Guaranteed income Star Customize
"IN THIS POLICY, INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER"
Edelweiss Tokio Life - Guaranteed Income STAR
Reasons Why You’d Say Wah Kya Plan Hai!
Policy Year | Income Benefit Pay-out | Maturity Benefit |
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Reasons Why You’re Bound To Love Us Back
Asia's Best Insurance Company
Asia's Best Insurance Company Award for CSR Activity & digital Sales channel^¹
Life Insurance Company of the Year
BFSI Excellence - Life Insurance Company of the year 2021^²
Best Customer Experience
Best Customer Experience & Contact Center Management - Life Insurance^³
Fire Away Queries
Like teachers say, there are no silly questions
Why should I invest in a Guaranteed Income Plan?
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!
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Why should I opt for Edelweiss Tokio Life – Guaranteed Income STAR?
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
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What goals can I meet with this plan?
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.
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What are the minimum & maximum maturity ages of this plan?
The minimum maturity age is 18 and the maximum maturity age is 100, both as per the last birthdays.
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Is there an option to receive Lumpsum income with this plan?
Yes, you can choose to receive your regular guaranteed income with or without the Lumpsum Income option on the maturity date.
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Are all the benefits guaranteed?
Yes, all the benefits in this plan are guaranteed.
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Are there any Discounts available in this plan?
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.
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What are the Level & Increasing Income options?
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.
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Is the Life Cover available throughout the policy term?
Life Cover is available throughout the policy term, provided all premiums are paid and the policy is in-force.
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How many plan options are available?
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.
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Are there any additional benefits available?
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.
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What is the Premium Paying Term (PPT) for this plan?
For all plan options, the Premium Paying Term (PPT) options are 5, 8, 10 & 12 years.
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What is a Rider?
A rider is an additional and optional benefit that you can choose, to enhance your plan.
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Are there any Riders available with Edelweiss Tokio Life – Guaranteed Income STAR?
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
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Can I get a loan through this plan?
Yes, you can get a policy loan once policy acquires surrender value.
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What is the free look period of this policy?
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.
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Are there any exclusions?
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.
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Do I get any Grace Period?
Grace period of 15 days, where you pay the Premium monthly, and 30 days in all other cases, is available.
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We are always there for you !
For queries, write to onlinesales@edelweisstokio.in
Contact us on 022 6611 6021
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: WP/2315/Feb/2022
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.
BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRAUDULENT OFFERS IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint |