Edelweiss Tokio Guaranteed Income Star Plan, Premiums | PolicyX
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Edelweiss Tokio Guaranteed Income Star

Edelweiss Tokio Guaranteed Income Star offers dual benefits: death ben ...Read More

🛡️ IRDAI Approved
4.4/5 · 62 reviews
📊 100 years solvency ratio
Minimum Age - 91 day% claim settlement ratio
🌐 Annual, half-yearly,+ pan-India

About Edelweiss Tokio Guaranteed Income Star

A quick read on what this Edelweiss Tokio Investment Plans term plan covers and why it might be a fit for you.

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.

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

Eligibility Criteria for Edelweiss Tokio Guaranteed Income Star

Entry age
Entry age
Minimum Age - 0 years, Maximum Age - 18 years
Maturity age
Maturity age
Maximum Maturity Age - 100 years
Policy term
Policy term
Minimum term - 18 years, Maximum term - 42 years
Sum assured
Sum assured
5,8,10 and 12 years
Policy loan
Policy loan
Annual, half-yearly, quarterly & monthly
Payment Modes
Payment Modes
No limit

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • Two income options
  • Assured returns
  • Family income benefits

Cons

  • Pre-existing conditions not covered
  • Suicidal exclusion
  • No auto-cover continuance

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Minimum entry age - 0 years
Maximum entry age - 60 years
Minimum sum assured - Rs 6 crore
Maximum sum assured - No limit
Maximum policy term - 42 years

How Does the Edelweiss Tokio Guaranteed Income Star Plan Work?

Let's understand how the Edelweiss Tokio Guaranteed Income Star Plan works with a simple premium illustration.

Problem

Mr. Verma is looking for an Investment plan that helps him create a lump sum amount to fulfill his financial needs.

Solution

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 policyholderAnnual PremiumPolicy tenurePremium Payment TenureMaturity Benefits
35 yearsRs 1,00,00010 years10 yearsRs 30,72,960

Key Takeaway: At the end of the policy tenure, maturity benefits of Rs 30,72,960 are paid to the policyholder.

Benefits of Edelweiss Tokio Guaranteed Income Star

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.

Features of Edelweiss Tokio Guaranteed Income Star

Key features that make Edelweiss Tokio Guaranteed Income Star stand out.

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.

Documents Required for Edelweiss Tokio Guaranteed Income Star

Keep these documents handy when applying for Edelweiss Tokio Guaranteed Income Star.

Photo ID Proof

Photo ID Proof (any one of the following) - Passport, Aadhaar card, PAN card, Driving license.

Age Proof

Age Proof (any one of the following) - Passport, Aadhaar card, PAN card, Driving license.

Address Proof

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

Income Proof (any one of the following) - bank statement, last three months' salary slips (if salaried).

Exclusions of the Edelweiss Tokio Guaranteed Income Star

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.

Other Features of Edelweiss Tokio Guaranteed Income Star

Here are the key features of the Edelweiss Tokio Guaranteed Income Star.

Plan At a Glance

What’s Good HereWhat’s Missing
Choice of plan optionPremium Offset
Partial withdrawalsPremium continuance
Maturity BenefitAuto cover continuance
SwitchingTop-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.

FAQs: Edelweiss Tokio Life Guaranteed Income Star

The 5 most-asked questions about Edelweiss Tokio Guaranteed Income Star, answered.

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

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

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