Exide Life Term Insurance Plan
Exide Life is one of the insurance companies providing insurance products in India. It is offering insurance products in the insurance sector in India since 2001. Exide Life Insurance plans are offered as per the need of the people. Exide Life is known for its quality customer service and belief in its customers.
In Exide Life term insurance plan, you get all the features that you get in term insurance plan. In this term insurance plan, if there is an accidental death of the insured during the policy term, then in this case the insurance company provides assistance in the form of insurance benefits to the nominee. Through this, the family members of the insured can meet their financial requirements without any hindrance.
In this, you get different types of premium payment options. Also you get the option of refund of your premium. You can also enhance your coverage by adding riders to it and you can also apply for tax benefits.
Features Of Exide Life Term Insurance Plan
The features of Exide Life Term Insurance Plan are as follows-
- It offers you the maximum term plan coverage at the lowest premium.
- In this, you get various premium payment options, under which you can choose to pay your premium monthly, quarterly, half-yearly and annually.
- In this you also get the option of return of premium.
- In this, you can increase your coverage by adding riders.
- In this you also get tax benefit.
- A free-look period of 15 to 30 days is available.
Benefits Of Exide Life Term Insurance Plan
The following are the benefits of Exide Life Term Insurance Plan :
- High Insurance Coverage:
The foremost advantage of Exide Life term insurance plan is that it offers you the maximum term plan coverage at the lowest premium. In this, you have to pay a very low premium as compared to other term insurance plans.
- Premium Payment Options:
You get multiple premium payment options in Exide Life Term Insurance Plan. In this, you get the option of paying premium monthly, quarterly, half-yearly and annually for your premium payment. You can choose any premium payment option as per your affordability.
- Return Of Premium:
Generally, you are not provided with any kind of maturity benefit in a term insurance plan. But Exide Life Term Insurance Plan also gives you the option of return of premium. In this, all the premiums paid by you are returned after the end of the policy term.
- Riders:
You can enhance your term plan coverage by adding riders to the Exide Life term insurance plan. In this, you get the option of adding riders like critical illness rider, terminal illness rider.
- Tax Benefits:
You also get the benefit of tax benefits in Exide Life Term Insurance Plan. In this, you can avail tax benefits under Section 80C of the Income Tax Act, 1961 on the premiums paid. While you are eligible for benefits under Section 10 (10D) of the Income Tax Act, 1961 on the death benefit received.
Exide Life Term Insurance Plan
Following are the term insurance plans offered by Exide Life:
- Exide Life Smart Term Pro
In this, you are provided with the benefit of life insurance coverage for the entire policy term.
In this, all the premiums paid by you are returned at the end of the policy term.
In this you get the option of 5, 8,10 or 12 years for premium payment.
In this you get the option of adding a rider.
You get the option of 5 or 10 years as Family Income Pay Out.
- Exide Life Smart Term Edge
In this you get 3 plan options. Like- Classic, Step-up and Comprehensive.
In this you get the option of returning the premium. 150% of the premium paid by you is returned to you after the end of the policy term.
In this, you get the option of increasing your term insurance coverage through riders.
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- Exide Life Term with Return of Premium
You do not need to undergo any kind of medical test to get this term insurance plan.
In this, you get the option to return the premiums paid by you at the end of the policy.
In this, you get many options in the form of premium payment option.
- Exide Life Saral Jeevan Bima
In this, you get a policy term ranging from 5 years to 40 years.
In case of death, the minimum sum assured is Rs 5 lakh and the maximum sum assured is Rs 25 lakh.
In this, you get options like Single Pay, Limited Pay, Regular Pay for premium payment.
In this, you can choose to pay your premium monthly, half-yearly or annually.
- Exide Life Term Rider
It is not an insurance plan but an add-on product.
Through this you can double your life cover.
The premium charged for this is very minimal through which you can enhance your life cover as per your requirement.
Exide Life Term Insurance Plan Eligibility
Eligibility for Exide Life Term Insurance Plan is as follows-
- The minimum age for Exide Life Term Insurance Plan should be 18 years.
- The maximum age for Exide Life Term Insurance Plan should be 65 years.
- Medical Test Report.
Documents Required For Exide Life Term Insurance Plan
The documents required for Exide Life Term Insurance Plan are as follows-
- application
- medical report
- Photo
- Income ratio
- age proof
- address proof
- identity proof
Exide Life Term Insurance Plan Premium
Exide Life Term Insurance Plan offers you multiple options for premium payment. You can choose to pay your premium payments monthly, quarterly, half-yearly, annually or as a single payment.
- Monthly,
- Quarterly,
- Half-yearly,
- Annual Premium Options,
- Single Payment Options .
How To Buy Exide Life Term Insurance Plan?
You can easily buy Exide Life Term Insurance Plan online as per your convenience. For this you have to visit the official website of Exide Life.
By visiting the official website of Exide Life, you have to go to the term insurance plan section. There you can select your desired Exide Life term insurance plan and buy that term insurance plan online within a few minutes.