Leading life insurer Exide Life Insurance on Friday, May 21, announced the launch of its new life insurance plan – ‘Guaranteed Wealth Plus’, to provide a comprehensive life insurance scheme with maturity benefits and in-class guaranteed returns for policyholders. According to a statement shared by the insurer, the new life insurance plan will help customers fulfill their financial requirements across various stages of life. (Also Read: Aditya Birla Sun Life Launches Vision LifeIncome Plus Plan: Check Features )
The Guaranteed Wealth Plus plan is a non-linked, non-participating individual life insurance savings plan which provides the option to choose between two variants for policyholders.
According to Exide Life Insurance, some of the major features of the new insurance product are as follows:
- Choosing from the regular income or a lump sum payout option
- Availing guaranteed fixed income for 30 years
- Only product in the market to offer life cover throughout the income period
- Best-in-class returns with up to 350 per cent guaranteed returns