Exide Life Assured Gain Plus Plan

Death Benefit

Sum assured on death plus vested bonuses plus guaranteed terminal additions (as applicable) is payable as a death benefit. Here, Sum Assured on Death is higher of Sum Assured on Maturity or multiple of Annualized premium. For limited premium paying term of 5 years, Multiple of Annualized premium is 10 times/option of 7 or 10 times, under 3-44 years and 45 years & above respectively. For single premium, Multiple of Annualized premium is 1.25 times/1.1 times, under 3-44 years and 45 years & above respectively.
 

For Premium Payment Term of 5 years, the death benefit is not less than 105% of the total base premiums paid. For single premium, death benefit is 125% of the total base premiums paid.

Maturity Benefit

At maturity of the policy, the sum assured on maturity plus guaranteed terminal additions plus simple reversionary bonus is payable. Maturity benefit is not less than 101% of the base premium payable.
 

Total maturity benefit is 130%/136%/145% of the sum assured on maturity plus vested bonuses for 10/12/15 years policy term, respectively.

Guaranteed Terminal Additions

Guaranteed terminal addition is a percentage of the sum assured on maturity (7.5% to 45%) and is payable on death or maturity, whichever occurs earlier starting from the end of the 5^th policy year.

Bonus

Simple reversionary bonus is payable as a percentage of the sum assured on maturity. Terminal bonus is payable on termination of the policy.

Loan Benefit

Loan amount up to 60% of the special surrender value, provided the policy has acquired the surrender value.

Surrender Value

The surrender value is higher of guaranteed surrender value or special surrender value, after deducting the loan amount. For single pay policy, surrender value can be acquired anytime during the policy term. For premium payment term of 5 years, policy acquires the surrender value after paying all the due premiums for one full policy year. The surrender value is payable on surrender or at the completion of the second policy year, whichever is later. The policy will terminate on payment of the surrender value.

Tax Benefit

This policy provides tax benefits for the premiums paid under section 80C, premium paid towards critical illness rider under section 80D, & maturity proceeds under section 10 (10D) of the IT Act.

Following riders can be availed with this plan

• Exide Life Critical Illness (4) Regular Pay,
• Exide Life Critical Illness (25) Regular Pay,
• Exide Life Term Rider
   

You have the option to choose either Exide Life Critical Illness (4) Regular Pay or Exide Life Critical Illness (25) Regular Pay.

Mr. Ramesh, aged 40 years has 6 years old daughter chooses to buy Exide Life Assured Gain Plus with policy term of 15 years with annual premium payment of Rs 60,000 for 5 years.
 

Case I: In case of survival of Mr. Ramesh, Guaranteed Sum Assured on Maturity of Rs 2,78,751, Guaranteed Terminal Additions of Rs 1,25,438 & Simple Reversionary Bonus of Rs 2,09,064 (@8% investment returns).
 

Case II: In the event of unfortunate demise of Mr. Ramesh, Sum Assured on Death is Rs 6,00,000, vested bonuses & Applicable Guaranteed Terminal Additions.
 

Please Note: Benefits shown above are calculated at 4% & 8% investment returns and these are not guaranteed.