Exide Life Insurance Company is one of the most profitable and established life insurance companies in India. It is 100% owned by Exide Industries Limited. The company serves over 15 lakh customers and manages assets over INR 15,000 Crores. The company provides effective long term protection and savings solutions to its customers. It carries a strong traditional product portfolio along with a consistent bonus track record. Exide Life Term insurance plans safeguard your family members even after your death by providing timely coverage.
Exide Life Term with Return of Premium Plan comes out with a life insurance cover at affordable premiums and also returns the premiums paid at the end of the policy tenure.
Key Features
Life Insurance Cover: The plan offers life insurance cover for the entire policy tenure. No medical tests are required while buying the policy. In case of the unfortunate demise of the insured, an amount equal to the sum assured on death is paid to the nominee.
Return of Premium on Completion of Policy Term: At the end of the policy tenure, you will get an amount equal to 100% of the total paid premiums.
Flexibility To Choose The Number of Years: You can choose to pay the premium for 5 years (Limited Premium) or for the entire policy tenure as per your suitability.
Eligibility Criteria
Entry age | 18 to 50 years |
Policy Term (Years) | Limited premium- 10 to 30 years Regular Premium-12 to 30 years |
Maximum SA | 25 lakhs |
Premium Paying mode | Annual |
**Last Updated on 21-12-2020
The values may change as per the chosen plan option.
This plan offers a high amount of coverage, flexible terms, lower premiums, and much more. It provides a large sum assured at a reasonable premium amount and also rewards an insured for leading a healthy life during the chosen tenure.
Key Features
Affordable Premiums: You have to pay a lower premium if you are leading a healthier and better lifestyle.
Increased Sum Assured: The company will increase the sum assured from 37th month onwards i.e. starting of 4th policy year. This increase will commensurate with the Super Elite rates, assuming you continue paying the same premiums.
Death Benefit: In case of your unfortunate death, the nominee will receive the Death Benefit payouts depending on the chosen option.
Eligibility Criteria
Entry age | 21 years to 60 years |
Maturity age | 70 years (Age last birthday) 80 years age (If Extended Term opted for) |
Policy Term |
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Premium Paying Term (PPT) |
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Sum Assured | 50 lakhs to no-limit |
**Last Updated on 21-12-2020
The values may change as per the chosen plan option.
Exide Life Smart Term Plus is a term insurance plan that provides comprehensive life insurance cover for the entire policy tenure and returns 100% of the total premiums paid on completion of the tenure.
Key Features
Life Insurance Cover: In case of unfortunate death of the life assured during the policy tenure, the sum assured is paid as per the selected death benefit payout option.
Pay The Premium For a Limited Tenure: The plan comes out with the flexibility to pay premiums for a limited period while offering life insurance cover for the full policy tenure. You can choose to pay premiums for 5, 8, 10, or 12 years.
Eligibility Criteria
Entry age | 18 years to 60 years |
Policy tenure | 15 years to 40 years |
Minimum SA | 15 lacs |
Maturity age | 80 years |
Premium payment mode | Monthly, Half-yearly and Annual |
**Last Updated on 21-12-2020
The values may change as per the chosen plan option.
Exide Life Smart Term Plan is a unique insurance plan that provides comprehensive protection options and returns the total premiums paid by you on completion of the policy tenure.
Key Features
3 Plan Options: The plan comes out with 3 plan options and allows you to choose from them as per your suitability.
Flexible Premium Payment Options: The plan comes out with the flexibility to choose your premium payment term. The insured can choose to pay over the entire policy term (Regular Pay) or pay for a shorter duration (Single / 5 Pay) while being covered for the full policy term.
Tax Benefits: With this plan, you can save tax on-
Eligibility Criteria
Entry age | 18 years to 65 years |
Policy term | 10 years to 30 years |
Minimum sum assured | 5 lakhs |
Premium payment mode | Monthly, Half Yearly and Annual |
**Last Updated on 21-12-2020
The values may change as per the chosen plan option.
Exide Life Insurance Company comes out with multiple riders that allow you to enhance the basic cover by paying an additional premium.
It is an add-on that you can attach with any Exide Term Insurance plan for enhanced life cover at the time of policy renewal or while purchasing a new traditional policy respectively.
Whenever a life assured suffers from accidental death or disability during the policy tenure, the whole sum assured will be paid to the nominee (if this rider is opted).
This rider will pay out the expenses for the treatment of critical illness if detected by the medical practitioner.
There are two ways to invest in the Exide Term insurance plans- through the official website of the company or through PolicyX.com. Let's discuss both in detail.
Buy via Exide Life Insurance Company
Note-The company is only selling Exide Life Elite Term Insurance Plan online. You have to visit the nearest Exide Life Insurance Company's branch to invest in others.
Buy Via PolicyX.com
Note- Customers can also intimate the claim through the post, email, or by visiting the nearest branch of the company.
1. How can I track Exide Life Term Insurance claim status?
To track the Exide Life Term Insurance claim status, you have to visit the official website of the company and log in to your account.
2. Can an NRI take Exide Term insurance in India?
If you are an NRI looking to invest in Exide term insurance in India, you are very much eligible. When you apply for a term plan (once the underwriting is completed for your policy), it will be considered as any other policy bought by an Indian.
3. If I don't die within the Exide term insurance period, what happens then?
At the end of the policy tenure, the insurance plan will terminate. The survival benefits/return of premium (if any) will be shared with you. Based on the provisions provided by the company, you can also renew the policy to continue life protection.
Last updated on 21-12-2020