Investment Plans 1812 views May 21, 2021

Exide Life Guaranteed Wealth Plus is one of the most unique and competitive guaranteed savings life insurance plans that ensures financial security to your family when you’re not around. This plan also provides guaranteed returns over the long term with which individuals can fulfill their financial needs at various life stages. Before we go any further, let’s look at the key features of this plan mentioned below.


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  1. Life insurance cover for the entire policy term by paying for a limited term
  2. Flexibility to choose from two variant options
  3. Guaranteed benefit on survival
  4. Option to take guaranteed benefit as a lump sum at maturity or as both regular income & lump sum
  5. Longer policy term
  6. Rider options to enhance coverage
  7. Availability of multiple premium payment modes
  8. Loan against policy 
  9. Tax benefits under Income Tax Act, 1961
  10. A 15 or 30-day free look period

You can understand these features of Exide Life Guaranteed Wealth Plus in detail by going through this page as we will discuss the same here. Read on to know more!

Key Features and Benefit of Exide Life Guaranteed Wealth Plus in Detail

Exide Life Guaranteed Wealth Plus is a non-linked non-participating individual life insurance cum savings plan that offers several benefits to policyholders. We are talking about them in detail below. Have a look.

Choice of Two Variant Options

Exide Life Guaranteed Wealth Plus offers two variants to policyholders – Lump sum and Income Variant. They can choose any of them according to their financial requirements.

Entire Policy Term Coverage with Payment for Limited Term

The premium payment term for the Exide Life Guaranteed Wealth Plus stands at 6 years. It means you only need to pay for 6 years to provide the financial cushion (life insurance cover) to your family for the entire policy term. The policy term depends on the chosen variant option. For the lump sum variant, the policy term can be 12 or 15 years, while for the Income variant, it can be 37 years.

Death Benefit

In case of a policyholder’s unfortunate demise during the policy term, the nominee will get the death benefit as a sum assured on death. It can be higher of the following amounts.

  1. X times the annualized premium, or
  2. 105% of the total premiums paid as on the date of death

Here, X denotes the sum assured on death multiple. For Lump sum (during the entire policy term) and Income Variant (during the premium payment term), X depends on the policyholder’s age on the date of inception of the policy and ranges from 10 to 15.7.

For the Income variant, after the premium payment term, the multiple of X will be according to the below table.

Entry AgeSum Assured on Death Multiple (X)
Up to 45 years10 times
46 to 60 years10 or 7 times (as chosen by policyholder at policy inception)

Maturity Benefit

If a policyholder survives until the end of the policy term, this plan provides a maturity benefit that will depend on the chosen variant option at the start of the policy.

For Lump Sum Variant, policyholders will receive a lump sum amount as maturity benefit. This amount will be a fixed percentage of total annualized premiums under the policy. The percentage depends on the policyholder’s age at the time of inception of the policy, annual premium band and policy term. To know, check the below table.

Annualized Premium Band (In INR)Policy Term - 12 years Policy Term - 15 years 
Entry Age <= 45Entry Age > 45Entry Age <= 45Entry Age > 45
1,00,000 - 1,99,999165%155%201%188%
2,00,000 - 4,99,999167%157%203.50%190.50%
5,00,000 - maximum168%158%205%192%

For Income Variant, policyholders will receive a lump sum amount as maturity benefit after the policy term. This amount will be equal to 100% of the total premiums paid during the policy term.

Rider Options to Enhance Protection

You can also increase the level of your protection by choosing different rider options with an extra premium payment. You can add them at the inception of the policy or the first anniversary of your policy. Exide Life Guaranteed Wealth Plus offers the following rider options.

  1. Exide Life Critical Illness (4) or (25) Regular Pay Rider
  2. Exide Life Term Rider

What is the Minimum Premium Amount?

For the Exide Life Guaranteed Wealth Plus, the minimum premium amount stands at INR 1,00,000 for the annual mode. For half-yearly and monthly modes, the minimum premium will be INR 60,000 and INR 10,000, respectively. However, there is no maximum limit on the premium amount.

Loan Against Policy

If you have paid at least 2 full years’ premium and surrender value is available under the policy, you can opt for a loan against your policy. The minimum loan amount can be INR 1,000, while it can be up to 80% of the available surrender value.

Exide Life Guaranteed Wealth Plus Eligibility Criteria

Have a look at the below table to understand the Guaranteed Wealth Plus eligibility criteria.

Eligibility CriteriaLump Sum Variant (in years)Income Variant (in years)
Minimum age at entry3 ( for 15-year policy term)

6 (for 12-year policy term)
Maximum age at entry60
Minimum age at maturity1848
Maximum age at maturity7597

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