Investments are very important parts of our lives. Investing is like securing your future. Being in my mid-twenties, I am not able to properly invest my salary, and I end up spending a lot. I had to make some arrangements regarding this, and that was when I came across Edelweiss Tokio Life. I was introduced to Edelweiss Tokio by a blogger friend and was lucky enough to get a pass for an event of a new product launch of Edelweiss Tokio Life called “Wealth Plus.” I was eager to attend the event as I wanted some insights on the investment planning.
On Saturday, November 18, 2017, the product launch was scheduled at Edelweiss Group House at Kalina, Mumbai. I reached there on time and was surprised to see bloggers and speakers from the financial industry. I was sure I would be having a great time and an excellent learning experience. I did some research before the meet regarding Edelweiss Tokio Life and found that it is a joint venture of Edelweiss Financial Services and Tokio Marine since 2011. The MD&CEO of Edelweiss Tokio Life, Mr. Deepak Mittal initiated the product launch with a brief introduction to the company and its growth in the last 6 years. The event was streaming live on Twitter and I was sure that the product they were launching was really a good one.
Mr. Mittal explained some case studies so beautifully regarding the investment planning that it made me re-think my mistakes with investing money in orthodox ways like Recurring deposits and fixed deposits in banks. He explained the power of compounding which was just an eye-opener for me. After that, a panel member Mr. Subhrajit came forward and gave the details about the new product “Wealth Plus.” The product was so awesome that the entire room of bloggers went crazy and started asking questions about the product. They instantly started comparing this new product with the already existing products in the market. However, the Edelweiss team did an excellent job of answering and handling every question with grace and an exact solution.
Speaking of “Wealth Plus,” this plan basically invests with the customers who are different than that of the other products of Edelweiss Tokio like Wealth Ultima, etc. The plan has no allocation and administration charges, i.e., 100% of your premium is invested into the funds as per the chosen investment strategy. Moreover, there will be additional allocation from the company on every premium paid during the premium paying term. These allocations start at 1% and increase every 5 years to 3%, 5% and 7% thereby accelerating the wealth accumulation. It also has rising star benefit for the child’s secure future.
The event was 3 hours long session with various insights on the finance market which was new to me. The product was so awesome that I instantly compared the plan with the other plans available in the market on policybazaar.com and was shell-shocked by the huge differences. I realized how incorrect I was in investing money and I am sure I will invest in “Wealth Plus.” Do check for your suitable plans on the Edelweiss website and stay invested wisely!