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Wealth Plus – A Futuristic ULIP Plan

Wealth Plus – A Futuristic ULIP Plan

Dear Readers,

The world is a competitive place to live in. Our life is not sustained by survival of the fittest, but our capacity to fight the competition and come out as a winner. Everyone wants to succeed and progress, but when we actually step in, we are only struggling to survive. Only a few make it as they are more focussed and innovative.
This applies to all, not only us, but for everyone. You have to be focused, but also take risks. You have to think out of the box to make it larger. There will be many hurdles, obstacles in your path, but you have to walk. When I say focussed it means to work on your goals – as an individual, your career, happy family, financial security, and as a company your budgets, meeting targets, financial position, expansion, profits. Also, when you are working towards your goal, you need to make certain investments, so that you and your family are secured.
Innovation will give you the boost to go further more. You cannot just do one thing all the time for it will bore you, and in a tough competition you will not sustain. Innovation will give an edge over others.

When I talk about innovation, there is one company who has changed the ULIP sector.
Edelweiss Tokio Life Insurance launched ‘Wealth Plus’ Plan, a first of its kind Unit-Linked insurance plan, on 4th November. An industry-first, it offers extra allocations contributed by the insurer to the customer’s plan.

Edelweiss Tokio Life – Wealth Plus

It is a futuristic plan which caters to the new generation tech-savvy people who are on the go, and who demand differentiated, competitive and innovative product.
Edelweiss Tokio Life analyzed the need of today’s generation protection and growth, and thus co-evolved Wealth Plus along with PolicyBazaar (India’s largest insurance market place).
How is it different?
Edelweiss Tokio Life has not only done away with premium allocation and policy administration charges but furthermore contributes additional units on every premium paid by us thereby increasing our fund value. Additional allocation starts at 1% for the first five years and then increases every five years to 3%, 5%, and 7% thereby increasing our wealth.
• Under this plan, fund value is distributed between the below 2 funds:
1) Equity Large Cap Fund
2) Bond Fund
• This strategy provides the flexibility to:
1) Switch the invested amount amongst the available funds using the switching option.
2) Redirect the future premiums to the newly chosen fund using the redirection option.
This product gives you tax benefits which results in extra savings.
If there is a default in the payment of premium, there will be no penalties or charges levied against the beneficiary. And the accumulated amount can be redeemed after a period of five years.

Additional Option:
Rising Star Benefit- For a parent like me, securing my children’s future is always on my mind when considering any investment plan. In Rising Star Benefit, the lump sum amount will be immediately paid to the family in the event of demise of the policy holder. All future premiums (if any) will immediately get invested into the fund allowing the corpus to grow faster thereby ensuring my child’s future is protected.

How is it Innovative?
Edelweiss Tokio Life takes care of one’s financial goals at various life stages, be it taking care of family’s future wealth, saving for retirement, family protection, or any other important milestone. It is the winner of the “Best Product Innovation” title by Fintelekt Insurance Awards 2017 and National Award for excellence in Insurance 2017.
There are loads of options available in the sea full of ULIPS. One gets confused which policy to choose from and thus turn to financial advisor for recommendations. People are way too apprehensive about the family’s future, thus start to make savings in every possible way so that the future is secure. Hence, when I came across this plan, I was rested assured about my investment and future.

For more information, please visit Edelweiss Tokio.

Note: Please read the offer document before investing.



Smart Planning Towards Tarrakki

Hello Friends,

Like any other common man, I work for a better lifestyle, better education of my kids and a secured future. I dream big and strive to get near my goals, but somehow lay stranded with mere satisfaction. What I realized is when you try to play safe, you are just barely getting the minimum of your expectation. I invest in fixed deposit, Tax saving investment and government securities, but something was missing. When I wanted to invest in Mutual funds/SIP’s my inner guts said “NO” as I saw market crashing, fluctuations in the money market. Whom can we trust and how? Maybe someone who can guide me likes a trustworthy person.

I am cautious investor, and when it comes to investing I was very tentative going for investments in securities, g-Sec, and bonds. I mean, who doesn’t want your investment to grow quickly, but that was not the case with my investments. The growth was there, but very slowly and in today’s fast world mind you, money is needed in all walks of life. Hence, I started exploring for investment solutions.

And then I came across the ICICI Prudential Balanced Advantage Fund. It is a SIP where I discovered what my money can do if taken care by the hands of experts. They explained it to me very neatly and in simple terms that where my money will go, who are the people handling my money etc. It is very simple and easy to invest in and withdraw the investments which I thought was not necessary as the balanced advantage fund looked very promising. It not only provides me with higher returns for my investments, but also gives me tax benefits and on top of it gives me medical cover, what more can you ask for from your investment. Looking at the expertise they had to handle my money I was satisfied that my money was in safe hands.

We tend to get busy in our daily routine work life as well as personal life. There are so many things we tend to miss because of a busy work schedule. But after knowing that there is someone there to multiply our hard earned money with minimal risk I was contending. I think that those people who find it hard to invest in equity markets and balancing their portfolios this may be a better option for them.

ICICI Prudential Balanced Advantage Fund:

ICICI Prudential Balanced Advantage Fund is an Open ended Equity Fund. It aims to make investing easy and less stressful, by allocating your investments between equity and debt instruments as per changing market conditions

Benefits

·         Offers the benefits of investing in both Equity and Debt instruments

·         Targets to provide month-on-month tax free dividends

·         Allows you to participate in equity markets in a controlled risk

·         Distribution of dividend is subject to approval of trustees and availability of distributable surplus

Who Should Invest?

Investors with an investment horizon of more than 3 years, seeking to create wealth over the long term.

One easy funda to remember while investing is that “Fall less than the Market, Rise more than the Market “but it is easier said than done. Proper evaluation is required to get all the juice out of the stock. Focus of mutual fund is taking lesser risk and thereby giving extra bucks to cash in making investor satisfied.

ADVANTAGES OF ICICI Prudential Balanced Advantage Fund:

 

Period ICICI Prudential Balanced Advantage Fund S&P BSE Sensex %
1st April 15 to 31st March-16 0.7 -10.3 Limits Downside
1st April 14 to 31st March 15 26.6 24.9 Wealth Creation
1st April 13 to 31st March 14 20.3 18.7 Wealth Creation
1st April 12 to 31st March 13 13.2 8.3 Wealth Creation
1st April 11 to 31st March 12 5.7 -10.5 Limits Downside

 

 

 

Since 1st March 2013-total no of Observations 878

Criteria ICICI Prudential Balanced Advantage Fund S&P BSE Sensex
Minimum returns 6.3% -1.5%
Maximum returns 24.2% 21.9%
Average returns 15.5% 10.3%
Standard Deviation 4.5% 6.2%
Negative observation 0           0% 24          31%
0% to 6% 0        observations 245        observations
6% to 10% 132 121
10% to 15% 242         85% 232         56%
Above 15% 504       observations 256        observations

 

Suitable for:

·         Long term wealth creation solution

·         A focused large cap equity funds that aims for growth by investing in companies in the large cap category.

Hope you like my post; do let me know if you have any query

 

Disclaimer:

Mutual Fund investments are subject to market risks, read all schemes related documents carefully.