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Exide Life Insurance is one of the prominent life insurance companies in India. The company has experience of many years in the same domain. Started in 2001, the company caters to a wide range of innovative insurance plans to deal with several needs of customers.
The company claims to drive business by values of Dependable, Dynamic, Responsive and Foresighted. The company has received several awards for its commendable services and keeps on coming out with new products to assist customers.
|Business line||Life Insurance|
Exide Life Insurance Company is offering multiple pension plans in India that are designed perfectly to secure your retirement at an affordable cost.
Exide Life Golden Years Retirement Plan helps you to make your retirement years the golden years of your life by offering a host of benefits for building a substantial corpus. It's for a conventional long-time period pension plan beneath which all charges paid will be compounded at a minimum of 1% p.a. You could regulate the premium charge period by choosing regular or single pay. The plan additionally gives loyalty benefit to the policyholder in the form of refunded premium allocation costs on accomplishing retirement age.
|Minimum / Maximum Age at Entry||18-65 Years|
|Minimum & Maximum Vesting Age||55-75 Years|
|Annuity options||Guaranteed for life|
|Minimum single premium||2,40,000|
It is a pension plan under which a person has to pay once and will start receiving a pension at a pre-decided frequency. You can choose the annuity payout month-to-month, quarterly, half-yearly or yearly. In the case of the demise of the insured, the nominee or the legal inheritor gets the full purchase price. No Medical Examination is required to get insured under this plan.
|Minimum Age at Entry||0 years* (for existing customers)|
45 years* (for customers other than existing customers)
|Maximum age at Entry||80 Years|
|Minimum- Maximum Purchase price||Rs.1000-No Limit|
It is a participating pension plan which allows you to live an independent life without compromising on your living standards and enjoy your post-retirement days happily. It is a limited premium payment term plan that offers guaranteed vesting benefits.
|Minimum /Maximum Age at Entry||25/70 Years|
|Minimum/ Maximum Age at Maturity (Vesting)||55 to 80 years|
|Maximum Premium||No- Limit|
|Premium Payment Frequency||Annual, Monthly|
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.
To revel in your retirement years, you need to plan. Exide Life Insurance company limited offers retirement and pension plans designed to present you with 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.
Everybody dreams of the day when they can ultimately dangle the boots up and retire in peace, but that dream is most usually shattered by means of the prospect of getting to live in retirement struggling to find a source of income. They offer you the opportunity to spend money on their pension plans today to be capable of retiring and still have a source of profits to deal with your requirements.
Following are the benefits of choosing Exide Life Pension Plans:
An Exide Life Insurance plan takes care of your retirement desires and your family in case something happens to you. As you study this, there are opportunities - you could stay, or you may die. If you die, who's going to attend to your family? And if you live, who's going to take care of you? The Exide Life Pension Plans is the answer to each question. For a small investment now and again, or at one cross - you can financially protect your dependents with comprehensive life insurance cover. Further to receiving a complete life cover, you could also construct a preferred retirement fund. You have got the choice of using a maturity amount to buy the annuity from Exide life coverage and make sure that you get normal profits for life. You may also experience tax advantages on charges paid below the Exide Life Pension Plans.
The great time is to start quickly after one starts off evolved incomes. This guarantees an extended length of the budget to develop and minimum installment amounts to pay towards the plan.
Sure, you can switch it via QROPS. Please consult with our NRI section to examine more.
Begin early to invest in retirement plans use the retirement calculator to check how a whole lot corpus you need to build out the perfect payout mode to meet your economic goals post-retirement.
To recognize the repute of your utility, visit the company's website. You must fill the details in the track sheet to know your status.
The claim must be informed at the earliest and you could refer the following hyperlink to avail the death benefits form through their official internet site.
You can change your correspondence address post issue of the policy by filing a written request and address proof at the nearest branch.
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Last updated on 11-11-2019