Individuals are often confused when it comes to making an
investment or choosing an insurance plan for themselves or their loved ones. Unit Linked Insurance Plans (ULIP) is designed
to provide individuals with a combination of Insurance and Investment in a
single plan. Thus,
individuals have the satisfaction of having an investment as well as insurance
cover but the Maturity returns are not that great as the investment is mainly
in low yield bonds and debt funds. Thus, Unit Linked Insurance Plan (ULIP) was
introduced which in a way is hybrid of Insurance Cover and Mutual Fund
Investment. ULIP not only provides you with an insurance cover but also ensures
that you get the best of return on the investment. The premium paid towards the
policy is diversified into Equity and Debt Markets which ensures that your
wealth maximizes over a period of time.
I have discussed the Features and Benefits of ULIP Schemes in
my previous post and
would recommend you to go through the same in the link provided
below before reading this post:-
various Unit Linked Insurance Schemes and if you look at them in detail you
will find that core of the scheme is almost identical with minute tweaks. Thus
in this post I will discuss about the ULIP scheme offered by Edelweiss Tokio Life-Wealth Accumulation and also highlight the reasons for
which you just might want to consider it. The Wealth Accumulation plan is
available online through Edelweiss Tokio Life portal.
All funds have been rated 5 star by Morningstar which lends credibility to the plan.
- Wide range of Funds is available for Investment which not
only ensures that you get the best return but also ensures that your investment
is protected as the risk is mitigated.
- Equity Top 250, Equity Large Cap and Price Earning based
Funds are few notable Investment Fund options which every individual should
include in his/her portfolio. Investment in these funds will ensure that you
accumulate handsome amount of wealth over a period of time.
- Guaranteed Additions up and above the Fund performance makes
it even more viable scheme for the Individuals.
- It also offers the option to switch funds while the policy is
in force which provides you with the opportunity to maximize your wealth and
also protect it from any downturns.
- Partial Withdrawal of Fund is also available on and after
completion of 5 years which will take care of any urgent financial requirement.
- Option to Top Up Investment and pay limited number of premium
but enjoy extended life cover is also available.
additions will be paid to the Insured.
Tokio Life Wealth Accumulation Funds have outperformed the market over the
years. The yield in all of their 6 funds is higher than the Industry benchmark
making it a very viable Insurance cum Investment option.
is observed that Funds with minimum amount of risk also fetch you a decent
return, while exposure to Equities ensures that you get a handsome return on
my opinion, if an Individual is opting for long term plan then Balanced Investment
in Equities will always help in maximizing the Wealth Accumulation.
option to invest in liquid & safe instruments.
and fixed investment option through investment in debt instruments.
to a balance between risk and safety.
Equity 60-100% Debt
between Equity & Debt/Money Market Instruments.
Equity 0-100% Debt
equity exposure to investors with an aim of higher returns
Equity 0-40% Debt
equity exposure to investors with higher returns.
Equity 0-40% Debt
offers you flexible Investment cum Insurance cover. The Funds available for
Investment under the Plan actually differentiates it with other ULIP plans. It
is a Five Star rated fund which makes it even more credit worthy.
looking to Save Tax and with a good Insurance cover which will also maximize