Edelweiss Life ULIP Plans

Edelweiss Life Insurance is a joint venture between Edelweiss Financial Services and Marine Holdings Inc. It was established in 2011. It is one of the leading financial service providers that caters to the various needs of its customers and offers a host of products designed specifically to meet the needs of its customers.

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  • 4.8 Rated
  • 7.7 Crore Registered Consumer
  • 50 Partners Insurance Partners
  • 4.2 Crore Policies Sold

ULIP Plans

  • Plan starting from ₹1,000/month
  • Save upto ₹46,800 in Tax under section 80 C
  • Zero LTCG Tax
  • In built life cover

Top performing plans with High Returns**

Invest ₹10K/month & Get ₹1 Crore# returns

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rating
7.7 Crore
Registered Consumer
50
Insurance Partners
4.2 Crore
Policies Sold
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.
Equity (Large, Mid Cap)
Balanced
Debt
Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Equity Large Cap Fund
Fund Size: 527 Cr
527 Cr
56.86 0.57%
16.13% Highest Returns
11.81%
12.43%
Get Details
Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Managed Fund
Fund Size: 38 Cr
38 Cr
37.31 0.17%
10.66% Highest Returns
8.86%
9.94%
Get Details
Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Bond Fund
Fund Size: 111 Cr
111 Cr
27.54 0.01%
6.94%
6.7%
7.52% Highest Returns
Get Details
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Best ULIP Funds - Consider the best performing ULIP funds to invest in 2024 with Policybazaar. Find the list of best ULIP funds in India on the basis of Returns, Latest Nav, Fund Size and Categories

Data source : value research

Returns as on 24-11-2024. The returns are the returns of best-performing fund in the plan

Disclaimer :
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

What are ULIP Plans?

ULIPs (Unit Linked Insurance Plans) combine life insurance with investment options. Policyholders pay premiums, a part of which goes towards life coverage, and the remainder is invested in funds such as equity or debt. ULIPs offer flexibility, market-linked returns, and the potential for wealth creation.

Edelweiss Life ULIP Plans

Edelweiss 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 detail.

  1. Edelweiss Life Wealth Secure+

    Edelweiss Life Wealth Secure+ is a flexible and affordable savings-cum-protection plan designed to help you grow your wealth, achieve your financial goals, and secure your loved ones' future. It caters to individuals seeking a long-term wealth creation strategy with the added benefit of life insurance coverage.

    Key features of this plan:

    • Minimum Premium: Start small with just Rs. 1000 per month, making it accessible for individuals with diverse income levels.

    • Long-Term Coverage: Enjoy life cover until you reach 100 years old, providing lasting protection for your family.

    • Short-Term Option: Choose a maturity term as short as 5 years if your goals require quicker access to funds.

    • Flexible Investment Strategies: You can opt for self-managed fund choices or leave it to Life Stage and Duration based strategies for automatic allocation based on your age and policy term.

    • Optional Riders: Enhance your plan with additional benefits like Rising Star (child benefit) and Payor Waiver benefit for added peace of mind.

    • Systematic Withdrawal Option: Leverage a systematic withdrawal plan to access a portion of your fund value before maturity.

    • Tax Benefits: Claim tax deductions under section 80(C) on premiums paid and section 10(10D) on maturity benefits, making it a tax-efficient investment option.

    Invest more and Get more with ULIP Plan Invest more and Get more with ULIP Plan
  2. Edelweiss Life Wealth Plus

    Edelweiss Life Wealth Plus is a Unit Linked Insurance Plan (ULIP) from Edelweiss Life Insurance Company. It is a life insurance plan that provides dual benefits of life cover and wealth creation.

    Key features of the plan:

    • Life cover: A death benefit is payable to your nominees in case of your unfortunate demise during the policy term.

    • Wealth creation: Your premiums are invested in a choice of investment funds, and you can potentially grow your wealth over the long term.

    • Flexibility: You can choose to manage your investments yourself or leave it to Edelweiss Life's investment experts.

    • Additional benefits: Edelweiss Life Wealth Plus also offers a number of additional benefits, such as rising star benefits, waiver of premium benefits, and loyalty additions.

    People also read: What is ULIP

  3. Edelweiss Life Wealth Rise+

    Edelweiss Life Wealth Rise+ is a unit-linked life insurance plan that offers you the benefits of investing in the market along with a guaranteed lump sum payout at maturity. It maintains a diversified portfolio by investing in the market, while also providing a guaranteed payout at maturity.

