Assured Income Star Customzie- Edelweiss Life
Edelweiss Life- Assured Income STAR
A Promise of Regular Guaranteed1 Income
| Policy Year | Single/Annualized Premium8 | Total Survival Benefit | Total Maturity Benefit | Total Death Benefit |
|---|
Reasons Why You’re Bound To Love Us Back
Asia's Best Insurance Company
Asia's Best Insurance Company Award for CSR Activity & digital Sales channel^¹
Life Insurance Company of the Year
BFSI Excellence - Life Insurance Company of the year 2021^²
Best Customer Experience
Best Customer Experience & Contact Center Management - Life Insurance^³
Reasons Why You’re Bound To Love Us Back
Asia's Best Insurance Company
Asia's Best Insurance Company Award for CSR Activity & digital Sales channel^¹
Life Insurance Company of the Year
BFSI Excellence - Life Insurance Company of the year 2021^²
Best Customer Experience
Best Customer Experience & Contact Center Management - Life Insurance^³
Reasons Why You're Bound To Love Us Back
99.29% Claim Settlement Ratio**
Our Promise of Integrity- 99.29% Claim Settlement Ratio** for FY 24-25
Recognized for Our Remarkable Customer Journey!
'Bolt' wins under 'Public & Private Collaboration' category at NASSCOM Foundation TechForGood Awards 2024^³
Reasons Why You're Bound To Love Us Back
99.29% Claim Settlement Ratio**
Our Promise of Integrity- 99.29% Claim Settlement Ratio** for FY 24-25
Recognized for Our Remarkable Customer Journey!
'Bolt' wins under 'Public & Private Collaboration' category at NASSCOM Foundation TechForGood Awards 2024^³
Fire Away Queries
Like teachers say, there are no silly questions
Why should I invest in a guaranteed¹ income plan?
There are several reasons why you may want to consider investing in a guaranteed income plan:
- Security: With a guaranteed income plan, you can have peace of mind knowing that you will receive a fixed, predetermined income regardless of market conditions.
- Predictability: With a guaranteed income plan, you can plan your future financial goals with confidence, as you will know exactly how much income you will receive.
- Flexibility: Some guaranteed income plans offer flexibility in terms of the payment schedule and duration of the plan, allowing you to customize the plan to fit your needs.
- Tax benefits3: Some guaranteed income plans may offer tax benefits, allowing you to potentially save on taxes while also receiving a steady income.
Overall, a guaranteed income plan can provide a secure, predictable, and potentially tax-advantaged source of income, which may be appealing for those looking to ensure financial stability and security.
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Why Should I opt for Edelweiss Life - Assured Income STAR?
Edelweiss Life- Assured Income STAR is a life insurance plan designed to provide protection to your family from any financial loss in case of an untimely death. The plan also offers a guaranteed¹ regular income and guaranteed¹ lump sum to you and your family, provided all due premiums are paid.
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What goals can I meet with this plan?
A guaranteed income plan can be a useful tool to help you achieve a variety of financial goals. Some potential goals that you may be able to achieve with a guaranteed income plan include:
- Meeting basic living expenses: A guaranteed income plan can provide a reliable source of income to cover your day-to-day expenses, such as rent or mortgage payments, groceries, utilities, and other bills.
- Saving for retirement: By receiving a steady income from a guaranteed income plan, you may be able to save for your retirement and create a more secure financial future.
- Funding education: A guaranteed income plan can be a useful way to save for education expenses, such as tuition, fees, and other costs associated with higher education.
- Planning for a major purchase: With a guaranteed income plan, you may be able to save and plan for a major purchase, such as a home or a car, by setting aside a portion of your income each month.
Overall, a guaranteed income plan can be a useful tool to help you achieve a variety of financial goals, depending on your individual needs and circumstances.
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Are all the benefits guaranteed¹?
Yes, all the benefits in this plan are guaranteed¹.
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What is the lowest premium that can be paid for this plan?
You can start your savings at just ₹30,000 per year or ₹2,640 per month.
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What is the minimum and maximum entry age for this plan?
The minimum entry age for the policy holder is 0 years for this plan.
The maximum entry age is 65 Years.
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What is the minimum and maximum sum assured for this plan?
Minimum sum assured with this plan is ₹1,50,000 for entry age 50 and above, and ₹2,10,000 for entry age 0-49. There is no limit on maximum sum assured (subject to Board Approved Underwriting Policy).
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Is the Life Cover available throughout the policy term?
Yes, Life Cover is available throughout the policy term. There are two life cover options available:
Option 1: 7x (for age at entry less than 50 years) or 5x (for age at entry 50 years and above) of annualized8 premium.
Option 2: 10 times annualized8 premium.
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What is the Premium Paying Term (PPT) for this plan?
This product offers Premium Paying Term (PPT) options of 5 Pay, 6 Pay, 7 Pay, 8 Pay, 10 Pay and 12 Pay.
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What is the Policy Term for this plan?
Policy term will depend on the plan option.
