Wealth Premier

Edelweiss Life Wealth Premier is a wealth accumulation plan with a single pay option.  This comes with a life cover to protect you and your family from all future uncertainties and fulfill all your aspirations. The plan also offers loyalty additions and choice of investment into 8 different funds. 

You may want a second home which can be enjoyed in grand manner or it could be an international education course for your child. Your goal could also be to retire early and enjoy a life of leisure and travel. For all your big life goals, you have Edelweiss Life Wealth Premier.

Yes, this plan covers death due to COVID-19.

The Maturity Benefit will be the Fund Value calculated at the prevailing NAV on the maturity date and will be payable as lump sum.

A single pay plan lets you pay your premium in one go so that you can sit back and relax while your plan does the wealth accumulation for you. 

There are 8 funds available to invest, with this plan. They are as follows: Equity Large Cap Fund, Equity Top 250 Fund, Equity Mid-Cap Fund, Managed Fund, Bond Fund, Equity Blue Chip Fund, Long Term Bond Fund, and Gilt Fund.

In case of Single Life cover, where life insured is a major, the policyholder and the life insured will be the same person.

In case of Joint Life cover, one of the lives insured will become the primary life insured and other will be the secondary life insured as decided at the inception of the policy. 

Loyalty Additions will be added to the Fund Value on the last day of the 6th, 8th and 10th Policy Year and will be added to the respective unit linked fund in the same proportion as the total Fund Value held in the unit linked funds at the time of additions. The Loyalty Additions once added will form part of the fund value and will be paid on death, maturity or surrender, whichever is earlier.

Yes, you can make partial withdrawals starting from the 6^th policy year. Maximum partial withdrawal allowed is Fund value which is in excess of 105% of total premiums paid till the time of partial withdrawal can be withdrawn.

The plan charges are as follows:

Premium Allocation Charges: NIL

Top-Up Allocation Charge: NIL

Policy Administration Charges: NIL

Fund Management Charges (FMC): FMC are levied as a percentage of the asset value of the relevant Fund and will be reflected in the NAV of the respective Fund. 

The minimum premium amount is ₹10 lakhs and there is no limit to the maximum premium amount, subject to Board Approved Underwriting Policy. 

The minimum entry age for single life option is 8 years and the maximum entry age is 65 years. The minimum entry age for joint life option is 18 years and the maximum entry age is 65 years.

The minimum maturity age for single life option is 18 years and the maximum maturity age is 75 years. The minimum maturity age for joint life option is 28 years and the maximum entry age is 75 years. 

The policy term is 10 years. 

You need to pay your premium just once. 

The minimum sum assured for single life option is 1.25 X single premium and the maximum sum assured is 10 X single premium. The minimum and maximum sum assured for joint life option is 10 X single premium. 

Yes, You have a freelook period of 30 days from the date of the receipt of the policy document for the policy issued after 1st April, 2024 and processing TAT for same is 7 days.

Single Life: In case of death due to suicide within 12 months from the policy commencement date, the nominee or the beneficiary of the policyholder shall be entitled to the fund value, as available on the date of intimation of death.

Joint Life: In case of death of either or both of the lives insured due to suicide, within 12 months from the policy commencement date, the surviving life insured or the nominee or the beneficiary of the policyholder shall be entitled to the fund value, as available on the date of intimation of death.

As this is a single pay plan, there is no grace period.