    Key features of this plan are:

    • Market-linked returns: Your premiums are invested in a mix of equity and debt funds, allowing you to earn market-linked returns.

    • Guaranteed lump sum: Regardless of the market performance, you'll receive a guaranteed sum assured amount at maturity.

    • Enhanced Cover option: Choose this option for a higher life cover benefit, along with additional booster additions to your maturity amount.

    • Child Benefit (optional): This add-on benefit provides financial protection for your child in case of your unfortunate demise.

    • Tax benefits: Premiums paid qualify for tax deductions under sections 80C and 10(10D) of the Income Tax Act, 1961.

    Invest in high growth ULIP Plans Invest in high growth ULIP Plans
  4. Edelweiss Life Capital Secure+

    Edelweiss Life Capital Secure+ is a unique financial product that combines the advantages of market-linked returns with the reassurance of a guaranteed return of your total invested premium at maturity. 

    Key features of this plan:

    • Market-Linked Returns with Guaranteed Capital: Invest in a diverse portfolio of market-linked funds chosen based on your risk appetite, seeking the potential for market-driven growth. Simultaneously, enjoy the peace of mind knowing that 100% of your total premiums paid will be returned to you upon policy maturity, regardless of market performance.

    • Dual Benefits: Capitalize on the potential for higher returns through market exposure while having the comfort of a guaranteed lump sum payout at the end of the policy term. This dual benefit structure provides a balanced approach to wealth accumulation.

    • Enhanced Life Cover: Opt for an increased sum assured, providing your loved ones with financial protection in case of your untimely demise. You can further customize your coverage with booster additions for additional benefits.

    • Little Star Benefit for Child's Education: Secure your child's future with the optional Little Star Benefit. This rider offers additional benefits in case of the policyholder's death during the policy term, ensuring your child's educational expenses are covered.

    • Tax Advantages: Take advantage of tax benefits available u/s 80C and 10(10d) of the Income Tax Act, helping you reduce your tax liability while saving for your financial goals.

How to Buy ULIP Plans through Policybazaar?

  • Go to the PolicyBazaar homepage and select "ULIPs" under the "Personal" tab.

  • Click on "New Quotes" to compare and choose from top insurance providers.

  • Enter your name, email address, city, country code, and mobile number. Click "Continue" to move forward.

  • You'll be directed to the Life Insurance quotes page, where you can view quotes from more than 10 insurers. Select the plan based on your preferred payment schedule – choose between One-Time Payout and Monthly Payout Plans.

  • Review and compare each life insurance quote. Click on the premium amount of your chosen plan to proceed with the purchase.

  • A pop-up will appear on the screen, providing an overview of the selected plan, including details such as premium, plan features, exclusions, additional riders, etc. Click "Proceed" to continue.

  • You will be redirected to the insurer's website. Complete the necessary details to finalise and purchase the chosen plan.

People also read: ULIP Calculator

Conclusion

Edelweiss Life ULIP plans can be a promising option for individuals seeking both growth and security. Still, thorough research and understanding of the associated fees and risks are crucial for making informed investment decisions.

FAQ's

  • How to pay premium? What are the modes of payment available?

    There are two basic modes for payment of premium for Edelweiss Life, which have further many options:
    • Online Mode
      • Debit Card payment
      • Payment through standing instructions or credit card
      • Net Banking
    • Offline Mode
      • Through ECS facility
      • IVRS
      • Money Order
      • Cash/Cheque/DD

    You can pay offline by visiting the nearest branch in your city.

  • How can I check policy status for Edelweiss Life ULIP plans?

    You can check policy status online by visiting the e-portal, and punching in the policy number and date of birth.
  • What is the policy renewal process for Edelweiss Life ULIP plans?

    The policy renewal process requires either using auto direct debit options which can be availed online by feeding your login ID and password into the e-portal

    For offline mode, you can approach any of the branch offices regarding the renewal process.

  • What is the company’s process to settle claim for Edelweiss Life ULIP plans?

    In order to settle the claim, you must submit the policy documents and claims form at any of the branch offices in your city. Upon receiving and verification of the documents, it takes about 30 days’ time to settle the claims. The claims are settled via NEFT mode.
  • What is the policy cancellation process for Edelweiss Life ULIP plans?

    In case if you are dissatisfied with the policy, a surrender form can be filled and submitted in any of the branch office along with the cancellation charges. Within a time frame of 10 days the policy will stand cancelled on record. The refund will be calculated based on NAV of the current market price.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Tax benefit is subject to changes in tax laws
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

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