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Overview
Edelweiss Tokio Guaranteed Income Star offers dual benefits: death benefits to your family in case of your uncertain demise and maturity benefits on survival.
This plan helps secure your family with a fixed income, even in your absence. You can also opt for additional riders to enhance your coverage.
Key Benefits
Edelweiss Tokio Guaranteed Income Star Plan offers a range of benefits, including:
- Assured returns
- Flexibility to select the income payout
- Family income benefit
- Loan on policy
- Surrender benefit
- Reduced paid-up value
How to Buy Edelweiss Tokio Guaranteed Income Star Plan Online
- Visit the official website of PolicyX.com.
- Hover over 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.
Benefits of the Edelweiss Tokio Guaranteed Income Star Plan
There are various benefits to buying the Edelweiss Tokio Guaranteed Income Star Plan. Let’s understand them in detail:
- Choice of Income Option: This plan offers flexible and large income options, allowing you to choose as per your financial requirements.
- Death Benefits: Life is very uncertain. In case of your unfortunate demise, this plan offers your family death benefits so that they can live a comfortable lifestyle and fulfill their financial requirements.
- Maturity Benefits: A person has a lot of future and retirement goals. This plan helps you complete all those goals by providing maturity benefits once your policy matures.
- Family Income Benefits: This plan allows you to opt for family income benefits. In case of a policyholder’s demise or diagnosis of critical illness, benefits are paid to either the policyholder or their nominee.
Free-Look Period
This plan offers a 30-day free-look period to 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.
Surrender Value
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.
Policy Loan
You can avail of a loan against your Guaranteed Income Star plan once it achieves the surrender value. You can avail a loan for a specific percentage of the policy's value.
Reduced Paid-Up Value
If you have paid at least two years of premiums and don’t pay further premiums in the grace period, your policy acquires reduced paid-up value status.
Inclusions
- Life cover with death benefits for your family.
- Maturity benefits upon survival.
- Assured returns on your investment.
- Flexibility to choose income payout options.
- Family income benefit option.
- Option to avail policy loans.
- Surrender and reduced paid-up value benefits.
Exclusions
- 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.
Documents Required to Buy Edelweiss Tokio Guaranteed Income Star Plan
Here is the list of documents required to buy the Edelweiss Tokio Guaranteed Income Star Plan:
Photo ID Proof
Any one of the following: Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Any one of the following: Passport, Aadhaar card, PAN card, PAN card, Driving license.
Address Proof
Any one of the following: Utility bill, passport, voter ID, ration card.
Medical Records
Medical records of the policyholder if requested.
Income Proof
Any one of the following: Bank statement, last three months' salary slips (if salaried).
Plan at a Glance
| 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 |
In a Nutshell
Edelweiss Tokio Guaranteed Income Star plan is ideal if you are looking for a plan that provides lifelong income to meet your future financial requirements. This plan also offers critical illness benefits, assured returns, multiple income options, and multiple frequency options.
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, and Edelweiss Tokio Life - Payor Waiver Benefit Rider.
If you are still confused about whether this plan is right for you, 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.
