Guaranteed Income Star

Edelweiss Tokio Life Insurance

Claim settlement ratio 98.9% (FY 2021-22)

Critical Illness Benefit Available

Tax Benefit Amount As per prevailing tax laws

Accidental Death Benefit 100%

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Overview of Guaranteed Income Star by Edelweiss Life

The Guaranteed Income Star Plan by Edelweiss Life is a non-linked, non-participating individual savings life insurance plan that secures your family monetarily. The plan offers stable guaranteed returns while securing the future goals effectively. With this plan in hand, you can make sure that your family’s aspirations and goals are met even if you are not around or you are diagnosed with a critical illness.

USP features of Guaranteed Income Star by Edelweiss Life

  • The Edelweiss 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 Edelweiss 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 Edelweiss 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

What’s not covered under Guaranteed Income Star by Edelweiss Life?

  • 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.

Frequently asked questions

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.

* Tax benefits are subject to changes in tax laws.
#All savings are provided by the insurance company as per the IRDAI approved insurance plan. Standard T&C apply.