Exide Life Insurance
Exide Life Insurance Company Limited, an established and profitable life insurance company, commenced operations in 2001-02 and has headquartered in Bengaluru. The company is 100% owned by Exide Industries Limited. The company serves over 15 lakh customers and manages assets of over Rs.12000 Crores. During the financial year 2016-17, the company achieved a total premium income of over Rs.2,400 crores and delivered Rs.112 crores in profits (PBT).
Exide Life Insurance distributes its products through multi-channels viz. Agency, Bancassurance, Corporate Agency & Broking as well as Direct Channels. The Agency channel comprises of 50,000 + advisors who are attached to over 200 company offices across the country.
Life insurance basically provides you protection and opportunities to invest your valuable money to get high returns. It helps in creating wealth as well. With it, you can live a secure life and can get timely returns.
Life insurance is basically an effective insurance policy that ensures that the dependents of the insured continue to have the needful financial security after insured’s retirement, death or any kind of disability that takes place because of an accident. By buying a life insurance policy and paying regular premium for the same, you basically safeguard all the financial requirements of your family. In case if you die during the tenure of your plan, the nominee as per stated in the documents of the policy will be able to receive tax-free cash payouts of a predetermined amount. When it comes to life insurance you have different options available like earlier, people used to go with the traditional plan that offers the needful coverage only in case of the death of the insured. However, with the growing needs of consumers, several insurance companies have come out with different types of plans that can easily meet the new lifestyle changes. An effective life insurance policy will offer
- Pure life cover
- Financial investment planning and
- Savings planning
- Retirement planning
Instead of buying a life insurance policy after reaching the age of 50, nowadays people are giving more importance to it and buying it at an early age so that it can meet the needs of different stages of life. A wide range of effective life insurance policies are available online that can easily cater different needs of the consumer.
There is no doubt in saying that the needs of life insurance changes every year. It grows with the growing responsibilities, so buying the same at a right age will help you in getting several different forms of benefits. For a single person, the need of buying insurance is less relevant but once he/she gets married, the needs will automatically arise as the individual is now accountable for different types of responsibilities.
Different factors such as age marital status, earning power etc plays a vital role while buying the right insurance policy for yourself. It is really very important to have the right life insurance policy for you and Exide Life insurance can help you in the same.
With the wide range of effective life insurance policies, it will be easier for you to get the best one which can go well with your needs. You must search a plan according to your requirements and receive several benefits in return.
Exide Life Insurance plans
Exide Life Term Insurance Plans
Term Insurance is a life insurance plan that provides financial coverage to the beneficiary of the insured person for a defined period of time. In the event of the death of term insurance policyholder during the policy term, the beneficiary can claim death benefits from the insurance company.
Exide Life Elite Term Insurance Plan
A unique term insurance plan that not only offers a large sum assured at a reasonable premium amount but also rewards you for leading a healthy life during the policy term. Under this plan, you can benefit from lower premiums if you are leading a healthier lifestyle. You will have to undergo a medical examination to purchase this plan.
Exide Life Smart Term Plan
A unique plan that offers you comprehensive protection options and returns the premiums paid by you on completion of the policy term. Under this option, you choose a life cover under classic variant for which you pay an annual premium over the chosen policy term. In addition, you can add a higher life cover to the base cover by paying a nominal additional annual premium. On completion of the policy term, an amount equal to 100% of annual premiums paid by you under classic variant is returned to you.
Savings & Investment plans
Exide Life Wealth Maxima Child
This plan offers premium funding benefit along with life cover plus 23 investment strategies to suit your risk appetite and systematic investment option to benefit from equity markets
Exide Life New Creating Life Insurance Plans
You have the option to receive a part of the life cover as family income benefit. In this case, your family will receive 50% of the Sum Assured on Death amount as a lump sum and 1% of the same will be paid as monthly income spread over 60 months.
Exide Life Mera Aashirvad
This plan is suitable for you if you want to guarantee financial help to your child for fulfilling his/her dreams. You can invest in this if you are in age band of 21 – 50 years and you have a child of up to 15 years of age.
Exide Life My Money Back Plan
A unique money back plan that offers you guaranteed money back pay-outs. This plan is suitable for those who want a lump sum payouts at fixed intervals to meet their needs.
Exide Life Wealth Maxima
It is a Unit Linked Insurance Plan that not only helps make the most out of your wealth but also adapts to offer higher life cover at every new phase of life. This plan is suitable for investors looking for efficient wealth creation options and want to ensure higher financial protection for their family as their responsibilities grow.
