To enjoy your retirement years, you need to plan ahead. Exide Life Insurance Company Limited offers excellent retirement and pension plans designed to give you a comprehensive life cover and growth on your savings. Exide Life Retirement and Pension Plans offer you flexible premium payment options and tax benefits.
Following are the benefits of choosing Exide Life Retirement Plans:
Exide Life Insurance offers 2 types of retirement and pension plans:
Live the retirement years of your life in comfort without compromising on your standard of living with the Exide Life Golden Years Retirement Plan. It is a traditional long-term pension plan under which all premiums paid will be compounded at minimum 1% p.a. You can alter the premium payment term by choosing Regular, Limited or Single Pay. The plan also offers loyalty benefit to the policyholder in the form of refunded premium allocation charges on reaching retirement age. Under this plan, you can get 5% p.a. interest guarantee on your gross premiums and Individual Pension Account (IPA) for the first 5 years. If you want to increase the growth rate of your retirement fund, you have the option to pay top-up premiums in addition to your regular premium 2 years before the vesting date.
Invest in the Exide Life New Immediate Annuity with Return of Purchase Price to receive guaranteed income post-retirement. You can choose to receive the annuity payout monthly, quarterly, half-yearly or yearly. In the event of death, the nominee or legal heir will get the full purchase price of the plan.
Exide Life Golden Years Retirement Plan is declared a Qualifying Recognized Overseas Pension Scheme (QROPS). Therefore, if you have relocated outside of the UK, you can transfer the funds from your UK pension scheme to this pension plan tax free. Only non-active pension funds can be transferred under this plan. Vesting benefits for QROPS customers will be applicable only when you attain 55 years of age or the vesting age, whichever is later.
|Plan Name||Entry Age||Maturity Age||Premium|
|Exide Life Golden Years Retirement Plan||18 to 65 years||55 to 75 years||
|QROPS - Transfer your pension from UK to India||18 to 65 years||55 to 75 years||
|Exide Life New Immediate Annuity with Return of Purchase Price||
||NA||Minimum Purchase Price is as per the minimum Annuity amount of Rs.1,000 per month|
Exide Life Insurance has proven itself adept at managing retirement and pension products. It manages a retirement corpus of more than Rs.1,000 crores. If you want to lead a comfortable retirement life without compromising on your standard of living, then opt for a retirement or pension plan offered by Exide Life Insurance. In addition to receiving a comprehensive life cover, you can also build a desired retirement fund. You have the option of using your maturity amount to purchase annuity from Exide Life Insurance and ensure that you get regular income for life. You can also enjoy tax benefits on premiums paid under the Exide Life Retirement and Pension Plans.
This insurance company/organisation is not a partner of Bankbazaarinsurance.com. The content provided here is for informational purposes only. Readers should visit the branch office/website of the insurer for more details. The logos, trademarks, and other intellectual property on display belong to their respective owners.
*The customer reviews/feedback/opinions expressed on this website are solely of their authors and do not reflect, in any way, the view of BankBazaar Insurance.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.