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Edelweiss Tokio Life – Premier Guaranteed STAR
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~!
More Reasons to Love this Plan
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
More Reasons to Love this Plan
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
Choice of 6 Riders⁹
What Makes Edelweiss Tokio Life Your Ideal Partner?
99.20% Claim Settlement Ratio^⁴
Our Promise of Integrity - 99.20% Claim Settlement Ratio for FY 2023.
Best Customer Experience
Customer Experience Excellence in CX 2022 – Economic Times CX Summit^³
What Makes Edelweiss Tokio Life Your Ideal Partner?
99.20% Claim Settlement Ratio^⁴
Our Promise of Integrity - 99.20% Claim Settlement Ratio for FY 2023.
Best Customer Experience
Customer Experience Excellence in CX 2022 – Economic Times CX Summit^³
Fire Away Queries
Like teachers say, there are no silly questions
Why should I invest in a guaranteed¹ income plan?
There are several reasons why you may want to consider investing in a guaranteed income plan:
- Security: With a guaranteed income plan, you can have peace of mind knowing that you will receive a fixed, predetermined income regardless of market conditions.
- Predictability: With a guaranteed income plan, you can plan your future financial goals with confidence, as you will know exactly how much income you will receive.
- Flexibility: Some guaranteed income plans offer flexibility in terms of the payment schedule and duration of the plan, allowing you to customize the plan to fit your needs.
- Tax benefits3: Some guaranteed income plans may offer tax benefits, allowing you to potentially save on taxes while also receiving a steady income.
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.
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Why should I opt for Edelweiss Tokio Life Premier Guaranteed¹ STAR plan?
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.
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What goals can I meet with this plan?
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:
- Meeting basic living expenses: A guaranteed income plan can provide a reliable source of income to cover your day-to-day expenses, such as rent or mortgage payments, groceries, utilities, and other bills.
- Saving for retirement: By receiving a steady income from a guaranteed income plan, you may be able to save for your retirement and create a more secure financial future.
- Funding education: A guaranteed income plan can be a useful way to save for education expenses, such as tuition, fees, and other costs associated with higher education.
- Planning for a major purchase: With a guaranteed income plan, you may be able to save and plan for a major purchase, such as a home or a car, by setting aside a portion of your income each month.
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.
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Are all the benefits guaranteed¹?
Yes, all the benefits in this plan are guaranteed¹.
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What is the lowest premium that can be paid for this plan?
You can start your savings at just ₹4,400 per month with this plan.
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What is the minimum and maximum entry age for this plan?
The minimum entry age for the policy holder is 0 years for this plan.
The maximum entry age is 65 Years.
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What is the minimum and maximum sum assured for this plan?
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)
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Is the Life Cover available throughout the policy term?
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.
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What is the Premium Paying Term (PPT) for this plan?
This product offers Premium Paying Term (PPT) options of 5 Pay, 8 Pay, 10 Pay and 12 Pay.
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What is the Policy Term for this plan?
The Policy Term (PT) options available will depend on the PPT option chosen by the policyholder as mentioned below.
- For Premium Paying Term (PPT) 5, Policy Term will be 22, 27, 32 & 37 Years
- For Premium Paying Term (PPT) 8, Policy Term will be 20, 25, 30, 35 & 40 Years
- For Premium Paying Term (PPT) 10, Policy Term will be 22, 27, 32, 37 & 42 Years
- For Premium Paying Term (PPT) 12, Policy Term will be 24, 29, 34, 39 & 44 Years
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What are the modes of Premium Payment available?
Mode of premium payment available with this plan are - Annual, Half Yearly, Quarterly & Monthly.
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What are the modes of Income Payout Frequency?
Income Payout Frequency can be - Annual, Half Yearly, Quarterly & Monthly.
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What is Maturity Benefit in this plan?
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.
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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 – Hospital Cash 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.
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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. In case of electronic policies and policies sold through distance mode 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 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
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Do I get any Grace Period?
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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Related Videos
* 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 2022-23 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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