{"uin":"147L066V04","name":"Edelweiss Life - Wealth Premier","url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04","insurer":{"slug":"edelweiss-life-insurance","name":"Edelweiss Life Insurance Company Limited","url":"https://indiainsurances.com/insurer/edelweiss-life-insurance"},"line":"life","category":"ulip","category_name":"ULIPs (unit-linked plans)","irdai_type":null,"kind":"product","status":"active","approved_on":null,"withdrawn_on":null,"summary":"Edelweiss Life - Wealth Premier is a unit linked, non-participating, individual, single premium savings life insurance product with Single Life and Joint Life cover options. It has a 10 year policy term, a five year lock-in period, no policy loan facility and ten fund options.","analysis":{"state":"machine","analysed_at":"2026-10-20 00:44:56.1604+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"quote-verified","value":["Single Life","Joint Life"],"display":"Single Life; Joint Life","note":null,"quote":"Life Cover option << Single Life / Joint Life >>","sources":[{"clause":null,"heading":"POLICY SCHEDULE","page":4,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-policy-schedule"}],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"quote-verified","value":"10 years","display":"10 years","note":null,"quote":"Policy Term | 10 years","sources":[{"clause":null,"heading":"Policy Details","page":4,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-policy-details"}],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"The claim is required to be intimated along with all necessary claim documents within 90 days from the date of death. The insurer may condone delay if valid reasons are given.","display":"Within 90 days from the date of death; delay may be condoned for valid reasons","note":null,"quote":"The claim is required to be intimated to us along with all necessary claim documents required within 90 days from the date of death. However, we may condone the delay in claim intimation, if any, provided valid reasons are given for the delay.","sources":[{"clause":"Part F(v)","heading":null,"page":22,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-part-f-v"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["The death claim form, duly completed","The original or an attested copy of the death certificate","The original Policy document","Documents to establish right of the claimant in the absence of valid nomination","Any other information or documentation that we request","Copy of FIR and Panchnama","Copy of the Postmortem report","Copy of newspaper clipping if any","Copy of the Final police investigation report","Copy of the chargesheet in case of murder"],"display":"Death claim form, death certificate, original policy document, claimant right documents where needed, any other requested information, and extra accident/unnatural death documents","note":null,"quote":"i) The death claim form, duly completed; ... ii) The original or an attested copy of the death certificate; ... iii) The original Policy document; ... iv) Documents to establish right of the claimant in the absence of valid nomination ... v) Any other information or documentation that we request.\nIn case of death due to accident and unnatural death, the following additional documents are required:\n(i) Copy of FIR and Panchnama;\n(ii) Copy of the Postmortem report;\n(iii) Copy of newspaper clipping if any;\n(iv) Copy of the Final police investigation report;\n(v) Copy of the chargesheet in case of murder;","sources":[{"clause":"Part F(i)","heading":null,"page":22,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-part-f-i"},{"clause":"Part F(ii)","heading":null,"page":22,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-part-f-ii"},{"clause":"Part F(iii)","heading":null,"page":22,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-part-f-iii"},{"clause":"Part F(iv)","heading":null,"page":22,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-part-f-iv"},{"clause":"Part F(v)","heading":null,"page":22,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-part-f-v"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"quote-verified","value":"The CIS says a death claim would be settled within 15 days from the date of intimation for cases not warranting investigation, and within 45 days from the date of intimation for cases warranting investigation.","display":"15 days from intimation; 45 days if investigation is warranted","note":"The policy wording gives the claim procedure but does not print these settlement timelines; the CIS prints them.","quote":"A claim would be settled within • 15 days from the date of intimation of claim, for cases not warranting investigation. • 45 days from the date of intimation of claim, for cases warranting investigation","sources":[{"clause":null,"heading":"Surrender of Policy after the Lock-in Period (after first","page":5,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5661#c-surrender-of-policy-after-the-lock-in-period-aft"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["Single Life: death due to suicide within 12 months from the Policy Commencement Date","Joint Life: death of either or both of the lives assured due to suicide within 12 months from the Policy Commencement Date"],"display":"Suicide within 12 months from the Policy Commencement Date; no exclusions other than Suicide Claim provisions","note":null,"quote":"Suicide Exclusion:\n• Single Life: In case of death due to suicide within 12 months from the Policy Commencement Date, the Nominee or the beneficiary of the Policyholder shall be entitled to the Fund Value, as available on the date of intimation of death.