Guaranteed Flexi Star Customize
Edelweiss Life - Guaranteed Flexi STAR
Why This Plan is a Shining STAR for Your Savings!
Policy Year | Annualized Premium | Preponed Income Benefit Pay-out (Start of the Year) | Preponed IncomecBenefits Pay-out (End of the Year) | Balance Income Benefit Pay out/Survival Benefits / Loyalty Additions (End of the Year) |
Maturity Benefit (INR) | Death Benefit |
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Reasons Why You’re Bound To Love Us Back
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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
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 protection to your family from any financial loss in case of an untimely death and offers a guaranteed income and / or guaranteed lumpsum on maturity to you and your family, provided all due premiums are paid.
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Why Should I Opt for Edelweiss Life Guaranteed Flexi STAR?
Edelweiss Life – Guaranteed Flexi STAR is a life insurance plan designed to provide a protection to your family from any financial loss in case of an untimely death and offers a guaranteed regular income and / or guaranteed lumpsum on maturity 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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Who should purchase Guaranteed Flexi STAR?
Guaranteed Flexi STAR is suitable for anyone:
who wants a combination of life insurance and savings
who are risk averse or have a low-risk appetite
who wants to balance their investment portfolio with guaranteed savings plan
who wants to save for various financial needs like child future planning, retirement planning, wants to leave a legacy or any other financial goal.
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What is the lowest premium that can be paid for this plan?
You can start your savings at just ₹2,112 per month with this plan.
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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 70 Years.
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What is the minimum and maximum sum assured for this plan?
Minimum sum assured for those aged 0 to 49 is ₹1,68,000, while minimum sum assured for those 50 and above is ₹1,20,000. 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 three life cover multiples that you can choose from, 5x, 7x, or 10x the annualized premium. The life cover multiple for your plan will depend on your selected premium paying term as well as your age of entry. Please refer to the policy brochure for more details.
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What is the Premium Paying Term (PPT) for this plan?
This product offers Premium Paying Term (PPT) options of 5, 6, 7, 8, 9, 10, 11, and 12 years.
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What is the Policy Term for this plan?
The Policy Term (PT) options available will depend on the PPT option as well as the plan option chosen by the policyholder.
For Lumpsum Option:
For Premium Paying Term (PPT) of 5 to 8 years, Policy Term will 10 to 40 years all inclusive.
For Premium Paying Term (PPT) of 9 to 12 years, Policy Term will be 15 to 40 years all inclusive.
For Lumpsum with Income Option:
For Premium Paying Term (PPT) 5, Policy Term will be 21, 26, 31, 36, & 41 years
For Premium Paying Term (PPT) 6, Policy Term will be 22, 27, 32, 37 & 42 years
For Premium Paying Term (PPT) 7, Policy Term will be 23, 28, 33, 38 & 43 years
For Premium Paying Term (PPT) 8, Policy Term will be 19, 24, 29, 34 & 39 years
For Premium Paying Term (PPT) 9, Policy Term will be 20, 25, 30, 35 & 40 years
For Premium Paying Term (PPT) 10, Policy Term will be 21, 26, 31, 36 & 41 years
For Premium Paying Term (PPT) 11, Policy Term will be 22, 27, 32, 37 & 42 years
For Premium Paying Term (PPT) 12, Policy Term will be 23, 28, 33, 38 & 43 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.
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What are the modes of Income Payout Frequency?
Income payout will be paid out annually upon choosing Lumpsum with Income plan option.
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What is Maturity Benefit in this plan?
If ‘Lumpsum Plan Option’ is chosen: The Maturity Benefit will be Sum Assured on Maturity plus the Accrued Guaranteed Additions payable as a lumpsum on the maturity of the policy if the Life Assured survives till the end of the Policy Term, provided the policy is in-force.
If ‘Lumpsum with Income Plan Option’ is chosen: In addition to the last Income Benefit Pay-out instalment, Maturity Benefit which is equal to Sum Assured on Maturity will be payable as a lumpsum on the maturity of the policy if the Life Assured survives till the end of the Policy Term, provided the policy is in-force. The Sum Assured on Maturity is maximum of (10, PPT) times the Annualized Premium.
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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 - Waiver of Premium Rider
Edelweiss Life - Payor Waiver Benefit Rider
Edelweiss Life – Critical Illness 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 of the Life Assured due to suicide within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the nominee or beneficiary of the policyholder shall be entitled to at least 80% of the Total Premiums Paid till the date of death or Surrender Value available as on the date of death whichever is higher, provided the policy is in force. The policy will terminate on making such a payment, and no further benefits are payable.
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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 in-force.
2- Policy loans are subject to terms & conditions of the product. Refer product brochure for more details.
3- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
9- Riders are Optional and available at extra cost. Please refer rider brochure for more details.
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 – Guaranteed Flexi 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. Depending on your financial needs, we request you to make an informed decision when selecting the appropriate option suitable to you. 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: 147N112V01 | ARN: WP/4052/Jan/2025
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 FICTIOUS/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. |