Wealth Ultima – A New Age ULIP

Wealth Ultima – A New Age ULIP

 By Somali K Chakrabarti

In life, as in chess, forethought wins. ~ Charles Buxton

The birth of a healthy daughter was a happy occasion for Rakesh Prasad and his wife Ravina.  Along with the couple, their respective parents were also ecstatic with joy at the arrival of the little one. By the time the child was barely 3 days old, the grandparents were already talking about what the little girl would be when she grows up. Rakesh’s parents wanted their granddaughter to be a doctor, Ravina’s father wanted her to be a lawyer, while her mother wanted the child to be a fashion designer.

Rakesh was getting a little weary of all these discussions. Several thoughts began to play in his mind. In a time span of 20 years, his daughter will be ready for college. They would need to plan adequately for her future. He shared his thoughts with his wife, who was already thinking of putting aside some money into fixed deposits. Rakesh was more inclined towards mutual funds. Like any other well-settled young man, he wanted to gain from the uptrend in the market. Though he was financially savvy, the couple had a busy life, which left them very little time or interest to manage their investments.

At 32 years of age, Rakesh was working as a mid-level manager in one of the Indian companies. His wife was a teacher in school. The family’s income was sufficient to support their lifestyle. Nonetheless, he would need to plan ahead to provide for their child’s future aspirations, while also planning for any contingency. The question that arose before them was what would be an appropriate solution to address their financial needs in the long future, say after 20 – 25 years.

With a steady income in hand, Rakesh can afford to invest regularly, and though he wants his money to grow, but he does not have the time to track or move his investments on a regular basis. He plans to stay invested for a long term (say 20 years or more). Keeping in view, his needs and his long term investment, Rakesh deliberated over some plans and finally decided to go for Edelweiss Tokio Life – Wealth Ultima.

Let’s look briefly at the product, and then understand his reasons for selecting the plan over other instruments.

Edelweiss Tokio Life – Wealth Ultima

Edelweiss Tokio Life – Wealth Ultima is a New-age ULIP designed to help people accumulate, preserve and utilise their wealth as per their needs. It is a systematic ULIP plan that enables people to protect themselves against the uncertainties of life and create long-term wealth.

In the case of unfortunate demise of the Policyholder, the beneficiary receives a lump sum amount. On survival of life insured, fund value is payable at the end of policy term. The policyholder can receive the maturity proceeds in a lump sum or in instalments. Please note that the investment return is linked to market performance.

Why should I invest in a ULIP?

Investment discipline

A Systematic Monthly Investment plan not only safeguards from erratic market movements but also induces investment discipline. Though Mutual funds also offer Systematic Investment Plan (SIP) that require you to habitually invest at regular intervals, but if you do not pay there are no penalties involved. Rakesh knew that in order to avoid the policy from getting lapsed, he would have to pay the premium by the due date.

Flexibility with Systematic transfer and systematic withdrawal option

By transferring the money from equity to debt, Wealth Ultima allows for preserving the gains. Rakesh could also opt for systematic withdrawal that would allow him to receive a certain amount each month to take care of regular expenses at a later stage.    

Tax savings on returns

Though the Unit Linked Insurance Product has a lock-in period of 5 years in which he would not be able to withdraw, the final amount at maturity is tax-free, which would be a big saving for him as well as for the nominee. On the other hand, for Long term/ short term capital gain taxes are applicable for mutual funds.

Cost and transparency

The cost in Wealth Ultima is lesser than most other leading investment avenues. For a policy term of 20 years, the total cost (including mortality charges and service tax) works out to be 1.07%, assuming an annual premium is Rs 1L for a person aged 35 years.  

Besides, the plan has Loyalty, Booster and Guaranteed additions, which reward the insurer for continuously paying premiums, staying invested, enhance the fund value and reduce the total cost.

All the charges, options and benefits are clearly mentioned on the site https://www.edelweisstokio.in/product/planned-future/wealth-ultima.


Higher Returns in the Long Term

In the long term (around 20 years or more), ULIPs have the potential to outdo Mutual funds in terms of return. So, for a person like Rakesh, with a long-term horizon, ULIP may be more suited as compared to mutual funds.

Life is like a game of chess. To win you have to make a move. Knowing which move to make comes with insight and knowledge. ~ Allan Rufus


This post is written in collaboration with Edelweiss Tokio Life and Blogmint.

