Edelweiss Tokio Guaranteed Savings Star: Plans & Benefits | PolicyX
Edelweiss Tokio Investment Plans Edelweiss Tokio Investment Plans ★ 4.4

Edelweiss Tokio Guaranteed Savings Star

Edelweiss Tokio Life Guaranteed Savings Star plan is a guaranteed savi ...Read More

🛡️ IRDAI Approved
4.4/5 · 66 reviews
📊 100 years solvency ratio
Minimum Age - 91 day% claim settlement ratio
🌐 Annual, half-yearly,+ pan-India

About Edelweiss Tokio Guaranteed Savings 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 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.

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

Eligibility Criteria for Edelweiss Tokio Guaranteed Savings Star

Entry age
Entry age
Minimum Age - 18 years Maximum Age - 100 years
Maturity age
Maturity age
Maximum Maturity Age - 100 years
Policy tenure
Policy tenure
10, 12 years
Premium payment term
Premium payment term
5, 8, 10 and 12 years
Premium payment frequency
Premium payment frequency
Annual, half-yearly, quarterly & monthly
Sum assured
Sum assured
No limit

Pros & cons

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

Pros

  • 2 Plan Options
  • Assured Returns
  • In-built CI Cover

Cons

  • Consumption of any intoxicants
  • Death due to any aviation accident
  • Death due to any adventurous sports.

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Minimum entry Age - 18 years
Maximum Age - 100 years
Sum Assured: No limit

Benefits of Edelweiss Tokio Guaranteed Savings Star

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.

Features of Edelweiss Tokio Guaranteed Savings Star

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

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.

Documents Required for Edelweiss Tokio Guaranteed Savings Star

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

Photo ID Proof

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

Age Proof

Age Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.

Address Proof

Address Proof (either of one) - Utility bill, passport, voter ID, ration card.

Medical Records

Medical Records of the policyholder if requested.

Income Proof

Income Proof (either of one) - bank statement, last three months' salary slips (if you are salaried).

Exclusions of the Edelweiss Tokio Life Guaranteed Savings Star Plan

  • 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.

The Edelweiss Tokio Life Guaranteed Savings Star Plan is primarily a savings and investment product. Unlike health insurance, it does not typically involve waiting periods for its core maturity or death benefits. Policy benefits generally commence as per the terms and conditions from the policy's inception, provided all premiums are paid.

Other Features of Edelweiss Tokio Guaranteed Savings Star

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

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 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.

FAQs: Edelweiss Tokio Life Guaranteed Savings Star

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

It offers two plan variants, allowing policyholders to select the protection level: Base and Enhanced Cover.
If the policyholder is diagnosed with one of the critical illnesses during the policy term and survives for 30 days after the diagnosis, they won’t have to pay any more premiums.
Edelweiss Tokio Life Guaranteed Savings Star plan is ideal if you’re looking for a combination of life insurance and savings or have a low-risk appetite.
With Family Income Benefit on Death option, your future premiums will be waived on your demise, and the policy will continue until the end of the policy term.
You can surrender your Edelweiss Tokio Guaranteed Savings Star plan once your policy acquires a surrender value.

Written and reviewed by

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

Compare life Insurance Plans

Select a company and plan for each side to see a detailed side-by-side comparison.

Share your Valuable Feedback

Rating Icon 4.4

Rated by 67 customers

Was the Information Helpful?

Select Your Rating

We would like to hear from you

Let us know about your experience or any feedback that might help us serve you better in future.

Reviews and Ratings

Do you have any thoughts you'd like to share?

📞 Call Free