Page 28 - Life Insurance Today March 2018

Golden Years

Retirement Plan

from Exide Life Insurance Company
Limited

E xide Life Golden Years Retirement Plan is a non- Minimum Single Rs 2,40,000

participating Variable Insurance Pension plan
Premium
allowing for accumulation of premiums until the
Minimum Premium Minimum Minimum
vesting date. This plan provides guaranteed benefits on
Premium payment annual monthly
vesting and death. There is a minimum guarantee
term premium premium
applicable on the gross premiums including Top-Up
premiums as well as on the Individual Pension Account 5 - 9 years Rs 48,000 Rs 4,000
(IPA). 10-42 years Rs 24,000 Rs 2,000
Premium Annual and monthly modes available
Key features of the plan Payment
Y All premiums including top-up premiums paid are Frequency
guaranteed to grow at minimum 1% compounded per Annuity Options Guaranteed for life
annum
Y Minimum Interest Guarantee of 5% per annum Benefits under the plan
compounding applicable on IPA during the first 5
1. Guaranteed death benefit (GDB):
policy years
On death of the life assured, the higher of the following
Y Flexibility to alter the premium payment term will be paid to the nominee/s:
Y Loyalty Benefit Y 105% of gross premiums paid including top-up
premiums till the date of death.
Details in Brief:
Y Gross premiums including top-up premiums
Minimum / 18 years / 65 years age last birthday compounded at 1% p.a. till the date of intimation of
Maximum death.
Age at Entry
Y Balance in the IPA plus prorated interest from last
Minimum / 55 Years - 75 years age last birthday policy anniversary till the date of intimation of death.
Maximum
Guaranteed vesting benefit (GVB):
Vesting Age
On vesting, the higher of the following will be the GVB.
Vesting Term / Vesting term Premium paying
Y Gross premiums including top-up premiums
Premium Paying term
compounded at 1% p.a.
Term 10 - 42 years Single
Y Balance in the IPA
10 years Limited 5 - 9 years
15 - 42 years Limited (10 - 41 GVB can be used in one of the following manners:
Years) & regular a. Portion of the vesting benefit can be taken as tax-

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28 March 2018 Life Insurance Today