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Kanha : A jungle safari in the forest of Mowgli- Part 3

Kanha : A jungle safari in the forest of Mowgli- Part 3

 By Somali K Chakrabarti


Continued from Kanha: A jungle safari in the forest of Mowgli- Part 2

Part 1 can be found here: Kanha: A jungle safari in the forest of Mowgli- Part 1

Afternoon Safari

The second safari was in the afternoon. The zone allotted for our safari was Kanha. The gate, this time was far off from the resort. It would take about an hour to reach the forest.

We started at 2.30 p.m.  The hot afternoon Sun was radiating its intense fury in the form of oppressive heat. With a scarf and hat on my head and a wet towel over my face, I endured the gruelling heat and the dry hot wind in the open gypsy. Somehow we managed to reach the forest gate.

Inside the forest, it was much more manageable as the shadowy trees absorbed much of the heat. A stray hare or two would suddenly cross the road, and jungle fowl would crow cock – a- doodle –do every now and then.  During the drive, we caught the sight of birds such as the Black drongo, Golden oriole, White-rumped shama, Kingfisher and Indian rollers hovering between the trees.


bird by the lake


Barasinga Deer

While passing by one of the meadows, we saw a mixed herd of spotted deer and barasinga (swamp deer). Barasinga, the State animal of Madhya Pradesh is an endangered species and is endemic to Kanha. A full adult male stag has “twelve-tined” antlers, which are shed and regrown every year. The species has restricted food preferences, it feeds only on grass and does not eat leaves, shoots or fruits, and the female of the species gives birth to only one fawn after a gestation period of about nine months. The special biology and ecology of this deer, coupled with external factors may increase the likelihood of the population going extinct. To ensure their survival and safeguard against extinction, the Forest Department has made efforts to translocate them to other reserves as a part of the wildlife conservation effort.

A pair of antlers was lying on the ground. Our guide reiterated that visitors are not allowed to collect or carry anything that belongs to the forest. He showed us some tree trunks with scratch marks that were left by the male tiger, as a means to mark his territory.

We again waited by the side of a water body, which looked more or less like a scene drawn out of a fairy tale. A herd of spotted deer was drinking water from the lake, some egrets and ibis were wading in water, and monkeys were jumping on the trees.  Just by the side, was a flashy peacock crowing hoarsely and spreading its plume in a desperate bid to attract the attention of its mates. The peahens, didn’t seem to be in a mood to oblige though.


The sight was so captivating that we kept on watching the dynamics of the animals around the lake. Our guide was entrusted with the job of watching out for any signals or forewarning calls of the tiger. When he could hear none, we decided to move on, but not before we had spent more than half an hour by the lake.

In one part of the forest, there were many butterflies. As our jeep moved, the butterflies kept flying alongside, giving us the feel of a continued journey through the fairy land. While traversing through the zone, we stumbled upon a herd of nilgai, bisons, wild boars, and a jackal, and caught a peek of a variety of colourful birds such as the Scarlet minivet, Golden fronted leaf bird, Purple sunbird, and White-rumped vultures.


The driver would habitually slow down at each fire line in the hope of catching a glimpse of the ruler of the jungle. Though sometimes our guide spotted pug marks on the road, however, there was no sighting of the real tiger. At around 5.30 pm, the guide told us that we would soon have to start retreating as we were deep inside the forest and it would take almost 45 minutes to reach the gate. By now, the weather was pleasant and breezy, but the fact that we still did not have a single tiger sighting in our second safari trip left us with pining for the big cat.


Tiger Sighting

However we tried to convince ourselves that we had experienced the beauty of the jungle, but we knew that the safari would remain incomplete without a tiger sighting. The exuberant voices of our friends after they had seen the tiger and her cubs, echoed in our ears and a few questions repeatedly popped up during the conversations.

“Have they sighted another big cat today?”

“What will we tell them now?”

We had almost given up the hopes!

Just as the jeep negotiated a curve on the road, the guide told the driver to stop, and he pointed his finger to the side right in front of turn. Lo! There was a tiger right there facing the jeep and walking on the road towards us. My heart skipped a beat at the sight of the elusive creature, who seemed to have appeared out of the blue, at a distance so close.

