Edelweiss Tokio Life Premier Guaranteed Income

Edelweiss Tokio Life Premier Guaranteed Income Plan: An Overview

Edelweiss Tokio Life Premier Guaranteed Income is an endowment plan. It offers life coverage along with a guaranteed return of premium. In addition to the maturity benefit, this plan also provides regular income payouts for 15 years immediately after the completion of the premium-paying term. The Premier Guaranteed Income plan comes with a fixed policy and premium-paying term of 15 years.

Key Features of Edelweiss Tokio Life Premier Guaranteed Income

• Payout period for 15 years
• Assured 200% benefit at maturity
• Loan facility for financial emergencies
• Rider for enhanced protection
• Critical illness benefit

Benefits of the Edelweiss Tokio Life Premier Guaranteed Income Plan

There are various benefits to buying the Edelweiss Tokio Life Premier Guaranteed Income Plan. Let’s understand each of them in detail:

• Choice of Income Option: Once the life insured survives the whole policy tenure, the Edelweiss Premier Guaranteed Income plan will pay the maturity benefit as a lump sum or regular income.
• Choice of Rider Options: You can choose additional riders with your Edelweiss Tokio Life Premier Guaranteed Income Plan to enhance the overall coverage.
• Maturity Benefits: This plan helps you complete your future and retirement 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.

Additional Features of Edelweiss Tokio Life Premier Guaranteed Income Plan

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 Premier Guaranteed Income 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 Premier Guaranteed Income plan once it achieves the surrender value. There is a specific percentage of loans you can avail of against the policy.

Reduced Paid-Up Value

If you have paid at least two years of premiums and don’t pay further premiums in the grace period, then your policy acquires the reduced paid-up value status.

How to Buy Edelweiss Tokio Life Premier Guaranteed Income from PolicyX.com

1. Step 1: Visit the official website of PolicyX.com.
2. Step 2: Hover over the ‘Life Insurance’ tab.
3. Step 3: Choose the Investment plan you want to buy.
4. Step 4: Fill out the form at the top of the page with the necessary details.
5. Step 5: Select your income and city. Click on 'Proceed'.
6. Step 6: Update your education and occupation details.
7. Step 7: Choose your preferred plan and click on 'Buy this plan'.
8. Step 8: Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

How to Buy Edelweiss Tokio Life Premier Guaranteed Income from Edelweiss Tokio Life Insurance

1. Step 1: Visit the official website of Edelweiss Tokio Life Insurance.
2. Step 2: Hover over 'Our Products' from the top menu.
3. Step 3: Click on the Edelweiss Tokio Life Premier Guaranteed Income.
4. Step 4: Click on ‘Buy Now’ and you will be redirected to a new page.
5. Step 5: Enter your name and contact information. One of their representatives will reach out to you to discuss the quotes.
6. Step 6: Once discussed, you can make the premium payment and get the policy documents.

Exclusions of the Edelweiss Tokio Life Premier Guaranteed Income 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.

Documents Required to Buy Edelweiss Tokio Life Premier Guaranteed Income Plan

Here is the list of documents required to buy the Edelweiss Tokio Life Premier Guaranteed Income Plan:

• Photo ID Proof: Passport, Aadhaar card, PAN card, Driving license.
• Age Proof: Passport, Aadhaar card, PAN card, Driving license.
• Address Proof: Utility bill, passport, voter ID, ration card.
• Medical Records: Medical records of the policyholder if requested.
• Income Proof: Bank statement, last three months' salary slips (if you are salaried).

Plan at a Glance

In a Nutshell

If you are looking to purchase a savings plan that pays you regular guaranteed income along with a lump sum amount at maturity, you can purchase Edelweiss Tokio Premier Guaranteed Income. If you are still confused about whether the Premier Guaranteed Income plan is right for you or not, then you can contact us at PolicyX.com. One of our insurance experts will reach out to you shortly, understand your requirements, and help you choose a plan that best fits your needs.