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https://www.exidelife.in/products/savings-and-investments/investment-options/exide-life-guaranteed-income-insurance-plan - Exide Lifeu2019s Guaranteed Income Plan is simple. To receive a steady income flow in your second innings, you have to pay periodic sums of money called premiums. <br>
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What is Exide Life's Guaranteed Income Plan? Exide Life Insurance
Guaranteed Income Plan A guaranteed income plan is a type of life insurance cum annuity (regular payout) plan. It provides the dual advantage of financial protection against unforeseen eventualities and the opportunity to receive a continuous source of income.
As the name suggests, a guaranteed income plan aims to provide a fixed stream of income during a pre-decided term to the person in whose name the guaranteed income plan is. But you have to wait for a few years for such an income plan to reap maximum benefits. Due to this, a guaranteed income plan is ideal for those planning their post-retirement years and wanting to maintain the lifestyle they always have. Exide Life’s guaranteed income plan aims to become a steady means of financial support to you and your loved ones in your golden years and is designed holistically to provide:
Exide Life’s Guaranteed Income Plan is simple. To receive a steady income flow in your second innings, you have to pay periodic sums of money called premiums. You can choose to pay the premiums anywhere between 8 to 15 years. Once the premium payment term is complete, you will start to receive the benefits promised under the guaranteed income plan for the entire plan term. You will receive guaranteed monthly or annual income at interest rates of 11% to 13%. Your initial investment will multiply thanks to compounding, creating a corpus large enough to beat inflation and tick-off your golden year goals.
Guaranteed Income Plan Apart from receiving regular incomes in instalment modes of your choice, Exide Life’s Guaranteed Income Plan will pay you a guaranteed monetary sum called a maturity benefit at the end of the term. This maturity benefit will ensure that all your efforts towards securing life insurance do not get wasted.
So, if you survive the duration of the guaranteed income plan and no life-altering or unforeseen eventuality occurs, you will receive the sum promised under the life insurance cover as a maturity benefit. This benefit is in the form of a lump sum and can be used to fulfil your immediate or long-term requirements. One of the best parts of the maturity benefit is the tax benefit. You also save tax on the premiums paid towards the guaranteed income plan under section 80C of the Income Tax Act, 1961.
Assured life insurance protection through the entire term 03
Guaranteed Income Plan • Exide Life’s Guaranteed Income Plan has a term of 16 to 30 years, during which you will already receive guaranteed monthly or annual income. • But you will also get assured life insurance coverage for the entire term. • This life insurance will pay a promised, and pre-decided sum of money called the sum assured to your family members in the eventuality of your unforeseen death. • Here as well, your family will have the option of receiving the sum assured in a lump sum or regular monthly payouts. • So, they can meet their immediate needs with a lump sum or fund their day-to-to-expenses and other life goals with regular income.
Browse around Exide Life to find the right Guaranteed Income Plan at your fingertips. https://www.exidelife.in/ https://www.facebook.com/exidelife/ https://twitter.com/ExideLife?s=20