On seeing the jeep, the tiger deflected towards the bush. The guide instructed the driver to stop and reverse the jeep, so that the tiger would come back on the road. He was right! There she was out on the road, and continued with her majestic walk. How beautifully he understood the psyche of the animal!

In a hushed tone, our guide told us that she was a tigress, with four cubs.  Overwhelmed, and with a mixed feeling of surprise and awe, we watched her stride confidently towards the jeep, as if to claim her right of way in the jungle.

At one point, where there was a turn and the road was wide enough, the jeep stopped and we waited for her to cross over. This was a rare sighting and a lifetime opportunity for us, as we looked on with astonishment at the majestic gait of the Tigress, who, luckily for us, seemed to ignore our presence completely. I thought she might be looking for her cubs.

Brimming with excitement on seeing a tiger in its natural habitat from such close quarters, none of us in the Gypsy wanted to miss the opportunity to click it.

At Kanha

The sighting made my day. The moment is etched in my memory forever.  As we left, we were gloating with delight that no one could have had a better sighting than what we had. Our score with the other group was even or better now. We enjoyed the beautiful sunset on our way out, seeing a sloth bear digging an anthill.

At the gate we eagerly waited for Group 2 to join us, so that we could share our moments of the rare encounter. As we saw them approaching we just couldn’t hold ourselves and rattled out the story.

“We were right behind you at a distance. After you had left, the lady later sat on one side of the curved road calling out to her cubs, who came out one by one from the bushes to cuddle up to the mother. It was like seeing a grand family reunion, of a mother tiger and her five grown up cubs.”

Tiger and cubs
Picture credit: Puneet Madan

Happiness is relative. Our excitement shrunk like a punctured balloon.

Unbelievable as the story sounded, the pictures of the royal family gathering proved that it was true. The score remained uneven, and could not be matched in the next two days. In the forest, I learnt anew that comparison doesn’t help, especially in a jungle sojourn.

We came back to Mumbai with many happy memories of the trip.

—-The End—

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Kanha : A jungle safari in the forest of Mowgli- Part 2


 By Somali K Chakrabarti


Continued from Kanha : A jungle safari in the forest of Mowgli- Part 1

Morning Safari

At 5 AM in the morning, there was a slight nip in the air. We had a cup of tea and were ready to leave for the morning safari. Two jeeps were booked for our group of 8 people, with each jeep accommodating four people, and a driver. As we got into the Gypsy earmarked for us, the attendants handed out blankets to us. The jungle, they said, is cold in the morning.

And, so we set out for our jungle sojourn.

The National park is divided into 4 zones – Kanha, Kisli, Mukki and Sarhi.

It took us around 15 minutes to reach the Mukki Gate. As early as 5.30 AM, there were already 8-10 vehicles lined in front of us. At the gate, a guide from the Forest Department accompanied us on the Gypsy and we entered the Kisli Zone.

As soon as we entered the forest, we could feel the fresh morning breeze. On either of the road were sal and bamboo forests, with an undergrowth of wild grass and thorny bushes. We could hear different bird songs coming from the trees. The guide made sure that we caught a glimpse of a bird called the Racket- tailed drongo, which was flying around from tree to tree, and a pair of owls peering out of a tree hole.

Thereafter, the road diverged and the two jeeps went on different routes, and soon we lost sight of our friends.

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Kanha : A jungle safari in the forest of Mowgli- Part 1

Kanha : A jungle safari in the forest of Mowgli- Part 1

 By Somali K Chakrabarti


Summer, they say, is the best season for wildlife sightings. The scorching summer heat dries up the water sources in the forests, affecting the animals and birds. So, these denizens of the forest frequently gather around the waterholes to quench their thirst, after those are refilled by the Forest Department.

 “A good tiger sighting would more than make up for the sweltering heat.

This piece of advice from a trusted friend made us agree to plan for a Jungle Safari to Kanha National Park, in Madhya Pradesh, in the month of April last year. We knew that the trip would require us to brave the soaring mercury levels.

A thrilling sensation of adventure took over as we as we set out for our trip to Raipur from Mumbai. We would soon be heading for the jungle, which provided the inspiration for the tales of Mowgli and Bagheera in Kipling’s Jungle Book.