Exide Life Income Advantage Plan
It is a unique savings cum insurance plan which works to your advantage by providing a regular income and life insurance cover. This plan is suitable if you are looking for a second income. It is also an ideal solution if you are planning for your retirement years.
Exide Life Secured Income Insurance Plans
This plan is suited for those who want to build savings securely and want to ensure financial help for their loved ones in case of an unfortunate event.
Exide Life Guaranteed Income Insurance Plan
This plan provides a guaranteed regular income to help you boost your lifestyle. You have to pay a premium for few years and you get guaranteed benefits like regular income at an attractive rate of 11% - 13% p.a., lump sum amount on maturity and life cover throughout the policy term.
Exide Life Star Saver Plan
This plan is suitable if you are looking for guaranteed tax-free benefits along with a comprehensive life cover.
Exide Life Jeevan Uday
This plan is suitable for those looking for guarantee with attractive tax-free returns and want payment commitment for few years only.
Exide Life Nirmal Jeevan Insurance Plan
In case of unfortunate demise of life assured during the policy term, the sum assured amount is paid to the nominee immediately and the policy ends.
Exide Life Wealth Elitev
This plan is suitable for investors looking for efficient wealth creation options and want to ensure higher financial protection for their family as their responsibilities grow.
Exide Life Wealth Maxima
Exide Life Wealth Maxima offers 3 plan options with different levels of life cover. You can increase your life cover in the same plan by moving from one plan option to another.
Exide Life Prospering Life Plus
A unit linked plan with multiple investment options and flexibilities that provide you control over your investments and offers life cover for protection in case of unfortunate events.
Exide Life Assured Gain Plus
This plan is suitable for those looking for guarantee with attractive tax-free returns and wants a payment commitment for a few years only.
Exide Life Secured Income Insurance Plus
A limited pay plan that offers life cover not only in a lump sum but also as income for the family for 60 months. On maturity, you get sum assured with 10% guaranteed addition along with accrued bonuses if any.
Exide Life New Fulfilling Life
It is a comprehensive plan that will help you fulfill all your responsibilities with a regular money back for your intermediate needs, tax-free wealth and life cover for a long period.
Pension plans
Exide Life Insurance company limited offers retirement and pension plans designed to present you a complete life cover and a boom in your financial savings. Exide life Retirement and Pension Plans provide you flexible premium price options and tax benefits.
Exide Life Golden Years Retirement Plan
It is an exclusive plan that helps you make your retirement years the golden years of your life by offering a host of benefits for building a substantial corpus. Live the retirement years of your life in comfort without compromising to your normal lifestyle with the Exide life Golden Years Retirement Plan. It's for a conventional long-time period pension plan beneath which all charges paid will be compounded at minimum 1% p.a.
Exide Life New Immediate Annuity
It is a pension plan under which you pay once and you start receiving a pension at a pre-decided frequency. Make investment within the Exide life New instant Annuity with return purchase price to acquire assured income post-retirement. You could pick to obtain the annuity payout month-to-month, quarterly, half-yearly or yearly. Within the situation of demise, the nominee or the legal inheritor get the entire purchase price of the plan.
QROPS
QROPS stands for Qualifying Recognized Overseas Pension Scheme. It refers to overseas pension schemes for transferring a UK pension fund 'tax-free' to any other country.
Group plans
Group Insurance Solutions helps you cover your employees in case of an unfortunate event. It can be chosen by customers in the form of Loan Protection Solutions as well.
Exide Life Group Term Life Solutions
Exide Life Group Term Life Solutions have been designed to offer a comprehensive life insurance cover to your valuable employees at an affordable cost. This helps in increasing the economic security of employees, and in doing so, improve employee retention across the organization.
Exide Life Group Traditional Employee Benefit Plan
Exide Life Group Traditional Employee Benefit Plan has been designed to manage employee benefits like leave encashment and gratuity for the employees and helps in building a substantial fund, to ensure hassle-free discharge of the liabilities as a responsible employer.
Exide Life Group Loan Suraksha
This plan is suitable for anyone who is availing a loan and wants to keep their family well protected from the burden of loan repayment in case of an unfortunate event.
Exide Life Group Gratuity Product
Exide Life Group Gratuity Product helps you save, grow and accumulate funds to manage your employee gratuity liability in a flexible and efficient manner.
EDLI
All members of the Provident Fund scheme in the company would be eligible to be members of this policy. The minimum and maximum age would be the same as that of the Provident Fund scheme.The employees of the group are covered for a sum assured ranging between ₹5,000 and ₹10,00,000 depending upon the current salary.
QROPS
QROPS stands for Qualifying Recognized Overseas Pension Scheme. It refers to overseas pension schemes for transferring a UK pension fund 'tax-free' to any other country.
