Wealth Secure Plus : An ULIP for all Life Stages

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Edelweiss Tokio Life’s Wealth Secure+ combines the benefits of an insurance plan with the ability to generate returns from investment options. The wide investment options available under the plan make it an ideal choice for everyone, regardless of the life stage, they are in. Take, for example:

Srinivas (23, Male, Single)

Srinivas is a 23-year-old man who has just started earning full-time. He is single and has no dependents at the moment. Once his father retires, the parents may depend on him, but that is at least 15 years away. His father had taken out an education loan to pay for Srinivas’s education. Srinivas is a co-signee on the same. Further, he also wants to buy a house a few years down the line. While he will be taking on a home loan for the same, he will also have to arrange for the down payment and understands he will have to save for the same.

Srinivas should consider investing in Wealth Secure+. The plan will enforce a discipline of saving a fixed amount every month. Remember that to build a corpus for a down payment on the house, he does not need a huge windfall but make small, regular investments. With Wealth Secure+, Srinivas can start with as low as ₹1,000 a month and increase the investment as his income rises. As an additional benefit, the insurance will ensure that his family is not burdened with the repayment of the loan in case of any unfortunate eventualities.

Shweta (31, Female, Single Parent)

Shweta is a 31-year-old widow who works in a large MNC. She has a 4-year-old son. Her parents are retired and earn a decent pension sufficient for their expenses. While they are not dependent on her, they may need her to help out financially in case of any emergency. She wants to give her son the best possible education and wishes that one day he would earn an MBA from a leading institute in India. She needs to build substantial savings to meet the future expenses on her son’s education.

Wealth Secure+ is an ideal choice for Shweta. As she has a long-term horizon, she can choose Life Stage & Duration based strategy for managing her investments. This ensures that as her goal gets closer, the risk exposure of her investments goes down. Further, she should opt for life cover and child cover option of the Wealth Secure+ plan. This will safeguard the child’s future and he would be able to pursue his dreams in all eventualities.

Prakash (36, Male, Married, sole breadwinner)

Prakash, a 36-year-old business owner with two kids, is the sole breadwinner for his family. Both his kids and wife are dependent on him for their finances. He wishes to leave behind a legacy for his children and wants to be sure that they get a good education.

Prakash should opt for a whole life insurance plan. This ensures that he would be earning returns until he reaches the age of 100 years. Plus, the insurance would take care of the financial requirements of his family, in case of his untimely demise.

Ram (40, Male, Married) and Ramyaa (34, Female, Married)

Ram is a 40-year-old marketing professional. He is married to Ramyaa who is an HR professional at a leading legal firm. Their 15-year-old daughter is getting ready for entrance exams for a B.Tech program. Ram and Ramyaa want to make sure that their daughter faces no hiccups with upcoming milestones: from getting admission into a good college for graduation to pursuing further studies abroad.

Ram and Ramyaa should get joint life insurance under Wealth Secure+. This is a great option for them as both of them earn a living and run the home finances together. Further, with the 5 Pay, 5 Stay option of the plan they can build a corpus for the nearest milestone. This option allows them to reap the returns of their investment at the end of a 5-year period.

Edelweiss Tokio Life has designed Wealth Secure+ to meet not just your insurance requirements, but also all your investment requirements. You would find options that allow you to tailor the plan to your specific requirements offering both security and healthy returns.

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