This plan ensures financial protection for your family members in case of an unfortunate event. A lump sum amount equal to 10 times** the annual premium along with accumulated bonuses and Applicable Guaranteed Terminal Additions is paid to the family in case of policyholder’s demise.
End of Policy Year
|
5th
|
6th
|
7th
|
8th
|
9th
|
10th
|
11th
|
12th
|
13th
|
14th
|
15th
|
Guaranteed Terminal Additions payable as a percentage of Sum Assured on Maturity
|
7.5%
|
9%
|
10.5%
|
12%
|
13.5%
|
30%
|
33%
|
36%
|
39%
|
42%
|
45%
|
You have to pay premiums for only 5 years while the benefits continue for the full policy term. You can choose from policy term options of 10 years, 12 years or 15 years.
** Policy holders for the age 45 years and above at start of policy have an option to select 7 times the annual premium as the lump sum amount.
Guaranteed^ Sum Assured on Maturity
On completion of policy term, Exide Life Assured Gain Plus helps you achieve your financial goals and reach important milestones in your life’s journey by paying:
Sum Assured on Maturity
+
Applicable Guaranteed Terminal Additions
+
Vested Simple Reversionary bonus, if declared
+
Terminal Bonus, if declared
This amount is exempt from income tax as per prevailing income tax laws subject to change from time to time.
The Maturity benefit shall not be less than 101% of the contractual base premium payable under the policy excluding GST, rider premiums and premiums paid for extra mortality loading.