Exide Life Guaranteed Income Insurance Plan 2024 Benefits, Features, Details, Review

Exide Life Guaranteed Income Insurance Plan – As the world becomes ever-more complex, it’s important that we have options when it comes to insurance. That’s why Exide Life Guaranteed Income Insurance Plan 2024 is so important. This plan provides you with a range of benefits, including protection against income loss in the event of death. Not only is this a valuable option for those who are already struggling financially, but it can also help prevent financial instability in the event of a family tragedy. Learn more about this important insurance plan and decide if it’s right for you.

The Exide Life Guaranteed Income Insurance Plan is the best option if you want an insurance plan that will help you save more money while also guaranteeing regular income. This plan requires the policyholder to pay the premium for a few years in order to receive the guaranteed benefits of regular income at an appealing interest rate of 11 to 13 percent per annum, a lump sum, and comprehensive life insurance throughout the policy term. Benefits will accrue in the second half of the policy term to a policyholder who promptly pays the premium during the first half of the term. In addition, the insured receives a tax-free maturity benefit. The Exide Life Guaranteed Income Insurance Plan is available for purchase by anyone seeking a guaranteed payout.

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Exide Life Guaranteed Income Insurance Plan 2024

Are you concerned about the future? Do you worry about how you will be able to provide for yourself and your family if something happens to you? If so, you may be interested in Exide Life Guaranteed Income Insurance Plan 2024. This plan provides insurance protection for individuals and families against a number of unexpected events, including death, disability, and loss of income. It’s a great way to ensure that you and your loved ones are taken care of no matter what happens.

Exide Life Ensured Pay Insurance plan is a non-partaking protection conspire that commitments ensured pay after finishing of installment term. Additionally, the policy guarantees death benefits for the duration of the premium payment term. Customers can save money and get insurance protection through this Exide Life insurance plan. The policy protects your loved ones from the risks of life while enabling you to fulfill your dream. The scheme aims to build up a fund to meet all of your anticipated and unanticipated financial requirements.

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Exide Life Guaranteed Income Insurance Plan

Exide Life Guaranteed Income Insurance Plan 2024 Details

Name Of ArticleExide Life Guaranteed Income Insurance Plan 2024
Exide Life Guaranteed Income Insurance PlanClick Here
CategoryInsurance
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What Is Exide Life Insurance Guaranteed Income security Plan?

Exide Life Insurance is a leading provider of guaranteed income security plans for individuals and families. These plans offer a range of benefits, including death and disability insurance, long-term care insurance, and much more. If you’re concerned about your financial security in the event of an unexpected death or illness, we recommend that you consider an Exide Life Insurance guaranteed income security plan. We’ll explain everything you need to know in this blog post.

A non-participating insurance plan with a guaranteed regular income is the Exide life guaranteed income security plan.

Features and benefits:

  • Guaranteed income-You can anticipate earning between 11 and 13 percent per month as a guarantee. A. During the income payout period, you will still be eligible for the entire guaranteed death benefit.
  • Death benefits – The beneficiary of the policy will receive the greater of ten times the annual premium or 105 percent of the premiums paid less any unpaid due premiums or the sum assured in the event of the policyholder’s death.
  • Tax benefits– enjoy tax Profit on regular income and maturity proceeds.
  • Loan – The policy will be eligible for the policy loan facility once its surrender value has been reached.
  • Premium payment– You can pay the premiums on a monthly, quarterly, half-yearly, or annual basis.

Eligibility – Who is the Exide Life Guaranteed Income Insurance Plan for?

Individuals who are interested in purchasing the Exide Life Guaranteed Income Insurance Plan must satisfy the following eligibility requirements:

ParameterDetails
Plan TypeGuaranteed Income Insurance Plan
Minimum Entry Age
15 years policy term20 years policy term24 years policy term30 years policy term
11 years8 years6 years3 years
Maximum Entry Age55 years
Minimum Age at Maturity
15 years policy term20 years policy term24 years policy term30 years policy term
26 years28 years30 years33 years
Maximum Age at Maturity
15 years policy term20 years policy term24 years policy term30 years policy term
70 years75 years79 years85 years
Policy Term15,20,24, and 30 years

Sum Assured and Premium Range – What you get and what it costs?

When purchasing the Exide Life Guaranteed Income security Plan, the policyholder is responsible for determining the sum assured. For more information about the Exide Life Guaranteed Income Insurance Plan’s premium range and sum assured, see the table below:

ParameterDetails
Sum AssuredThe minimum sum assured under the Exide Life Guaranteed Income Insurance Plan is Rs.90,978 and there is no maximum limit.
Premium Payment Term
15 years policy term20 years policy term24 years policy term30 years policy term
7 years10 years12 years15 years
Payout Term
15 years policy term20 years policy term24 years policy term30 years policy term
8 years10 years12 years15 years
Minimum Annualised Premium
15 years policy term20 years policy term24 years policy term30 years policy term
Rs.24,000Rs.18,000Rs.12,000Rs.12,000
Maximum Annualized PremiumNo limit
Premium Payment FrequencyMonthly/Annual

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What the Exide Life Guaranteed Income security Plan Covers?

