Edelweiss Life Insurance launches 3 Wealth Accumulation plans

MUMBAI: Edelweiss Tokio Life Insurance Company Limited, the new age life insurance entrant has launched three wealth accumulation plans, tailor made to meet the various wealth creation and protection needs of customers.

Each of three wealth accumulation plans, namely Cover Plus, Comprehensive Cover and Accelerated Cover has been designed to cater to specific customer needs. Cover Plus is ideal for a customer who is looking for a good balance between death benefit and maturity benefit as both fund value and sum assured is paid on death of the life assured, a company statement said here.

"We are happy to launch our first range of unit linked Wealth Accumulation Plans. The inherent lower charge structure, our in-depth understanding of Indian financial markets and expertise in managing funds, makes the offering unique. Each product is personalized with unique features to meet customer needs of structured wealth accumulation and commensurate cover," Edelweiss Tokio Life Insurance CEO, Deepak Mittal said.