Edelweiss Tokio Guaranteed Income Star Investment Plan
Edelweiss Tokio Investment Plans Edelweiss Tokio Investment Plans ★ 4.5

Edelweiss Tokio Guaranteed Income Star

Edelweiss Tokio Guaranteed Income Star offers you dual benefits- death ...Read More

🛡️ IRDAI Approved
4.5/5 · 54 reviews
📊 100 years solvency ratio
Minimum Age - 91 day% claim settlement ratio
🌐 Annual, half-yearly,+ pan-India

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. 

Here are the key features of the above plan
  • Assured returns
  • Flexibility to select the income payout
  • Family income benefit




About Edelweiss Tokio Guaranteed Income 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 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.

Eligibility Criteria for Edelweiss Tokio Guaranteed Income Star

Entry age
Entry age
Minimum Age - 0 year Maximum Age - 18 years
Maturity age
Maturity age
Maximum Maturity Age - 100 years
Policy tenure
Policy tenure
Minimum term - 18 years Maximum term - 42 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

  • Two income options
  • Assured returns
  • Family income benefits

Cons

  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Minimum entry age- 0 year
Maximum entry age- 60 years
Minimum sum assured- Rs 6
Maximum sum assured- No limit
Maximum policy term- 42 years

How Does the Edelweiss Tokio Guaranteed Income Star Plan Work?

Let's understand how the Edelweiss Tokio Guaranteed Income Star Plan works with a simple premium illustration.

Problem

Mr. Verma is looking for an Investment plan that helps him create a lump sum amount to fulfill his financial needs.

Solution

His financial advisor advised him to buy the Edelweiss Tokio Guaranteed Income Star Plan. He visited PolicyX.com

Let's understand how the Edelweiss Tokio Guaranteed Income Star 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 Takeaways: At the end of the policy tenure the maturity benefits of Rs 30,72,960 are paid to the policyholder.

Benefits of Edelweiss Tokio Guaranteed Income Star

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

  • Choice of income option This plan offers you the choice to opt for income options including Flexible income options and Large income options. You can choose any one option as per your choice and financial requirements.
  • Death benefits Life is very uncertain. In case of your unfortunate demise, this plan offers your family death benefits so that they can live a comfortable lifestyle and fulfill their financial requirements.
  • Maturity benefits A person has a lot of future and retirement goals. This plan helps you complete all those 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. 

Features of Edelweiss Tokio Guaranteed Income Star

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

Free-look period

This plan offers you a 30-day free-look period to their 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 Guaranteed Income Star 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 Guaranteed Income Star plan once it achieves the surrender value. There is a specific percentage of loans you can avail of against the policy.

Reduced paid-upvalue

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

Documents Required for Edelweiss Tokio Guaranteed Income Star

Keep these documents handy when applying for Edelweiss Tokio Guaranteed Income 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, Aadhar 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).

Buying from their branch office

You can buy the Edelweiss Tokio Guaranteed Income Star offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.

Exclusions of the Edelweiss Tokio Guaranteed Income Star

Given below are some exclusions of the Edelweiss Tokio Guaranteed Income Star-

  • 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.

Other Features of Edelweiss Tokio Guaranteed Income Star

Here are the key features of the Edelweiss Tokio Guaranteed Income 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 Guaranteed Income Star plan is an ideal plan if you are looking for a plan that provides you lifelong income to meet your future financial requirements. This plan also offers you critical illness benefits, assured returns, multiple income options, multiple frequency options, etc. You can avail of multiple riders with this plan including Edelweiss Tokio Life - Accidental Death Benefit Rider, Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider, Edelweiss Tokio Life - Hospital Cash Benefit Rider, Edelweiss Tokio Life - Critical Illness Rider, Edelweiss Tokio Life - Waiver of Premium Rider, Edelweiss Tokio Life - Payor Waiver Benefit Rider. If you are still confused about whether this plan is right for you or not you can contact us at PolicyX.com. One of our insurance experts will get in touch with you shortly and help you choose the most suitable plan for you.

Frequently Asked Questions

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

Edelweiss Guaranteed Income Star is a Guaranteed Income Plan that provides you dual benefits- death benefits and maturity benefits.
There are two plan options- Flexible Income and Large Income Option available with Guaranteed Income Star Plan.
The maximum maturity age of the Guaranteed Income Star Plan is 100 years.
You can buy Edelweiss Tokio Life Guaranteed Income Star policy either from their official website or by visiting one of their nearest branch offices.
There are multiple rider options available with the Guaranteed Income Star Plan: 1. Edelweiss Tokio Life - Accidental Death Benefit Rider 2. Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider 3. Edelweiss Tokio Life - Hospital Cash Benefit Rider 4. Edelweiss Tokio Life - Critical Illness Rider 5. Edelweiss Tokio Life - Waiver of Premium Rider 6. Edelweiss Tokio Life - Payor Waiver Benefit Rider

Written and reviewed by

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

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