Edelweiss Tokio Life launches ‘Guaranteed Income Star,’ a customizable income solution
04 Apr 2022
- A guaranteed income solution, flexible and customisable to customers’ needs
- Income stream can begin as early as 2nd year onwards
- 6 optional riders that offer additional protection to your income stream
- Lumpsum benefit option available at maturity
Mumbai, 04 April, 2022: Accounting for the increasing need for customizable financial solutions, Edelweiss Tokio Life Insurance has launched Guaranteed Income Star, an income solution that helps address individual’s short and long-term financial goals.
This non linked, non-participating life insurance plan is designed to provide financial stability to policy holders by ensuring future income requirements with the dual benefits of savings and protection.
Commenting on the new product, Subhrajit Mukhopadhyay, Executive Director, Edelweiss Tokio Life Insurance said, “There is a strong need right now for solutions that offer protection, a steady income, and help individuals secure their long-term financial goals against temporary market movements. Through this product, we intend on bridging that gap to offer customer a protection cushion for their income.”
With this plan, customers can plan their income streams to fulfill any requirement from a short-term to a long-term goal through the ‘Flexible Income Option’ or a ‘Large Income Option’.
With the ‘Flexible Income Option’, customers can select their income goal from a multitude of options in which they can begin their payout as early as in the 2nd year of the plan. In the ‘Large Income Option’. income starts post premium paying term till maturity. Both plans can begin with a premium paying term as low as 5 years.
Here are some key benefits and choices that make Guaranteed Income Star a perfect Guaranteed Income Plan:
Other key benefits of the plan:
1. Loan on policy: Avail a loan against the insurance policy only in the case of emergency
2. Lump sum Benefit: Option in addition to the income benefit payout
3. Family Income Benefit: Additional optional benefit on critical illness and death or only death
4. Tax benefits: Tax saving under section 80(C) and for maturity benefit under section 10(10D)
5. Offers 6 riders to choose from:
■ Accidental death benefit rider
■ Accidental total and permanent disability rider
■ Critical illness rider
■ Waiver premium rider
■ Payer waiver Benefit rider
■ Hospital cash benefit
Note: For detailed information on the product, click here https://www.edelweisstokio.in/guaranteed-income-star
About Edelweiss Tokio Life Insurance
Edelweiss Tokio Life Insurance established its pan-India operations in July 2011 with an immovable focus on protecting people’s dreams and aspirations. Guided by customer insights, the company has been offering need-based and innovative life insurance solutions to help customers live their #ZindagiUnlimited. With a customer-centric approach, the company endeavours to build a multi-channel distribution network to effectively serve over 4 lakhs customers across the country. As of March 2021, the life insurer has established 118 branches in 93 major cities.
Awards:
Edelweiss Tokio Life Insurance has been consistently recognized at several forums like SKOCH Awards 2019 and India Insurance Summit & Awards 2020 for Product Innovation, TISS LeapVault CLO Awards 2019 for its Sales Enablement efforts and Campaign PR Awards India 2020, E4M Indian Content Marketing Awards, & Tokio Marine’s Good Company Awards 2019 for its social initiative on organ donation. Its crowning achievement has been the GUINNESS WORLD RECORDS title for collecting highest number of pledges for organ donation in a single day and Great Place to Work – CertifiedTM.
To learn more about Edelweiss Tokio Life Insurance, please visit www.edelweisstokio.in
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