Exide Life ULIP Plans
Exide Life ULIP Plans
  • Guaranteed Life Coverage
  • Loyalty & Maturity Benefits
  • Tax Benefits Under 80C
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Exide Life ULIP Plans

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

Exide Life ULIP Plans offers a range of Savings and Investment options which consist of the advantages of life cover as well. You can opt for a plan on the basis of life stage and financial goals. If you choose to go for a savings and investment plan early in life, Exide Life ULIP Plans will assist you to be prepared financially for lifelong happiness. These plans also help you in maintaining a portfolio as per your risk appetite.

Types of Exide Life ULIP Plans

Plan NameAnnualized Premium (Rs.)Entry Age Policy Term (in years)Maximum Maturity Age (in years)
MinimumMaximum
Exide Life Wealth Maxima- Maxima ChildRs. 36,000 onwards18 years50 years10, 15 to 2065
Exide Life Mera AashirvadRs. 30,000 onwards15 years50 yearsPPT + 5 Years65
Exide Life My Money Back PlanRs. 24,000 onwards12 years46 years16, 20, 2470
Exide Life Wealth Maxima- Life’s GoalsRs. 36,000 onwards18 years65 years10, 15 to 2075
Exide Life Income Advantage PlanRs. 12,000 onwards3 years55 years16, 24, 3080
Exide Life Secured Income Insurance Plans- Life’s GoalsFor PPT 5 Years: Rs. 50,000 p.a.
For PPT 8 Years: Rs. 30,000 p.a.
For PPT 10 Years: RS. 25, 000 p.a.
0 years55 yearsFor PPT 5 Years: 10 – 20 Years
For PPT 8 Years: 12 – 20 Years
For PPT 10 Years: 15 – 20 Years
70
Exide Life Guaranteed Income Insurance PlanRs. 12,000 onwards3 years55 years16, 20, 24, 30Not Mentioned
Exide Life Star Saver PlanRs. 24,000 onwards3 years60 years10, 12 and 1575
Exide Life Jeevan UdayRs. 6,000 onwards0 years55 years10, 15 and 2070
Exide Life Nirmal JeevanRs. 6,000 onwards3 years55 years0, 12 and 1570
Exide Life Wealth EliteRs. 12,000 onwards0 years65 years10 to 2075
Exide Life Wealth Maxima - Surplus FundsRs. 2 lakhs3 years55 years16, 24, 3080
Exide Life Prospering Life PlusRs. 24,000 onwards0 years65 years10, 15 to 2075
Exide Life Assured Gain PlusRs. 60,000 onwards3 years55 years10, 12 or 1570
Exide Life Secured Income Insurance Plus- Surplus FundsFor PPT 5 Years: Rs. 50,000 p.a.
For PPT 8 Years: Rs. 30,000 p.a.
For PPT 10 Years: Rs. 25,000 p.a.
0 years50 yearsFor PPT 5 Years: 10 – 20 Years
For PPT 8 Years: 12 – 20 Years
For PPT 10 Years: 15 – 20 Years
70
Exide Life New Fulfilling LifeFor PPT 12 years: Rs. 24,000
For PPT 16,20,24 years: Rs. 12,000
15 years50 yearsTill 85 years85

Exide ULIP Plan Details

1. Exide Life Wealth Maxima- Maxima Child

This plan offers premium funding benefits along with life cover plus 23 investment strategies to suit your risk appetite and systematic investment option to benefit from equity markets. It also offers loyalty additions after 10, 15 and 20 years policy years if the annual premium is Rs. 72,000 or more.

2. 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 the age band of 21 – 50 years and you have a child of up to 15 years of age.

3. 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.

4. Exide Life Wealth Maxima- Life’s goals

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 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.

6. Exide Life Secured Income Insurance Plans- Life’s goals

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.

7. 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 a few years and you get guaranteed benefits like regular income at an attractive rate of 11% to 13% p.a., lump sum amount on maturity and life cover throughout the policy term.

8. Exide Life Star Saver Plan

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

9. 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.

10. Exide Life Nirmal Jeevan Insurance Plan

In case of an unfortunate demise of the life assured during the policy term, the sum assured amount is paid to the nominee immediately and the policy ends.

11. 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.

12. Exide Life Wealth Maxima - Surplus Funds

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.

13. 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.

14. 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.

15. Exide Life Secured Income Insurance Plans- Surplus Funds

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 the sum assured with 10% guaranteed addition along with accrued bonuses if any.

16. Exide Life New Fulfilling Life

It is a comprehensive plan that will help you fulfill all your responsibilities with regular money back for your intermediate needs, tax-free wealth and life cover for a long period.

Features & Benefits of Exide Life ULIP Plans

  • Exide Life ULIP plans offer loyalty benefits along with maturity benefits as well.
  • The policyholder can invest his/her surplus money as top-ups.
  • There is a choice to choose from different premium payment options.
  • Tax benefits are applicable for Exide ULIP plans.
  • It provides the insured guaranteed life coverage (loaded with benefits).
  • The ULIPs offered by Exide also offer various investment funds options so that you can choose the most suitable one to invest in.

FAQs

No, returns from ULIP plans are not guaranteed. The returns are completely dependent on the conditions of the market and its performance since a ULIP plan is a market-linked product. A number of micro and macroeconomic factors are also responsible for the same.

Fund value refers to as a part of the premium paid by the policyholder for the ULIP plan which is deducted to fulfill various costs and the remaining amount is utilized to buy units of funds.

Fund Value = Number of Units ✕ Net Asset Value (NAV) of the unit on that day

Yes, it is possible. On surrendering ULIP, you will not be able to get the benefits of life cover and lose the chance to create wealth in the future. However, the policyholder will get the refund only after 5 years, if you surrender within 5-years lock-in period it will cost you a lot for the premiums paid.

No, you do not need to pay LTCG tax on the gains from Exide Life My Money Back Plan ULIP as it is not applicable for ULIPs.

Last updated on 06-11-2020