\n• Joint Life: In case of death of either or both of the lives assured due to suicide, within 12 months from the Policy Commencement Date, the surviving Life Insured or the Nominee or the beneficiary of the Policyholder shall be entitled to the Fund Value, as available on the date of intimation of death. Further any charges other than Fund Management Charges (FMC) and guarantee charges recovered subsequent to the date of death due to suicide shall be added back to the Fund Value as available on the date of intimation of death.\nNote: There are no exclusions other than Suicide Claim provisions","sources":[{"clause":null,"heading":"GENERAL TERMS AND CONDITIONS","page":22,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-general-terms-and-conditions"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"Customers can first raise a service request with Customer Care through the stated toll-free number, WhatsApp, email, postal address, online portal or branches. If not satisfied, they may escalate to priority@edelweisslife.in or register a grievance with the Grievance Redressal Officer at GRO@edelweisslife.in or +91-22-71013322.","display":"Customer Care first; if not satisfied, escalate to priority@edelweisslife.in or the GRO","note":null,"quote":"Customers can raise any service request through any of the following (please keep your details like policy number, registered no and/or registered email id handy):\n• Toll-Free: 1-800-2121-212 (Mon–Sat, 10 AM–7 PM, except Public Holidays)\n• Whatsapp: 9833521212 – Write “Hi” (Available 24X7)\n• Email: care@edelweisslife.in ... If you are not satisfied with the resolution provided by the care team, you may escalate to priority@edelweisslife.in ... • Grievance Redressal Officer (GRO)\n• Phone: +91-22-71013322 (Mon–Fri, 10 AM–6 PM, except Public Holidays)\n• Email: GRO@edelweisslife.in","sources":[{"clause":null,"heading":"Service Request Touchpoints","page":26,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-service-request-touchpoints"},{"clause":null,"heading":"Grievance Redressal Touchpoints","page":26,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-grievance-redressal-touchpoints"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"sum_assured","label":"Sum assured","section":"Cover","meaning":"The minimum and maximum life cover, or the rule that sets it (for example 10 times the annual premium).","status":"quote-verified","value":"For Single Life, the minimum Sum Assured is 1.25 x Single Premium and the maximum is 10 x Single Premium. For Joint Life, the Sum Assured is 10 x Single Premium, with the brochure noting that maximum Sum Assured differs by age at entry and underwriting policy.","display":"Single Life: 1.25 x to 10 x Single Premium; Joint Life: 10 x Single Premium","note":"From the sales brochure; the policy schedule contains only the actual issued Sum Assured placeholder.","quote":"Minimum Sum Assured | 1.25 x Single Premium | 10 x Single Premium\nMaximum Sum Assured** | 10 x Single Premium ... ** Maximum Sum Assured will differ by age at entry and will be as per Board approved underwriting policy.","sources":[{"clause":null,"heading":"PLAN AT GLANCE","page":2,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5660#c-plan-at-glance"}],"law":[]},{"key":"death_benefit","label":"Death benefit","section":"Cover","meaning":"What your family gets if you die during the term, and how it is calculated.","status":"quote-verified","value":"For Single Life while in force, death benefit is the higher of Sum Assured less Relevant Partial Withdrawals, balance in the unit fund, or 105% of Single Premium, and the policy terminates. For Joint Life while in force, the same benefit is payable on second death or simultaneous death; on first death the Fund Value is enhanced to the higher of 1.25 times Single Premium less Relevant Partial Withdrawals or the unit fund balance, with Full Withdrawal or No Withdrawal options.","display":"Higher of Sum Assured less Relevant Partial Withdrawals, unit fund balance, or 105% of Single Premium; Joint Life has first-death fund enhancement","note":"If the policy is in discontinuance on the date of death, the death benefit is the Discontinued Policy Fund value subject to the minimum guaranteed interest rate applicable to that fund.","quote":"Single Life | In case of death of the Life Insured during the Policy Term, while the Policy is In-Force. | The Death