One plan, two income options! Choose your regular guaranteed income from two types – Flexible Income or Large Income. Also, stay protected with a life cover up to age 100.
Option to avail lumpsum pay-out at the time of maturity in addition to regular income. This benefit is available with all plan options.
With Edelweiss Tokio Life Guaranteed Income STAR, complete your premium payments within a limited premium paying term of 5, 8, 10 and 12 years.
Premiums paid are eligible for deductions up to ₹46,800* u/s 80(C) and the income you receive has tax benefits³ u/s 10(10D).
This option ensures your family continues to receive the plan benefits in case of an unforeseen event like Critical illness or Death.
With this plan you can avail policy loan² for urgent need of cash flow. So, no matter what, your future is secured!
Edelweiss Tokio Life - Waiver of Premium rider waives of future premiums in case you suffer from Critical Illness or total and permanent disability due to accident.
The Edelweiss Tokio Life - Accidental Death Benefit Rider gives you extra protection. In case an accident claims your life, your family will get the selected accidental death cover amount in addition to the base life cover amount.
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If you opt for Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider, you’ll get the cover amount you have selected in case an accident causes permanent disability. This takes care of all your immediate expenses such as medications, hospital bills and regular expenses such as EMIs, education fees etc. The base policy continues as usual.
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Under Edelweiss Tokio Life - Critical Illness Rider, if you are diagnosed with one of the 12 specific critical illnesses, you will receive a payout of the critical illness cover you’ve selected. The policy will continue with the base life cover after critical illness claim paid. Term life insurance is for your family’s security but this rider will cover you financially against 12 listed critical illnesses.
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Under Edelweiss Tokio Life - Payor Waiver Benefit, covers 35 critical illnesses. If you are diagnosed with any one of them all your future premiums will be waived off and your policy will continue as usual along with its benefits. So you want have to worry about paying premiums and focus on your health. Select Payor Waiver Benefit
The stock market can often be volatile, so it’s always safe to have a backup plan. A guaranteed return plan offers a pandemic-proof and recession-proof income, that remains unaffected by market conditions. This plan caters to your financial needs for organized wealth accumulation, along with providing protection for your family and giving tax benefits. With these benefits, you can ensure your achievement of future goals, whether it be a relaxed retirement, child’s education, luxury car, or even a dream vacation!
Edelweiss Tokio Life – Guaranteed Income STAR is a savings plan designed to provide guaranteed income, protection to your family from any financial loss in case of an untimely death or diagnosis of a covered Critical Illness, and also offers tax savings up to Rs. 46,800 with premiums paid u/s 80C. It has two different plan options to help you customize the plan as per your requirements.
You may want an early retirement that can be enjoyed in style with a regular guaranteed income, or it could be an international education course for your child. It would be ideal to invest in a plan that helps you accumulate wealth and generate income via guaranteed returns to achieve these goals, even in your absence. Other goals may include finishing off your loans, buying your dream car, house, or planning a foreign trip with your family.
The minimum maturity age is 18 and the maximum maturity age is 100, both as per the last birthdays.
Yes, you can choose to receive your regular guaranteed income with or without the Lumpsum Income option on the maturity date.
Yes, all the benefits in this plan are guaranteed.
There is a Large Premium Discount available, which means you can enhance your guaranteed income amount by aiming for high annualized premium bands, i.e., 1 lac, 2 lacs, 5 lacs or above.
Under the large income option, you can choose to receive your guaranteed income via Level Income or Increasing Income. The Level Income option refers to receiving the same amount each policy year. The Increasing Income option refers to the income amount increasing each policy year by a predetermined multiplier factor.
Life Cover is available throughout the policy term, provided all premiums are paid and the policy is in-force.
This plan offers 2 plan options to choose from – Flexible Income & Large Income. The Flexible Income option offers a regular stream of guaranteed income, called the
‘Income Benefit Pay-out’ starting from the chosen policy year, starting from as early as the 2nd policy year. This is called the ‘Income Start Point’. You will receive your guaranteed income from this policy year till the end of policy term.
The Large Income option offers the choice of receiving your guaranteed income on predetermined policy years after the completion of your premium paying term. You can choose to receive this income via Level Income or Increasing Income option.
With all plan options, there is an additional optional benefit called the Family Income Benefit. This benefit ensures that in case of an unfortunate event of death or diagnosis of a covered Critical Illness of the Life Insured, you and your loved ones don’t have to compromise on your dreams as you/they will continue to receive benefit. There are two options available under the Family Income Benefits - Family Income Benefit on Death or Family Income Benefit on Critical Illness and Death.
