Exide Life
Jeevan Uday
Benefit Illustration
Sample benefit illustration for Exide Life Jeevan Uday
Name
Guaranteed Maturity Benefit (`)
Guaranteed Death Benefit (`)
Maturity benefit @ 4%
Maturity benefit @ 8%
Mr. XYZ
Entry age
35
Premium payment frequency
Yearly
Policy term (Years)
20
Premium Payment Term (Years)
10
Service tax (first year) (`)
80,800
80,000
90,479
1,65,448
247.20
Service tax (second year &
123.60
Onwards) (`)
Annualized premium (`)
8,000
Modal premium (`)
8,000
Premium inclusive of
Sum assured (`)
64,628
Service tax (first year) (`)
8,248.00
Premium inclusive of service
Total maturity
Benefit (c+d+e)
Sum assured (c)
4%
80,000
64,628
25,851
90,479
8%
80,000
64,628
100,820
165,448
Policy Age of Annualized Cumulative Sum assured
annualized
life
year
on death
(a)
(BOY) (c)
(BOY)
(e)
(BOY)
(d)
(b)
Cumulative non
Total Life Cover (EOY)
8% p.a. (g) 4% p.a. (e+f) 8% p.a. (e+g)
(EOY)
(EOY)
value
(EOY) (h)
returns
4% p.a. (f)
8,124.00
Tax (second year & onwards)
4% p.a. (i)
8% p.a. (j)
4% p.a. (h+i)
8% p.a. (h+j)
1
35
8000
8,000
80,000
1,293
4,524
81,293
84,524
800
-
-
800
800
2
36
8000
16,000
80,000
2,585
9,048
82,585
89,048
3,200
-
-
3,200
3,200
3
37
8000
24,000
80,000
3,878
13,572
83,878
93,572
7,200
388
1,357
7,588
8,557
4
38
8000
32,000
80,000
5,170
18,096
85,170
98,096
16,000
776
2,714
16,776
18,714
5
39
8000
40,000
80,000
6,463
22,620
86,463
102,620
20,000
969
3,393
20,969
23,393
6
40
8000
48,000
80,000
7,755
27,144
87,755
107,144
24,000
1,163
4,072
25,163
28,072
7
41
8000
56,000
80,000
9,048
31,667
89,048
111,667
28,000
1,357
4,750
29,357
32,750
8
42
8000
64,000
80,000
10,340
36,191
90,340
116,191
35,200
1,551
5,429
36,751
40,629
Exide Life
Jeevan Uday
Death Benefit and Surrender Benefit reference table
Cumulative
Age of
Cumulative non
Policy
Annualized
Sum assured
annualized
life
guaranteed bonuses (EOY)
Premium
on death
year
Premium
(Assumed investment
assured
(BOY) (e)
(a)
(BOY) (c)
returns)
(BOY) (d)
(b)
4% p.a. (f)
Total death benefit (EOY)
(Assumed investment
returns)
Guaranteed Non Guaranteed surrender
surrender value on bonuses declared
(EOY)
value
(Assumed investment
(EOY) (h)
returns)
8% p.a. (g) 4% p.a. (e+f) 8% p.a. (e+g)
4% p.a. (i)
8% p.a. (j)
Total surrender value
(EOY)
(Assumed investment
returns)
4% p.a. (h+i) 8% p.a. (h+j)
9
43
8000
72,000
80,000
11,633
40,715
91,633
120,715
39,600
1,745
6,107
41,345
45,707
10
44
8000
80,000
80,000
12,926
49,117
92,926
129,117
44,000
1,939
6,786
45,939
50,786
11
45
80,000
80,000
14,218
54,287
94,218
134,287
48,000
2,844
9,953
50,844
57,953
12
46
80,000
80,000
15,511
59,457
95,511
139,457
48,000
3,102
10,857
51,102
58,857
13
47
80,000
80,000
16,803
64,628
96,803
144,628
48,000
3,361
11,762
51,361
59,762
14
48
80,000
80,000
18,096
69,798
98,096
149,798
52,000
3,619
12,667
55,619
64,667
15
49
80,000
80,000
19,388
74,968
99,388
154,968
52,000
3,878
13,572
55,878
65,572
16
50
80,000
80,000
20,681
80,138
100,681
160,138
52,000
4,136
14,477
56,136
66,477
17
51
80,000
80,000
21,973
85,308
101,973
165,308
52,000
4,395
15,381
56,395
67,381
18
52
80,000
80,000
23,266
90,479
103,266
170,479
52,000
4,653
16,286
56,653
68,286
19
53
80,000
80,000
24,558
95,649
104,558
175,649
52,000
4,912
17,191
56,912
69,191
20
54
80,000
80,000
25,851
100,820
105,851
180,820
52,000
5,170
18,096
57,170
70,096
Please note that the Surrender Value is payable on surrender or completion of two policy years, whichever is later.
