Exide Life Child Plans

Exide Life Insurance brings you a new class of child insurance plans under the bouquet “Exide Life New Creating Life Insurance Plans”. These plans are designed to offer financial security for your children’s goals, even if you are not there.

Exide Life Child Plans

Exide Life Insurance Company sells child plans in three varieties. While two of the plans are traditional plans which offer guaranteed benefits, one plan is a unit linked plan which has an option of utilizing the plan as a child plan. Let us take a look at the plans sold by the company

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Exide Life New Creating Plans

Reasons to buy Exide Life New Creating Life Plans :

  • Waiver of Premium
  • Tax Free Returns
  • Death Benefit with Family Income Payout
  • Limited Pay Option/Regular Pay Option

Eligibility Details

 Feature Exide Life New Creating Life Insurance Plus Exide Life New Creating Life Insurance Regular Pay
Minimum / Maximum Age at Entry (Parent) 18 Years – 45 Years 18 Years – 45 Years
Maximum Age at Maturity (Parent) 60 years 60 years
Minimum / Maximum Age at Entry (Child) 0 Years - 17 Years 0 Years - 17 Years
Premium Paying Term (PPT) 5, 8 or 10 Years 15 - 25 Years
Policy Term (Years)

For PPT 5 Years: 10 – 20 Years

For PPT 8 Years: 12 – 20 Years

For PPT 10 Years: 15 – 20 Years

Equal to PPT
Minimum Annual Premium (₹)

For PPT 5 Years: ₹50,000 p.a.

For PPT 8 Years: ₹30,000 p.a.

For PPT 10 Years: ₹25,000 p.a.

₹15,000 p.a.
Waiver of Premium

Yes

Yes
Modes of Premium payment Annual, Monthly Annual, Monthly
Guaranteed addition of 10% of Sum Assured on maturity Yes No

Applying for a Child Plan from the company:

Online

The company offers specific plans which are available online only. The customer only needs to log into the company’s website, choose the required plan, choose the coverage and provide the details. The premium will be determined using the filled details. The customer then needs to pay the premium online through credit card, debit card or net banking facilities and the policy will be issued

Intermediaries

Plans which are not available online can be purchased from agents, brokers, banks, etc. where the intermediaries help with the application process.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Applying For Child Plans through PolicyBazaar

  • On the PolicyBazaar homepage, click on Child Plans under the Personal tab.
  • Click New Quotes to compare
  • Fill your date of birth (DOB), whether you are a smoker/non-smoker, and the payout amount. On the basis of your payout amount, you will get an estimate of your premium. Next click Continue.
  • Fill in your name, email address, city, country code, and mobile number. Click Continue.
  • You will be taken to the Life Insurance quotes page where you will see life insurance quotes of more than 10 insurers. Next, choose the plan as per payment schedule – One Time Payout and Monthly Payout Plans.
  • After reviewing and comparing each life insurance quote, click the premium amount to buy the desired plan.
  • You will see a pop-up on the screen which will give you an overview of the chosen plan like premium, plan features, exclusions, additional riders, etc. Click Proceed.
  • This will take you to the insurer’s website. Fill in the necessary details to buy the plan.

Exide Life Child Plans - FAQs

  • Q.1. How to pay a premium? What are the modes of payment available?

    Ans: Exide Life Insurance Company offers 8 modes of premium payment namely:
    • Payment at the Axis Bank
    • Payment at ING Bank
    • Online Payment
    • NEFT
    • ECS
    • Auto Debit
    • Other options

    In the other options you can make the payment at South Indian Bank branches, in Karnataka you can make the payment at Karnataka one counters through cash, DD, Cheque, Debit or Credit card. In Bangalore you can also make payment at Bangalore one counters by cash, DD, Cheque, or credit cards. You can also pay at HDONE counters with cash, cheque, or DD if you are in Hubli or Dhrwad.

    For the online payment mode, the policyholder can pay via;

    • Credit Card,
    • Debit Card
    • Net banking
    • Bangalore one
    • Tech process solution
  • Q.2. How can I check policy status for Exide Life child pans?

