Premier Guaranteed Income Plan

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Reasons Why This Plan Is A Guaranteed¹ Hit! 

  • Income bhi, Life Cover bhi

    Good things always come in pairs! Get dual benefits of life insurance and income generation in one plan.

  • Customize with 4 Plan Options

    Achieve your financial goals with 4 plan options – Lump Sum, Short Term Income, Long Term Income and Retirement Income

  • Guaranteed¹ Returns

    No surprises here! Get guaranteed¹ income even in uncertain times, to secure your future financial needs.

  • One with the Contingency Plan

    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.

Guaranteed¹ Returns

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.

Loan² Facility

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.

Tax Benefits³

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)

Premier Guaranteed Income Protection Plan
Premier Guaranteed Income Plan Options
Premier Guaranteed Retruns
Premier Guaranteed Income Family Income Benefit
Premier Guaranteed Income Loan Facility
Premier Guaranteed Income Tax Benefits

4 Plan Options

Option 1 – Lump sum

  • Helps create a guaranteed¹ corpus for future. 
  • Maturity Benefit is guaranteed¹. 
  • Choose the Policy Term option available corresponding to the Premium Paying Term. 
  • Premium Paying Term (PPT) options available (in years) – 5 | 8 | 10 | 12. 
  • Policy Term (PT) options corresponding to the PPT above (in years) - 10,15,20 | 10,15,20 | 12,15,20 | 15,20
  • Income Benefit Pay-out not applicable. 
  • Critical Illness Benefit Option available with Family Income Benefit. 

Option 2 – Short Term Income

  • Helps create regular income for short term 
  • Maturity Benefit not applicable. 
  • Income Benefit Payout - a regular stream of income will be payable post 2 years of completion of PPT 
  • Choose the Policy Term option available corresponding to the Premium Paying Term 
  • Premium Paying Term (PPT) options available (in years) – 8 | 10 | 12 
  • Policy Term (PT) options corresponding to the PPT above (in years) – 18 | 22 | 26. This includes the Income Payout duration. 
  • Critical Illness Benefit Option available with Family Income Benefit. 

Option 3 – Long Term Income

  • Helps create regular income for long term 
  • Maturity Benefit applicable if Lump sum benefit opted 
  • Income Benefit Payout - a regular stream of income will be payable post 2 years of completion of PPT. 
  • Choose the Policy Term option available corresponding to the Premium Paying Term 
  • Premium Paying Term (PPT) options available (in years) – 5 | 8 | 10 | 12 
  • Policy Term (PT) options corresponding to the PPT above (in years) – 22,27,32,37 | 25,30,35,40 | 27,32,37,42 | 29,34,39.  This includes the Income Payout duration. 
  • Critical Illness Benefit Option available with Family Income Benefit.
     

Option 4 – Retirement

  • Helps create regular income for retirement.
  • Maturity Benefit applicable on survival. 
  • Income Benefit Payout - a regular stream of income will be payable post 2 years of completion of PPT for 20 years. 
  • Choose the Policy Term option available corresponding to the Premium Paying Term. 
  • Premium Paying Term (PPT) options available (in years) – 5 | 8 | 10 | 12 
  • Policy Term (PT) is 80 minus entry age. This includes the Income Payout duration. 
  • Critical Illness Benefit Option available with Family Income Benefit. 

Choice of 6 Riders⁹

  • Accidental Death Benefit Rider

    This rider provides financial security in the form of an additional life cover to your loved ones in case of demise due to an accident.


  • Accidental Total and Permanent Disability Rider

    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.


  • Critical Illness Rider

    In case you are diagnosed with one of 12 listed critical illnesses, this optional benefit will provide you 100% of the Rider Sum Assured after 30 days of diagnosis.


  • Waiver of Premium Rider

    In case of critical illness, accidental total and permanent disability or death, get all future premiums waived off through this optional benefit.


  • Payor Waiver Benefit Rider

    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.


  • Hospital Cash Benefit

    This rider gives a daily allowance in case you are hospitalized for any necessary treatment of an illness or injury.


Get Guaranteed¹ Income in just 4 steps!

1

Pick the Basics

  • Select your plan option
  • Choose the amount you want to start saving
  • Choose your policy term, premium paying term & frequency (Note-Sum Assured on Death and Sum Assured on Maturity will be determined based on the above inputs plus your age & gender)
2

Customize Your Plan

  • Opt for Family Income Benefit on Critical illness or Family Income Benefit on Critical illness & Death
  • This can be opted for at policy inception only
3

Enhance Your Plan

  • Choose from six riders
  • Get enhanced protection with the rider(s) selected
4

Sit Back and Relax

  • Submit the requested documents
  • Let us verify your details so you can start getting guaranteed income!

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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 2021^³

Here's Why Our Customers Adore Us

Look at what people had to say about our services

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Fire Away Queries

Like teachers say, there are no silly questions

Why should I invest in a guaranteed¹ income plan?

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

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What should I opt for Edelweiss Tokio Life Premier Guaranteed¹ Income plan?

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.

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What goals can I meet with this plan?

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.

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Are all the benefits guaranteed¹?

Yes, all the benefits in this plan are guaranteed¹.

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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 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.

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Are there any additional benefits available?

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.

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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.

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What is the Policy Term for this plan?

The policy term for this plan depends on the plan option selected -

 

Lump Sum

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

Retirement Income

80 minus entry age

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What is a Rider?

A rider is an additional benefit that you can opt for, to enhance your plan. These are available at a nominal extra cost.

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Are there any Riders available?

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. Policy loan is subject to terms & conditions of the product. Refer product sales brochure for more details.

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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 & electronic policies 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

Additional Resources

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.

ARN: WP/2634/Jul/2022

 

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