Isn’t it great to have your hopes fulfilled, that too with a guarantee? For example, your salary credited every month from a great place to work, or a plan that gives you a guarantee1 on your income. So, live the full potential of your dreams with stable and assured1 income that grows every 5 years~!
Guaranteed¹ Increment
Regular and guaranteed¹ income with assured incremental growth every 5 years~
Additional Lumpsum
Option to add a lumpsum pay-out to regular guaranteed1 income when your policy matures
Tailor-made Fitting
Flexibility to customize your plan with various choices on policy term & premium payments
Security & Protection
Life cover at least 10X of annualized premium# for entire policy term + 6 Rider9 Options
Guaranteed¹ Increment
Regular and guaranteed¹ income with assured incremental growth every 5 years~
Additional Lumpsum
Option to add a lumpsum pay-out to regular guaranteed1 income when your policy matures
Tailor-made Fitting
Flexibility to customize your plan with various choices on policy term & premium payments
Security & Protection
Life cover at least 10X of annualized premium# for entire policy term + 6 Rider9 Options
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.
* Proceeds of Traditional life insurance plans bought from 1-Apr-23 with aggregate premium over Rs.5Lacs has been proposed to be taxable.
** Illustration for Life Insured - Age:30-year-old (male) | Annualized Premium: Rs. 5,00,000 (excluding taxes) | Policy term: 37 years | Premium Paying Term: 10 years | Payment Frequency: Annual | Income Benefit Pay-out Option : Increasing| Income Benefit Pay-out Duration : 25 years | Income Benefit Pay-out Frequency : Annual | Employee of Edelweiss: No | Distribution channel: Direct Marketing | Lumpsum received at the end of 37th policy year: Rs. 50,00,000 | Amount received from 13th to 17th policy year: Rs. 5,46,935 | Amount received from 18th to 22nd policy year: Rs. 5,74,281| Amount received from 23rd to 27th policy year: Rs. 6,01,628 | Amount received from 28th to 32nd policy year: Rs. 6,28,975 | Amount received from 33rd to 37th policy year: Rs. 6,56,321 | Total Amount received by the Policyholder: Rs. 2,00,40,699
~ ‘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.
^ Illustration for Life Insured - Age:40-year-old (male) | Annualized Premium: Rs. 1,00,00,000 (excluding taxes) | Policy term: 32 years | Premium Paying Term: 10 years | Payment Frequency: Annual | Income Benefit Pay-out Option: Increasing| Income Benefit Pay-out Duration: 20 years | Income Benefit Pay-out Frequency: Annual | Employee of Edelweiss: No | Distribution channel: Direct Marketing | Lumpsum received at the end of 32nd policy year: Rs. 10,00,00,000 | Amount received from 13th to 17th policy year: Rs. 1,07,72,920 p.a. | Amount received from 18th to 22nd policy year: Rs. 1,13,11,566 p.a. | Amount received from 23rd to 27th policy year: Rs. 1,18,50,212 p.a. | Amount received from 28th to 32nd policy year: Rs. 1,23,88,858 p.a. | Total Amount received by the Policyholder: Rs. 33,16,17,780
^^ Illustration for Life Insured - Age:40-year-old (male) | Annualized Premium: Rs. 1,00,00,000 (excluding taxes) | Policy term: 32 years | Premium Paying Term: 10 years | Payment Frequency: Annual | Income Benefit Pay-out Option: Increasing| Income Benefit Pay-out Duration: 30 years | Income Benefit Pay-out Frequency: Annual | Employee of Edelweiss: No | Distribution channel: Direct Marketing | Lumpsum received at the end of 42nd policy year: Rs. 10,00,00,000 | Amount received from 13th to 17th policy year: Rs. 1,05,11,830 p.a. | Amount received from 18th to 22nd policy year: Rs. 1,10,37,422 p.a. | Amount received from 23rd to 27th policy year: Rs. 1,15,63,013 p.a. | Amount received from 28th to 32nd policy year: Rs. 1,20,88,605 p.a. | Amount received from 33rd to 37th policy year: Rs. 1,26,14,196 p.a. | Amount received from 38th to 42nd policy year: Rs. 1,31,39,788 p.a. | Total Amount received by the Policyholder: Rs. 45,47,74,263
*** Illustration for Life Insured - Age:40-year-old (male) | Annualized Premium: Rs. 1,00,00,000 (excluding taxes) | Policy term: 34 years | Premium Paying Term: 12 years | Payment Frequency: Annual | Income Benefit Pay-out Option: Increasing| Income Benefit Pay-out Duration: 20 years | Income Benefit Pay-out Frequency: Annual | Employee of Edelweiss: No | Distribution channel: Direct Marketing | Lumpsum received at the end of 34th policy year: Rs. 12,00,00,000 | Amount received from 15th to 19th policy year: Rs. 1,48,82,510 p.a. | Amount received from 20th to 24th policy year: Rs. 1,56,26,636 p.a. | Amount received from 25th to 29th policy year: Rs. 1,63,70,761 p.a. | Amount received from 30th to 34th policy year: Rs. 1,71,14,887 p.a. | Total Amount received by the Policyholder: Rs. 43,99,73,965
1- This is applicable only if all due premiums are paid and the policy is in-force.
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.
^³ - https://thealdenglobal.com/inflection-conference-awards/
^⁴ Claim statistics are for Financial Year 2021-22 and is computed basis individual claims settled over total individual claims for the financial year. For details, refer to Public Disclosures in our Website.
Edelweiss Tokio Life Insurance Company Limited.
IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336. UIN: 147N077V01. | ARN: LP/3238/Mar/2023
Registered & Corporate Office: 6th Floor, Tower 3, Wing ‘B’, Kohinoor City, Kirol Road, Kurla (W), Mumbai 400070.
Toll Free No.: 1800 212 1212 | Fax No.: +91 22 6117 7833 | www.edelweisstokio.in
Flower & Edelweiss are trademarks of Edelweiss Financial Services Limited; Tokio is Trademark of Tokio Marine Holdings Inc. and used by Edelweiss Tokio Life Insurance Co. Ltd. under license.
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.
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