exidelife.
in
FULFIL ALL YOUR DREAMS WITH
GUARANTEED INCOME*.
EXIDE LIFE GUARANTEED WEALTH PLUS
Pay for 6 years, Avail guaranteed benefit as Guaranteed* Income
enjoy life insurance Lump sum or as Regular Income + for 30 years + 100% ROP^
cover for full policy term Lump sum both at maturity
Lamba Saath, Bharose Ki Baat
*This applies to Income Variant, whereby guaranteed income is paid on survival of Life Assured during the policy term, provided all due premiums are paid during the premium
payment term. ^ROP – Return of Premiums. This applies to Income variant, whereby all base premiums are returned to policyholder on survival of Life Assured at maturity,
provided all due premiums are paid during the premium payment term..
What is Exide Life Guaranteed Wealth Plus?
It is a non-linked non-participating individual life insurance savings plan that
provides financial security to your family in your absence and also long term
guaranteed returns to help you fulfil your dreams.
The plan offers two policy variants – Lump Sum Variant and Income Variant, to be
chosen at the time of policy inception. Accordingly, you can avail guaranteed
benefit as lump sum at maturity (Lump Sum Variant) or regular income for 30 years
+ lump sum at maturity (Income Variant).
Key reasons to buy this plan
• Pay for 6 years, enjoy life insurance cover for full policy term
• Avail guaranteed benefit as Lump sum or as Regular Income + Lump sum both
• Guaranteed* Income for 30 years + 100% ROP^ at maturity
*
*This applies to Income Variant, whereby guaranteed income is paid on survival of Life Assured
during the policy term, provided all due premiums are paid during the premium payment term.
^ROP – Return of Premiums. This applies to Income variant, whereby all base premiums are
returned to policyholder on survival of Life Assured at maturity, provided all due premiums are paid
during the premium payment term.
A. Pay for 6 years only & enjoy life insurance cover for full policy term
The plan provides life insurance cover for the entire policy term, which will keep
your family financially secured by just paying for 6 years..
B. Death Benefit
In case of an unfortunate death of Life Assured during the policy term, Sum
Assured on Death is payable and is defined as higher of:
• X times the annualized premium*; or
• 105% of the Total Premiums Paid** up to the date of death;
For Lump sum Variant (during the entire policy term) & Income variant
(during the premium payment term), the multiple of ‘X’ times depends on the
age at entry of Life Assured on date of inception of policy.
For Income Variant after the premium payment term, the multiple of ‘X’
times is defined as follows:
Entry Age Sum Assured on Death Multiple (X)
Up to 45 years 10 times
46 to 60 years 10 or 7 times, as chosen by the policyholder at policy inception
C. Maturity Benefit
On survival till the end of policy term, the maturity benefit is payable depending
upon the variant chosen at inception of the policy.
C.1 – Lump sum Variant
Under this variant, maturity benefit is received as a lump sum at the end of the
chosen policy term. Maturity Benefit is calculated as a fixed percentage of sum
total of Annualized Premiums* payable under the Policy.
Policy Term-12 Years Policy Term-15 Years
Annualized
Entry Age Entry Age Entry Age Entry Age
Premium*Band
<=45 Years >45 Years <=45 Years >45 Years
Rs.1,00,000- 165.00% 155.00% 201.00% 188.00%
1,99,999
Rs.2,00,000- 167.00% 157.00% 203.50% 190.50%
4,99,999
Rs.5,00,000 & 168.00% 158.00% 205.00% 192.00%
above
C.2 – Income Variant
Under this variant, maturity benefit is received as a lump sum at the end of
the chosen policy term. Maturity Benefit will be equal to 100% of the total
premiums paid** during the premium payment term.
D. Survival Benefit
Survival benefit will be received, on survival of life assured, during the policy
term.
D.1 – Lump sum variant
No survival benefit is applicable under this variant.
D.2 – Income variant
Under this variant, you receive survival benefit in form of annual guaranteed
income in equal amount, for a fixed term of 30 years.
Guaranteed Income is calculated as a fixed percentage of Annualized
Premium* and is payable annually commencing from end of 8th policy year and
continues till the end of policy term.
