Customers can choose from two variants of this plan. Along with guaranteed income, life insurance is also available in this plan.
Exide Life Insurance. Exide Life Insurance launches life insurance plan with guaranteed incomeExide Life Insurance Company has launched a life insurance savings plan “Guaranteed Wealth Plus”.
It has two variants to choose from. This is a comprehensive life insurance plan that offers guaranteed returns. It will help customers meet their financial goals at different stages of life.
This is a non-linked, non-participating life insurance savings plan. In its “Income” variant, customers can get fixed income for 30 years by paying premiums for 6 years. Along with this, on maturity, customers will get the full amount of premium paid.
This plan is good for customers who want an additional source of income or regular cash flow to meet various life goals like children’s education.
In its “Lump Sum” variant, customers can pay premiums for 6 years and get a lump sum amount on maturity. Along with this, they will also get life insurance for the entire term of the policy.
This is a different product in this category. It focuses on returns along with protection. Depending on certain age groups and the policy term, the maturity benefit also remains the same irrespective of the age at which the customer purchases it.
The maximum age to buy it is 60 years. The minimum age is 3 years for the lump sum variant and 11 years for the income variant.