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Edelweiss Tokio Life Premier Guaranteed Income is an endowment plan. It offers life coverage along with the guaranteed return of premium. Along with maturity benefit, this plan also provides regular income payout for 15 years right after the completion of the premium-paying term. The Premier Guaranteed Income plan comes with a fixed policy and premium paying term of 15 years.
Edelweiss Tokio Life Premier Guaranteed Income offers you a range of benefits including:
Minimum Age - 3 year Maximum Age - 50 years
Maximum Maturity Age - 65 years
15 years
15 years
Annual, half-yearly, quarterly & monthly
No limit
Let's understand how the Edelweiss Tokio Life Premier Guaranteed Income 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 Life Premier Guaranteed Income. He visited PolicyX.com
Let's understand how the Edelweiss Tokio Life Premier Guaranteed Income 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 Premier Guaranteed Income:
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 Life Premier Guaranteed Income Plan. Let’s understand each of them in detail:
Here is the list of documents required to buy the Edelweiss Tokio Life Premier Guaranteed Income 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 Premier Guaranteed Income 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 'Our Products' from the top of the menu.
Click on the Edelweiss Tokio Life Premier Guaranteed Income.
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 Life Premier Guaranteed Income 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 Life Premier Guaranteed Income:
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 |
If you are looking to purchase a savings plan that pays you regular guaranteed income along with a lump sum amount at maturity, you can purchase Edelweiss Tokio Premier Guaranteed Income. If you are still confused about whether the Secure Income plan is right for you or not then you can contact us at PolicyX. One of our insurance experts will reach out to you shortly, understand your requirements, and help you choose a plan that best fits your requirements.
The minimum age to purchase this plan is 1 month.
This plan offers a 15-year payout period starting from the 16th policy year.
Yes, you can avail of a loan for upto 80% of your surrender value.
Yes, the maturity amount of this plan is tax-free under section 1010D of the Income Tax Act 1961.
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I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.
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February 5, 2023
Asia/Kolkata
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