Money & Banking

Edelweiss Tokio Life launches a ULIP, Wealth Ultima

PTI Mumbai | Updated on January 12, 2018 Published on January 17, 2017

Private insurer Edelweiss Tokio Life Insurance today announced the launch of — Wealth Ultima — a market-linked plan.

The ULIP product is a combination of systematic monthly plan (SMP), that helps accumulate wealth, systematic transfer plan (STP) that helps in wealth preservation and systematic withdrawal plan (SWP), which helps in wealth utilisation, the company said in a release issued here.

“With this innovative addition to our bouquet of need-based offerings, Wealth Ultima aims to savour a sense of freedom that is evoked, when one feels that he has chosen the right path of creating wealth,” Edelweiss Tokio Life Managing Director and CEO Deepak Mittal said.

Edelweiss Tokio Life is a joint venture between the Edelweiss Group and Tokio Marine Holdings of Japan.

Published on January 17, 2017
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