Exide Life Guaranteed Income Insurance Plan

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.

3 Reasons to Buy this Plan

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.

I'm Interested Calculate Benefits

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.

*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.

Premium Payment Term	Premium Range
For 11% p.a.
7	₹24000 – ₹47,999
10	₹18,000 – ₹35,999
12/15	₹12,000 – ₹23,999

Premium Payment Term	Premium Range
For 12% p.a.
7	₹48,000 – ₹95,999
10	₹36,000 – ₹71,999
12/15	₹24,000 – ₹47,999

Premium Payment Term	Premium Range
For 13% p.a.
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.

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.

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.

Save Tax + -

You save tax on premiums paid and benefit amount under section 80C and section 10(10D) respectively.

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Your Date of Birth

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Annual

Monthly

₹ Enter Premium amount you wish to pay

Premium mentioned above is exclusive of service tax plus applicable cess

Disclaimer

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

About This Plan