Benefit will be as per given below: Higher of: a. Sum Assured less Relevant Partial Withdrawals; b. Balance in the unit fund; c. 105% of Single Premium On death of the Life Insured, Death Benefit will be payable and the Policy will terminate. ... Joint Life | In case of second death of the two Lives Insured (i.e. death of the surviving Life Insured after the death of one of the Lives Insured) or on simultaneous death of the two Lives Insured during the Policy Term, while the Policy is In- Force. | The Death Benefit will be as per given below: Higher of: a. Sum Assured less Relevant Partial Withdrawals; b. Balance in the unit fund; c. 105% of Single Premium ... In addition, on first death of the two Lives Insured, the Fund Value will be enhanced and will be higher of 1.25 times of Single Premium less Relevant Partial Withdrawals or the balance in the unit fund, subject to the admissibility of the claim.","sources":[{"clause":"1","heading":"Death Benefit","page":9,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-1"}],"law":[]},{"key":"maturity_benefit","label":"Maturity benefit","section":"Cover","meaning":"What you get if you survive to the end of the term.","status":"quote-verified","value":"On survival to maturity while the policy is in force, the Maturity Benefit is the Fund Value calculated at the prevailing NAV on the maturity date, payable as a lump sum. Under Joint Life this applies on survival of any one or both lives insured to the maturity date.","display":"Fund Value at prevailing NAV on maturity date, payable as lump sum","note":null,"quote":"Single Life | On survival of the Live Insured till the date of maturity, provided the policy is In-Force. | The Maturity Benefit will be the Fund Value calculated at the prevailing NAV on the maturity date and will be payable as lump sum.\nJoint Life | On survival of any one or both the Lives Insured till the date of maturity, provided the policy is In-Force.","sources":[{"clause":"2","heading":"Maturity Benefit","page":10,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-2"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"quote-verified","value":"Single Pay.","display":"Single Pay","note":null,"quote":"Premium Paying Term | Single Pay","sources":[{"clause":null,"heading":"Policy Details","page":4,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-policy-details"}],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"quote-verified","value":"Maximum maturity age is 75 years for both Single Life and Joint Life.","display":"75 years","note":"From the sales brochure.","quote":"Maturity Age (last birthday) | 18 – 75 years | 28 – 75 years","sources":[{"clause":null,"heading":"PLAN AT GLANCE","page":2,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5660#c-plan-at-glance"}],"law":[]},{"key":"suicide_clause","label":"Suicide clause","section":"Exclusions","meaning":"What is paid if death is by suicide within the first 12 months.","status":"quote-verified","value":"For Single Life, if death is due to suicide within 12 months from the Policy Commencement Date, the nominee or beneficiary is entitled to the Fund Value as on the date of intimation of death. For Joint Life, if either or both lives assured die due to suicide within 12 months, the surviving Life Insured or nominee or beneficiary is entitled to the Fund Value, and charges other than FMC and guarantee charges recovered after the suicide death are added back.","display":"Suicide within 12 months: Fund Value as on death intimation; for Joint Life, specified charges recovered after death are added back","note":null,"quote":"• Single Life: In case of death due to suicide within 12 months from the Policy Commencement Date, the Nominee or the beneficiary of the Policyholder shall be entitled to the Fund Value, as available on the date of intimation of death.\n• Joint Life: In case of death of either or both of the lives assured due to suicide, within 12 months from the Policy Commencement Date, the surviving Life Insured or the Nominee or the beneficiary of the Policyholder shall be entitled to the Fund Value, as available on the date of intimation of death. Further any charges other than Fund Management Charges (FMC) and guarantee charges recovered subsequent to the date of death due to suicide shall be added back to the Fund Value as available on the date of intimation of death.","sources":[{"clause":null,"heading":"GENERAL TERMS AND CONDITIONS","page":22,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-general-terms-and-conditions"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 21","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 35","url":"https://indiainsurances.com/law/irdai-life-products-2024"}]},{"key":"surrender","label":"Surrender value","section":"Renewal and rights","meaning":"What you get if you stop the policy early, and from when.","status":"quote-verified","value":"The policyholder can request surrender at any time during the policy term. During the first five policy years, the Fund Value after discontinuance charges is credited to the Discontinued Policy Fund and paid at the end of the lock-in period; after the lock-in period, the Fund Value as on the date of surrender is payable and the policy terminates.","display":"Can surrender any time; first 5 years paid after lock-in via Discontinued Policy Fund; after lock-in Fund Value is payable","note":null,"quote":"At any time during the Policy Term, the Policyholder can submit a written request to Surrender the Policy.\nWhere a Unit Linked insurance policy acquires a Surrender Value during the first five years, it shall become payable only after the completion of the Lock-in Period. After the Lock-in Period, the Surrender Value shall be at least equal to the Fund Value as on the date of Surrender. ... Upon receipt of request for Surrender, the Fund Value, after deducting the applicable discontinuance charges, shall be credited to the Discontinued Policy Fund. ... Upon receipt of request for Surrender, the Fund Value as on date of Surrender shall be payable and Policy will terminate.","sources":[{"clause":"1","heading":"Surrender Benefit","page":11,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-1-2"},{"clause":"1(a)","heading":null,"page":11,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-1-a"},{"clause":"1(b)","heading":null,"page":11,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-1-b"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.1 to 26.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.4 and 26.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 27","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.16 and 1.17","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(1) to (3)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(4) and (5)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(6) to (9)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)(c)(V)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"paid_up","label":"Paid-up value","section":"Renewal and rights","meaning":"What cover continues if you stop paying premiums after a few years.","status":"quote-verified","value":"Not applicable.","display":"Not Applicable","note":"This is a single premium policy.","quote":"13. | Lapse, paid-up and revival of the Policy | Not Applicable","sources":[{"clause":null,"heading":"Surrender of Policy after the Lock-in Period (after first","page":5,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5661#c-surrender-of-policy-after-the-lock-in-period-aft"}],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"quote-verified","value":"Not applicable.","display":"Not Applicable","note":"This is a single premium policy.","quote":"13. | Lapse, paid-up and revival of the Policy | Not Applicable","sources":[{"clause":null,"heading":"Surrender of Policy after the Lock-in Period (after first","page":5,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5661#c-surrender-of-policy-after-the-lock-in-period-aft"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.7","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.10","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.28","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.39","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"policy_loan","label":"Policy loan","section":"Renewal and rights","meaning":"Whether you can borrow against the policy.","status":"quote-verified","value":"There is no loan facility under this Policy.","display":"No loan facility","note":null,"quote":"There is no loan facility under this Policy.","sources":[{"clause":"4","heading":"Policy Loan","page":12,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-4"}],"law":[]},{"key":"riders_available","label":"Riders available","section":"Cover","meaning":"Optional add-ons such as accidental death, critical illness or waiver of premium.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"section45","label":"Claims after 3 years (Section 45)","section":"Claims","meaning":"After 3 years a life policy cannot be questioned on any ground, and only for fraud with proof before that.","status":"quote-verified","value":"No life insurance policy can be called in question on any ground after expiry of 3 years from the date of issuance, commencement of risk, revival or rider, whichever is later. Within 3 years it may be questioned on the ground of fraud, with written communication of the grounds and materials.","display":"Cannot be questioned after 3 years; fraud can be questioned within 3 years with written grounds and materials","note":null,"quote":"No Policy of Life Insurance shall be called in question on any ground whatsoever after expiry of 3 years from\na) the date of issuance of policy; or\nb) the date of commencement of risk; or\nc) the date of revival of policy; or\nd) the date of rider to the policy\n- whichever is later. ... On the ground of fraud, a policy of Life Insurance may be called in question within 3 years from\na) the date of issuance of policy or\nb) the date of commencement of risk or\nc) the date of revival of policy or\nd) the date of rider to the policy,\n- whichever is later.