Line wrap txt file in Intellij

Question

I'm copying some text from notepad over to intellij. Is there any way to get it to wrap when the lines exceed a certain length?

Text in notepad

When I copy it in intellij the line just doesn't wrap:

Text in intellij

Even though I've set line wraps in the settings. Any ideas what I might be doing wrong?

Please note that the file type in intellij is *.txt. It's not a code file.