Private
insurer Exide Life Insurance said it has launched Assured Gain Plus,
which is a traditional plan offering guaranteed benefits & returns on
investment.
"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," Exide Life Insurance Chief
Financial Officer (CFO) Mr. Uco Vegter said in a release.
Assured Gain
Plus caters to specific financial needs of customers to enable them grow their
income as well as give them the flexibility to plan for a new investment, Mr.
Uco Vegter said.
"Moreover,
the plan caters to a wide segment of people aged from three to 60 years as well
as guarantees a life cover of at least 10 (Ten) times the annual premium of the
full policy term. We believe this is a very competitively priced traditional
plan," he said.
Other
features of the plan are tax-free returns with capital guaranteed, life cover
for the full policy term and premium for only for five years.
Exide Life
Insurance Company, which commenced operations in 2001, is 100% owned by Exide
Industries.
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