Alpha Ideas

Couple of days back, Edelweiss Tokio Life launched the Wealth Plus product.

This product is not only very low cost but the life insurance company actually adds to the premiums!

Since it is a very unique product, it can be a game changer in the industry.

Product Features:

• Unit Linked Product
• Very Low Cost
  • 0% premium allocation charges
  • 0% policy administration charges
  • 100% of your premium gets allocated
• Additions
  • The company will provide additional allocation every year as follows:
    • Policy Year 1-5: 1%
    • Policy Year 6-10: 3%
    • Policy Year 11-15: 5%
    • Policy Year 16-20: 7%
  • Over a 20 year term, 80% of one year premium will be paid by the company!
• Child Proposition
  • On death of parent, following benefits are paid:
    • Lump sum amount
    • All future premiums immediately credited so more compounding benefits
    • All future premiums waived off
    • Company will pay additional allocation every year
• Investment Strategy
  • Flexibility to choose investment strategy
  • Funds available-Equity Large Cap, Equity Top 250 ,Equity Mid Cap Fund,
  • 0% Switching Costs
  • All Funds are in the top Decile as rated by Morningstar
• Plan Benefits
  • Death Benefit: Higher of Sum Assured or Fund Value
  • Maturity Benefit: Fund Value

Do check out the product if interested in a top performing low cost ULIP