Edelweiss Tokio Life Guaranteed Income Star vs Lic Jeevan Saral

Edelweiss Tokio Guaranteed Income Star offers you dual benefits- death benefits to your family in case of your uncertain demise and maturity benefits on survival. 

This plan helps you secure your family with an income plan that offers a fixed income to them even in your absence. You can also opt for additional riders with this plan to enhance your coverage. This article provides you with complete information about this plan, eligibility criteria, benefits, and buying process.

Edelweiss Tokio Guaranteed Income Star Plan offers you 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, etc.

LIC Jeevan Saral is an Endowment Assurance plan under which the proposer has simply to choose the amount and mode of premium payment. The plan comes out with the needful financial protection to support death throughout the term of the plan. The death benefit is directly related to the premiums paid. The Maturity Sum Assured depends on the age at entry of the life to be assured and is payable on survival to the end of the policy term. It also offers the flexibility of terms and a lot of liquidity.

Under this plan, the premium amount will be decided by the insured person and he/she will get almost 250 times the monthly premium as Sum Assured. If the insured person survives the entire tenure then he/she would be liable to receive Maturity Sum Assured + Loyalty Additions. The Maturity Sum Assured depends on different entry ages and policy terms and is specified at the beginning of the policy.

Now, if the case where the insured dies within the policy tenure then his nominee would receive the Sum Assured + Return of premiums excluding extra/rider premium and first-year premium + Loyalty Addition if any.

LIC Saral Jeevan Bima Plan offers you a range of benefits including:

• Maturity Benefits
• Death Benefits
• Home Loan Surety

• Loan Facility
• Loyalty Additions