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Edelweiss Tokio Life Wealth Ultima

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Edelweiss Tokio Life Wealth Ultima

Edelweiss Tokio Life Wealth Ultima is a simple Unit Linked Insurance Plan. Edelweiss Tokio Life - Wealth Ultima is designed for accumulating your wealth by having an option to pay systematically through monthly or other modes, growing your wealth by capitalizing on multiple choices of STPs and/or funds and utilizing your wealth by opting for SWP. This plan is a systematic, well thought out plan that enables you to create long term wealth and also protect yourself against the uncertainties of life.

Key Features of Edelweiss Tokio Life Wealth Ultima

 It is a Unit Linked Insurance Plan

 Plan comes with a unique investment strategy to accumulate, preserve and utilize wealth

 Life Cover: This product provides life cover which gives a lump sum amount to the beneficiary

in case of unfortunate demise of the Life Insured.

 Little Champ Benefit: In case of unfortunate demise of the Policyholder, the policy shall

continue and the child receives the Policy benefits as planned.

Benefits you get from Edelweiss Tokio Life Wealth Ultima

Maturity Benefit

Fund value is payable on survival of life insured till the end of policy term. Policyholder also has the option to receive the maturity proceeds in lumpsum or in instalments through Settlement Option.

Death Benefit

For entry age of Life Insured is 1 year or more, death Benefit payable is the sum of:
Highest of:
1. Fund Value; or
2. Sum Assured less relevant Partial Withdrawals #; or
3. 105% of total premiums paid

AND

Highest of:
1. Top-up Fund Value; or
2. Top-up Sum Assured; or
3. 105% of total Top-up Premiums paid

Enhancing your fund value
This plan has 3 types of additions in the fund which enhance your fund value and reduce the total cost:

a. Loyalty Additions: Rewards you for continuously paying your premiums
b. Guaranteed Additions: Rewards you for staying invested
c. Booster Additions: Ensures effective growth of your fund value
Longer your policy term, higher will be the additions to your fund

Eligibility conditions & other restrictions in Edelweiss Tokio Life Wealth Ultima

Policy Term  
Minimum 10 Years
Maximum  5-6 PPT: 70 minus age at entry (Only Option 1 is available)
7 PPT and above: 100 minus age at entry (Both Option 1 & Option 2 are available)


Additions under Edelweiss Tokio Life Wealth Ultima

Additions in the Fund:
These additions help in enhancing your fund value and thereby reducing the total cost under the plan.
This plan has three kind of additions in the fund as mentioned below:

a) Guaranteed Additions: Guaranteed Additions will be added to the Fund Value at the end of every
Policy Year, starting from the end of sixth Policy Year till the Maturity Date of the policy. Each
Guaranteed Addition will be 0.25% of average of daily Fund Value of last 12 months. Guaranteed
Additions will be added even if the policy is reduced paid-up, is in revival period but not in Discontinued
Fund. In case of revival of policies from Discontinuance Fund no additions will made in respect of past policy anniversaries.

b) Loyalty Additions: Loyalty Additions will be added to the Fund Value at the end of every Policy Year, starting from the end of sixth Policy Year till the end of the Premium Paying Term, provided all the
Premiums which have fallen due for that Policy Year have been paid. Each Loyalty Addition will be 0.15% of average of daily Fund Value of last 12 months. No Loyalty Additions will be added for policies with 5 year PPT. Loyalty Additions will be added in the sixth policy year for one year (i.e. sixth policy year) for policies with 6 year PPT, provided all the premiums which have fallen due have been paid for that policy year. For a Policy which is Reduced Paid-up, is in revival period or is in Discontinuance Fund,
Loyalty Additions will not be added. In case of revival of policies no additions will made in respect of past policy anniversaries.

c) Booster Additions: Booster Additions will be added to the Fund Value at the end of every fifth Policy Year starting from end of 10th Policy Year till the Maturity Date of the Policy. Each Booster Addition will be a percentage of average of daily Fund Value of last 60 months

Other Benefits and details under Edelweiss Tokio Life Wealth Ultima

1. Unlimited free switches between funds:
If you have chosen Self-Managed Strategy, you can move money between the funds depending on your financial priorities and investment outlook. This facility is called switching and is available free of cost.
Minimum amount per switch is Rs. 5,000. In case your current Investment Option is any of the STPs, switching facility is not available.

2. Premium Redirection: If you have chosen Self-Managed Strategy, you can choose to allocate future premiums including Top-up Premiums in fund(s) different from that/those selected at policy inception or previous premium redirection request. This facility is called premium redirection and is available free of cost. The premium redirection notice should be given to the Company in writing at least two weeks’ prior to the receipt of relevant premium.

3. Partial Withdrawals: You may withdraw a part of your fund value as per your liquidity requirements at any time after the completion of the fifth Policy Anniversary Year, subject to following conditions:

a) Provided the Life Insured has attained an age of 18 years.
b) Partial Withdrawals will be first adjusted from the Top-Up Fund Value (which excludes the Top-Up
Premium locked in for 5 years), if available and then from the Policy Fund Value. There is a lock-in period of five years for each top up premium from the date of payment of that top up premium for the purpose of partial withdrawals.
c) Minimum amount that can be withdrawn is Rs. 500 per withdrawal.
d) You can make unlimited number of partial withdrawals as long as the resultant Fund Value after payment of such partial withdrawal is greater than or equal to 105% of total premiums paid (Including Top-up Premiums).
e) The partial withdrawals will not be allowed which would result in termination of a contract.
f) The partial withdrawals are free of cost.

4. Top-up premiums: You can invest your surplus money as Top-up Premium over and above the
Premium subject to following conditions:
1. Top-up premiums are allowed at any time during the policy term, except in the five years prior to the maturity date and only if all the due premiums have been paid at the time of making the top-up premiums.
2. Each Top-up premium will be invested in separate Top-up account with a 60 months’ lock-in period from the payment date. 3. At any point of time during the Policy Term, the total top-up premiums paid shall not exceed the sum total of the base premiums paid to date.
4. The Sum Assured on Top-up Premium shall be based on the age at payment of Top-up premium but not on the age at entry of the Life Insured.
5. Surrender Benefit: At any time during the Policy Term, you can choose to surrender the Policy • If
the surrender request is received before the completion of first 5 policy years, the fund value net of discontinuance charge shall be credited to the discontinued policy fund. Thereafter the treatment will be as mentioned under ‘Treatment of Policy while in Discontinuance Policy Fund’ and ‘Policy Revival’ section. If the policy is not revived the Discontinued Policy fund value shall be payable at the end of 5th

Policy year. • If the surrender request is received after the completion of first 5 policy years, the policyholder shall be entitled to the fund value and policy will terminate.
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