Edelweiss Life Insurance: ULIP Plan Guide

Quick Overview

Edelweiss Life Insurance, formerly known as Edelweiss Tokio Life Insurance, is a private life insurer in India established in 2011. It was formed as a joint venture between Edelweiss Financial Services Limited and Tokio Marine Holdings Inc., a large insurance company based in Japan. The insurer rebranded in June 2024 and operates through over 103 branches across India.

Besides other Life products, the insurer offers Unit-Linked Investment Plans (ULIPs) such as Wealth Plus that combine life insurance with market-linked investments. However, the life cover is lower than that offered by term insurance because the primary focus is on investment growth.

Edelweiss Life Insurance offers several ULIPs with flexible fund options for long-term investing. Although it is newer and smaller than major insurers such as ICICI Prudential and HDFC Life, it has expanded steadily.

This guide explains how Edelweiss Life ULIP plans work, reviews key performance metrics, and compares popular plans to help you decide if a ULIP fits your financial goals.

Edelweiss Life Insurance: Performance Metrics

Metrics/Values	Average FY 22-25	Industry Average	Insight
Claim Settlement Ratio (CSR)	99.24%	98.66%	The insurer maintains a high CSR above the industry average, indicating reliable claim servicing over recent years.
Amount Settlement Ratio (ASR)	96.76%	94.83%	ASR suggests a stronger payout and better settlement of the claimed amounts.
Annual Business Volume (in cr)	₹565	₹3,411 cr	Business volumes is relatively small compared with industry peers.
Volume of Complaints Per 10,000 Claims	167.33	17.67	Customer complaints are almost 10 times the industry average, indicating potential gaps in customer experience and grievance handling.
Solvency Ratio	1.93x	2.04x	The solvency ratio reflects adequate financial strength to meet future claim obligations.

Take Note: The above metrics reflect the insurer's overall performance and are not limited to its ULIP portfolio.

ULIP Plans Offered by Edelweiss Life Insurance

Plans	Fund Options	Key Features	Ideal For
Wealth Ultima	8 funds with a unique combination of Systematic Withdrawal Plan (SWP), Systematic Transfer Plan (STP), and Systematic Monthly Plan (SMP) options, which enable flexible investment strategies.	This plan offers two options based on the life insured’s age at maturity (up to 100 years). It also boosts fund value through Guaranteed, Loyalty, and Booster Additions over time.	Those seeking market-linked investment growth and flexible planning through systematic investment and withdrawal options.
Wealth Premier	9 funds	Offers single or joint life cover, a single-premium option with ten-year protection, and loyalty additions that increase savings at the end of the 6th, 8th, and 10th policy years.	Suitable for investors who want to make a one-time lump-sum investment and aim for market-linked wealth creation over an investment horizon.
Wealth Plus	8 funds with 2 investment strategies	Provides life cover, a Rising Star benefit for children’s future needs, higher allocation in the early years, and premium boosters in later policy years.	Suitable for investors comfortable with long-term investing to build market-linked wealth while planning for their child’s future goals.
Wealth Rise Plus	7 funds with 2 investment strategies	You can choose Base Cover, which offers life cover of 7 to 10 times the annual premium, or Enhanced Cover for higher protection. Periodic boosters and loyalty additions help grow the investment corpus.	Suitable for investors who want market-linked investments with some guaranteed maturity additions and prefer flexible strategies.

Premiums for Edelweiss Life ULIP Plans

Parameter	Wealth Rise Plus	Wealth Premier
Premium	₹50,000 (Annual)	₹10,00,000 (Single Pay)
Premium payment term	15 years	-
Death Sum Assured	₹5 lakh	₹1 cr
Policy term	20 years	10 years
Projected value at 8% gross return	₹18,77,244	₹20,31,955
Projected value at 4% gross return	₹11,48,475	₹14,00,639

Note: Projected values are illustrative for a 35-year-old for the Wealth Rise Plus plan and for a 40-year-old for Wealth Premier. The figures listed are taken from the Wealth Rise Plus Brochure and the Wealth Premier Brochure.