Protecting your assets is one of the most important things you can do for yourself and your family. That’s why many people turn to life insurance and retirement plans to protect their assets. But what about when something happens that you can’t control? That’s where the Exide Life Guaranteed Income security plan comes in. This policy offers protection for you and your loved ones in the event of an unfortunate death. It covers everything from medical expenses to loss of income. To learn more about this policy, and to get a free quote, visit our website today!

The advantages of the Exide Life Guaranteed Income security Plan are as follows:

Survival Benefit (Regular Guaranteed Income)The policyholder will be eligible to receive the regular guaranteed income for the remainder of the policy’s term once they have completed the premium payment period. Please be aware that this survival benefit will not apply after the insured person’s death.
Maturity BenefitAdditionally, maturity benefit is provided by the Exide Life Guaranteed Income security Plan. The policyholder chooses a sum assured amount for the maturity benefit at the beginning of the policy. Together with the last GI payout, it is paid out at the end of the policy term.
Guaranteed Death BenefitA guaranteed death benefit is paid out in the event that the policyholder passes away. This benefit is ten times greater than the sum assured, annual premium, or 105% of the already paid premiums minus any unpaid premiums.
Reduced Paid-up BenefitIf the first two years’ premiums are paid on time for policies with a 7-year premium payment term and at least three full years’ premium are paid for policies with 10, 12, and 15-year premium payment terms, the policy may also be eligible for a reduced paid-up benefit. Policyholders can receive reduced paid-up benefits in three forms: reduced paid-up survival benefit, reduced paid-up maturity benefit, and reduced paid-up death benefit.

Riders-Add-On Plans – Additional Coverage under the Exide Life Guaranteed Income security Plan:

Policyholders of the Exide Life Guaranteed Income security Plan have the option of customizing their protective cover by adding riders to their policy for a small additional fee. Please be aware that riders can be added at policy anniversary or at policy start. The Exide Life Guaranteed Income Insurance Plan comes with a few different add-on plans, some of which include:

  • Exide Life Critical Illness Regular Pay
  • Exide Life Critical Regular Pay
  • Accidental Death, Dismemberment, and Disability Rider for Exide Life (UIN:114B002V02)
  • Exide Life Term Rider (UIN:114B007V02)

Please be aware that the rider sum assured for each rider cannot exceed the base policy’s death benefit under any circumstances.

Additional Highlights of the Exide Life Guaranteed Income Insurance Plan:

Exide is a global insurer with over $200 billion in assets under management. As part of its marketing efforts, Exide has developed a range of products designed to meet the needs of its customers. One such product is the Exide Life Guaranteed Income Insurance Plan. This plan offers protection against a range of risks, including unemployment, illness, and death. In this article, we’ll provide you with additional highlights of the plan, including information on premiums, benefits, and how to apply.

Additional important features of the Exide Life Guaranteed Income security Plan include the following:

Guaranteed Surrender ValuePolicyholders will receive a surrender value that is guaranteed under the Exide Life Guaranteed Income security Plan.
Special Surrender ValueAt no point will the Special Surrender Value fall below the guaranteed surrender value. The plan’s performance affects the special surrender value.
LienThe coverage for minor lives under the age of 12 will not begin until two years after the policy’s issuance. The death benefit will be limited to the non-interest-bearing refund of all premiums paid in the event that the minor passes away prior to the risk cover taking effect.
Grace PeriodThere is a 15-day grace period for the Exide Life Guaranteed Income security Plan, and other methods of premium payment take 30 days.
LapseThere is a 15-day grace period for the Exide Life Guaranteed Income security Plan, and other methods of premium payment take 30 days.
Revival / RenewalIf the policy is revived within two years of the date of the first unpaid premium, it can be reinstated for full benefits.
Free Look PeriodThe Exide Life Guaranteed Income security Plan offers a 15-day free look period during which policyholders can cancel the policy and receive a refund of their premiums.
Policy Loan FacilityPolicyholders who have reached the surrender value of their policy are eligible for a loan under the Exide Life Guaranteed Income security Plan.
Modal Factor
Mode of premiumMultiplicative factor
Monthly1
Quarterly2.90
Half-Yearly5.68
Yearly11.01
AssignmentThe Exide Life Guaranteed Income Insurance Plan permits assignments.
NominationThe Exide Life Guaranteed Income Insurance Plan allows for nominations.

Exclusions – What is excluded from the Exide Life Guaranteed Income Insurance Plan?

The suicide exclusion is one of the exclusions in the Exide Life Guaranteed Income Insurance Plan.

Suicide exclusion: 80 percent of the premiums paid, minus service tax, will be due in the event of the life insured’s suicide within one year of the policy’s issuance. The insured will be responsible for paying either the surrender value that was available on the date of death or 80% of the premium paid, minus service tax, until the insured’s death,  whichever is greater.

Why Should the Exide Life Guaranteed Income Insurance Plan Be Your First Choice?

This is the right product for you if you want to retire with regular income or if you want to keep your finances safe and well-funded in case of an emergency. In addition, Exide Life Insurance Company Limited is a reputable and long-standing insurance company in the nation. The company’s primary focus is on creating sector-specific insurance products. Exide Life Insurance Company Limited has everything you need, from protection plans and retirement plans to group business insurance products and savings and investment plans. Therefore, the Exide Life Guaranteed Income Insurance Plan is the ideal insurance plan for ensuring that you and your loved ones will have regular income.

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