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Edelweiss Tokio Guaranteed Income Star offers you dual benefits- death benefits to your family in case of your uncertain demise and maturity benefits on survival.
This plan helps you secure your family with an income plan that offers a fixed income to them even in your absence. You can also opt for additional riders with this plan to enhance your coverage. This article provides you with complete information about this plan, eligibility criteria, benefits, and buying process.
Edelweiss Tokio Guaranteed Income Star Plan offers you a range of benefits including:
Minimum Age - 0 year Maximum Age - 18 years
Maximum Maturity Age - 100 years
Minimum term - 18 years Maximum term - 42 years
5,8,10 and 12 years
Annual, half-yearly, quarterly & monthly
No limit
Let's understand how the Edelweiss Tokio Guaranteed Income Star Plan works with a simple premium illustration.
Mr. Verma is looking for an Investment plan that helps him create a lump sum amount to fulfill his financial needs.
His financial advisor advised him to buy the Edelweiss Tokio Guaranteed Income Star Plan. He visited PolicyX.com
Let's understand how the Edelweiss Tokio Guaranteed Income Star Plan works for him with a premium illustration table.
Age of policyholder | Annual Premium | Policy tenure | Premium Payment Tenure | Maturity Benefits |
35 years | Rs 1,00,000 | 10 years | 10 years | Rs 30,72,960 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 30,72,960 are paid to the policyholder.
Here are some features of Edelweiss Tokio Guaranteed Income Star:
This plan offers you a 30-day free-look period to their policyholders to understand the terms and conditions of the plan. If a policyholder is unsatisfied with the policy they can cancel it by paying minimal charges.
If you have paid at least two years of premiums for your Guaranteed Income Star plan your policy acquires a surrender value. You can get the surrender value after deducting the applicable charges.
You can avail of a loan against your Guaranteed Income Star plan once it achieves the surrender value. There is a specific percentage of loans you can avail of against the policy.
If you have paid at least two years of premiums and don’t pay further premiums in the grace period then your policy acquired the reduced paid-up value status.
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There are various benefits to buying the Edelweiss Tokio Guaranteed Income Star Plan. Let’s understand each of them in detail:
Here is the list of documents required to buy the Edelweiss Tokio Guaranteed Income Star Plan:
Photo ID Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records of the policyholder if requested.
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the Edelweiss Tokio Guaranteed Income Star official website or one of their nearest branch offices.
Visit the official website of PolicyX.com.
Hover on the ‘Life Insurance’ tab.
Choose the Investment plan you want to buy.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of Edelweiss Tokio Life Insurance.
Hover over the 'Our Products' from the top of the menu.
Click on the Edelweiss Tokio Guaranteed Income Star.
Click on ‘Buy Now’ and you will be redirected to a new page.
Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
Once discussed you can make the premium payment and get the policy documents.
You can buy the Edelweiss Tokio Guaranteed Income Star offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
Given below are some exclusions of the Edelweiss Tokio Guaranteed Income Star-
Suicide within 12 months of the policy purchase is not covered.
Consumption of any intoxicants.
Death due to any aviation accident.
Death due to any adventurous sports.
What’s Good Here | What’s Missing |
Choice of plan option | Premium Offset |
Partial withdrawals | Premium continuance |
Maturity Benefit | Auto cover continuance |
Switching | Top-up premium |
Edelweiss Tokio Guaranteed Income Star plan is an ideal plan if you are looking for a plan that provides you lifelong income to meet your future financial requirements. This plan also offers you critical illness benefits, assured returns, multiple income options, multiple frequency options, etc. You can avail of multiple riders with this plan including Edelweiss Tokio Life - Accidental Death Benefit Rider, Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider, Edelweiss Tokio Life - Hospital Cash Benefit Rider, Edelweiss Tokio Life - Critical Illness Rider, Edelweiss Tokio Life - Waiver of Premium Rider, Edelweiss Tokio Life - Payor Waiver Benefit Rider. If you are still confused about whether this plan is right for you or not you can contact us at PolicyX.com. One of our insurance experts will get in touch with you shortly and help you choose the most suitable plan for you.
Edelweiss Guaranteed Income Star is a Guaranteed Income Plan that provides you dual benefits- death benefits and maturity benefits.
There are two plan options- Flexible Income and Large Income Option available with Guaranteed Income Star Plan.
The maximum maturity age of the Guaranteed Income Star Plan is 100 years.
You can buy Edelweiss Tokio Life Guaranteed Income Star policy either from their official website or by visiting one of their nearest branch offices.
There are multiple rider options available with the Guaranteed Income Star Plan:  1. Edelweiss Tokio Life - Accidental Death Benefit Rider 2. Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider 3. Edelweiss Tokio Life - Hospital Cash Benefit Rider 4. Edelweiss Tokio Life - Critical Illness Rider 5. Edelweiss Tokio Life - Waiver of Premium Rider 6. Edelweiss Tokio Life - Payor Waiver Benefit Rider
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Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.
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February 5, 2023
Asia/Kolkata
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