Launch Of A New Traditional Plan by Edelweiss Life Insurance

A new non-linked and non-participating life insurance has been launched by Edelweiss Life Insurance which provides a combination of protection and savings.

Returns as high
as 7.1%^##

Includes life cover

Completely Tax free^{^}

We are rated^~

7.7 Crore

Registered Consumer

Insurance Partners

4.2 Crore

Policies Sold

In-built life cover

Get Guaranteed returns upto 7.1%* With Life Cover

Your Name

+91

Mobile Number

View Plans

Your personal information is secure with us

By clicking on ''View Plans'' you, agreed to our Privacy Policy and Terms of use Tax benefit is subject to changes in tax laws

Get Updates on WhatsApp

We are rated^~

7.7 Crore

Registered Consumer

Insurance Partners

4.2 Crore

Policies Sold

Disclaimer: *The Guaranteed Returns are dependent on the policy term and premium term availed along with the other variable factors. 7.1% rate of return is for an 18 years old, healthy male for a policy term of 20 years and premium term of 10 years with Rs.10,000 monthly installment premium. All plans listed here are of insurance companies’ funds.

The name of the plan is Edelweiss Life- Wealth Builder and it guarantees all the benefits at the beginning of the policy.

Minimum entry age: 91 days
Maximum maturity age: 70 years
Policy Term: 10 to 30 years
Mode of payment: monthly, semi annually or annually
Premium Paying Term: 5, 7, 10 or 12 years

Along with Tax benefits under section 80 C and 10(10D), this plan also provides a “Guaranteed Loyalty Additions (GLA)” which depends upon policy term, premium, premium paying term, gender of the life assured and entry age. A press release issued by the company states that the accrued GLA is payable on death or on maturity.

The cumulative annualised premium is the sum assured on maturity. In case the policyholder dies then the death sum assured ranges from 10 to 13 times of the annualised premiums. The death benefit is at least equal to 115% of the annualised premiums that are paid until the date of death.

This plan also has other features like loan facility, 15-day free look period and options for riders like total & permanent disability cover, accidental death benefit, critical illness and likewise.

†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

* Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy male of 18 years old paying Rs. 30,000/- monthly (exclusive of all applicable taxes)

** Fixed deposit rate applicable for 5 year's 1 day to 10 years for investment amount less< 2 Crore ( Not for senior citizens).

*** PPF interest rate applicable for 15 years for investment amount upto 1.5 Lac

+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023

#Discount offered by insurance company

## The Guaranteed Returns are dependent on the policy term and premium term availed along with the other variable factors. 7.1% rate of return is for an 18 years old, healthy male for a policy term of 20 years and premium term of 10 years with Rs.10,000 monthly installment premium. All plans listed here are of insurance companies’ funds.

~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

Calculators

Show More Calculator

Investment plans articles

Popular Articles

ICICI Compound Interest Calculator

20 Nov 2024

The ICICI Compound Interest Calculator is a valuable financial

Types of Investment

14 Nov 2024

Investing is a powerful tool for building wealth, securing

Different Types Of Bonds

11 Nov 2024

Bonds are a type of investment where the investor can invest

Annual Percentage Rate (APR)

11 Nov 2024

Annual Percentage Rate (APR) means the interest rate you will

Investment Horizon

11 Nov 2024

An investment horizon is the time you plan to hold an investment

Best NRE Savings Accounts for NRIs in 2024

28 Jan 2022
78388

India is a growing economy and is getting a lot of global recognition these days. It has shown immense growth in

30 Best Investment Options in India in 2024

04 Apr 2014
1866359

Are you looking for the best investment option for you? From traditional investments like Fixed Deposits (FDs)

Short Term Investments Options

10 Feb 2014
525961

Short-term investments are financial assets that can be easily converted to cash within a short period, ranging

Post Office Senior Citizen Savings Scheme (SCSS) 2024

13 Feb 2020
102100

The Post Office Senior Citizen Savings Scheme (SCSS) is a government-backed scheme designed specifically for

Best Saving Plans in India 2024

30 Jan 2019
154161

Saving money is an important step towards achieving financial independence and security. Whether you're looking

You May Also Know About : Child Plan Pension Plan SIP Plan ULIP Plan NRI Investment in India Best SIP Plans NPS Scheme Best Investment Options Tax Saving Investments SBI Life Pension Plans Employee Pension Scheme 5 Years SIP SWP Plan Interest Rate on SIP Best NRE Account in India NRI Retirement Plans SIP for NRI ULIP Calculator SIP calculator SSY Calculator NPS Calculator Compound Interest Calculator FD Calculator