For all plan options, the Premium Paying Term (PPT) options are 5, 8, 10 & 12 years.
A rider is an additional and optional benefit that you can choose, to enhance your plan.
Following are the riders available with this plan:
● Edelweiss Tokio Life - Accidental Death Benefit Rider
● Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider
● Edelweiss Tokio Life - Critical Illness Rider
● Edelweiss Tokio Life - Waiver of Premium Rider
● Edelweiss Tokio Life - Payor Waiver Benefit Rider
● Edelweiss Tokio Life - Income Benefit Rider
Yes, you can get a policy loan once policy acquires surrender value.
You have a period of 15 days from the date of the receipt of the policy document. Policies sold through Distance Marketing will have a free look period for 30 days.
In case of death due to suicide within 12 months from the risk commencement date or from the date of revival of the policy, your beneficiary shall be entitled to receive at least 80% of the Total Premiums Paid, provided the policy is in in-force.
Grace period of 15 days, where you pay the Premium monthly, and 30 days in all other cases, is available.
For queries, write to onlinesales@edelweisstokio.in
Contact us on 022 6611 6080
1- This is applicable only if all due premiums are paid and the policy is inforce.
2- Policy loan is subject to terms & conditions of the product. Refer product brochure for more details.
3- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
6 - Income Benefit payouts are paid End of the Year.
9- Riders are Optional and available at extra cost. Please refer rider brochure for more details.
^ Illustration for Life Insured - Age:35-year-old (male) | Annualized Premium: Rs. 5,50,000 (excluding taxes) | Policy term: 40 years | Premium Paying Term: 10 years | Payment Frequency: Annual | Plan Option: Flexible Income | Income Benefit Pay-out Duration: 30 years | Income Benefit Pay-out Frequency: Annual | Lumpsum Benefit: Yes | Employee of Edelweiss: No | Distribution channel: Online | Lumpsum received at the end of 40th policy year: Rs. 57,31,000 | Amount received from 11th to 40th policy year: Rs. 4,78,137 p.a. | Total Amount received by the Policyholder: Rs. 2,00,75,110
* Proceeds of Traditional life insurance plans bought from 1-Apr-23 with aggregate premium over Rs.5Lacs has been proposed to be taxable.
Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider is only an Individual, Non-Linked, Non-Par, Pure Risk Premium, Health Insurance rider. UIN 147B001V03
Edelweiss Tokio Life - Accidental Death Benefit Rider is only the name of an Individual, Non-Linked, Non-Par, Pure Risk Premium, Health Insurance Rider. UIN 147B002V03
Edelweiss Tokio Life - Critical Illness Rider is only the name of the Individual, Non-Linked, Non-Par, Pure Risk Premium, Health Insurance rider. UIN 147B005V03
Edelweiss Tokio Life – Payor Waiver Benefit Rider is only the name of the Individual, Non-Linked, Non-Par, Pure Risk Premium, Life Insurance Rider. UIN 147B014V04
Edelweiss Tokio Life - Waiver of Premium Rider is only the name of the Individual, Non-Linked, Non-Par, Pure Risk Premium, Health Insurance rider. UIN 147B003V04
Edelweiss Tokio Life – Income Benefit Rider is only the name of an Individual, Non-Linked, Non-Par, Pure Risk Premium, Life Insurance Rider. UIN 147B015V01
Edelweiss Tokio Life Insurance Company Limited.
IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336. UIN: 147N073V01 | ARN: LP/3240/Mar/2023
Registered & Corporate Office: 6th Floor, Tower 3, Wing ‘B’, Kohinoor City, Kirol Road, Kurla (W), Mumbai 400070.
Toll Free No.: 1800 212 1212 | Fax No.: +91 22 6117 7833 | www.edelweisstokio.in
Flower & Edelweiss are trademarks of Edelweiss Financial Services Limited; Tokio is Trademark of Tokio Marine Holdings Inc. and used by Edelweiss Tokio Life Insurance Co. Ltd. under license.
Edelweiss Tokio Life – Guaranteed Income STAR is an Individual, Non-Linked, Non-Participating, Savings, Life Insurance Product. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the tax laws. The tax benefits under this Policy may be available as per the prevailing Income Tax laws in India. For more details on risk factors and terms and conditions, please read the sales brochure carefully before concluding a sale.
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