Published on April 4, 2022
Accounting for the increasing need for customizable financial solutions, Edelweiss Tokio Life Insurance has launched Guaranteed Income Star, an income solution that helps address individual’s short and long-term financial goals.
This non linked, non-participating life insurance plan is designed to provide financial stability to policy holders by ensuring future income requirements with the dual benefits of savings and protection.
Commenting on the new product, Subhrajit Mukhopadhyay, Executive Director, Edelweiss Tokio Life Insurance said, “There is a strong need right now for solutions that offer protection, a steady income, and help individuals secure their long-term financial goals against temporary market movements. Through this product, we intend on bridging that gap to offer customer a protection cushion for their income.”
With this plan, customers can plan their income streams to fulfill any requirement from a short-term to a long-term goal through the ‘Flexible Income Option’ or a ‘Large Income Option’.
With the ‘Flexible Income Option’, customers can select their income goal from a multitude of options in which they can begin their payout as early as in the 2nd year of the plan. In the ‘Large Income Option’. income starts post premium paying term till maturity. Both plans can begin with a premium paying term as low as 5 years.
Here are some key benefits and choices that make Guaranteed Income Star a perfect Guaranteed Income Plan:
Other key benefits of the plan: