Serving over 15 lakh customers in over 200 cities in India.

Call Us (Toll Free) 1800 _419 _8228
X
Loading...
Have a Query ?
Are you an existing customer?

Contact me via

Mandatory Fields Disclaimer XBy sharing your details, you are authorizing an Exide Life Insurance representative to contact you.
Last Visits
X

3 Reasons to buy this plan

1 Pay for first half. Get tax free income during second half of policy.
2 Continued life cover during the income payout period
3 Guaranteed tax free maturity benefit

Key Benefits

1. Regular Guaranteed Income
You pay premium for a 'chosen number of years' and start receiving a guaranteed regular income for the remaining period till the end of policy term. You have an option to receive income, monthly or annually.
2. *Guaranteed Income Payout Rates of up to 13% p.a.
You can choose the rate at which you want the income payouts – 11% p.a., 12% p.a. or 13% p.a. Income is paid as a percentage of the sum assured chosen. The income payout rate varies with premium payment term and premium amount chosen.
For 11% p.a.
Premium Payment Term Premium Range
7 24000 – 47,999
10 18,000 – 35,999
12/15 12,000 – 23,999
For 12% p.a.
Premium Payment Term Premium Range
7 48,000 – 95,999
10 36,000 – 71,999
12/15 24,000 – 47,999
For 13% p.a.
Premium Payment Term Premium Range
7 96,000 – above
10 72,000 – above
12/15 48,000 – above
In case monthly income payout opted, the percentages applicable are 0.85% p.m. / 0.90% p.m. / 1% p.m. for income payout rate of 11% p.a., 12% p.a. and 13% p.a. respectively.
3. Maturity Benefit
At end of policy term, you receive a lump sum amount equal to sum assured. This is paid along with the last income payout.
4. Guaranteed Life Cover for Full Policy Term
In case of unfortunate eventuality, your family will get highest of following:
  • 10 times the annual premium.
  • Sum Assured
  • 105% of the premiums paid
You can choose from the following life cover payout options:
Option A: Receive a Lump Sum Amount, or
Option B: Receive as Family Income Benefit (FIB) wherein 110% of the life cover amount is given as monthly income spread over 60 months.
5. Save Tax
You save tax on premiums paid and benefit amount under section 80C and section 10(10D) respectively.

How does the Plan Work?

Mr Madhav is 40 years old and knows that his expenses will be at peak when he reaches in his fifties. Also, he is worried about uncertainty of income post his retirement. Exide Life Guaranteed Income Insurance Plan of 30 year policy term offers a good solution. He saves ₹50,000 p.a. for 15 years and gets these benefits:

Benefit 1: Guaranteed Regular Income of ₹67, 626 from 16th policy year to 30th policy year.
Benefit 2: Guaranteed Maturity Benefit of ₹5.20 Lac in 30th policy year.
Benefit 3: Guaranteed Life Cover throughout the policy term of 30 years

Exide Guaranteed income plan works

Premium mentioned above are exclusive of service tax

Key Features

Policy Term 15 Years 20 Years 24 Years 30 Years
Premium Payment Term 7 Years 10 Years 12 Years 15 Years
Income Payout Term 8 Years 10 Years 12 Years 15 Years
Minimum Age at Entry 11 Years 8 Years 6 Years 3 Years
Maximum Age at Entry 55 Years 55 Years 55 Years 55 Years
Minimum Annualized Premium ₹24,000 ₹18,000 ₹12,000 ₹12,000
Maximum Annualized Premium No Limit
Sum Assured Minimum: ₹90,978 Maximum: No Limit
Premium Payment Frequency Monthly, Annual
*Insurance is the subject matter of the solicitation. Exide Life Guaranteed Income Insurance Plan UIN: 114N067V01. *Guaranteed Income Payout is made as a percentage of the sum assured chosen. The income payout rates depend on policy term and premium amount chosen. For more details on risk factors, terms and conditions, please read the sales brochure of the product carefully before concluding a sale. Tax benefits are subject to change in tax laws from time to time.

Exide Life Insurance Company Limited (Formerly known as ING Vysya Life Insurance Company Limited), IRDA Registration Number: 114, CIN: U66010KA2000PLC028273. Registered Office: 3rd Floor, JP Techno Park, No. 3/1, Millers Road, Bangalore- 560 001, India. Toll Free: 1800 419 8228; Phone: 080 – 25328000; Visit exidelife.in URN: EXL/ONLINE/2014/139

Beware of spurious phone calls and fictitious/fraudulent offers: IRDAI clarifies to public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus, public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.
Exide Life Guaranteed income insurance plan
Who should buy?
X

Who should buy?

Anyone who is looking for guaranteed regular income during the policy term in addition to other benefits like life cover, tax savings, lump sum amount on maturity.
What is Exide Life Guaranteed Income Insurance Plan?

This plan provides a guaranteed regular income to help you boost your life style. >>

(UIN:114N067V01)
X
What is Exide Life Guaranteed Income Insurance Plan?
This plan provides a guaranteed regular income to help you boost your life style. You have to pay premium for few years and you get guaranteed benefits like regular income at an attractive rate of 11% - 13% p.a., lump sum amount on maturity and life cover throughout the policy term.
Key Benefits
Key Benefits
how does the guaranteed income insurance plan work
How this plan works?
Product Brochure
Product Brochure
3 Reasons
to buy this plan
Loading...
X
Meet an Exide Life Insurance Advisor
Are you an existing customer?

Continue

Mandatory Fields Disclaimer XBy sharing your details, you are authorizing an Exide Life Insurance representative to contact you.
Investment Calculator
Investment Calculator
Bonus Track Record
Our Good Bonus
Track Record
My Life