Policy term options for Regular Income- 20, 25, 30, 35, or 40 years. Policy Term 20 is not available for PPT 5, 6 and 7 for Death Benefit Option 2.
Policy term options for Regular Income Advantage- 25, 30, 35, or 40 years.
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What are the modes of Premium Payment available?
Mode of premium payment available with this plan are - Annual, Half Yearly, Quarterly & Monthly. Only annual pay is available for Regular Income Advantage plan option.
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What are the modes of Income Payout Frequency?
Income Payout Frequency can be - Annual, Half Yearly, Quarterly & Monthly if premium paying frequency is annual. If premium paying frequency is any option other than annual, then income will only be paid out on an annual basis.
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What is Maturity Benefit in this plan?
On survival of the Life Assured till the date of maturity, while the policy is in-force, the Maturity Benefit will be payable as lumpsum, and the policy will terminate without any further benefit.
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What is a Rider?
A rider is an additional benefit that you can opt for, to enhance your plan. These are available at a nominal extra cost.
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Are there any Riders available?
Following are the riders available with this plan:
- Edelweiss Life - Accidental Death Benefit Rider
- Edelweiss Life - Accidental Total and Permanent Disability Rider
- Edelweiss Life - Critical Illness Rider
- Edelweiss Life - Waiver of Premium Rider
- Edelweiss Life - Payor Waiver Benefit Rider
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Can I get a loan through this plan?
Yes, you can get a policy loan once policy acquires surrender value.
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What is the free look period of this policy?
You have a freelook period of 30 days from the date of the receipt of the policy document for the policy issued after 1st April 2024 and processing TAT for same is 7 days.
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Are there any exclusions?
In case of death due to suicide within 12 months from the date of commencement of risk or from the date of Revival of the policy, as applicable, the Nominee or Beneficiary of the Policyholder shall be entitled to 80% of the total premiums paid till the date of death or the Surrender Value available as on the date of death whichever is higher, provided the policy is in-force.
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Do I get any Grace Period?
You have a Grace Period of 15 days if you pay the premium monthly, and 30 days in all other cases during which you must pay the premium due in full. The policy will be in-force during the Grace Period.
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1- This is applicable only if all due premiums are paid and the policy is inforce.
2- In this plan, regular guaranteed income will depend on the plan option chosen. In case of Regular Income option, a regular guaranteed income called ‘Income Benefit Pay-out’ will be payable in arrears every year starting from the first policy year till maturity or death of the Life Assured, whichever is earlier, while the policy is in-force. In case of Regular Income Advantage option, an advantage benefit as a % of annualised premium will be payable beginning of the 1st policy year, after receipt of first premium. Starting from the second policy year till maturity or death of the Life Assured, whichever is earlier, while the policy is in-force, a Regular guaranteed income called ‘Income Benefit Pay-out’ will be payable in arrears every year.
3- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
8- Annualized Premium shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.
9- Riders are Optional and available at extra cost. Please refer rider brochure for more details.
^³ - Source: Nasscom Foundation concludes the 3rd edition of TechForGood Awards 2024, powered by CGI to recognize innovations driving social impact. Among our Udaan Strategy’s 4 key projects, Bolt has helped us introduce insta-decision capabilities in our customer onboarding journey. This in turn has significantly improved customer buying experience. This award recognizes this innovative use of technology to create positive impact.
** - Claim statistics are for Financial Year 2024-25 and is computed basis individual claims settled over total individual claims for the financial year. For details, refer to Public Disclosures in our Website.
Edelweiss Life - Accidental Total and Permanent Disability Rider is an Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance rider. UIN 147B001V05
Edelweiss Life - Accidental Death Benefit Rider is an Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance Rider. UIN 147B002V05
Edelweiss Life - Waiver of Premium Rider is an Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance rider. UIN 147B003V06
Edelweiss Life – Payor Waiver Benefit Rider is an Individual, Non-Linked, Non-Participating, Pure Risk Premium, Life Insurance Rider. UIN 147B014V06
Edelweiss Life - Critical Illness Rider is an Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance rider. UIN 147B005V05
Edelweiss Life – Assured Income STAR is an Individual, Non-Linked, Non- Participating, Savings, Life Insurance Plan. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the tax laws. The tax benefits under this Policy may be available as per the prevailing Income Tax laws in India. For more details on risk factors and terms and conditions, please read the sales brochure carefully before concluding a sale.
Edelweiss Life Insurance Company Limited (formerly known as ‘Edelweiss Tokio Life Insurance Company Limited’).
Flower & Edelweiss are trademarks of Edelweiss Financial Services Limited used by Edelweiss Life Insurance Company Limited under license.
IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336. UIN: 147N116V01| ARN: WP/4386/Jan/2026
Registered & Corporate Office: 6th Floor, Tower 3, Wing ‘B’, Kohinoor City, Kirol Road, Kurla (W), Mumbai 400070.
Toll Free No.: 1800 212 1212 | www.edelweisslife.in
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint. |