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"IN THIS POLICY, INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER"

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Reasons Why You’re Bound To Love Us Back Guaranteed Income star

Reasons Why You’re Bound To Love Us Back

Fire Away Queries guaranteed income plan

Fire Away Queries

Like teachers say, there are no silly questions

Why should I invest in a Guaranteed Income Plan?

The stock market can often be volatile, so it’s always safe to have a backup plan. A guaranteed return plan offers a pandemic-proof and recession-proof income, that  remains unaffected by market conditions. This plan caters to your financial needs for organized wealth accumulation, along with providing protection for your family and giving tax benefits. With these benefits, you can ensure your achievement of future goals, whether it be a relaxed retirement, child’s education, luxury car, or even a dream vacation!

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Edelweiss Life – Guaranteed Income STAR is a savings plan designed to provide guaranteed income, protection to your family from any financial loss in case of an untimely death or diagnosis of a covered Critical Illness, and also offers tax savings up to Rs. 46,800 with premiums paid u/s 80C. It has two different plan options to help you customize the plan as per your requirements

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You may want an early retirement that can be enjoyed in style with a regular guaranteed income, or it could be an international education course for your child. It would be ideal to invest in a plan that helps you accumulate wealth and generate income via guaranteed returns to achieve these goals, even in your absence. Other goals may include finishing off your loans, buying your dream car, house, or planning a foreign trip with your family.

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The minimum maturity age is 18 and the maximum maturity age is 100, both as per the last birthdays.

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Yes, you can choose to receive your regular guaranteed income with or without the Lumpsum Income option on the maturity date.

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Yes, all the benefits in this plan are guaranteed.

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There is a Large Premium Discount available, which means you can enhance your guaranteed income amount by aiming for high annualized premium bands, i.e., 1 lac, 2 lacs, 5 lacs or above.

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Under the large income option, you can choose to receive your guaranteed income via Level Income or Increasing Income. The Level Income option refers to receiving the same amount each policy year. The Increasing Income option refers to the income amount increasing each policy year by a predetermined multiplier factor.

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Life Cover is available throughout the policy term, provided all premiums are paid and the policy is in-force. 

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This plan offers 2 plan options to choose from – Flexible Income & Large Income. The Flexible Income option offers a regular stream of guaranteed income, called the

‘Income Benefit Pay-out’ starting from the chosen policy year, starting from as early as the 2nd policy year. This is called the ‘Income Start Point’. You will receive your guaranteed income from this policy year till the end of policy term.

The Large Income option offers the choice of receiving your guaranteed income on predetermined policy years after the completion of your premium paying term. You can choose to receive this income via Level Income or Increasing Income option.

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With all plan options, there is an additional optional benefit called the Family Income Benefit. This benefit ensures that in case of an unfortunate event of death or diagnosis of a covered Critical Illness of the Life Insured, you and your loved ones don’t have to compromise on your dreams as you/they will continue to receive benefit. There are two options available under the Family Income Benefits - Family Income Benefit on Death or Family Income Benefit on Critical Illness and Death.

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For all plan options, the Premium Paying Term (PPT) options are 5, 8, 10 & 12 years.

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A rider is an additional and optional benefit that you can choose, to enhance your plan.

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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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Yes, you can get a policy loan once policy acquires surrender value. 

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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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In case of death due to suicide within 12 months from the risk commencement date or from the date of revival of the policy, your beneficiary shall be entitled to receive at least 80% of the Total Premiums Paid, provided the policy is in in-force.

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Grace period of 15 days, where you pay the Premium monthly, and 30 days in all other cases, is available.

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customize any query guaranteed income star

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We are always there for you !

For queries, write to [email protected]

Contact us on 022 6611 6021

^³ - Listed as one of the Most Trusted BFSI Brands 2023 by Marksmen Daily. The survey conducted by LeadCap Ventures for Marksmen Daily appraised the brands based on parameters like quality & consistency, uniqueness, value delivered, Brand affinity, innovation, affluence and more. Source: https://marksmendaily.com/2023/06/24/building-trust-in-a-changing-world-order/

** - Claim statistics are for Financial Year 2023-24 and is computed basis individual claims settled over total individual claims for the financial year. For details, refer to Public Disclosures in our Website.
1- This is applicable only if all due premiums are paid and the policy is inforce.

2- Policy loan is 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 Death Benefit Rider is an Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance Rider. UIN 147B002V05
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 - Critical Illness Rider is an Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance rider. UIN 147B005V05
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, Health Insurance rider. UIN 147B014V06

Edelweiss Life – Guaranteed 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’).
IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336. UIN: 147N073V03 | ARN: WP/3936/Oct/2024 
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
Flower & Edelweiss (as displayed above) are trademarks of Edelweiss Financial Services Limited used by Edelweiss Life Insurance Company Limited under license.

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.