Compare Exide Life
Life Insurance Products
Exide Life Insurance Company
Operational and Financial Highlights
Competitive advantage and features
The Exide Life Insurance brand strives to tell a brand new story of a bright future backed by a rich heritage. The advantage which it enjoys over competitors is based on the roots and the basic way of doing business. Here are a few key features:
- Human touch
Exide life insurance just doesn’t sell policies robotically. It understands the value of life and the dreams associated with it. Probably why it invented a unique record keeping book called ‘My Money book’ to aid people in preparing themselves for a long and financially happy life.
- Network
A strong distribution channel via various Agency, Alliances, Bancassurance and Direct Channel, with more than 35,000 advisors gives Exide Life Insurance Co. Ltd. a big advantage.
- Quickest Claim Settlement
Exide life insurance prides itself in settling more than 89.36% claims filed in the year 2015-16 in the same year itself.
- Grievance resolved amicably This company states a grievance to be resolved only when a customer is satisfied which is achieved by merely stating policies or rules. Exide Life Insurance still managed to achieve a 99.59% ratio of resolved grievances in a year.
Product Details
1. Exide Life Smart Term Plan
This plan provides comprehensive protection options and returns all the premiums paid at the time of maturity. There are further three options in this plan which are Classic, Step-up and Comprehensive.
Overview
Policy |
Features |
Policy Term |
Age |
Sum Assured (in Lakhs) |
|---|---|---|---|---|
Classic |
Single Premium |
10 - 30 |
18 – 65 |
5 |
5 Pay |
10 - 30 |
18 – 65 |
10 |
|
Regular Premium |
12 - 30 |
18 – 60 |
5 |
|
Step-up |
Single Premium |
N.A. |
N.A. |
N.A. |
5 Pay |
10 - 30 |
18 – 60 |
10 |
|
Regular Premium |
12 - 30 |
18 – 58 |
10 |
|
Comprehensive |
Single Premium |
10 - 30 |
18 – 65 |
10 |
5 Pay |
N.A. |
N.A. |
N.A. |
|
Regular Premium |
12 - 30 |
18 – 60 |
10 |
- Depending upon the choice of plan and policy term, the payout in the event of a demise can go up to 150%
- Higher Life cover can be added to base by paying an additional nominal amount
- The option of enhanced protection by choice of two riders covering accidents and critical illness.
- Tax benefits can be claimed under section 80C and premium paid for riders can be claimed under section 10D and 80D
2. Exide Life Wealth Maxima
A ULIP Plan aiding in efficient wealth creation and higher financial protection
Overview
Minimum Age for entry (years) |
18 |
Maximum age for entry (years) |
65 |
Maximum age for maturity (years) |
75 |
Policy Term (years) |
10 – 20 |
Sum Assured |
Annualized Premium x 7 or 10 |
Benefits
- Choice between 3 plan option; Invest, Family and Child to cover different levels of life
- Investment benefit allows for choice from up to 6 fund options
- Loyalty additions are added after every 10, 15 and 20 Policy years.
3. Exide Life Golden Years Retirement Plan
It provides a host of benefits to build a corpus.
Overview
Minimum & Maximum Age at entry |
18 - 65 |
Minimum & Maximum vesting age |
55 - 75 |
Premium Paying term |
10 – 42 years |
Benefits
- Guaranteed interest rates as per the market with fixed rate at 5% p.a. for first 5 years and 1.5% p.a. for the rest of the period.
- Flexibility to pay extra premium as a top up
- Guaranteed vesting benefits and Loyalty benefits
4. Exide Life Sanjeevani
It is the first fixed-benefit health plan covering both heart and cancer conditions.
Overview
Minimum Age for entry (years) |
18 |
Maximum age for entry (years) |
65 |
Maximum age for maturity (years) |
70 |
Policy Term |
5 – 35 |
Sum Assured |
Rs. 5,00,000/- to Rs. 25,00,000/- |
Life Insurance Cover |
N.A. |
Benefits
- In severe conditions, 100% of the sum assured is paid up.
- Double claim benefit pays up on heart and cancer diagnosis even if there is any other claim settled on the policy.
- Tax benefits under section 80D
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