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Exide Term Insurance provides a variety of term insurance products. It offers 5-term insurance policies for its consumers to secure them financially. Not only do these term plans offer financial help to the beneficiary in the absence of the insured, but also come with a bucket full of features like tax benefits, additional options for riders, affordable premium, wide coverage and many more.
Continue reading the page to learn more about Exide Term Insurance company:
Before buying term insurance, make sure to do thorough research about the company's performance. For your convenience, we have mentioned some of the parameters that will help you to get an insight into the company's performance:
Exide Term Insurance provides comprehensive protection cover for the future of your family. Below mentioned are some of the benefits of term insurance offered by Exide Life Insurance Company:
Exide Life provides various Term Insurance plans in the country for its customers. Refer to the below section to explore and understand all the Term Plans offered by the company.
Standard Plan
Saral Jeevan Bima is a standard term insurance plan that provides complete protection to your family's dreams that too at affordable rates.
Unique Features
Comprehensive Plan
It is a pure-term insurance plan that offers comprehensive coverage at an affordable price with ROP benefit.
Unique Features
Standard Plan
By paying an additional premium, Exide Life Term Rider can be added to the Exide Term Insurance plans and will provide enhanced coverage.
Unique Features
Standard Plan
A plan that offers a 105 % sum assured as a death benefit, and comes with life insurance coverage for up to 75 or 100 years.
Unique Features
Standard Plan
A plan that offers life cover up to 85 years of age, and death benefits and promises safe returns with reduced paid-up benefits.
Unique Features
Comprehensive Plan
A plan that offers three plan variants to suit the desired protection provides a return of total premiums paid on completion of the policy term.
Unique Features
Comprehensive Plan
A comprehensive plan that offers accidental disability and dismemberment and critical illness rider, a 105% death benefit & family income payout for 5 or 10 years.
Unique Features
Comprehensive Plan
A comprehensive plan that offers accidental disability and dismemberment cover, 105% death benefit and a family payout option.
Unique Features
Comprehensive Plan
A plan that offers corpus for the child’s future, discount for high premiums accidental death disability and dismemberment rider benefit.
Unique Features
To give you an idea of how much one needs to pay for their Exide Term Insurance plans, we have calculated the premiums of some of the plans with different scenarios. Take a look at the below-mentioned sample premium illustration.
Sum Assured (in Rs.) | 50 Lakhs | 75 Lakhs | 1 Crore |
Monthly Premium Payable (in Rs.) | 2,020 | 3,029 | 3,705 |
**Premiums calculated for a 30-year-old, non-smoker male, who opted for Exide Life Smart Term Pro for a policy period of 40 years.
Sum Assured (in Rs.) | 50 Lakhs | 75 Lakhs | 1 Crore |
Monthly Premium Payable (in Rs.) | 1,073 | 1,610 | 2,146 |
**Premiums calculated for a 30-year-old, non-smoker male, who opted for Exide Life Smart Term Edge for a policy period of 40 years.
Sum Assured (in Rs.) | 10 Lakhs | 15 Lakhs | 25 Lakhs |
Monthly Premium Payable (in Rs.) | 655 | 708 | 1,179 |
**Premiums calculated for a 30-year-old, non-smoker male, who opted for Exide Life Saral Jeevan Bima for a policy period of 30 years.
You can buy Exide Term Insurance plans through the official website of the company.
Exide Life Insurance Company offers a simple process to make sure that your claim is settled with ease and minimal documentation.
Registration
Move to 'Customer Service'. Click on 'All Claims'. Click on 'Register A Claim'. Fill in the required details. Submit the form with the required documents. You could also write to them at claims@exidelife.in.
Acknowledgement
Upon completing the registration process, you will receive an acknowledgement for the same. You can use the policy number to clear all your queries regarding the claim until the declaration of decision.
Amount Transfer
Your documents will be thoroughly perused by the claims team at Exide Life post submission. If everything is found in order, your request is accepted and the money will be transferred to the claimant's account.
3rd Floor, JP Techno Park, No. 3/1, Millers Road, Bangalore- 560 001, India
care@exidelife.in
Toll-Free Number: 1800 419 8228; +91 80 4134 5444
See More Term Insurance Articles
See More Term Insurance Articles
The thumb rule for deciding the cover of your Term Plan is that it should be at least 10 times your annual income. For example, a person earning Rs. 5 lakh annually must have a term policy of about ₹50 lakh for adequate support to his family after his death.
You can enjoy tax benefit of up to Rs. 1.5 lakh from your taxable income for paying the premium of your Term Insurance plans, thereby reducing your tax liability. The proceeds received from a Term Insurance plan after the demise of policy holder is also tax exempt under section 10(10D).
Under the 'Extended Term Cover' policyholders can extend their policy term by an additional 5 or 10 years.
It is absolutely safe to buy term life insurance online since all your details are kept confidential and your premiums are paid through secured payment gateways. Online Term Plans are affordable and easy to buy. So, go ahead and buy an online Term Plan, worry-free.
Under the Exide Life Term with Return of Premium Plan, at the end of the policy term, you will get an amount equal to 100% of the total Premiums paid during the policy term.
With the Exide Life Saral Jeevan Bima policy, a waiting period of 45 days from the date of commencement of risk is applicable. The policy only covers death due to an accident during this period.
In case of death other than due to an accident during the waiting period, the Sum Assured shall not be paid. Instead, an amount equal to 100% of all premiums received is paid to the beneficiaries.
The riders that can be added to an Exide Term Policy are:
You can check the policy status of Exide Term Insurance by simply login into the MY LIFE tab with your policy number and DOB.
You can cancel your Exide Life Term Plan by visiting the nearest branch of Exide Life Insurance with your policy documents and duly filled surrender form. The refund amount will be directly transferred to your bank within 7 business days after the documents have been successfully validated.
Yes, it is compulsory for all the Exide term plans apart from Exide Term Insurance with return of premium does not require medical check-up.
Yes, non-smokers will get discounts on premiums of Exide Term Insurance.
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