- Full NameSachiananda Prasad Reddy
- Your IncomeLess than 5 Lacs
- Mobile Number+ 91 9876543210
- Your Age29
Plan Details
Edit Basic Details
Edelweiss Tokio Life - Guaranteed Savings STARSavings Plan That Makes Your Har Sapna Poora!
- Returns as you like!
With the flexibility to receive guaranteed¹ returns as a lumpsum at maturity or in a regular stream of 5-year equal instalments, you can achieve your future goals, such as buying your dream house, investing for your child's higher education, and so on.
- Enhanced Cover for Your Family!
Now enjoy high sum assured to protect your loved ones. Two plan options, Base or Enhanced cover, to cater to your family’s future financial protection needs with 10x⁵ or 20x the premiums⁴, respectively.
- Added Family Income Benefit!
This option ensures your family continues to receive the plan benefits in case of an unforeseen event like critical illness or death.
- Tax Benefits³ for the Win!
Premiums paid for the plan are eligible for deductions up to ₹64,116* u/s 80(C) and the returns you receive has tax benefits³ u/s 10(10D).
- 6 Rider Options⁹ to choose from!
Why settle for just one additional benefit? Select from six riders for financial security against hospitalization, accidents, etc.
Waiver of Premium
Download BrochureEdelweiss 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.
Accidental Death Benefit
Download BrochureThe 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.
@ ₹ 0
Accidental Total and Permanent Disability
Download BrochureIf 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.
@ ₹ 0
Critical Illness
Download BrochureUnder 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.
@ ₹ 0
Payor Waiver Benefit
Download BrochureUnder 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
Your-plan
Total guaranteed ¹ benefits
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 savings plan?
A savings plan is a perfect choice for someone who wants to save and accumulate funds for the future. Also, the tax benefits3 and life cover elements make them suitable for the financial future of your family. Savings plans help you create financial discipline in your life. Along with the insurance coverage, the plan will also provide you with maturity benefits. With the guaranteed returns from the plan, you can easily plan and fulfil your long-term and short-term goals.
Why should I opt for Edelweiss Tokio Life – Guaranteed Savings STAR?
Edelweiss Tokio Life – Guaranteed Savings STAR is a savings plan designed to provide guaranteed savings, protection to your family from any financial loss in case of an untimely death or diagnosis of a covered Critical Illness. The plan also offers tax savings up to Rs. 64,116^^ with premiums paid u/s 80C and maturity under 10(10D). It has two different plan options – base and enhanced, to help you customize the plan as per your requirements.
What goals can I meet with this plan?
This plan helps youngsters and first-time investors to set aside regular savings as small as Rs 6000 annually from their income for wealth creation and tax-benefits3. Be it a working woman, salaried professional, self-employed or businessman, this plan provides you a boost to fulfil your goals. With a savings plan you can achieve your child's life goals like education or marriage with the help of the lump income received, for your child's key milestones. This plan also eliminates the uncertainty of future income, so you have a corpus for peaceful retirement.
Are all the benefits guaranteed?
Yes, all the benefits in this plan are guaranteed.
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.
How many plan options are available?
The product offers following two Plan Options. The Policyholder needs to select one of the Plan Options at inception – Base and Enhanced Cover.
Are there any additional benefits available?
With ‘base’ plan option, there is an additional optional benefit of Family Income Benefits. This benefit ensures that in case of an unfortunate event of death or diagnosis of 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 Benefits on Critical Illness and Family Income Benefits on Critical Illness and Death.
What is the Premium Paying Term (PPT) for this plan?
For the Base Cover option, the Premium Paying Term (PPT) options are 5, 8, 10 & 12 years. However, if you plan to go for the Enhanced Cover option, the Premium Paying Terms (PPT) are 8, 10 and 12 years.
Can I get a loan through this plan?
Yes, you can get a policy loan once policy acquires surrender value.
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.
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.
What is a Rider?
A rider is an additional and optional benefit that you can choose, to enhance your plan.
Are there any Riders available with Edelweiss Tokio Life – Guaranteed Savings 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
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.
What is the minimum and maximum premium of this plan?
The minimum premium for annual mode is Rs 24,000, for semi-annual mode is Rs. 12,288, for quarterly mode is Rs. 6,240 and for monthly is Rs. 2,112. There is no limit for maximum premium and is subject to board approved underwriting policy.
What is the minimum entry age to buy the plan?
The minimum entry age without Family Income Benefit is 0 years and with Family Income Benefit is 18 years.
We are always there for you ! For queries, write to onlinesales@edelweisstokio.in
Contact us on 022 6611 6044
Disclaimer
1- This is applicable only if all due premiums are paid and the policy is inforce.
2 - The minimum premium amount under this plan is ₹ 500/- per month when bought online. The premium amount is applicable when premium payment mode is selected as annual. The minimum premium for annual mode is consistent with minimum sum assured on death available under the product. For other than annual mode, the minimum premium is consistent with minimum premium for annual mode after allowing for modal factors.
3- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
4 – On selecting plan option Enhanced Cover, the Sum Assured on Death at any point of time, provided the policy is in-force is highest of: - 20 times the annualized premium or any absolute amount assured to be paid on death or 20 times the annual premium. Annualized Premium shall be the premium amount payable in a year chosen by the Policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any. Annual Premium shall be the premium payable in a year chosen by the Policyholder, including loadings for modal premiums and the underwriting extra premiums, if any but excluding the taxes, rider premiums, if any.
5 – On selecting plan option Base Cover, the Sum Assured on Death at any point of time, provided the policy is in-force is highest of: - 10 times the annualized premium or any absolute amount assured to be paid on death or 10 times the annual premium. Annualized Premium shall be the premium amount payable in a year chosen by the Policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any. Annual Premium shall be the premium payable in a year chosen by the Policyholder, including loadings for modal premiums and the underwriting extra premiums, if any but excluding the taxes, rider premiums, if any.
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.
*Applicable where the taxable income exceeds Rs. 5 crores. Tax benefit of ₹ 64,116 is calculated at highest tax slab rate of 30% (in addition to income tax, a surcharge of 37% is applicable where the Taxable Income exceeds 5 Crores) on life insurance premium u/s 80C of ₹ 1,50,000. As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
^¹ - Festival Of Insurance Awards 2020 on Sahara Samay Hindi News Channel on 27th December, 2020 - YouTube. For CSR Activity and Digital Sales Channel (Insurance Alerts Excellence Awards 2020)
^² - https://cloud-user-recordings-ffmpeg-converted-prod.s3-ap-south-1.amazonaws.com/recordings/ccd117b0-be48-11eb-9782-b590083730e8/3b7e25a3-b9b4-47b0-9f68-70eeb8062d60/ccd117b0-be48-11eb-9782-b590083730e8_0001_474830a2.mp4 (Quantic Business Media)
^³ - https://thealdenglobal.com/inflection-conference-awards/
Edelweiss Tokio Life - Guaranteed Savings STAR is a Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan. 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 sales brochure carefully before concluding a sale.
IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336. UIN: 147N074V01.
ARN: WP/2588/Jun/2022