\nFor this, the insurer should communicate in writing to the insured or legal representative or nominee or assignees of insured, as applicable, mentioning the ground and materials on which such decision is based.","sources":[{"clause":"01","heading":null,"page":35,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-01-3"},{"clause":"02","heading":null,"page":35,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-02-3"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 45","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.6","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"tax_note","label":"Tax note in the document","section":"Premium","meaning":"What the document says about tax benefits. Not stated when it only says taxes are charged on the premium. Tax law changes; confirm separately.","status":"quote-verified","value":"The tax benefits under this policy may be available as per prevailing Income Tax laws in India and amendments from time to time. The insurer reserves the right to recover applicable taxes from the policyholder.","display":"Tax benefits may be available as per prevailing Income Tax laws; applicable taxes may be recovered","note":null,"quote":"The tax benefits under this Policy may be available as per the prevailing Income Tax laws in India and any amendment(s) made thereto from time to time. We reserve the right to recover all the applicable taxes from You.","sources":[{"clause":"Part F(v)","heading":null,"page":22,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-part-f-v"}],"law":[]},{"key":"free_look","label":"Free-look period","section":"Renewal and rights","meaning":"Days after you receive the policy in which you can return it for a refund if you do not agree with its terms.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"thirty (30) days","note":null,"quote":"You have a Free Look period of thirty (30) days beginning from the date of receipt of the Policy Document, whether received electronically or otherwise, to review the terms and conditions of this Policy.","sources":[{"clause":"6","heading":"Free Look Period","page":12,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-6"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 5","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(1), 20(2)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, II.8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grace_period","label":"Grace period","section":"Renewal and rights","meaning":"Days you get after the due date to pay without losing cover or continuity.","status":"not-applicable","value":null,"display":null,"note":"Not applicable because this is a single premium policy.","quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 8","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 9","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 8","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.2","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 1.3","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"eligibility_entry_age","label":"Entry age","section":"Eligibility","meaning":"The youngest and oldest age at which you can buy this policy.","status":"quote-verified","value":"Entry age is 8 to 65 years for Single Life and 18 to 65 years for Joint Life. For Joint Life, the maximum entry age for the second life insured is 100 minus the age of the first life insured.","display":"Single Life: 8–65 years; Joint Life: 18–65 years","note":"From the sales brochure.","quote":"Entry Age (last birthday) | 8 – 65 years | 18 – 65* years ... * Applicable to any one of the two lives insured. The maximum entry age for the 2nd life insured will be 100 – age of the 1st life insured. E.g. If age of the 1st life insured is 55 years, the maximum age for the 2nd life will be 100 – 55 = 45 years only.","sources":[{"clause":null,"heading":"PLAN AT GLANCE","page":2,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5660#c-plan-at-glance"}],"law":[]},{"key":"premium_modes","label":"Premium payment options","section":"Premium","meaning":"How often you can pay: yearly, half-yearly, quarterly, monthly.","status":"quote-verified","value":["Single Pay"],"display":"Single Pay","note":null,"quote":"Premium Paying Term | Single Pay","sources":[{"clause":null,"heading":"Policy Details","page":4,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-policy-details"}],"law":[]},{"key":"premium_type","label":"Premium payment type","section":"Premium","meaning":"Single premium, regular premium (every year of the term) or limited premium (fewer years than the term).","status":"quote-verified","value":["Single Premium"],"display":"Single Premium","note":null,"quote":"This Policy is a Unit Linked, Non-Participating, Single Premium, Individual, Savings Life Insurance Product.","sources":[{"clause":null,"heading":"THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER OR WITHDRAW THE MONIES","page":3,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-the-policyholder-will-not-be-able-to-surrender-o"}],"law":[]},{"key":"lock_in","label":"Lock-in