Edelweiss Life - Wealth Ultima is a unit-linked life insurance plan designed for your future, to help you live an unburdened life. It is meant to help you build your wealth by having an option to pay systematically through monthly or other modes, growing your funds through different investment types and giving you the option to make regular withdrawals. We have created this to be a systematic, well-thought-out plan that enables you to create long term wealth and protect yourself against the uncertainties of life

Edelweiss Life - Wealth Ultima will help you fulfil your financial goals of life, like securing your child's future financial needs or enjoying a stress-free retirement. It can ensure a continuity of planned benefits for your child even in your absence.

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

Systematic Transfer Plan or STP is a type of investment offered under this plan. It comprises of the Life Stage and Duration investment type and the Profit Targeted Based investment type. The first type shifts your funds according to key life stages and the latter type shifts the percentage of your profit to a bond fund when the fund value reaches your desired profit target.

Systematic Withdrawal Plan acts as a source of second income, especially post retirement. With this, you receive a pre-decided percentage of your fund value at regular intervals. You can make these withdrawals on a monthly, quarterly, half yearly and annual basis

Little Champ Benefit is a optional benefit offered with this plan. On the event of death of the Policyholder, the policy shall continue, and the child will receive the policy benefits as per the original plan.

For the Life Cover Variant, you can pay your premiums in 3 ways - Single Pay, Limited Pay and Regular Pay. With the Single Pay option, you make your entire premium payment at once. You can cover your premium payment process within 5, 10, 15, 20 or 25 years through the Limited Pay option and space it out on a monthly, quarterly, half yearly or annual basis via the Regular Pay. 

If you opt for the Life and Basic Health Cover & Life and Comprehensive Cover Variant you can choose to pay regular installments via the Regular Pay option.

You have the option to pay your premium in one go via the Single Pay option. If that doesn’t suit your needs, you can opt for the Annual premium payment option. 

The minimum premium amount for this plan is Rs. 3,000 per year.

The minimum maturity age is 18 years and the maximum maturity age is 100 years.

This policy can last from 10 years to ‘till age 100’.

This plan has 2 options. Option 1 is the type of policies wherein you will be 70 years or less by the time this policy matures. Option 2 is the type of policies wherein you will be 100 years when this policy matures.

Additions are the little boosts of money we add to your fund value. These include Guaranteed Additions, Loyalty Additions and Booster Additions. These help in increasing your returns.

You have an option to change (increase or decrease) the premium paying term as long as the following conditions are met:

a. The payment term you want is allowed under the plan;

b. All other conditions in the plan are being met;

c. Provided all the due premiums till the date of your request have been paid.

The Policyholder benefits by staying for a longer time in the plan, as the Reduction in Yield (RIY) percentage reduces with a higher policy term.

You can choose to surrender the policy at any time during the policy term. Charges will be applicable. Please refer to the brochure for more details.

Premium Allocation Charges and Policy Administration Charges are applicable, which become nil after the 6^th policy year.

In case of death due to suicide within 12 months from the Policy Commencement Date or from the date of Revival, the nominee or beneficiary shall be entitled to the Fund Value.

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.

Grace Period of 30 days is available for annual, semi-annual and quarterly premium payment modes and 15 days for monthly premium payment mode