Note:1.
BOY: beginning of year, EOY: End of year
2.
The illustration above explains the benefits and features of the proposed policy and is not a contract or representation of any guarantee or warranty.
3.
The above illustration assumes premiums are paid at beginning of year and benefits are accrued at end of year
4.
The Annualized Premium in the above illustration (column c) is excluding Service Tax, Service Tax and Education Cess are levied on the premiums as per applicable tax laws and the same is
subject to changes in the tax laws in future.
5.
Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your Insurer carrying on life insurance business. If your policy offers guaranteed
returns then these will be clearly marked “guaranteed” in the illustration table on this page. If your policy offers variable returns then the illustrations on this page will show two different rates of
assumed future investment returns. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is
dependent on a number of factors including future investment performance.
Exide Life
Jeevan Uday
6.
The Death, and Surrender benefits mentioned under the guaranteed column are guaranteed subject to the policy terms and conditions and that all premiums being paid on time and bonuses are
not guaranteed and depend on fund’s performance.
7.
Bonuses include Simple Reversionary Bonus and Terminal Bonus.
8.
Rider Premiums, if applicable are not a part of the illustration.
9.
The above information is indicative of the terms and conditions, warranties and exceptions contained in the policy terms and conditions of Exide Life Jeevan Uday.
10. Exide Life Insurance Company Limited is only the name of the Insurance Company and Exide Life Jeevan Uday is only the name of the product and does not in any way indicate the quality of the
product, its future prospects or returns.
11. The purpose of this Benefit Illustration is only to provide a general overview about this policy. The information herein is indicative of the terms, conditions, warranties and exceptions contained in
the policy terms and conditions of Exide Life Jeevan Uday. Please read this benefit illustration in conjunction with the product brochure, policy Terms and Conditions/Rider Terms and conditions
to understand the Terms & Conditions & Exclusions carefully before concluding the sale.
12. In the event of any inconsistency/ambiguity between the terms contained herein and the policy terms and conditions, the policy terms and conditions shall prevail.
I _____________________________ (name), having received the information with respect to the above, have understood the above statement before entering into the contract.
Advisor Name:
Policyholders' signature:
Code:
Company seal /Marketing officials' signature
Place
Date
To know more about this product, please contact our nearest Branch Office.
Or call us at 1800 419 8228 or SMS JU to 5676770 or visit exidelife.in
Insurance is the subject matter of the solicitation. Exide Life Jeevan Uday UIN : 114N074V01. For more details on risk factors, terms & conditions please read the sales brochure of products carefully before concluding a sale. Please consult your tax advisor for
details on tax benefits The Maturity amount is tax-free under section 10 (10D) till entry age of 44 years. Exide Life Insurance Company Limited is a wholly owned subsidiary of Exide Industries Limited. The trademark “Exide” is owned by Exide Industries Limited
and licensed to Exide Life Insurance vide Trademark license agreement dated 30th October 2014. Exide Life Insurance Company Limited (Formerly known as ING Vysya Life Insurance Company Limited). IRDAI Registration number: 114, CIN:
U66010KA2000PLC028273, Registered Office: 3rd Floor, JP Techno Park, No.3/1, Millers Road, Bengaluru - 560 001; Toll Free: 1800 419 8228; Visit: exidelife.in; ARN : EXL/2015/COLL/489
IRDAI Notice: Beware of spurious phone calls and fictitious/ fraudulent offers. IRDAI clarifies to public that • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. • IRDAI
does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with the details of phone call number.