Rahul, 35 years old, wants to save regularly from his salary to manage his future expenses.
He chooses Exide Life Saral Bachat and pays an yearly premium of ₹10,000 for 10 years.
He gets life insurance cover of ₹1 Lakh (10 times of annualized premium). Let’s look at the
benefits offered to him under this plan
If he selects Variant 1 – Lump sum variant
If he selects Variant 2 – Income variant
X In case of death of Life Assured during the Policy Term, Sum Assured on Death will be paid to the nominee and the policy will terminate.
Basic Sum Assured under Variant 2 is ₹ 110,406
* For Annual Income Payout Mode: Guaranteed Income payable is ₹14,905 every year, from end of 11th year till the end of 20th year.For Monthly Income Payout Mode: Guaranteed Income payable is ₹1,192 every month from end of 121st month till the end of 240th month.