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Overview
The Edelweiss Tokio Life Guaranteed Savings Star plan is a guaranteed savings plan with assured life cover and stable returns. The plan also comes with a guaranteed maturity benefit. It offers two plan variants: Base and Enhanced Cover. This allows policyholders to select their protection level. With enhanced coverage, you can optimize your insurance coverage and increase your death benefit.
What's more, the plan allows you to take care of your family even when you're diagnosed with a covered critical illness, under the Family Income Benefit. This benefit can be bought with very nominal added premiums. You can even customize the plan for additional protection and increase life cover with multiple rider options.
Key Benefits of Edelweiss Tokio Life Guaranteed Savings Star
Edelweiss Tokio Life Guaranteed Savings Star offers you a range of benefits including:
- Two plan options
- Affordable premiums
- Tax benefits
- Booster additions
- Multiple fund options
How to Buy Edelweiss Tokio Life Guaranteed Savings Star Plan on PolicyX.com
- 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 Life Guaranteed Savings Star Plan
There are various benefits to buying the Edelweiss Tokio Life Guaranteed Savings Star Plan. Let's understand each of them in detail:
Family Income Benefits
Under the Family Income Benefits feature, you can take care of your family's dreams even when you're not around or diagnosed with a covered critical illness. There are two options available under the 'Family Income Benefits'.
Additions
The product offers regular additions, namely Loyalty Additions (LA), Booster Additions (BA), and Maturity Additions (MA).
Loyalty Additions
In this plan, you'll receive Loyalty Additions from the 6th policy year until the end of the premium paying term. It is an additional payout that insurers offer to their customers for continuously paying premiums on time.
Booster Additions
It is an additional return you'll receive on your capital on top of fund returns. This return is pre-decided and does not depend on market performance. However, these additions will be made at the end of the 10th policy year and every 5th policy year thereafter.
Multiple Plan Options
Two plan options allow you to select the protection level: Base or Enhanced Cover.
Flexible Premium Payment
You have the option to pay your premiums as per your choice.
Assured Returns
Get ready to achieve your future goals with stable, assured returns.
Top-up Premium Option
With the top-up premium feature, you can even invest a lump sum as a top-up premium over the base premium to increase your fund value.
How to Buy Edelweiss Tokio Life Guaranteed Savings Star Plan on the Insurer's Website
- Visit the official website of Edelweiss Tokio Life Insurance.
- Hover over 'Our Products' from the top menu.
- Click on the Edelweiss Tokio Life Guaranteed Savings Star.
- 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.
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 Life Guaranteed Savings Star Plan
Here is the list of documents required to buy the Edelweiss Tokio Life Guaranteed Savings Star Plan:
-
Photo ID Proof
Passport, Aadhaar card, PAN card, Driving license (any one).
-
Age Proof
Passport, Aadhaar card, PAN card, Driving license (any one).
-
Address Proof
Utility bill, passport, voter ID, ration card (any one).
-
Medical Records
Medical records of the policyholder if requested.
-
Income Proof
Bank statement, last three months' salary slips (if you are salaried) (any one).
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
The Edelweiss Tokio Life Guaranteed Savings Star plan is a guaranteed savings plan with assured life cover. The plan helps you grow your income with stable, assured returns. It offers a choice of two plan variants, allowing you to customize your plan according to your goals and needs. If you need more details about this plan, feel free to reach out to us through PolicyX. Our team of experts is always ready to provide you with the assistance you need.
