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Exide Life Secured Income Insurance Plus Plan

What is the Plan all About?

Exide Life Secured Income Insurance Plus is a participating endowment assurance plan that provides a systematic & disciplined method of saving, so you can achieve long term financial goals. This plan also provides a life cover that ensures financial protection for your family, when you are not around.


What are the Key Features?

  • Tax free returns with guaranteed addition on maturity
  • Life cover with family income benefit
  • Limited or Regular pay option
  • Discount for high premiums
  • Choose rider(s) to enhance coverage

What are the Plan Benefits?

Death Benefit

    In case of unfortunate death of the life insured, the death benefit is Guaranteed Death Benefit + Vested Bonus + Terminal Bonus. Death benefit under this plan is not less than 105% of total premiums paid (as on the date of death).

    Guaranteed Death Benefit is higher of Sum Assured or 10 times of the annualized premium. You can choose from the following two options to receive Guaranteed Death Benefit.

    Option A: 100% Guaranteed Death Benefit is payable as lumpsum.

    Option B Option: Guaranteed Death Benefit plus family income benefit is payable. 50% of Guaranteed Death Benefit payable is payable as lumpsum and an assured monthly income for the next 5 years.

    Family Income Benefit: If you choose option B, 60% of Guaranteed Death Benefit is payable in equal installments for a period of 60 months. This benefit starts immediately on the death of the life insured. Family income benefit is not applicable for option A.

Maturity Benefit

    Sum assured plus 10% of Sum Assured plus vested bonus plus terminal bonus is payable as maturity benefit, subject to a minimum of 105% of the total premiums paid.


    Simple reversionary bonus is declared as a percentage of the sum assured and it is payable at maturity or death, whichever occurs earlier. Terminal bonus is declared from 10th policy year onwards at death or maturity.

Loan Benefit

    Loan benefit can be availed, as the policy acquires the surrender value.

Surrender Value

    The surrender Value is higher of the Guaranteed Surrender Value or Special Surrender Value, after deducting loans under the policy. The surrender value is acquired after paying all due premiums for 1 full policy year and it is payable on surrender or at the end of the second policy year, whichever occurs later.

Tax Benefit

    Tax benefits towards the premiums paid under section 80C, the premium paid for critical illness rider under section 80D, & maturity proceeds under section 10 (10D) of the Income Tax Act, subject to prevailing tax laws.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 0 Year 50 Years
Age at Maturity 18 Years 70 Years
Policy Tenure 10/12/15 Years 20 Years
Premium Paying Term 5/7 Years -
Premium Paying Mode Annually & Monthly -
Premium Amount 10 Years PPT- Rs 18,000 (Annually), Rs 1,500 (Monthly) 7 Years PPT- Rs 24,000 (Annually), Rs 2,000 (Monthly) 5 Years PPT- Rs 36,000 (Annually), Rs 3,000 (Monthly) No Limit (subject To Underwriting)
Sum Assured - -
Freelook Period 15 Days/30 Days (for Distance Marketing Channel) From The Receipt Of The Policy -
Grace Period 30 Days (15 Days For Monthly Mode) -
Plan Type Offline -

Is any Rider Available with this Plan?

Following riders can be availed with this plan

  • Exide Life Critical Illness (4),
  • Exide Life Term Rider,
  • Exide Life Critical Illness (25)
  • Exide Life Accidental Death Disability and Dismemberment Rider.

How the Plan Works?

It is just an illustration of how your money could grow with Exide Life Secured Income Insurance Plus.

Exide Life Secured Income Insurance Plus