Guaranteed Income Star Edelweiss Life Insurance

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The Guaranteed Income Star Plan by Edelweiss Life is a non-linked, non-participating individual savings life insurance plan that secures your family monetarily. The plan offers stable guaranteed returns while securing the future goals effectively. With this plan in hand, you can make sure that your family’s aspirations and goals are met even if you are not around or you are diagnosed with a critical illness.

Highlights of Guaranteed Income Star Edelweiss Life Insurance

Claim settlement Ratio - 99.20%

Tax Benefits - Available as per prevailing tax laws

Insurance TAT – 24 hours

Accidental death benefit - Available

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Pros & Cons Guaranteed Income Star

The Guaranteed Income Star plan help you meet your changing financial needs with its different variants such as Flexible Income and Large Income

The plan allows the policyholder the flexibility to opt for ‘Income Start Point’ or the start of the income pay-out as well as the ‘Income Duration’ or the time period for which Income is payable

You can stay protected under the Guaranteed Income Star plan for up to 100 years of age. You also get protection against 12 critical illnesses under the plan with family income benefit option

The plan allows the insured to choose to receive lump sum + regular pay-out with the guaranteed income star plan

The Edelweiss Tokio Life Guaranteed Income STAR plan allows the insured to avail a loan in case of an urgent need of cash

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Edelweiss Life
Insurance Company

Edelweiss Life Insurance Company Limited was established in the year 2011 as a joint venture between Marine Holdings Incorporation, Japan’s oldest and largest insurance company, and Edelweiss Financial Services Limited. Edelweiss Life Insurance Company secured the position of Life InsuranceCompany of the year 2021. The company offers a host of insurance solutions for its retail and corporate customers. It customizes its insurance plans to meet the specific requirements of its customers. It offers comprehensive coverage at competitive prices, excellent customer service, innovative products, and comprehensive coverage with customization benefits.

Founded in

2011

Turnover (GWP)

1,690 Crore

JV Partners

Edelweiss Financial Services and Tokio Marine Holdings Inc.

Claims Experience

Claims Experience Rating 4.7

Claim Settlement Ratio (No. of claims)
What % of the claims received were paid?

99.20%

% of Complaints received on overall claims
% customers unhappy with claims experience

Less

Number of Branches

131+

Benefits Guaranteed Income Star Edelweiss Life

Key Benefits
Tax benefits	Available as per prevailing tax laws
Guaranteed Income	Guaranteed income benefits for Future Goals
Other Benefits
Family Income Benefit	Optional benefit
Accidental benefit	Nominee will get an additional benefit.
Loan on policy	Available
Retire easy	Limited paying term of 5, 8, 10, and 12 years
Options Available
Plan options	2 plan variants available
Lump-sum payout option	Avail additional lumpsum benefits at maturity

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Yes, the Guaranteed Income STAR plan offers the following riders, namely;
Accidental Death Benefit Rider, Accidental Total and Permanent Disability Rider, Critical Illness Rider, Waiver of Premium Rider, Payor Waiver Benefit Rider, and Income Benefit Rider.

The guaranteed return star plan offers an income that is not affected by market conditions and it caters to the financial needs of the insured. These plans are also beneficial as they allow tax benefits and ensure the fulfilment of your future goals.

Goals like early retirement, international higher education of children, paying off loans, buying your house, car or going on a foreign trip etc. can be met with the Guaranteed Income Star plan.

18 years is the minimum age of maturity, whereas the maximum age of maturity is 100.

Yes, the policyholder can seek to receive regular guaranteed income as Lump sum Income at maturity.

Yes, the Guaranteed Income STAR plan offers life cover all through the term of the policy. However, for that it is important to pay all premiums on time and to keep the policy active.