Exide Life Assured Gain Plus Plan

Exide Life Assured Gain Plus is a traditional life insurance plan which provides financial safety for the future through wealth accumulation and life insurance coverage

Key Features

  • This plan is a participating plan with limited and Single premium payment term
  • The plan has a fixed PPT of 5 years


  • If the policy completes 5 years, Guaranteed Terminal Additions as a % of SA is paid on maturity or death which depends on the policy term
  • On Maturity, Sum Assured on maturity + Guaranteed Terminal Additions + Simple reversionary bonus is paid subject to a minimum of 101% of all premiums paid
  • On death, Sum Assured on death + vested bonuses + Guaranteed Terminal Additions, if any is payable
  • Sum Assured on death is higher of the Sum Assured on maturity or 10 / 7 times the annual premium for limited pay policies or 1.25 or 1.10 times the single premium subject to a minimum of 105% of all premiums paid for limited pay plans or 125% of single premium paid
  • Income tax benefit under Sections 80C and 10(10D) for premiums paid and claims received respectively

Product Specification:




Entry Age (Last Birthday)

3 years

65 years

Maturity Age (Last Birthday)

18 years

80 years

Policy Term (PT) in years

10, 12 or 15

Premium Paying Term (PPT) in years

5 pay or Single

Premium Paying Frequency

Annual, half-yearly, quarterly, monthly

Yearly Premium

Limited – 60,000

Single – 240,000

No limit

Sum Assured

Limited – 193,000

Single – 219,000

No limit

Details About Premium

Annual premium in Rupees and Benefit Illustration



45 yrs.

Policy Term

15 yrs.


5 yrs.



Sum Assured on Maturity


Maturity Benefit @ 4%


Maturity Benefit @ 8%


Policy Details

Grace Period: 15 days’ grace period is allowed for premium payment in monthly modes and 30 days in other modes

Policy Termination or Surrender Benefit: the policy can be surrendered anytime if one full years’ premium has been paid. The Surrender value will be higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV)

GSV = % of all Premiums paid + % of vested bonuses

Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.


  • The policy provides loan facility @ 60% of the SSV

Additional Features or Riders

  • Discount in premium for paying higher premiums
  • The following Critical Illness Riders are available under the plan:
  • Exide Life Critical Illness (4) Regular Pay
  • Exide Life Critical Illness (25) Regular Pay


  • In case of suicide within 12 months from inception 80% of premiums paid are returned and within12 months of revival, higher of 80% of premiums paid or the acquired Surrender Value is payable

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.

Written By: PolicyBazaar
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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