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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.BUY NOW
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.
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 can be availed, as the policy acquires the 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 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.
|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)|
|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)||-|
Following riders can be availed with this plan
It is just an illustration of how your money could grow with Exide Life Secured Income Insurance Plus.