Saturday, Apr 20 2024 | Time 13:49 Hrs(IST)
image
Business EconomyPosted at: May 18 2021 10:02PM


Exide Life Insurance launches ‘Guaranteed Wealth Plus’, a Savings Plan with unmatched income

Kolkata, May 18 (UNI) Exide Life Insurance Company Limited, today announced the launch
of Exide Life Guaranteed Wealth Plus, a comprehensive life insurance plan that offers
best-in-class guaranteed returns, to help customers fulfill their financial needs comfortably
along various life stages.
It is a non-linked, non-participating individual life insurance savings plan that offers
customers the option to choose between two variants.
Under the ‘Income’ variant, customers can pay premiums for 6 years and avail guaranteed
fixed income payout for 30 years. Additionally, on maturity, the customer receives 100% of
the premiums paid. This is an ideal payout option for customers who want an additional stream
of income or a regular cash flow to meet various life stage financial goals such as child’s
education, marriage and so on.
Under the ‘Lump sum’ variant, customers can pay premiums for 6 years and avail the maturity
benefit as a lump sum while enjoying life cover for the entire policy term.
A first in the category, the product offers life cover during the entire income payout period,
further strengthening the “protection-cum-returns” proposition. Within certain age bands and
depending on the policy term, the maturity benefit also remains the same irrespective of the
entry age.
Exide Life Guaranteed Wealth Plus is designed to cushion customers against volatile markets, changing tax laws and reinvestment risk which is high over the long-term. Further, the product
also offers enhanced protection through two Rider options – Exide Life Critical Illness (UIN: 114B009V02) and Exide Life Term Rider (UIN: 114B007V02).
Maximum entry age is capped at 60 years whereas minimum age is at 3 years and 11 years
for the lump sum and income variants respectively.
Commenting on the launch of the product, Sanjay Tiwari, Director- Strategy, Exide Life
insurance said, “We are delighted to launch the Exide Life Guaranteed Wealth Plus, one of the
most unique and competitive guaranteed savings insurance plans in the market today. The
product not only caters to the diverse financial needs of our customers, but also offers them
a lucrative option to build wealth.
The category-first product feature of continuous life cover throughout the income payout
period along with up to 350% guaranteed returns, sets this product apart and truly makes it an #UnmatchedGuarantee.
UNI BM
Please log in to get detailed story.
Tags: #Exide Life Insurance launches ‘Guaranteed Wealth Plus’# a Savings Plan with unmatched income
More News

IREDA nets all-time high at Rs 1,252 23 cr in FY24

19 Apr 2024 | 8:38 PM

New Delhi, April 19 (UNI) Indian Renewable Energy Development Agency Ltd. (IREDA), the nation's largest pure-play green financing NBFC, Friday announced an all-time high net profit of Rs. 1,252.23 crore in 2023-24, a 44.83 per cent jump over the previous fiscal year 2022-23.

see more..

"CSIR-IICT and BHEL partners to advance clean fuel technology: MoU signed on CO2 to DME"

19 Apr 2024 | 7:23 PM

Hyderabad, April 19 (UNI) The Council of Scientific and Industrial Research-Indian Institute of Chemical Technology (CSIR-IICT) and Bharat Heavy Electricals Limited (BHEL) Corporate R&D have forged a partnership to develop technology for capturing and converting carbon dioxide (CO2) to Dimethyl Ether (DME) through direct catalytic conversion.

see more..

Amara Raja Infra Wins Greenko’s 700MWp solar project in AP

19 Apr 2024 | 6:41 PM

Hyderabad, Apr 19 (UNI) Amara Raja Infra Private Limited (ARIPL), part of the $1.75 billion Amara Raja Group, on Friday announced it has secured a solar BoS (Balance of System) project of 500MW/700MWp from Greenko.

see more..
Sensex recovers 600 points on heavy buying on last day of week

Sensex recovers 600 points on heavy buying on last day of week

19 Apr 2024 | 5:34 PM

Mumbai, April 19 (UNI) Snapping a losing streak of last four sessions, the BSE Sensex on Friday bounced back 599.34 points to close at 73088.33 on expectation of minimal escalation of tension between Israel and Iran.

see more..

19 Apr 2024 | 5:24 PM

Mumbai, Apr 19 (UNI) IT major Wipro on Friday reported 7.80% year-on-year dip in consolidated net profit at Rs 2,834.6 crore for January-March quarter (Q4) of the financial year 2023-24.

see more..
image