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The insurance covers that you should opt for when you start your career


By Somali K Chakrabarti

Landing with a first full-time job is an exciting and memorable occasion, no matter who you are or where you live. You’re perhaps in your twenties, recently graduated or maybe you’ve done your masters, and now you have embarked upon the professional journey. The thrill of getting disposable income in your hand makes you want to spend it lavishly. You’re in an upbeat mood, and do not you may not want to be weighed down by serious issues. Things like insurance may not interest you at the moment, rather it may seem like something that can surely be put off for a later date. But should it be?

Here are three reasons that tell you why you should buy insurance right at the onset of your career.QuoteonInsurance

  1. Life and health insurance get increasingly more expensive with age. Insuring early in your life also means that you save money by locking in a lower premium amount for the rest of your life.
  2. In your twenties, your liabilities are comparatively less, and so it is easier to develop the discipline of setting aside a part of your income for the insurance premium.
  3. Insuring early in life makes you financially savvy, and protects your and your family’s financial interests from risks and uncertainties.

To know what covers you should opt for, kindly click the link below, and read the rest of the post.



To know about different Health covers that one needs at different stages of life,  you may refer to the following article:

Health Insurance cover you must get at different stages of life

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Sarojini Naidu – The Poetess and Freedom Fighter of India


By Bhudeb Chakrabarti


The Coromandel Fishers

Rise brothers rise; the waking skies pray to the morning light.
The wind lies asleep in the arms of the dawn like a child that has cried all night.
Come, let us gather our nets from the shore and set our catamarans free,
To capture the leaping wealth of the tide for we are the Kings of the sea

No longer delay, let us hasten our way in the track of the sea gull’s call,
The sea is our mother, the cloud is our brother, the waves are our comrades all.
What though we toss at the fall of the sea where the hand of the sea-god dares
He who holds the storm by the hair, will hide in his breast our lives.

Sweet is the shade of the coconut glade, and the scent of the mango grove,
And sweet are the sands at the full of the moon with the sound of the voices we love;
But sweeter, O brothers, the kiss of the spray and the dance of the wild foam’s glee;
Row brothers row to the edge of the verge, where the sky mates with the sea.


Many of you, who have studied in different parts of India may recall having read this poem in school. This poem was included in my English syllabus too. The poetess is none other than Sarojini Naidu, one of the greatest poets of India, whose 138th birth anniversary is being celebrated today as the National Women’s Day.


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Jaipur: My solo trip – Part II

Jaipur: My solo trip – Part II

 By Somali K Chakrabarti


Continued from Jaipur: My first impressions.

Jantar Mantar

Jantar Mantar” meaning “instruments for measuring the harmony of the heavens” is situated right opposite the City Palace in Jaipur. Coming out of the gates of City Palace, I stopped at the ticket window to purchase the entry tickets to the observatory.

As I entered I found that the observatory complex is a large one, and has a collection of several (19 in all) architectural astronomical instruments that had been constructed in the early 18th century, with stone, marble and bronze. These devices were used to measure time and space, and for observing the astronomical positions of planets and stars. One of the instruments was the world’s biggest stone sundial, which gives the local time with an accuracy of 2 seconds.




Of particular interest to me were twelve instruments, known as Zodiacic Circles, which were used for measuring the latitude and longitude of celestial bodies. There are twelve such instruments corresponding to each zodiac sign.

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Jaipur: My first impressions


 By Somali K Chakrabarti


On the last post ‘Why women should travel alone at least once,’ many readers shared their valuable thoughts, highlighting things that may seem obvious but nonetheless are very crucial for female travelers.

Mabel Kwong, who is an avid traveler, pointed out that while preparing for solo travel, she plans very thoroughly and checks out if the place has been in news recently for any wrong reasons. I couldn’t have agreed more.

Monica, a travel consultant understands the initial fear of some of her clients to travel solo, and feels happy when she helps them to overcome their fear. Jennifer Jeneu finds solo travel empowering. Em Aboard believes that you definitely take in your surroundings much more when you travel alone.

Travelling solo helps us to connect with self and the surrounding with equal vigour,’ says Nihar Pradhan.

True that! Being in a different place and in a different context helps us to see things in a new light, and being on our own makes us more perceptive to our surroundings. Based on our perceptions of the place, we form our impressions of the place.

In this post, I share my impressions of the city of Jaipur, while on the solo trip.


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