Exide Life Insurance today launched Exide Life Guaranteed Wealth Plus, a extensive life insurance coverage program that presents assured returns, to support men and women fulfil their economic desires along numerous life stages.
It is a non-linked, non-participating person life insurance coverage savings program that will supply men and women the solution to opt for amongst two variants – revenue variant and lump sum variant.
Under the revenue variant, one can spend a premium for 6 years and avail assured fixed revenue payout for 30 years. Additionally, on maturity, the policyholder will acquire one hundred per cent of the premiums paid. The corporation claims, this is an perfect payout solution for men and women who want an extra stream of revenue or a common money flow to meet numerous life stage economic targets such as a child’s education, marriage and so on.
Under the ‘Lump sum’ variant, one can spend the premium for 6 years and avail of the maturity advantage as a lump sum even though enjoying life cover for the complete policy term.
The item presents life cover for the duration of the complete revenue payout period, below the protection-cum-returns proposition. Within particular age bands and based on the policy term, the maturity advantage also remains the similar irrespective of the entry age.
The corporation additional claims, the Exide Life Guaranteed Wealth Plus is made to cushion policyholders against volatile markets, altering tax laws and reinvestment threat which is higher more than the lengthy term. The item also presents protection by means of two Rider solutions – Exide Life Critical Illness and Exide Life Term Rider.
Sanjay Tiwari, Director- Strategy, Exide Life Insurance says, “The Exide Life Guaranteed Wealth Plus product not only caters to the diverse financial needs of our customers but also offers individuals with a lucrative option to build wealth.”
The maximum entry age is capped at 60 years whereas the minimum age is at 3 years and 11 years for the lump sum and revenue variants respectively.
Here are some of the essential item options
- Choose from the Regular Income or Lumpsum Payout solution
- Avail Guaranteed Fixed Income for 30 Years
- Offers life cover all through the Income Period
- Up to 350 per cent assured Returns