period","section":"Renewal and rights","meaning":"Years before you can withdraw. ULIPs have a 5-year lock-in.","status":"quote-verified","value":{"unit":"years","amount":5},"display":"five consecutive complete years","note":null,"quote":"Lock-in Period: | means the period of five consecutive complete years from the date of Commencement of the Policy during which period the proceeds of the policies cannot be paid by the insurer to the policyholder or the Life Insured / Lives Insured, as the case may be, except in case of death or upon the happening of any other contingency covered under the policy.","sources":[{"clause":null,"heading":"DEFINITIONS","page":6,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-definitions"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 42","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 54.1 and 54.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.5","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.22 to 1.24","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vii) to (ix)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"funds","label":"Fund options","section":"Cover","meaning":"The investment funds you can choose and their risk.","status":"quote-verified","value":["Equity Large Cap Fund - High","Equity Top 250 Fund - High","Bond Fund - Low to Medium","Managed Fund - Medium","Equity Mid Cap Fund - High","Equity Blue Chip Fund - High","Gilt Fund - Low to Medium","Long Term Bond Fund - Low to Medium","Equity Small-Cap Fund - High","Strategic Allocation Fund - Medium to High"],"display":"10 funds: Equity Large Cap, Equity Top 250, Bond, Managed, Equity Mid Cap, Equity Blue Chip, Gilt, Long Term Bond, Equity Small-Cap and Strategic Allocation","note":null,"quote":"i) Equity Large Cap Fund: (SFIN: ULIF00118/08/11EQLARGECAP147) Objective: To provide high equity exposure targeting higher returns in the long term\nAssets | Minimum | Maximum | Risk Profile\nEquity | 60% | 100% | High ... ii) Equity Top 250 Fund: (SFIN: ULIF0027/07/11EQTOP250147) Objective: To provide equity exposure targeting higher returns (through long term capital gains).\nAssets | Minimum | Maximum | Risk Profile\nEquity | 60% | 100% | High ... iii) Bond Fund: (SFIN: ULIF00317/08/11BONDFUND147) Objective: To provide relatively safe and less volatile investment option mainly through debt instruments and accumulation of income through investment in fixed income securities.\nAssets | Minimum | Maximum | Risk\nProfile\nEquity | Nil | Nil | Low to Medium ... iv) Managed Fund: (SFIN: ULIF00618/08/11MANAGED147) Objective: This fund will be in the nature of a balanced fund with the objective to provide stable returns. ... Equity | 0% | 40% | Medium ... v) Equity Mid Cap Fund: (SFIN: ULIF01107/10/16ETLIMIDCAP147) Objective: The objective of the fund is to provide equity exposure targeting higher returns in the long term, by largely investing in Midcap Companies. ... Equity | 80% | 100% | High ... vi) Equity Blue Chip Fund: (SFIN: ULIF01226/11/18ETLBLUCHIP147) Objective: This fund will aim to provide long-term capital appreciation predominantly investing in an equity portfolio of large cap stocks. ... Equity | 60% | 100% | High ... vii) Gilt Fund: (SFIN: ULIF01326/11/18ETLGILTFND147) Objective: The objective of the fund is to provide accumulation of Income and capital appreciation through investments predominantly in Government Securities ... Low to Medium ... viii) Long Term Bond Fund: (SFIN: ULIF01426/06/20ETLLNGTERM147) Objective: The objective of the fund is to generate consistent income on its investments. The fund orientation is to take exposure to longer duration instruments as appropriate.\nAssets | Minimum | Maximum | Risk Profile\nEquity | Nil | Nil 100% | Low to Medium ... ix) Equity Small-Cap Fund : (SFIN: ULIF01523/12/24SMALLCAP147) Objective: To provide equity exposure targeting higher returns in the long term, by largely investing in Smallcap Companies\nAssets | Minimum | Maximum | Risk\nProfile\nEquity | 80% | 100% | High ... x) Strategic Allocation Fund : (SFIN: ULIF01614/10/26STRATEGIC147)\nObjective: This will be a multi-asset fund with the objective of giving stable returns.\nAssets | Minimum | Maximum | Risk Profil | e\nEquity and Equity related instruments | 0% | 80% | Medium to High","sources":[{"clause":"3(i)","heading":"Equity Large Cap Fund","page":18,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-3-i"},{"clause":"3(ii)","heading":"Equity Top 250 Fund","page":18,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-3-ii"},{"clause":"3(iii)","heading":"Bond Fund","page":18,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-3-iii"},{"clause":"3(iv)","heading":"Managed Fund","page":19,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-3-iv"},{"clause":"3(v)","heading":"Equity Mid Cap Fund","page":19,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-3-v"},{"clause":"3(vi)","heading":"Equity Blue Chip