Combo Plan

Combo
Plan
From Exide Life
 It is a combination of
two good policys

New fulfilling Life

&
Income Advantage Plan
Salient features of New Fulfilling Life Plan

Life cover till the age of 85 years

Get money back as you pay premium

Consistent Bonus record of 7.5%

 Salient features of New Fulfilling Life Plan

Policy payment term is 16 years

Policy term effective upto the age of 85 years

Money back on 4, 8, 12, 16th year

With the money back two instalment shall be paid.

Hence effective payment period is 10 years only.

Maturity at the age of 85 years

Salient feature of Income Advantage Plan

Pay during the

first half of the plan

Get income during

second half of the plan
+
Maturity Amount
 Salient Features of Income Advantage Plan …

When the policy term is 30 years

Pay for 15 years and

Get back for 15 years

Get back maturity amount 30th year

Let us work for total premium of 1 Lac
for 15.5 years
The premium paid to both the plan equally

New fulfilling Life 50 K

&
Income Advantage Plan 50 K
The payout will be as per first plan

4th year 1.12 Lac

8th Year 1.12 Lac
12th Year 1.12 Lac
16th year 2.25 Lac
26 Lac at the age of 85 years
The payout as per second plan is
16th year 65 K
17th year 65 K
18th year 65 K
19th year 65 K
20th year 65 K
21st year 65 K
22nd year 65 K
23rd year 65 K
24th year 65 K
25th year 65 K
26th year 65 K
27th year 65 K
28th year 65 K
29th Year 65 K
30th year 65 K + Maturity amount 11.12 Lac
 Income Tax Benefit

For the premium paid under 80C

For the survival benefit under 10 (10D)

For the Maturity benefit under 10 (10D)

 Insurance coverage

Total sum assured is

5.6 L + 4.8 L = 10.4 L

+ Bonus 7.5%

+ Loyalty Bonus
 Premium Pay out

Year
 
1
1 Lac

 
2
1 Lac

 
3
1 Lac

 
New Fulfilling Life

4
1 Lac 1.1 Lac

 
5
1 Lac

 
6
1 Lac

 
7
1 Lac
COMBO PLAN

 
New Fulfilling Life

8
1 Lac 1.1 Lac

1 Lac  
9
 
10

1 Lac
 
11

1 Lac
 

New Fulfilling Life

12

1 Lac 1.1 Lac

 
13

1 Lac
 
14

1 Lac
 
15

1 Lac
 

50000 New Fulfilling Life 2.2 Lac 0.65 Lac

16
 
 
Income

17
 
Advantage

18
 
Pay out

19
 
0.65 Lac

20
 
0.65 Lac

21
 
COMBO PLAN ….

0.65 Lac

22
 
0.65 Lac

23
 
0.65 Lac

24
 
0.65 Lac

25
 
26
 
0.65 Lac

0.65 Lac
27
 

0.65 Lac
28
 

0.65 Lac
29
 

0.65 Lac Income Advantage Plan Maturity amount 11.2 Lac

30
 
Age

New fulfilling Life Maturity amount 45 Lac

85
Total Premium Paid : 15.50 Lac

Total Maturity Payout : 73 Lac