Edelweiss Tokio Life
launches Wealth Secure+, a 4G ULIP for all customer needs
Offers 5 pay-5 stay
option for short-term goals, option to covers up to 100 years in the long-term
Keeping with its commitment to innovate,
Edelweiss Tokio Life Insurance has unveiled another comprehensive unit linked
insurance plan (Ulip) called Wealth Secure+, which offers flexibility, no
premium allocation charges, and means to meet both short-term, and long-term
financial goals.
Co-created with PolicyBazaar, Wealth Secure+
leverages customer customization to cater to diverse and dynamic customer
needs. Its unique proposition is the 5 pay-5 stay option, allowing a customer
to stay invested for 5 years only and then opt out. The product also offers a
whole-life option, providing a life cover for up to 100 years.
Anup Seth, Chief Retail Officer, Edelweiss
Tokio Life Insurance said,
“Life goals change as we grow and achieve certain milestones. Traditionally,
customers have had to buy another insurance plan that better complements their
growing needs, instead of having one product that can meet all needs. Our
endeavour has always been to create products that stays relevant and serves
customer needs, today or in the future. With Wealth Secure+, we aim to help our
customers save and reach their goals by adapting to life-changing events in
their lives.”
Wealth Secure+ offers protection throughout
customer’s lifetime. A customer can upgrade their plan as and when they cross
certain life events like marriage or childbirth.
Santosh Agarwal, Chief Business Officer, Life
Insurance, Policybazaar.com said, “Wealth Secure+ is an innovative investment product,
suitable for today’s digital customer that expects customisation, agility, and
cost effectiveness. Built to meet customers’ evolving needs, this product will
enable a financial savvy customer address his varied goals through a single
tool.”
Whether it is taking care of immediate goals,
creating wealth for the future, planning your retirement, or securing your
family, Edelweiss Tokio Life’s Wealth Secure+ provides a bouquet of options to
meet the changing financial goals at various life stages.
Wealth Secure+ - Key Highlights:
·
Low Premium: The plan
can be availed at just ₹1000 per month
·
Whole Life Option: It
also provides an option to stay protected for 99 years
·
Systematic Withdrawal
Plan: This option facilitates the automated partial withdrawal
·
Flexibility: As per
your changing life events, this product covers you, your spouse, and provides financial
protection to your child in case of an unfortunate event
·
No premium allocation
charges
·
Tax Benefits: Helps
you to reduce your current tax liability under Sec 80C and also enjoy tax-free
returns
About Edelweiss Tokio Life Insurance
Edelweiss Tokio Life Insurance Company Limited
is a joint venture between Edelweiss Financial Services Limited, one of India’s
leading and diversified financial services companies and Tokio Marine Holdings
Inc, one of the oldest (over 138 years) and largest insurance companies in
Japan. Edelweiss Tokio Life Insurance launched its pan-India operations in July
2011, offering proprietary need-based solutions to help customers meet their
life stage financial goals. This lineage brings together a deep understanding
of customer needs and international expertise. The company is headquartered in
Mumbai serving over 2.02 lakh customers through 43,681 personal finance
advisors as on March 31, 2019 across 121 branches in 93 major cities.
Awards:
Edelweiss Tokio Life Insurance has been
consistently recognized for its Product Innovation capabilities at several forums,
namely Golden Peacock Awards 2018, Golden Globe Tigers Awards 2018, ET NOW -
BFSI Awards 2018, Times National Award for Marketing Excellence 2018, India
Insurance Summit 2019 and Skoch Awards 2019.
About Policybazaar.com
PolicyBazaar.com is India's largest insurance marketplace. It
has backing from a host of investors including the likes of Soft Bank,
InfoEdge (Naukri.com), Temasek, Tiger Global Management, True North, Premji
Invest, besides investments from other PE funds and family offices. The
portal started with a purpose to educate people on insurance products and has
had a significant influence on how insurance is bought in India. It has helped
in driving penetration of pure life insurance, health insurance, and such
products which were barely bought earlier.
From
receiving traffic of 180,000 visitors in 2008, PolicyBazaar.com has come a
long way and today hosts over 150 million visitors yearly and records sale
of nearly 10,00,000 transactions a month. Currently, PolicyBazaar.com accounts
for nearly 25% of India’s life cover, and over 7% of India’s retail health
business. It accounts for roughly half of all internet based insurance
purchase in the country and is more than doubling annually.
We have received several
accolades in India and globally. The most noteworthy being recognized as
India’s top and world’s leading “Fin Tech Innovator” by the Global
consultancy firm, KPMG and venture capital fund, H2 Ventures thrice since
2015, and winning
The Digital Insurer 'Global Livefest' Award for insurance innovation at the global level in 2018. We have won a range
of awards in the last couple of years, many of them consecutively. These
include The Financial Express “Best Fintech Marketplace”, Internet &
Mobile Association of India (IAMAI) Digital India Award for “Best Financial Website” & “Most Innovating
Insurance Service”, IDC Iconic Award for “Tech Implementation leading to
Operational Excellence”, to name a few.
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