Fund","page":19,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-3-vi"},{"clause":"3(vii)","heading":"Gilt Fund","page":19,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-3-vii"},{"clause":"3(viii)","heading":"Long Term Bond Fund","page":20,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-3-viii"},{"clause":"3(ix)","heading":"Equity Small-Cap Fund","page":20,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-3-ix"},{"clause":"3(x)","heading":"Strategic Allocation Fund","page":20,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-3-x"}],"law":[]},{"key":"premium_allocation_charge","label":"Premium allocation charge","section":"Charges","meaning":"Part of each premium taken before investing.","status":"quote-verified","value":"No allocation charges will be deducted on Premium.","display":"No allocation charges","note":null,"quote":"No allocation charges will be deducted on Premium","sources":[{"clause":"1(a)","heading":null,"page":13,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-1-a-2"}],"law":[]},{"key":"policy_admin_charge","label":"Policy administration charge","section":"Charges","meaning":"Monthly charge deducted from your fund.","status":"quote-verified","value":"Policy Administration Charges are Nil.","display":"Nil","note":null,"quote":"i. Policy Administration Charges: When and how applicable At what rate When can it be changed Nil","sources":[{"clause":"1(a)","heading":null,"page":13,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-1-a-2"}],"law":[]},{"key":"fund_management_charge","label":"Fund management charge","section":"Charges","meaning":"Yearly charge on fund value; capped at 1.35% by IRDAI.","status":"quote-verified","value":"Fund Management Charges are levied daily in the NAV as a percentage of assets: 1.35% p.a. for Equity Large Cap, Equity Top 250, Managed, Equity Mid Cap, Equity Blue Chip, Equity Small-Cap and Strategic Allocation funds; 1.25% p.a. for Bond, Gilt and Long Term Bond funds; and 0.50% p.a. for the Discontinued Policy Fund. The charge may change with IRDAI approval but cannot exceed 1.35% p.a. for all funds except the Discontinuance fund at 0.5%.","display":"1.35% p.a. for most funds, 1.25% p.a. for Bond/Gilt/Long Term Bond, 0.50% p.a. for Discontinued Policy Fund","note":null,"quote":"FMC are levied for the management of the Funds as a percentage of the value of assets and is charged at the time of calculation of NAV of the Fund, on a daily basis, at the rate of: | Fund | FMC | May be changed with prior approval of IRDAI but shall not exceed 1.35% per annum for all funds except for Discontinuance fund which will be 0.5%.\n(p.a.)\nEquity Large Cap Fund | 1.35%\nEquity Top 250 Fund | 1.35%\nBond Fund | 1.25%\nManaged Fund | 1.35%\nEquity Mid Cap Fund | 1.35%\nEquity Blue Chip Fund | 1.35%\nGilt Fund | 1.25%\nLong Term Bond Fund | 1.25%\nEquity Small-Cap Fund | 1.35%\nStrategic Allocation Fund | 1.35%\nDiscontinued Policy | 0.50%\nFund","sources":[{"clause":"1(a)","heading":null,"page":13,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-1-a-2"}],"law":[]},{"key":"mortality_charge","label":"Mortality charge","section":"Charges","meaning":"Cost of life cover, deducted monthly by age.","status":"quote-verified","value":"Mortality charges are recovered monthly on every Policy Month anniversary by cancelling units. For Single Life, Monthly Mortality Charge equals Sum at Risk times Annual Mortality Charge Rate divided by 12,000; for Joint Life it is the sum of first-death and second-death mortality charges using Sum at Risk 1 and Sum at Risk 2, with rates depending on age, gender and the Annexure 4 table.","display":"Deducted monthly by cancellation of units; Single Life formula is SAR x annual mortality charge rate / 12,000","note":null,"quote":"Mortality charges are recovered on a monthly basis (on every Policy Month anniversary) by way of cancellation of appropriate number of units. | The Mortality Charge Rates are guaranteed for the entire Policy Term. ... Single Life:\nMonthly Mortality Charge = Sum at Risk * Annual Mortality Charge Rate /12,000 Joint Life:\nMonthly Mortality Charge = Sum at Risk 1 * Annual Mortality Charge Rate (First Death)/12,000 + Sum At Risk 2 * Annual Mortality Charge Rate (Second Death)/12,000 Where, Annual Mortality Charge Rates depends on age last birthday and gender of life insured/lives insured as on date of calculation","sources":[{"clause":null,"heading":"When and how applicable","page":16,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-when-and-how-applicable"},{"clause":null,"heading":"At what rate","page":17,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-at-what-rate"}],"law":[]},{"key":"discontinuance_charge","label":"Discontinuance charge","section":"Charges","meaning":"Charge if you stop paying in the first five years.","status":"quote-verified","value":"If discontinued during policy year 1 the charge is lower of 1% of SP or FV subject to maximum Rs 6000; year 2 lower of 0.70% subject to maximum Rs 5000; year 3 lower of 0.50% subject to maximum Rs 