Guaranteed Income Payout as a percentage of annualized premium
(Death Multiple post PPT -10 times)
Annualized Premium*
Band Entry Age Entry Age Entry Age Entry Age Entry Age
<=40 years 41 to 45 46 to 50 51 to 55 56 to 60
years years years years
Rs.1,00,000-1,99,999 48.50% 45.50% 42.50% 40.50% 35.50%
Rs.2,00,000-4,99,999 50.00% 47.00% 44.00% 42.00% 37.00%
Rs.5,00,000 & above 50.50% 47.50% 44.50% 42.50% 37.50%
Guaranteed Income Payout as a percentage of annualized premium
(Death Multiple post PPT- 7 times)
Annualized Premium*
Band Entry Age Entry Age Entry Age
46 to 50 years 51 to 55 years 56 to 60 years
Rs.1,00,000-1,99,999 45.50% 45.50% 45.50%
Rs.2,00,000-4,99,999 47.00% 47.00% 47.00%
Rs.5,00,000 & above 47.50% 47.50% 47.50%
E. Tax Savings as per prevailing tax laws
How the Plan works?
Illustration for Lump sum Variant
Mr. Rahul is 35 years old and chooses to pay a premium of Rs. 2,00,000 p.a. in
Exide Life Guaranteed Wealth Plus for 6 years with a policy term of 12 years. Let’s
look at the benefits offered to him under this plan.
Policy Term
Annualized Premium Lump Sum
`2,00,000 p.a.
0 1 2 3 4 5 6 7 8 9 10 11 12
Total Premiums Paid Maturity Benefit
`12,00,000 `20,04,000
Death Benefit throughout the Policy Term `25,00,000
Illustration for Income Variant
Mr. Sharma is 35 years old and chooses to pay a premium of Rs. 2,00,000 p.a. in
Exide Life Guaranteed Wealth Plus for 6 years with a policy term of 37 years. Let’s
look at the benefits offered to him under this plan.
Annualized Premium Guaranteed Income of Rs.1,00,000 p.a. for 30 years
`2,00,000 p.a. Guaranteed Income will start from the end of 8th Policy Year
Total Premiums
Paid Maturity Benefit
`12,00,000 `12,00,000
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37
Death Benefit
during the premium
payment term
`25,00,000 Death Benefit during the rest of Policy Term `20,00,000
*Annualized Premium shall be the premium amount payable in a year chosen by the
policyholder, excluding the taxes, rider premiums, underwriting extra premiums and
loadings for modal premiums (if any)
**Total Premiums Paid means total of all the premiums received, excluding any extra
premium, any rider premium and taxes.
Who should buy Exide Life Guaranteed Wealth Plus?
This plan is suitable for you, if you are looking for long-term guaranteed returns to fulfil your dreams
while providing financially security to your family.
Plan at a glance
Premium Payment Term (PPT) 6 years
Lump sum Variant Income Variant
Policy Term 12 & 15 years 37 years
3 years (15 year Policy Term)
Minimum Age at Entry (as on last birthday) 11 years
6 years (12 year Policy Term)
Maximum Age at Entry (as on last birthday) 60 years
Minimum Age at Maturity (as on last birthday) 18 years 48 years
Maximum Age at Maturity(as on last birthday) 75 years 97 years
1,00,000 (Annual)
Minimum Premium 60,000 (Half-Yearly)
10,000 (Monthly)
Maximum Premium No limit subject to board approved underwriting policy
Premium Payment Mode Annual, Half Yearly, Monthly
#
Income Payout Mode Annual
#
For monthly premium payment mode, 3 monthly premiums are collected in advance on the date of commencement of the policy.
Exide Life Guaranteed Wealth Plus UIN: 114N119V01. A Non-Linked Non-Participating Individual Life Insurance Savings Plan. For
more details on risk factors, terms and conditions, please read the sales brochure of the product carefully before concluding a sale. Tax
benefits are as per applicable tax laws and are subject to change from time to time. Exide Life Insurance Company Limited is a wholly
owned subsidiary of Exide Industries Limited. The trademark “Exide” is owned by Exide Industries Limited and licensed to Exide Life
Insurance vide Trademark license agreement dated 30th October 2014. Exide Life Insurance Company Limited. IRDAI Registration
number: 114, CIN: U66010KA2000PLC028273, Registered Office: 3rd Floor, JP Techno Park, No.3/1, Millers Road, Bengaluru - 560
001; Toll Free: 1800 419 8228; Visit: [Link]. ARN: EXL/2021-22/COLL/029
IRDAI notice : Beware of Spurious/ Fraud Phone Calls: IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums.
Public receiving such phone calls are requested to lodge a police complaint.
