This paper proposes a method to obtain a protected voltage gain by employing a protection circuit for the voltage doubler or multiplier circuit in an isolated tyde DC-DC Converter. The entire set up consists of a phase shift converter with a protected bridge/voltage doubler rectifier on the output side. The operating frequency of the phase shift converter is 20-25kHz (depending on the requirement of the application) which is high enough to improve the efficiency. Ferrite core transformer is used in place of ordinary air core transformer, which is small in size with number of turns of the transformer is reduced and the overall power density is increased. The doubler circuit consists of electrolytic capacitors, which are rated at 400V in order to comply with IEC65 requirements. This paper proposes an "electrolytic capacitor protection circuit", which enables the voltage rating of the electrolytics to be reduced to 250V. This circuit results in cost savings of more than 50% in the price of the electrolytic filter capacitors. The circuits were simulated using PSPICE SOFTWARE and the following results were obtained. For an input voltage of 200V, an output of 200V and 400V were obtained in bridge mode and doubler mode respectively.