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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.
Term plan can protect the potential of your children, secure them with a term plan, in the case of any mishaps that will be able to deal with your duties and the responsibilities. Your family will get the death advantage that brings security and pay off the credits. It is important for your family, in case, any mishaps take place with you. It is significant for everyone and especially when you are the primary working member of the household.
Well, when it comes to advantages of term policies, then there are numerous advantages that you can check out, but then here in this section, we will be discussing the significant benefits only for the buyers.
Provide cash so that your family keeps on living with pride.
Term Insurance additionally deals with family, if there is an occurrence of your handicap or essential ailment.
Provides additional salary if there should be an occurrence of loss of income because of unplanned disability or disease.
Get lump sum, if determined to have a severe condition.
Additional safeguarded in the event of accidental death.
Term insurance plans are particularly intended to secure your family's money related needs if there should be an occurrence of death or instability. As indicated by the plan, family/needy of the life insured is/are qualified for a single amount sum if there should be an occurrence of death or underlying sickness, if connected for, of the life protected and amid the term of the approach. Such a protection plan can help your family to have sound money related freedom, even if you are not around.
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.
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.
When it comes to term insurance, it is very important to keep the required documents before filing a claim. Here is the list of useful documents that you may require.
Property tax or municipal tax receipt.
Bank account or post office account statement.
Latest utility bills like electricity, gas, and telephone but it should not be more than 2 months old.
Letter of accommodation allotment from state or central government, financial institutions or listed companies.
Passport size photograph
Identity Proof: Any one of the below-mentioned documents are to be submitted towards proof of identity
Voter’s identity card
Job card issued by NREGA, signed by a State Government officer
A written agreement issued by a life insurance company to a policyholder, which expresses the coverage agreement between the organization and the policyholder.
The individual that proposes to enter into a contract of insurance with a life coverage organization to insure himself or some other life on whom he has an insurable interest.