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    • Give your income a top up with exide life income advantage plan
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Give Your Income a Top-up with Exide Life Income Advantage Plan

Savings and Investments
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    • Exide Life Income Advantage Plan supplements your income
    • It offers guaranteed income during the second half of the policy term upon survival
    • It offers you the flexibility to choose the income received
    • The extra income helps you fulfil your financial goals and dreams
    Term plan

    Exide Life Income Advantage Plan is a life insurance policy that supplements your earnings by providing you a source of second income. Read on to know the exciting features and benefits of this life insurance policy.

    Extra Income to Address Your Varied Needs and Financial Goals

    With time, bigger responsibilities come your way. Your child’s higher education, his/her marriage and eventually your retirement; these are the major milestones for which you need to prepare early and build a large corpus.

    Along the way, you may need to tackle exigencies such as job loss or a medical emergency in the family. With inflation eroding the value of money, what seems sufficient now is not adequate for the future.

    With Exide Life Income Advantage plan offering you guaranteed income, not only you can beat the effects of inflation but ensure you have sufficient finances to address the aforementioned goals and tackle unpleasant surprises.

    The table below highlights the number of years you will receive guaranteed income as per your chosen policy term upon survival:

    Policy Term

    Premium Payment Term

    Number of Years You Will Receive Guaranteed Income

    16 Years

    8 Years

    8 Years

    24 Years

    12 Years

    12 Years

    30 Years

    15 Years

    15 Years


    So, if you have chosen a policy term of 16 years, after paying the premium for 8 years you will receive regular income from the 9th year of the policy term till the 16th year.

    Flexibility to Receive Income

    Exide Life Income Advantage Plan offers you the flexibility to receive your income. You can either choose:

    • A Pure Income Benefit
    • Income with Maturity Benefit

    The pure income benefit gives you a lump sum along with the applicable bonuses. Income with maturity benefit pays you the lump sum every year and accumulates the bonuses, if any, during the policy term. The bonuses are paid when the policy term gets over. In case of your demise during the policy term, your nominee receives the sum assured along with the accrued bonuses.

    Take, for example, the case of 45-year-old Suresh. Living with his wife and two children, Suresh will pay a premium of ₹1 lakh for 15 years for a policy term of 30 years. Here's what he’ll receive from the 16th year of the policy term till the 30th year as per his chosen income option:

    Income Option Chosen

    Amount Received Per Annum*

    Pure Income Benefit

    ₹2,12,345 PA

    Income with Maturity Benefit

    ₹1,26,837 PA; maturity benefit of ₹21,75,702 is paid on the 30th Year


    *The figure is calculated considering the rate of returns to be 8%. (This is indicative, non-guaranteed and depends on the performance of the funds).

    In case of Suresh’s untimely demise during the policy term, his nominee will receive a sum assured of  ₹10,00,000 along with the accumulated bonuses.

    Other Benefits

    The policy not only augments your income but also protects the financial interests of your family and dependents in case of your demise during the policy term. While you pay premium for the first half of your chosen policy term, you remain insured throughout the policy term. Also, available are the various riders for enhanced protection.

    Thus, Exide Life Income Advantage Plan helps you augment your current income and helps you build long-term wealth to fulfil your financial goals and long-cherished dreams. Click here to know more about this policy.

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    Exide Life Income Advantage Plan

    Exide Life Income Advantage Plan is a unique savings cum insurance plan which works to your advantage by providing a regular income and life insurance cover.

    Read More
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    IRDAI notice : Beware of Spurious/ Fraud Phone Calls: IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

    Exide Life Insurance Company Limited.
    IRDAI Registration Number: 114, CIN:U66010KA2000PLC028273
    Registered Office: 3rd Floor, JP Techno Park, No. 3/1, Millers Road, Bangalore- 560 001, India.
    2020 Exide Life Insurance Company Limited. All rights reserved.

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