Reasons Why This Plan is a Guaranteed¹ STAR!
Survival benefits in the form of Income Benefit Payouts during the policy term at predetermined intervals
Plan for your family's financial stability with guaranteed¹ income, life cover, and survival benefits
Flexibility to tailor your plan with various Policy Term, Premium Payment Term options, and Lumpsum Benefit at Maturity
Option to add riders⁹ to enhance your protection at an additional premium
Benefits of Premier Guaranteed STAR
Income Benefit Payouts
Grow your future income, step by step! This product offers survival benefits in the form of Income Benefit Pay-outs during the policy term starting from the third policy year falling after the completion of premium paying term and will be payable income till maturity or death of the Life Assured, whichever is earlier, while the policy is in-force. In addition, you also have an option to get lumpsum at maturity.
Certainty in Uncertain Times
No surprises here! With this plan, get guaranteed¹ returns no matter the circumstances. 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.
Customize Your Plan
Get in control of your plan! Choose from Premium Paying Term (PPT) options of 5 Pay, 8 Pay, 10 Pay and 12 Pay. At inception of the policy, you have the flexibility to choose Lumpsum Benefit as yes if you wish to get a lumpsum benefit at maturity, policy term, premium paying frequency, income duration and income payout frequency (annual, half yearly, quarterly or, monthly).
With Your Family, Always
Protection for your loved ones! Secure your family’s future with the benefit of at least 10X life insurance coverage of annualized premium#, that too throughout the policy duration.
Maximize Your Savings
Make the most of your investment while also saving on taxes! Premiums paid are eligible for tax benefits3 under section 80C, and both the income received, and the maturity benefit is eligible for tax benefits3 under section 10(10D).
Loan² Facility for Emergency Needs
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 STAR offers you the choice to avail a loan² for urgent need of cash flow, once the policy acquires surrender value.
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.
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.
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.
In case of critical illness, accidental total and permanent disability or death, get all future premiums waived off through this optional benefit.
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.
This rider gives a daily allowance in case you are hospitalized for any necessary treatment of an illness or injury.
We want to enable our customers to achieve their financial goals and be financially secured.
We have the expertise in making you grow your wealth.
We constantly innovate our offerings to get better results to secure your future.
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!!
There are several reasons why you may want to consider investing in a guaranteed income plan:
Overall, a guaranteed income plan can provide a secure, predictable, and potentially tax-advantaged source of income, which may be appealing for those looking to ensure financial stability and security.
Edelweiss Tokio Life Premier Guaranteed STAR is a life insurance plan designed to provide protection to your family from any financial loss in case of an untimely death. The plan also offers a guaranteed¹ regular income and / or guaranteed¹ lump sum to you and your family, provided all due premiums are paid.
A guaranteed income plan can be a useful tool to help you achieve a variety of financial goals. Some potential goals that you may be able to achieve with a guaranteed income plan include:
Overall, a guaranteed income plan can be a useful tool to help you achieve a variety of financial goals, depending on your individual needs and circumstances.
Yes, all the benefits in this plan are guaranteed¹.
You can start your savings at just ₹4,400 per month with this plan.
The minimum entry age for the policy holder is 0 years for this plan.
The maximum entry age is 65 Years.
Minimum sum assured with this plan is ₹5,00,000 and there is no limit on maximum sum assured (subject to Board Approved Underwriting Policy)
Yes, Life Cover of at least 10 times annualized premium# on individual life depending on the annualized premium chosen is available throughout the policy term, provided all premiums are paid and the policy is in-force.
This product offers Premium Paying Term (PPT) options of 5 Pay, 8 Pay, 10 Pay and 12 Pay.
The Policy Term (PT) options available will depend on the PPT option chosen by the policyholder as mentioned below.
Mode of premium payment available with this plan are - Annual, Half Yearly, Quarterly & Monthly.
Income Payout Frequency can be - Annual, Half Yearly, Quarterly & Monthly.
If ‘Lumpsum Benefit’ is chosen: If the Life Assured survives till the end of the policy term, Sum Assured on Maturity (as defined below) will be payable on the maturity of the policy along with the last Income Benefit Pay-out instalment as per the applicable Income Benefit pay-outs and policy will terminate without any further benefit.
Sum Assured on Maturity = Maximum of (10, PPT) times the Annualized Premium#
If ‘Lumpsum Benefit’ is not chosen:
If the Life Assured survives till the end of the policy term, no maturity benefit is payable however, last Income Benefit Pay-out instalment will be payable as per the applicable Income Benefit pay-outs and the policy will terminate without any further benefit.
Please note: The Lumpsum benefit option must be chosen only at inception of the policy and once opted cannot be changed during the policy term. The amount of Income Benefit Pay-out will depend on whether the policyholder has opted for the Lumpsum benefit or not.
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:
Yes, you can get a policy loan once policy acquires surrender value.
You have a period of 15 days from the date of the receipt of the policy document. In case of electronic policies and policies sold through distance mode will have a free look period for 30 days.
In case of death due to suicide within 12 months from the date of commencement of risk or from the date of Revival of the policy, as applicable, the Nominee or Beneficiary of the Policyholder shall be entitled to at least
80% of the total premiums paid till the date of death or the Surrender Value available as on the date of death whichever is higher, provided the policy is in-force.
Grace period of 15 days, where you pay the Premium monthly, and 30 days in all other cases, is available.
For queries, write to firstname.lastname@example.org
Contact us on 022 6611 6040
~ ‘Income Benefit Pay-out’(expressed as a % of Annualized Premium) is a regular stream of income payable as survival benefits during the ‘Income Duration’. The amount of Income Benefit Pay-out will increase by 5.00% after every 5 policy years (on simple basis).
#: 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.
1- This is applicable only if all due premiums are paid and the policy is inforce.
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.
Edelweiss Tokio Life – Premier Guaranteed 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 sales brochure carefully before concluding a sale.
IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336. UIN: .147N077V01