Guaranteed Income Star Edelweiss Life Insurance

4.5

Paybima Rating

Policy Brochure

Policy Wording

Claim Form

Securing your family’s future starts with a smart choice. Investing in a life insurance plan that continues to protect your loved ones even in your absence is not just wise, but rather it’s essential. It offers financial security, peace of mind, and helps support your long-term goals and those of your family. That’s why choosing the right plan matters. Enter Edelweiss Tokio Life Insurance's Guaranteed Income Star, designed to meet your dynamic future financial needs with ease.

Edelweiss Life Insurance plans to serve more than just financial protection; rather, they come as a helping hand in times of need. Edelweiss Tokio Life Insurance's Guaranteed Income Star is a reliable and affordable life insurance plan worth exploring.

Highlights of Guaranteed Income Star Edelweiss Life Insurance

Give your family the assurance of a fixed income

You can take a loan against the policy

Extend the coverage with add-ons available.

Two plan variants: Flexible Income Option and Large Income Option.

Get all your insurance related queries answered

Edelweiss Tokio Life Insurance Guaranteed Income Star: Highlights

The table below gives a quick overview of the Edelweiss Tokio Life Insurance Guaranteed Income Star plan highlights:

Particulars	Details
Policy Name	Edelweiss Tokio Life Insurance Guaranteed Income Star
Insurance Company	Edelweiss Life Insurance Company Limited
Policy Type	Individual, Non-Linked, Non-Participating, Savings, Life Insurance Plan
Policy Options	Two variants: Flexible Income Option Large Income Option
Add-Ons	Additional benefits include: Accidental Death Benefit Accidental Total and Permanent Disability Rider Payot Waiver Benefit Rider Waiver of Premium Rider Critical Illness Rider
Claim Settlement Ratio	99.23%
Mode of Premium Payment	Available Options: Annual Half Yearly QuarterlyMonthly

Wish to Enhance Your Coverage? Take a Look at the Riders Available

You can enhance your coverage by opting for riders under the Edelweiss Tokio Life Insurance Guaranteed Income Star. These include:

Add-On Covers	Details
Accidental Death Benefit Rider	This provides financial security to the beneficiary in case of the insured's death due to an accident. Entry Age: 5 to 52 Years
Accidental Total and Permanent Disability Rider	If an accident results in total and permanent disability of the insured, which hinders their earning capacity, this rider promises a lump sum amount to help manage expenses
Payor Waiver Benefit Rider	If the proposer (payor) dies or becomes disabled, suffers a critical illness, this rider allows a complete waiver of the premium, and the policy continues for the life insured.
Waiver of Premium Rider	If the insured is diagnosed with a critical illness, suffers accidental total and permanent disability or dies, this rider helps waive off future premium payments and the policy continues.
Critical Illness Rider	This rider provides 100% of the rider sum insured in the next 30 days from the date of diagnosis if the insured suffers one of the 12 listed critical illnesses.

Features and Benefits of Edelweiss Tokio Life Insurance Guaranteed Income Star

Edelweiss Tokio Life Insurance Guaranteed Income Star is an efficient and cost-effective life insurance policy ideal for individuals seeking to invest in a plan that provides financial protection for their family and helps meet long-term financial needs.
Let’s take a look at the features and benefits of the Guaranteed Income Star plan:

Death and Maturity Benefits

In the event of an unfortunate occurrence leading to the untimely demise of the insured, the nominee receives a death benefit. Additionally, Guaranteed Income Star also offers you a maturity benefit, which can be chosen by you, the insured, at the time of policy purchase.

Note: Please carefully read the sum assured and provision for maturity benefits in the policy document.

Family Income Benefits

Under the plan, there is an option to opt for family income benefits when purchasing the plan. There are two options available under the family income benefit:

Family Income Benefit on Death

Under this, the death benefit is provided to the beneficiary, and the policy continues till its maturity date without any premium requirement. Upon maturity, certain maturity benefits are paid, and the policy comes to a close.

Family Income Benefit on Critical Illness and Death

In addition to the above benefits, if the insured is diagnosed with a critical illness, coverage is provided. Upon survival for 30 days from diagnosis, no premium payment is required until maturity.

Two Policy Types

To customise the plan according to your needs, you can choose from two policy options:

Flexible Income Option

Your Income Start Point can be the second policy year

Large Income Options

Your income starts after your premium-paying term.

Additional Benefits

In addition to the base coverage, the plan also offers five optional benefits, or riders, that you can select to meet your and your loved ones' needs effectively.

Assured Returns

Under the plan, you can enjoy assured returns that help you and your family members easily meet financial goals. It is a savings plan that offers stable assured returns along with flexible income options.

Loan on Policy

Another key benefit of investing in the Edelweiss Tokio Life Insurance Guaranteed Income Star plan is that you can get a loan on your policy to meet any urgent cash needs.

Easy Claim Settlement

Investing in a life insurance plan is primarily done to ensure that the needs of your loved ones are protected even when you are not around. This is where Edelweiss Tokio Life Insurance's Guaranteed Income Star comes into play, promising to settle claims seamlessly and efficiently.

Did You Know that Edelweiss Tokio Life Insurance Company has an impressive claim settlement ratio of 99.23%?

Edelweiss Tokio Life Insurance Guaranteed Income Star: What is Not Covered?

