Edelweiss Life – Guaranteed Savings STAR is a guaranteed returns plan designed for you to save for your future. You can choose to receive your pay-out as lumpsum or as a regular stream over 5 years. With two plan options, i.e., Base Cover and Enhanced Cover, you can also protect your loved ones with 10x and 20x sum assured of the premium paid, respectively.

This plan helps any earning/business professional to set aside regular savings as small as Rs. 500 per month for wealth creation and tax-benefits. Be it a working woman, salaried professional, self-employed or businessman, this plan provides you a boost to fulfil your goals. With a savings plan, you can achieve life goals like child’s education or marriage. You can also fulfil other goals such as buying a luxury car, your dream home or planning a peaceful retirement. 

Yes, all the benefits in this plan are guaranteed.

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

The product offers following two Plan Options.  The Policyholder needs to select one of the Plan Options at inception – Base and Enhanced Cover. 

• Base Cover offers 10 times the Annual/Annualized Premium. 
• Enhanced Cover offers 20 times the Annual/Annualized Premium.

With ‘base’ plan option, there is an additional optional benefit of Family Income Benefits - Family Income Benefits on Death and Family Income Benefits on Critical Illness and Death. This benefit ensures that in case of an unfortunate event of death or diagnosis of 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 benef

For the Base Cover option, the Premium Paying Term (PPT) options are 5, 8, 10 & 12 years. However, if you plan to go for the Enhanced Cover option, the Premium Paying Terms (PPT) are 8, 10 and 12 years.

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

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.

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.

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

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

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

When bought online, the minimum premium for annual mode is Rs 6,000, for semi-annual mode is Rs. 3,072, for quarterly mode is Rs. 1,560 and for monthly is Rs. 500. There is no limit for maximum premium and is subject to board approved underwriting policy.

The minimum entry age without Family Income Benefit is 0 years and with Family Income Benefit is 18 years.