Tuesday, September 23, 2014

Exide Life Launches 'Assured Gain Plus', A Protection-Cum-Investment Plan

Private sector insurance player Exide Life Insurance Company has launched a traditional with insurance-cum-investment profits plan, named -Assured Gain Plus, aims at to provide guaranteed returns on investment with life cover.

In a release, Exide Life Insurance Chief Financial Officer Mr. Uco Vegter said, “This is a momentous occasion for us as this our maiden product after we rechristened ourselves with a new identity. We have designed this product based on an inherent need where people are looking at a superior quality of life and securing their future at the same time."

In May this year, the ING Vysya Life Insurance changed its name to Exide Life insurance after being totally owned by the Raheja Group through leading battery maker Exide Industries.

Exide Life Assured Gain Plus is a perfect investment solution for people looking for attractive tax-free returns with capital guarantee and life cover to ensure the best lives for their families.

Under the plan, the policyholder needs to pay for 5 years only, while the benefits continue for the full policy term. The policy term can be opted from 10, 12 or 15 years.

This plan guarantees a life cover of at least 10-folds the annual premium of the full policy term.

People between the age group of 3 years to 60 years, can have the benefits of this plan.

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