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 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
Reasons to buy Exide Life New Creating Life Plans :
|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.
|Waiver of Premium||
|Modes of Premium payment||Annual, Monthly||Annual, Monthly|
|Guaranteed addition of 10% of Sum Assured on maturity||Yes||No|
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
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
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;
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