Edelweiss Tokio Life Wealth Accumulation Privilege

Recommendations :No

Name of the policy :
Edelweiss Tokio Life Wealth Accumulation Privilege

A brief desciption :

Edelweiss Tokio Life Wealth Accumulation Privilege is a ULIP Policy providing fund value at maturity and higher of fund value or Sum Assured in case of unfortunate demise of the life insured. However loads of charges and almost neglible insurance makes this product worthless.

Started date :
28/6/2011

Type of policy :
Insurance cum Investment

Category :
ULIP

Insurance :
Min- For age < 45 years, AP x (Higher of 10 or 0.5 x PT), For age >=45 years, AP x (Higher of 7 or 0.25 x PT) Max- For age < 45 years, AP X 25, For age >=45 years, AP X 20

Returns expected :
8%-10% (The performance would be less than a performing equity diversified mutual fund)

Entry age :
5-65 Years

Surrender :
The Fund Value is provided as Surrender Benefit after 5 years.

Minimum amount :
Min- 2,50,000 Max- No limit

Mortality Charges :
Monthly Mortality Rate= Sum at risk * Annual Mortality Rate/12

surrender changes :
No Surrender Charge is levied


Premium Allocation Charge Year 1 :Below 10 lakhs- 2% Rs 10 lakh and above 1%
Premium Allocation Charge Year 2 :Below 10 lakhs- 2% Rs 10 lakh and above 1%
Premium Allocation Charge Year 3 :Below 10 lakhs- 2% Rs 10 lakh and above 1%
Premium Allocation Charge Year 4 :Below 10 lakhs- 2% Rs 10 lakh and above 1%
Premium Allocation Charge Year 5 :Below 10 lakhs- 2% Rs 10 lakh and above 1%
Premium Allocation Charge Year 6 :Below 10 lakhs- 2% Rs 10 lakh and above 1%
Premium Allocation Charge Year 7 :Below 10 lakhs- 2% Rs 10 lakh and above 1%
Premium Allocation Charge Year 8 :Nil
Fund Management Charge :Equity Large Cap Fund- 1.35%, Equity Top 250- 1.35%, Bond Fund- 1.25%, Money Market Fund- 0.75%, Managed Fund- 1.35%

Fintotal Product Analysis is the ideal place to seek unbaised and neutral view on all financial products.

Do not get fooled by agents and distributors, just check here before you make any purchases.


Explore more in a easy manner.


Table of Contents

Table of Contents