Drawbacks of Buying an Edelweiss Life Insurance ULIP Plan

1. Multiple Charges Reduce Returns

ULIPs include several charges such as premium allocation, policy administration, mortality, and fund management fees. These charges are deducted from your premium or fund value, so not all of your money gets invested or compounded from the beginning.

2. Life Cover May Be Limited

Most ULIPs provide life cover of about 10 times the annual premium. For people with financial dependents, this may not be enough to replace lost income. A separate term insurance plan usually offers much higher coverage at a lower cost.

3. Five-Year Lock-in Restricts Liquidity

All ULIPs have a mandatory five-year lock-in period as per IRDAI regulations. If the policy is surrendered before this period, the fund value is transferred to a discontinued policy fund that earns about 4% annually after charges, limiting early access to funds.

4. Market Risk and Limited Fund Choices

ULIP returns depend on market performance and are not guaranteed. Although fund switching is allowed, investors can choose only from funds offered by the insurer, and the number of switches per year may be limited.

5. Product Complexity

ULIPs are complex products because charges like administration fees are built into the structure; it can be difficult to clearly compare them with simpler options like term insurance and mutual funds.

6. No Policy Loan Facility

ULIP plans like Wealth Premier do not offer a policy loan option, meaning policyholders cannot borrow against the policy's value during the policy term.

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ULIP vs Term Insurance: Which is Better?

The difference between ULIP and term insurance lies in their purpose. ULIPs combine life insurance with market-linked investments, while term insurance focuses purely on providing high life cover at a lower cost.

Check out the infographic to understand the differences between a term plan and a ULIP.

Numerical Illustration: ULIP vs Term Insurance + Mutual Fund SIP

Comparison Table

Metric	ULIP	Term + SIP
Monthly Investment	₹15,000	₹1,000 (Term Premium) and ₹14,000 (SIP)
Annual Outflow	₹1.8 lakh	₹1.8 lakh
Life Cover	₹18 lakh (10x annual premium)	₹1 cr
Net Earnings on a 12% Gross Return	10.5%	11.5%
Corpus After 20 Years	₹1.15 cr	₹1.21 cr

Note: The calculations are illustrative for a 30-year-old investing ₹15,000 per month for 20 years to build long-term wealth while maintaining life cover. Actual returns are based on market performance.

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Conclusion

Edelweiss Life Insurance Company Limited ULIPs may suit individuals who cannot easily qualify for term insurance due to medical conditions or occupational risks. They can also work for people who already have adequate term cover but want an investment-linked insurance product.

Edelweiss Life shows strong claim settlement performance and solid solvency, indicating reliability. However, its small scale and low business volumes mean limited operational experience.

If you are looking for term plans from insurers with established track records, we recommend the best term insurance companies that offer reliable protection and plans aligned with your long-term financial goals and family needs.

Disclaimer: Edelweiss Life Insurance is not one of our partner insurers. At Ditto, we do not recommend ULIPs, and the information in this guide is based on publicly available sources and the insurer’s official website. The article is shared for educational purposes only.

Frequently Asked Questions

How can I access the Edelweiss Tokio Life Insurance login portal?

You can log in through the official portal of Edelweiss Life Insurance by entering your policy number, registered email ID, or mobile number along with your date of birth on the login page.

How can I find an Edelweiss Life Insurance Company Limited branch near me?

You can use the Edelweiss Life Insurance Company Limited branch locator on the insurer's official website. Enter your city or state to view the nearest branch address, contact details, and location information.

If the market does not perform well, can my Edelweiss ULIP lose money?

Yes. Since ULIPs invest in equity or debt funds, the value can fall when markets decline. Over the long term, returns depend on market performance and the funds you choose.

Can I switch funds in an Edelweiss ULIP?

Yes. Most Edelweiss ULIPs allow fund switching between equity, debt, or balanced funds. However, frequent switching based on short-term market movements may reduce long-term returns.

What happens if I stop paying premiums before the lock-in period ends?

If premiums stop before the mandatory lock-in period, the policy fund usually moves to a discontinued policy fund. The money is released only after the lock-in period ends, and life cover may stop.

Last updated on: 14 Mar, 2026