    Ans: You can check your policy sttaus if you are registered online. Simply login with your policy number and data of birth on MY LIFE tab to check the policy status. You may also check other policy details from the same link.
  • Q.3. What is the policy renewal process for Exide Life child pans?

    Ans: You can renew policy online.

    Step 1: Simply enter your policy details and date of birth to log into your account

    Step 2: Make payment via Debit/Credit card or Net Banking

    Step3: Print the cyber recipt of the premium payment made

  • Q.4. What is the company’s process to settle claim for Exide Life child pans?

    Ans: Please register your claim on Register Your Claim section. Just provide all the necessary information asked in various fields. You also need to use the claim intimation form which can be availed from the branch, or can download from the website or can be sent to you on your mail if you ask the same to the company on their mail id. Once all the documents are submitted to the company, it will provide you with a receipt and a reference number that can be quoted during all the communication. The claim will be settled within 7 business days.
  • Q.5. What is the policy cancellation process for Exide Life child pans?

    Ans: To cancel the policy, you can visit the branch personally with your policy documents and duly filled surrender form. Upon successful validation of the documents, the refund will be directly credited in your bank within 7 bsuiness days.
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 26 Reviews)
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Exide Life Child Plans Reviews & Ratings

4.4 / 5 (Based on 26 Reviews)
(Showing Newest 25 reviews)
Madhur
Bhavnagar, March 02, 2021
Long term benefits
It is amazing to know that I bought a child plan of exide life insurance from policybazaar. It has been a long term benefit plan for the securing future of my child. Great team.
Naman
Anand, February 19, 2021
Secure child’s future
I bought a child insurance plan 3 years back for my son. Now he is 6 years old and when he will turn 18 there will be enough corpus for my child to get the best education. I bought the exide life insurance plan from policybazaar.
Kiran
Hyderabad, July 19, 2016
Coverage Is Good
I purchase child insurance plan form exide insurance. The policy coverage is high ~89% and the claims are easily sanctioned. Service is fast given by the staff of the insurance company. Policy premium is less and daily updates of the plan can be seen on time website.
Parul
Indapur, July 08, 2016
Child Insurance Plan
The child insurance plan which i purchase for my child is good and premium is less. Policy coverage is maximum and claims are easy to sanction. Service given by the staff members is fabulous and online service is even better. Update are mailed to me time to time.
Jiten
Bangalore, June 28, 2016
Good
My child insurance plan has good number of m=benefits like low premium and policy coverage is high. The service is fantastic which provided by the company. Good future investment which has good internet portal service which reduces my paperwork. Hassle free documentation.
Nilesh
Mumbai, April 13, 2016
Marvelous Plan
Recently i bought a child insurance for my child from exide life insurance. The policy having great plans with low premiums. The policy coverage are really good and the services are good and on time. The claims are the best among all. Good future investment and it save taxes too. Really happy with the policy.
Lovely
Ahmednagar, April 13, 2016
Trustworthy
I have policy for my children from exide life insurance child plan. The plan has low premiums and high returns. The policy coverage is high ~96% and the claim is Rs.43 L. Service is also nice with good and on time availability. Nice future investment and it saves taxes too.
Prashant
Jarod, April 13, 2016
Super Policy
Finally found the policy for my child and buy it and the plan is exide life child insurance policy plan. The policy coverage is high and the premiums are low. The service provided by you guys is superb and the behaviour of your staff is great with good response. Nice future investment with tax saving.
Uttam
Hoshiarpur, April 13, 2016
Excellent Policy
I own child policy plan which i buy from exide life insurance. Policy have various benefits but the policy coverage is the best. Approx. 89% is covered in the policy. Claims are high and the premiums are low. Service is good. Nice future investment which saves tax also. The behaviour of executives are also great. I like the policy plan.
Kamal
Fakirpur, April 13, 2016
better policy than others
My child policy plan is with exide life insurance. The policy premium is low and the policy coverage is high. The service is fast and the claiming is become easy without any paper work. The payback amount is around Rs.40 L after policy get mature. Nice future security and it save tax also.
Jatin
Baleswar, April 13, 2016
Super Policy
