Edelweiss Tokio Introduces Wealthy Secure Insurance Plan Exclusively for Millennials

Edelweiss Tokio Life Insurance, an insurance company launches life insurance plan- Wealthy Secure+. Nowadays, millennials make a major working lot. But, most of the millennials are either under-insured or not insured. This scenario spotlights that people lack the awareness about life insurance and its benefits.

 The young dynamic nature of the millennials, stop them from making a long-term savings goal and restricts them with the short-term ones. To address this growing trend, Wealth Secure+ is making its way. This insurance plan comes with 5 years to 100 years policy term, which means one can avail their returns at any time after completing the upper limit- 5 years.

In terms of savings, to savings + life cover plans or Ulips, Edelweiss Tokio Life's Wealth Secure+ is a clear winner. This insurance plan offers four plan options namely- Base, Life Partner, Child (Individual Life) and Child (Joint Life), and allows the insured to switch between these plans at any point of time during the policy term.

Wealth Secure+ gives varied life-stage options to the insured such as single, married or parent. Also, it's limited pay facility enables one to pay premiums right in their working life. Thus, the insurance plan offers a Systematic Withdrawal Plan Benefit. This benefit would permit the investors to withdraw a fixed or varied amount from the ULIP scheme monthly, quarterly, semi-annually or annually. Also, it maximizes the deduction available under Section 80C and Section 10 (10(D)) of the Income Tax Act for the premiums paid and the returns obtained.

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