Wealth Elite Pro

What this product is

A high-ticket ULIP (minimum ₹1 lakh/year) with optional whole-life cover to age 99, a guaranteed 7% compounding "Wealth Booster" on allocation charges, and four portfolio strategies.

You might need this if…

• You might need this if you're investing a substantial annual premium (₹1 lakh+) and want a plan that rewards long holding periods with charge give-backs.
• Useful if you want the option of life cover extending to age 99 rather than a fixed term ending in your 60s.
• Fits if you like the idea of allocation charges being refunded with 7% p.a. compounding at year 15, effectively lowering your net cost over time.
• Good if you want a large fund menu (25+ funds) with multiple automated rebalancing strategies including a detailed age-based lifecycle option.

How it actually works

• Limited pay: entry age 0-60, min premium ₹1,00,000/year, premium term 5-12 years, policy term up to 75 minus entry age or whole life; Single pay: entry age 0-65, min 10-year term.
• Sum assured is 7x-10x annualized premium (ages 0-49) or 5x-10x (age 50+).
• Wealth Booster: premium allocation charges deducted during the term are credited back as extra units at year 15, compounded at a guaranteed 7% p.a.
• Death benefit is the highest of Sum Assured, 105% of premiums paid, or fund value.
• Premium allocation charges start at 5% (years 1-7), drop to 3.5% (years 8-10), then 0% from year 11; fund management charge 0.75%-1.35% p.a.
• Top-ups, sum assured increases/decreases, term extension, and 4 free annual portfolio-strategy switches are all supported; partial withdrawals begin after 5-year lock-in (min ₹2,000).

Worked example

Worth knowing before you decide

• 5-year lock-in, no liquidity before that; minimum entry premium is relatively high at ₹1 lakh/year.
• No policy loans available.
• Partial withdrawals can only continue until fund value drops to 2x annualized premium, and they draw from top-up funds first.
• No rider cover is available during the settlement (maturity payout) period.

Official source

⌟ Official product brochure

Learn about this category

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