Rohan has just started earning. He wants to have a healthy financial strategy keeping in mind his present and future needs. He has enough savings for either having an insurance cover or an investment in stocks and funds. But realizes that the benefits by insurance cover can be borne only after a long time and he has no knowledge in investing. So how should he go about his savings to get the most of it?
The answer to his problem is ULIP- Unit linked insurance plans. ULIP offers a combination of both insurance and investment. Part of the premium goes to secure life insurance and the rest is invested. ULIPS offer flexibility to choose between debt and equity based on your risk appetite and knowledge of the markets performance. Along with tax benefits, ULIPs also help in inculcating a regular saving habit and provide an option to partially withdraw your money in case of emergency from the 6th policy year.
Imagine getting all this and up-to 7% additional allocation every year. Too good to be true? Not with Edelweiss Tokio Life – Wealth Plus.
Why Choose Edelweiss Tokio Life – Wealth Plus?
For an investment of Rs. 1, 00,000 every year, you will get an additional:
1) Rs. 1,000 (1%) for the first 5 years
2) Rs. 3000 (3%) from the 6th year onwards
3) Rs. 5000 (5%) for the next 5 years
4) Rs. 7000 (7%) for the last 5 years
Now who does not like a little extra!
Take care of your child’s future financial needs even in your absence. All future premiums waived off and immediately credited to fund value along with the applicable additional allocations. The child enjoys the benefits of the policy and receives them on maturity.
In case of the sudden demise of the policy holder, higher of the either fund value or sum assured less partial withdrawals or 105% of total premiums paid to nominee.
The dual advantage of ULIP makes it an ideal option for young and new investors. It is safe and at the same time rewarding. The additional allocation benefit of Edelweiss Tokio Life – Wealth Plus makes it stand out amongst its peers.
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