Reasons Why This Plan Is A Guaranteed¹ Hit!
Good things always come in pairs! Get dual benefits of life insurance and income generation in one plan.
Achieve your financial goals with 4 plan options – Lump Sum, Short Term Income, Long Term Income and Retirement Income
No surprises here! Get guaranteed¹ income even in uncertain times, to secure your future financial needs.
Family Income Benefit option ensures no compromise on your dreams in case of an unforeseen event like Critical illness or Death
Benefits of Premier Guaranteed Income
Income + Protection in 1 plan
This plan can be described as ‘Single Battery Double Power’. Get both - the benefits of protection with life insurance and regular guaranteed¹ income with tax benefits³ through 4 plan options.
4 Plan Options
One size doesn’t fit all! Therefore, this plan offers 4 plan options to give guaranteed¹ income. Edelweiss Tokio Life Premier Guaranteed Income offers the flexibility to select a plan option basis your life goals – Lump sum, Short Term Income, Long Term Income & Retirement Income.
No surprises here! With this plan, get guaranteed¹ returns no matter the circumstance, on your investment. The advantage of this plan is that you know exactly how much you’re getting out of it, so you can plan your future goals accordingly.
Family Income Benefits
We’re always ready to help in any situation! This optional benefit ensures that in case of an unfortunate death or diagnosis of covered Critical Illness, 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 under this benefit - Family Income Benefit on Critical Illness & Family Income Benefit on Critical Illness and Death.
Don’t let financial trouble stop you from your goals!We want you to live your zindagi unlimited, even if you need a little support to do it. That is why Edelweiss Tokio Life Premier Guaranteed Income offers you the choice to avail a loan² for urgent need of cash flow.
We dislike deductions as much as you. The premiums you pay towards this plan are eligible for deductions under section 80(C) and the income you get has tax benefits³ under section 10(10D)
With this rider, you can get a lump sum amount to manage your expenses in case total or permanent accidental disability has hindered your earning capacity.
With this rider, if the proposer of the policy suffers from an unfortunate event like death, disability or critical illness, all future premiums are waived off and the policy continues for the life insured.
Asia's Best Insurance Company Award for CSR Activity & Digital Sales Channel^¹
BFSI Excellence - Life Insurance Company of the Year 2021^²
Best Customer Experience & Contact Center Management - Life Insurance 2021^³
Thanks, all queries resolved in one call to satisfaction. I am rating the services as 10.
Very helpful during call thanks to Ms Ayesha A customer care executive
He was very much clear about the issue and the importance of it.. Thanks rohit
Your customer support is doing excellent job.keep up the good work.
The Customer Care Executive - Ms Afreen Sheikh was very prompt in resolving my query!!
A plan that offers guaranteed¹ returns ensures that you have a source of income, no matter the circumstances. This plan caters to your need for stable wealth accumulation, along with providing protection for your family and giving tax³ benefits. With these benefits, you can ensure your achievement of future goals, whether it be a happy retirement or paying for your child’s education
Edelweiss Tokio Life – Premier Guaranteed Income is a life insurance plan designed to provide a protection to your family from any financial loss in case of an untimely death or diagnosis of covered Critical Illness, and also offers a guaranteed¹ regular income and / or guaranteed¹ lump sum to you and your family, provided all due premiums are paid. It has four plan options to help you customize the plan as per your requirement.
You may want an early retirement which can be enjoyed in style with regular guaranteed¹ income, or it could be an international education course for your child. It would be ideal to invest in a plan which helps you accumulate wealth / generate income via guaranteed returns to achieve these goals, even in your absence.
Yes, all the benefits in this plan are guaranteed¹.
Life Cover is available throughout the policy term, provided all premiums are paid and the policy is in-force.
This plan offers 4 plan options to choose from – Lump sum, Short term Income, Long Term Income & Retirement Income, basis your life goals. You could want an early retirement that you could enjoy in style with regular guaranteed income through the Retirement Income option, or you could gift your child a regular higher education tuition fees through Short Term Income option or Long Term Income option, or it could be an international education course for your child for which you may need a lump sum guaranteed¹ payout.
With all Plan Options, 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.
For all plan options, the Premium Paying Term (PPT) options are 5, 8, 10 & 12.
The policy term for this plan depends on the plan option selected -
For 5 PPT: 10, 15 & 20 For 8 PPT: 10, 15 & 20 For 10 PPT: 12, 15 & 20 For 12 PPT: 15 & 20
Short Term Income
For 8 PPT: 18 For 10 PPT: 22 For 12 PPT: 26
Long Term Income
For 5 PPT: 22, 27, 32 & 37 For 8 PPT: 25, 30, 35 & 40 For 10 PPT: 27, 32, 37 & 42 For 12 PPT: 29, 34 & 39
80 minus entry age
A rider is an additional benefit that you can opt for, to enhance your plan. These are available at a nominal extra cost.
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. Policy loan is subject to terms & conditions of the product. Refer product sales brochure for more details.
You have a period of 15 days from the date of the receipt of the policy document. Policies sold through Distance Marketing & electronic policies 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.
1- This is applicable only if all due premiums are paid and the policy is inforce.
2- Policy loan are 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.
9- Riders are Optional and available at extra cost. Please refer rider brochure for more details.
# - 6.28% is the IRR (Internal Rate of Return) provided Life Insured survives till maturity, calculated for Long Term Income plan option, 30-year old male, single, non-smoker, Policy Term: 39 years, Premium Paying Term: 12 years, Premium Paying Frequency – Annual, Income Benefit Pay-out Frequency – Annual, Lump Sum benefit: Yes, Family Income Benefits – No and annualized premium of Rs. 5 lacs.
IRR (Internal Rate of Return) will change subject to change in the combination of entry age, gender, Plan Option, Policy Term, Premium Paying Term, Premium Paying Frequency, Income Benefit Pay-out Frequency, Lump Sum benefit: Yes/No/Na, Income Benefit Pay-out Type: Level/Increasing/Na, FIB on CI: Yes/No, FIB on CI & Death: Yes/No and Annualized Premium.
^ The Returns will differ since it is calculated basis the age, gender chosen for a healthy non-smoker of policy term of 25 years with premium paying term of 10 years, plan option chosen as ‘Lumpsum’ and the distribution channel is Online Sales.
~ Premium (exclusive of taxes) calculated for 30 year old male, DOB 01/01/1991, non-smoker, for a policy term of 20 years with Rs. 1CR life cover, premium paying term 10 years, payment frequency annually, plan option selected as Lumpsum and the distribution channel is Online Sales.
^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 – Premier Guaranteed Income is only the name of an Individual, Non-Linked, Non-Participating, Savings, Life Insurance Product and does not in any way indicate the quality of the plan, its future prospects or returns. 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 sales brochure carefully before concluding a sale.
IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336. UIN: 147N072V02.