Superb child policy plan which provided by exide life insurance. The policy coverage is 79% and the claims are ~Rs.33 L after policy ends. The investment is ~Rs.21 K quarterly per year till policy end. Services are great and fast too. Great work guys. I like the policy plan.
Tanmay
Salipur, April 13, 2016
High Policy Coverage
I buy child policy plan with exide life insurance which has very good policy coverage ~ 95%. The service is also good, fast and on time. The claims are high ~ 41 L and claiming process is easy because the executive and staff members providing good response and quick services. Nice work great policy.
Raghav
Lohara, April 13, 2016
Best Plan
The best child policy plan i bought from exide life insurance and the policy plan is awesome. The policy coverage is 90% and the claims are 39 L after policy get mature. The investment is low and the returns are high. Good future plan with tax protection. I like my policy very much.
Abhishek
Lauriya, April 13, 2016
Damn Good
My child policy plan is very good and the insurer is exide life insurance. The policy has many benefits like good investments for future and it save taxes also. Policy coverage is 89% and the claims are around 43 L after policy ends. Fair Terms and Conditions. I like the policy plan.
Sumeet
Pilani, April 13, 2016
Fantastic
I purchase child policy plan from exide life insurance. The policy coverage is 91% and the claims are good with low premiums. Service you provided is very quick and the behaviour of the executives and staff members is nice. Good future investment and it reduces taxes also. Nice policy plan.
Gaurav
Nasik, April 13, 2016
Future Security
I own child policy plan which i buy from exide life insurance. Policy have various benefits but the policy coverage is the best ~97% is covered in the policy. Claims are high and the premiums are low. Service is good. Nice future investment which saves tax also.
Yogesh
Manesar, April 13, 2016
Policy coverage is good
I purchase exide life insurance policy plan and took child insurance policy plan. Policy coverage is good 91% and the payback amount is 35 L when policy ends. Claims are easily get due to great services by executives of the company. Nice future investment and it saves taxes also. Good Work.
Fabian
Malda, April 13, 2016
Satisfied
I have exide life insurance child policy plan. Policy coverage is good 82% but the premium is low. Service provided is bit slow and claims are good and Rs.34 L is the amount i get after policy get end. I just wanted to say that satisfactory policy plan.
Rohit
Dwarka, April 13, 2016
Ok Term Plan
My child policy plan is not super policy but an average one. Exide life insurance provide wide range of policies. My policy coverage is good 87%. Service is nice and work is done in short period of time. Claims are high and the payback amount is 37 L after policy get mature. The service provided by the executives and staff members are really nice. Good future security.
Dinesh
Ludhiana, April 13, 2016
Fine Policy
I buy a child policy plan for my child from exide life insurance. Policy coverage is high 89% but the premium is low. Claims are easy to get because of the fast service provided by the executives and staff members. Daily updates are also mailed to me time to time. Fine policy good work.
Sandeep
Patiala, April 13, 2016
Good Service
I purchase child policy plan by exide life insurance. Policy coverage is 92% and the claims are high. Premium is low and the services are fast and with great response from executives and staff members of the company. Good future investment and it saves taxes too. I'm happy with my policy plan, nice job guys.
Amit
Lucknow, April 13, 2016
Awesome
I found awesome child policy plan from exide life insurance. The claim is high and the policy coverage is 87%. Service you provided is fast and very quick. Daily updates are mail and texted to me. The policy is good for future investment and it saves taxes also. I like my policy.
Ishant
Coimbatore, April 13, 2016
Fine
I had child policy plan for my child through exide life insurance child plan. The policy is nice, Good policy coverage ~83% and claiming amount is Rs.31 L after policy get mature. But the service is bit slow, please improve it. And the behaviour of the executives and staff members are nice. Good future investment with saving tax too.
Prabhjot
Agartala, April 13, 2016
Nice
Recently i bought a child insurance policy plan for my child from exide Life Insurance. The policy having great deals and low premiums. The policy coverage is approx. 91% and the services are even better and on time till now, rest see in future. The claims are the best. Happy with the policy plan.
Omesh
Kota, April 13, 2016
Good Service
Policy coverage is high ~89% and the policy claims are even better. Premiums are low approx. 28 k quarterly per year. Nice child policy plan which i buy from exide life insurance, is good investment for future and it save taxes also. Service is very good which facilitate by the executives and staff members. Good job guys.
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