Friday, December 1, 2017

Make way for the #Unyakeenable!

So today I am writing about investments and insurance. Let me be honest; this is not my forte. I may be a computer whiz or social media geek who can do a lot with the keyboard and mouse buttons; but when it comes to saving, investing, securing the future – I really need help and guidance.

Now that I am a little stable job-wise, it’s been four years almost since I changed my vocation and had a kid – making me a responsible adult; it’s time to start getting serious about the investments. Plus they help plan tax-saving as well. Trust me, I have made huge income tax payments because I did not plan properly, no guidance and didn’t take it seriously.

We usually want two basic things – a life insurance and an investment – maybe mutual funds or property. I don’t earn as much yet to invest in property, and I think it’s important to have some insurance. The best option then, I read recently are ULIPs - A Unit Linked Insurance Plan (ULIP) is a product offered by insurance companies that, unlike a pure insurance policy, gives investors both insurance and investment under a single integrated plan.

As a layman, when we see the various policies on websites like Policy Bazaar, the first thought that comes to the mind is – What’s the catch here? What if someone told you that there is a ULIP that doesn’t take any allotment charges and on top of that, contributes to your investment? Sounds #Unyakeenable right?


Edelweiss Tokio Life Wealth Plus is a new product launched by the company that has some unbelievable features like no upfront charges, thus adding to your investment and more! Here are more details or you can look them up on their website

·             No Upfront Charges
·             100% of your premium will be allocated
·             No Policy Admin Charges


In addition to allocating 100% of the your premiums paid during the premium paying term, Edelweiss will provide additional allocation every year as follows –

a. Extra Allocation – 
added in the first 5 policy years along with your premiums paid.

b. Premium Booster – 
added from the 6th policy year at the end of each policy year

So, in total, below additions during policy term -

·             1 to 5 (1%)
·             6 to 10 (3%)
·             11 to 15 (5%)
·             16 to 20 (7%)


·             All their ULIP (individual) funds are top rated 4 STAR by Morning Star

Rising Start Benefit

·             A lump sum amount will be paid immediately; plus
·             An amount equal to the sum of all the future Modal Premiums (if any) shall be
·             credited to the Fund Value; plus the future Extra Allocation and Premium Booster as and when due would be added to the Fund Value in a manner similar to a premium paying policy where the future premiums are paid on the respective due dates

Investment Strategies

·             Life Stage & Duration based strategy
·             Self-Managed strategy


·             Change in Premium Paying Term (PPT)
·             Unlimited free switches between funds
·             Unlimited Opt-in and Opt-out option between Investment Strategies
·             Unlimited Premium Redirection
·             Partial Withdrawals
·             Top-up premiums


What are you waiting for? Enrol now, I definitely am going to!

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