Edelweiss Life Child Plan

What is Edelweiss Life Child Plan?

Edelweiss Child Plan is a financial solution plan with ULIPs (Unit Linked Insurance Plans) and Guaranteed Return Plans that can be used for child savings and investment purposes. These plans offer a combination of life insurance coverage and investment, which can help you secure your child's future financially.

Features of Edelweiss Life Child Plan

• Life Cover: Plans provide financial security for parents. If parents pass away, a sum is given to the child for their future.

• Investment Flexibility: ULIPs offer various investment funds, allowing customization based on risk tolerance and investment objectives.

• Wealth accumulation: Invest a portion of your premium in chosen funds, aiming to grow a corpus for your child's future needs like education or marriage.

• Guaranteed Returns: Certain plans ensure fixed returns on the invested sum, offering stability to the child's savings.

Benefits of Edelweiss Life Child Plan

• Maturity Benefit: When the plan matures, the saved funds are handed over to the child. This money can be used for their education, marriage, or other necessities.

• Additional Riders: Many plans include optional add-ons like accidental death benefits, critical illness cover, and a premium waiver for added protection and benefits.

• Tax Benefits: Enjoy tax benefits under sections 80C and 10(10D) of the Income Tax Act, 1961.

• Additional Benefits: Avail features like riders for enhanced coverage and bonuses for added advantages.

• Peace of Mind: Rest assured, knowing that your child's future is secure with Edelweiss Life Child Plans.

Investment

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Secure your child’s future with or without you

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₹10,000/Month

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₹1 Crore^*

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List of Edelweiss Life Child Plans

Edelweiss Life Insurance offers several Unit Linked Insurance Plans (ULIPs) and Guaranteed Return Plans that can be tailored to meet the needs of children. Let us learn their details from the table mentioned below:

Details of Edelweiss Life Child Plan

1. Edelweiss Life EduSave Plan

   Edelweiss Life EduSave Plan is a non-linked participating endowment assurance plan that is designed to help you save for your child's education and provide financial security in case of your unfortunate demise.

   Features of Edelweiss Life EduSave Plan:

   • Guaranteed Maturity Benefit: Assured lump sum payout at policy term conclusion, regardless of market performance.

   • Death Benefit: A sum assured is provided to the nominee upon the policyholder's demise during the term. The future premiums are waived; accrued bonuses are paid with maturity benefits.

   • Flexibility in Maturity Payout:

     • Lump sum payment

     • Instalments over 5, 10, or 15 years

     • Lump sum with income benefit for 5, 10, or 15 years

     • Increasing income benefits for 5, 10, or 15 years

     • Lump sum with increasing income benefit for 5, 10, or 15 years

   • Riders: You can customize the plan with optional additions like accidental death benefit, critical illness benefit, and premium waiver rider.

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2. Edelweiss Life Wealth Ultima

   Edelweiss Life Wealth Ultima is an insurance plan that combines wealth accumulation and life cover. It is designed to help you achieve your long-term financial goals, such as retirement planning or child education.

   Features of Edelweiss Life Wealth Ultima:

   • Guaranteed Bonuses: Edelweiss Life Wealth Ultima Plan guarantees bonuses added to your policy value as time progresses, enhancing your returns.

   • Loyalty Rewards: By remaining invested for a longer duration, this plan rewards you with loyalty bonuses, further boosting your returns.

   • Premium Benefits: Timely payment of premiums earns you booster additions, accelerating your wealth accumulation journey.

   • Child Support: Opt for our Little Champ Benefit rider to provide extra financial assistance for your child if you pass away during the policy period.

3. Edelweiss Life Total Protect Plus

   Edelweiss Life Total Protect Plus is an all-inclusive term insurance plan that provides comprehensive protection for you and your family under a single plan. It offers financial coverage for the spouse as well as the child.

   Features of Edelweiss Life Total Protect Plus:

   • Life Cover: Protect your loved ones with our plan's death benefit, offering coverage ranging from ₹10 lakhs to ₹2 crores.

   • Spouse Cover: Extend the protection to your spouse with our Better Half Benefit option. In the event of your demise, their coverage continues without future premiums, ensuring financial security.

   • Child Cover: Safeguard your child's future by adding a rider to the plan, ensuring they receive a sum assured in case of your unfortunate passing.

   • Riders: Enhance your coverage with optional riders such as Accidental Death Benefit, Accidental Disability Benefit, Critical Illness, and Hospital Cash Benefit, providing additional financial security in various circumstances.

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4. Edelweiss Life Wealth Plus

   Edelweiss Life Wealth Plus is a Unit Linked Insurance Plan (ULIP) that offers a combination of life cover and investment opportunities. It provides a life cover to protect your family in case of your unfortunate demise while also allowing you to grow your wealth through investments in a variety of funds.

   Features of Edelweiss Life Wealth Plus:

   • Investment Options: Select from various strategies tailored to your risk tolerance and financial objectives, including self-managed and pre-set options.

   • Annual Boost: Every year, your investment receives an extra boost, starting at 1% and gradually escalating to 3%, 5%, and 7% every five years.

   • Flexible Fund Switching: Easily switch between funds as needed to adapt to market changes and refine your investment portfolio.

   • Rising Star Benefit (optional): This rider offers an additional lump sum benefit for your child and waives future premiums if you pass away during the policy term.

   • Optional Riders: Enhance coverage with add-ons like accidental death benefit, critical illness rider, and premium waiver rider.

5. Edelweiss Life Wealth Secure Plus

   Edelweiss Life Wealth Secure Plus is a Unit Linked Insurance Plan (ULIP) that offers a combination of investment and insurance benefits. It is a non-participating, individual plan that is designed to meet your long-term financial goals.

   Features of Edelweiss Life Wealth Secure Plus:

   • Investment: You can invest in a variety of funds to grow your wealth. The plan offers a choice of two investment strategies:

     • Auto allocation: The insurance company allocates your premiums across different fund options based on your chosen risk profile.

     • Self-direction: You can choose to invest in any of the available fund options based on your investment goals and risk appetite.

   • Guaranteed maturity benefit: You are guaranteed to receive at least 100% of your sum assured on maturity, irrespective of the performance of the fund. This provides you with financial security at the end of the policy term.

   • Riders: You can opt for additional riders to enhance your coverage, such as accidental death benefit rider, critical illness rider, and waiver of premium rider.

Summing It Up

The Edelweiss Life Child Plan offers comprehensive financial protection and growth opportunities for securing your child's future. With its customizable features and benefits tailored to meet the evolving needs of children, it serves as a reliable investment plan for parents seeking to ensure a bright and secure future for their loved ones.