When choosing a life insurance plan, be mindful of the exclusions. Here’s what the policy doesn’t cover:

Suicide Claim

The policy doesn’t offer coverage for suicide claims. Please read the policy document for a detailed understanding of the provisions.

Injury Inflicted Due to Various Reasons

Injuries arising from war, invasion, war-like situations, participating in adventurous or sports activities, or self-inflicted injuries are not covered.

Certain Critical Illnesses

Under specific conditions outlined in the policy document, coverage for critical illnesses is not provided.

Pre-Existing Diseases

If a pre-existing disease has been diagnosed or a treatment has been advised within the last 36 months prior to the policy's commencement, then the policy does not offer coverage.

Pros & Cons Guaranteed Income Star

The Guaranteed Income Star plan help you meet your changing financial needs with its different variants such as Flexible Income and Large Income

The plan allows the policyholder the flexibility to opt for ‘Income Start Point’ or the start of the income pay-out as well as the ‘Income Duration’ or the time period for which Income is payable

You can stay protected under the Guaranteed Income Star plan for up to 100 years of age. You also get protection against 12 critical illnesses under the plan with family income benefit option

The plan allows the insured to choose to receive lump sum + regular pay-out with the guaranteed income star plan

The Edelweiss Tokio Life Guaranteed Income STAR plan allows the insured to avail a loan in case of an urgent need of cash

In case of suicide within 12 months from the date of buying the policy the nominee of the plan receives 80% of the total premiums paid or the surrender value acquired, whichever is high

Similarly, in case the policyholder dies due to suicide during the first 12 months of policy revival date, the nominee receives as death benefit 80% of total premiums paid till the death of the policyholder or the acquired Surrender Value, whichever is higher.

Our verdict

Edelweiss Life Insurance Company is a trusted name that has earned the confidence of many in the country through its diverse range of life insurance plans. Edelweiss Tokio Life Insurance Guaranteed Income Star is one of their many plans that is designed to meet the needs of individuals in different age groups and with varying needs. Choosing this plan is equivalent to selecting multiple benefits, such as a high sum assured, death benefits and maturity benefits. A smooth claim settlement process also allows you peace of mind.

If you haven’t already opted for a robust life insurance plan, wait no more and head to the Paybima portal to explore the best options.

Speak to an Advisor

Edelweiss Life
Insurance Company

Edelweiss Life Insurance Company Limited was established in the year 2011 as a joint venture between Marine Holdings Incorporation, Japan’s oldest and largest insurance company, and Edelweiss Financial Services Limited. Edelweiss Life Insurance Company secured the position of Life InsuranceCompany of the year 2021. The company offers a host of insurance solutions for its retail and corporate customers. It customizes its insurance plans to meet the specific requirements of its customers. It offers comprehensive coverage at competitive prices, excellent customer service, innovative products, and comprehensive coverage with customization benefits.

Founded in

2011

Turnover (GWP)

1,690 Crore

JV Partners

Edelweiss Financial Services and Tokio Marine Holdings Inc.

Claims Experience

Claims Experience Rating 4.7

Claim Settlement Ratio (No. of claims)
What % of the claims received were paid?

99.20%

% of Complaints received on overall claims
% customers unhappy with claims experience

Less

Number of Branches

131+

Benefits Guaranteed Income Star Edelweiss Life

Key Benefits
Tax benefits	Available as per prevailing tax laws
Guaranteed Income	Guaranteed income benefits for Future Goals
Other Benefits
Family Income Benefit	Optional benefit
Accidental benefit	Nominee will get an additional benefit.
Loan on policy	Available
Retire easy	Limited paying term of 5, 8, 10, and 12 years
Options Available
Plan options	2 plan variants available
Lump-sum payout option	Avail additional lumpsum benefits at maturity

Hand-hold by our expert advisor till making the right choice

Meet In Person Talk to an Advisor

70% of customers choose our advisor support for better coverage clarity.

Paybima Trusted by Millions of Customers

4.5

40+ Insurers

Wide range of trusted providers

560+ Advisors

Expert guidance at every step

31 Stores

Personalized service across India

Ask Anything as We Have Answers to Everything in Insurance

Yes, the Guaranteed Income STAR plan offers the following riders, namely;
Accidental Death Benefit Rider, Accidental Total and Permanent Disability Rider, Critical Illness Rider, Waiver of Premium Rider, Payor Waiver Benefit Rider, and Income Benefit Rider.

The guaranteed return star plan offers an income that is not affected by market conditions and it caters to the financial needs of the insured. These plans are also beneficial as they allow tax benefits and ensure the fulfilment of your future goals.

Goals like early retirement, international higher education of children, paying off loans, buying your house, car or going on a foreign trip etc. can be met with the Guaranteed Income Star plan.

18 years is the minimum age of maturity, whereas the maximum age of maturity is 100.

Yes, the policyholder can seek to receive regular guaranteed income as Lump sum Income at maturity.

Yes, the Guaranteed Income STAR plan offers life cover all through the term of the policy. However, for that it is important to pay all premiums on time and to keep the policy active.

Yes, the Guaranteed Income Star policy allows a 15-day grace period for monthly premiums. For other frequency options, a 30-day grace period is available.

Yes, you can opt for a regular guaranteed income option with or without the lump sum income option on the maturity date.

The minimum maturity age for the plan is 18 years, and the maximum maturity age is 100 years. Remember that the maturity age is calculated as per the last birthday.