instalment can be pre-decided by you and is a percentage of your funds.

• Tax Benefits

The Edelweiss Tokio Wealth Ultima ULIP Plan offers tax benefits to its policyholders under Sections 80C and 10D of the Income Tax Act of India.

You may also like to read:

How Can ULIPs Help You Plan For Retirement?

Need For ULIPs During Coronavirus Outbreak

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.