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Edelweiss Tokio Investment Plans
Edelweiss Tokio Life Premier Guaranteed Income is an endowment plan th ...Read More
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 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.
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the Edelweiss Tokio Life Premier Guaranteed Income Plan works with a simple premium illustration.
Mr. Verma is looking for an investment plan that helps him create a lump sum amount to fulfill his financial needs.
His financial advisor advised him to buy the Edelweiss Tokio Life Premier Guaranteed Income. He visited PolicyX.com.
Let's understand how the Edelweiss Tokio Life Premier Guaranteed Income Plan works for him with a premium illustration table.
| Age of policyholder | Annual Premium | Policy tenure | Premium Payment Tenure | Maturity Benefits |
| 35 years | Rs 1,00,000 | 10 years | 10 years | Rs 30,72,960 |
Key Takeaway: At the end of the policy tenure, the maturity benefits of Rs 30,72,960 are paid to the policyholder.
There are various benefits to buying the Edelweiss Tokio Life Premier Guaranteed Income Plan. Let’s understand each of them in detail:
Key features that make Edelweiss Premier Guaranteed Income 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 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.
Keep these documents handy when applying for Edelweiss Premier Guaranteed Income.
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
Photo ID Proof (any one) - Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Age Proof (any one) - Passport, Aadhaar card, PAN card, Driving license.
Address Proof
Address Proof (any one) - Utility bill, passport, voter ID, ration card.
Medical Records
Medical Records of the policyholder if requested.
Income Proof
Income Proof (any one) - bank statement, last three months' salary slips (if you are salaried).
Given below are some exclusions of the Edelweiss Tokio Life Premier Guaranteed Income:
Here are the key features of the Edelweiss Premier Guaranteed Income.
| 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 |
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.
The 4 most-asked questions about Edelweiss Premier Guaranteed Income, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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