4000; year 4 lower of 0.35% subject to maximum Rs 2000; year 5 and onwards Nil.","display":"Year 1: lower of 1% of SP/FV, max Rs 6000; Year 2: 0.70%, max Rs 5000; Year 3: 0.50%, max Rs 4000; Year 4: 0.35%, max Rs 2000; Year 5 onwards: Nil","note":null,"quote":"iv. Surrender/Discontinuance Charges:\nWhere the policy i | s y | Discontinuance Charges\ndiscontinued during the policy year*\n1 | Lower of 1% of (SP or FV) subject to maximum of Rs 6000\n2 | Lower of 0.70% of (SP or FV) subject to maximum of Rs 5000\n3 | Lower of 0.50% of (SP or FV) subject to maximum of Rs 4000\n4 | Lower of 0.35% of (SP or FV) subject to maximum of Rs 2000\n5 and onwards | NIL\nSP = Single Premium FV = Fund Value on the date of discontinuance\n*The date of discontinuance shall be the date of surrender.","sources":[{"clause":"1(a)","heading":null,"page":13,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-1-a-2"}],"law":[]},{"key":"switches_withdrawals","label":"Switches and partial withdrawals","section":"Renewal and rights","meaning":"Free fund switches and withdrawals after lock-in.","status":"quote-verified","value":"Partial withdrawals are not allowed in the first five Policy Years; from the sixth Policy Year they are allowed without charge, with minimum Rs. 500 and maximum fund value in excess of 105% of total premiums paid. The policyholder may make unlimited switches without charge in a policy year, except when the Policy Fund is transferred to the Discontinued Policy Fund; the minimum switch amount is Rs.1,000.","display":"Unlimited free switches; partial withdrawals from sixth Policy Year without charge, minimum Rs. 500; minimum switch Rs.1,000","note":null,"quote":"a) Partial Withdrawals are not allowed in the first five Policy Years. From sixth Policy Years onwards, Partial Withdrawals will be allowed without any charge.\nb) Partial Withdrawals shall only be allowed on or after attainment of age 18 years by the Life Insured under Single Life cover.\nc) Minimum Partial Withdrawal: Rs. 500 per withdrawal\nd) Maximum Partial Withdrawal: Fund value which is in excess of 105% of total premiums paid till the time of Partial Withdrawal can be withdrawn. ... The Policyholder may make unlimited switches, without any Charge, at any time in a Policy Year other than the time when the Policy Fund is transferred to the Discontinued Policy Fund. The Policyholder may, request the Company to switch a part or whole of the allocated Units from one investment Fund to another investment Fund as desired. The minimum switch amount per switch must be Rs.1,000.","sources":[{"clause":"2","heading":"Partial Withdrawal","page":11,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-2-2"},{"clause":"3","heading":"Switches","page":11,"url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664#c-3-2"}],"law":[]}],"documents":[{"kind":"wording","label":"Edelweiss Life - Wealth Premier Sample Contract","pages":37,"fetched_at":"2026-10-17 19:31:55+00","source_url":"https://www.edelweisslife.in/documents/20121/301865/EdelweissLife_WealthPremier_SamplePolicy.pdf/24793fd6-f907-62ef-e4f2-e5db667751ec?version=1.0&t=1792151748074","url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5664"},{"kind":"cis","label":"Edelweiss Life - Wealth Premier Customer Information Sheet","pages":9,"fetched_at":"2026-10-17 19:31:59+00","source_url":"https://www.edelweisslife.in/documents/20121/301865/EdelweissLife_WealthPremier_CIS_Sample.pdf/f374ba3b-b135-7c70-c1ee-fa4707a8e06e?version=1.0&t=1792151742751","url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5661"},{"kind":"brochure","label":"Edelweiss Life - Wealth Premier Product Brochure","pages":18,"fetched_at":"2026-10-17 19:31:54+00","source_url":"https://www.edelweisslife.in/documents/20121/301865/EdelweissLife_WealthPremier_ProductBrochure.pdf/01d0b3ab-83a1-4971-68a5-6c40685373ef?version=1.0&t=1792151745139","url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/5660"},{"kind":"premium","label":"Edelweiss Life - Wealth Premier Rate Table","pages":null,"fetched_at":"2026-10-17 19:31:56+00","source_url":"https://www.edelweisslife.in/documents/20121/2069996/WelathPremier_TableOfCharges.pdf/a731d8d8-fb9c-07b2-2349-9558609be431?version=1.0&t=1707714384708","url":"https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04/document/19544"}],"versions":[],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Edelweiss Life Insurance official website","url":"https://www.edelweisslife.in/","note":"Buy directly from the insurer."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"insurer","name":"Report a claim","url":"https://www.edelweisslife.in/claim/intimation","note":null},{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"insurer","name":"Grievance redressal","url":"https://www.edelweisslife.in/grievance-redressal","note":null},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Edelweiss Life - Wealth Premier (UIN 147L066V04), IndiaInsurances, https://indiainsurances.com/policy/edelweiss-life-insurance/edelweiss-life-wealth-premier-147l066v04"}