Exide ULIP Plans

Exide ULIP Plans

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Exide ULIP Plans In India

Exide Life Insurance Co. Ltd. is among the most profitable life insurance agencies in India. Exide plans are tailor made. It offers a healthy package deal of various safety plans that include financial savings, investment plans, retirement and pension plans. The corporation consistently provides an imparting long-term safety and financial saving solutions. Exide Life Insurance Company Limited, an established and profitable life insurance company, commenced operations in 2001-02 and has headquarters 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.

The company also offers group life insurance solutions. The company is focused on providing long-term protection and savings plans and has a strong traditional product portfolio with a consistent bonus track record. The company has ISO 9001:2008 quality certification for all customer service processes and the ISO/IEC 27001:2013 for information security management.

Benefits and Capabilities

The Exide Life Insurance emblem strives to have a great future in the insurance industry with a wealthy past. The advantage which it enjoys over the competition is primarily based on the roots and the basic manner. Here are a few key capabilities:

1. Human connect

Exide Life Insurance doesn’t sell policies automatically but manually as well. It knows the cost of life and the desires related to it. It invented a completely unique record to aid human beings for an extended and financially happy life.

2. Community

A sturdy distribution channel via numerous business channels, Alliances, Bancassurance and Direct Channel, with many advisors, gives Exide Life Insurance Co. Ltd. a massive gain.

3. Quick claim settlement

Exide life insurance is really great at settling claims.

Types Of Exide ULIP Plans

1. 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

2. 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.

3. 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.

4. 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 pay-outs at fixed intervals to meet their needs.

5. Exide Life Wealth Maxima

A unique money back plan that offers you guaranteed money back pay-outs. This plan is suitable for those who want a lump sum pay-outs at fixed intervals to meet their needs.

6. 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.

7. 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.

8. 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.

9. Exide Life Star Saver Plan

This plan is suitable if you are looking for guaranteed tax-free benefits along with a comprehensive life cover.

10. Exide Life Jeevan Uday

This plan is suitable for those looking for a guarantee with attractive tax-free returns and wants payment commitment for a few years only.

11. 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.

12. Exide Life Wealth Elite

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.

13. 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.

14. 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.

15. Exide Life Assured Gain Plus

This plan is suitable for those looking for a guarantee with attractive tax-free returns and wants a payment commitment for a few years only.

16. 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.

17. 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.

FAQ's

2
What's the validity of the license?

Your License remains valid for three years and then it has to be renewed every 3 years. For renewing your license, you have to finish a 25 hour of training module as prescribed via IRDA.