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What is Exide Life Assured Gain Plus?

You’ve worked hard to get the best of everything. Isn’t it nice to have a plan that ensures you keep living the exclusive life. Presenting Exide Life Assured Gain Plus. It is a traditional insurance-cum-investment plan in which you pay for just 5 years and enjoy tax free returns with life cover over the full policy term.

Who should buy?

This plan is suitable for those looking for guarantee with attractive tax free returns and want payment commitment for few years only.

3 Reasons to buy this plan

1 Attractive tax free returns with your capital guaranteed#
2 Pay for only 5 years
3 Enjoy life cover for the full policy term
#The Maturity benefit shall not be less than 101% of the contractual base premium payable under the policy excluding service tax, rider premiums and premiums paid for extra mortality loading. *The maturity benefit is tax free when the life cover is 10 times the annualized premium.

Key Benefits

1. Attractive tax free returns with your capital guaranteed#
On policy maturity, you get a guaranteed lump sum amount along with bonuses accumulated during the policy term. This amount is exempt from income tax under section 10(10D)*. Also, you save tax under section 80C* for an investment up to ₹1.5 Lac.

Maturity Amount = Guaranteed Lump Sum + Accumulated Bonuses

Guaranteed Lump Sum: The guaranteed lump sum amount depends on the policy term chosen as shown in table below.

Policy Term Guaranteed Lump sum on Maturity+
10 Years 130% of Sum Assured on Maturity
12 Years 136% of Sum Assured on Maturity
15 Years 145% of Sum Assured on Maturity
+On completion of chosen policy term

Example, if your policy sum assured is ₹5,00,000 and policy term is 15 years, on maturity you are guaranteed to get ₹7,25,000 (145% of ₹5,00,000)

Accumulated Bonus: You policy is eligible to earn bonus every year subject to the performance of the fund. These bonuses are accumulated as a percentage of the sum assured on maturity. Exide Life Insurance has a demonstrated a consistent bonus track record on its existing plans.

Example: If bonus rate of 5% is announced in a policy year, then a bonus of ₹25,000 (5% of ₹5,00,000) is added into your policy in that year.

#The Maturity benefit shall not be less than 101% of the contractual base premium payable under the policy excluding service tax, rider premiums and premiums paid for extra mortality loading. *The maturity benefit is tax free when the life cover is 10 times the annual premium.
2. Pay for only 5 years
You need to invest only for 5 years in this plan while the benefits continue for the full policy term. You can choose from policy term options of 10 years, 12 years or 15 years.

This gives you the peace of mind and flexibility to plan for new investments.

You also have an option to pay a lump sum amount once as single premium and enjoy benefits for the full policy term.
3. Life Cover for full policy term
This plan ensures financial protection for your family members in case of an unfortunate event. A lump sum amount equal to 10 times** the annualized premium along with accumulated bonuses and Applicable Guaranteed Terminal Additions is paid immediately to the family members applicable

End of Policy Year 5th 6th 7th 8th 9th 10th 11th 12th 13th 14th 15th
Applicable Guaranteed Terminal Additions payable
(% of Sum Assured on Maturity)
7.5 9 10.5 12 13.5 30 33 36 39 42 45

** Policy holders above age 45 years at start of policy have an option to select 7 times the annualized premium as the lump sum amount. Under all circumstances, the Life Cover will never be less than 105% of the premiums paid (excluding taxes and any extra premium amount paid).

How this plan works?

Ravi is 40 year old salaried professional who has a 6 year old daughter Niharika. He is planning to save money for Niharika’s higher education. He invests ₹1 lac p.a. for 5 years in Exide Life Assured Gain Plus with policy term of 15 years and gets a Sum Assured on Maturity of ₹4.65 lac. The benefits from the policy are shown below.
How this plan works
## Maturity amount assuming an investment return of 8% p.a. and 4% p.a. Premium mentioned is exclusive of service tax.

Key Features

Age at entry allowed For 10 year policy term: 8 – 60 Years
For 12 year policy term: 6 – 58 Years
For 15 year policy term: 3 - 55 Years
Premium Payment Term 5 years, Single Pay
Policy Term 10, 12 or 15 years
Premium Payment Frequency Annual / Semi Annual / Monthly++
Minimum Premium (₹) Annual: ₹60,000
Semi Annual: ₹30,000
Monthly: ₹5,000
Maximum Premium (₹) No limit (subject to board approved underwriting policy)
Multiple for Life Cover For entry age up to 45 years: 10 times the annual premium
For entry age above 45 years: Option of 7 or 10 times annual premium
++For monthly mode, 3 monthly premiums will be required to be paid on the commencement of the policy.
Exide Life Assured Gain Plus UIN:114N073V01. For more details on risk factors, terms and conditions, please read the sales brochure of the product carefully before concluding a sale. Bonus rates are not guaranteed for future years and past performance is not an indication of future performance. 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. Visit exidelife.in. ARN:EXL/2014/ONLINE/397
 Investment insurance plan 
Who should buy
Who should buy?
X

Who should buy?

This plan is suitable for those looking for guarantee with attractive tax free returns and want payment commitment for few years only.
Key Features
Key Features
What is Exide Life Assured Gain Plus?

You’ve worked hard to get the best of everything. Isn’t it nice >>

(UIN:114N073V01)
X
What is Exide Life Assured Gain Plus?
You’ve worked hard to get the best of everything. Isn’t it nice to have a plan that ensures you keep living the exclusive life. Presenting Exide Life Assured Gain Plus. It is a traditional insurance-cum-investment plan in which you pay for just 5 years and enjoy tax free returns with life cover over the full policy term.
Key Benefits
Key Benefits
How this plan works
How this plan works?
3 Reasons
to buy this plan
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