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 -

 

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

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.