Exide Life Insurance Company Limited, is an established and profitable life insurance company, which commenced operations in 2001-02. The Company is head quartered in Bengaluru. It manages assets of INR 18,381 Crores (as on 31 March, 2021). Exide Life Insurance distributes its products through multiple channels viz. Agency, Bancassurance, Corporate Agency & Broking, Direct Channel and Online. The Agency channel comprises of 40,000+ advisors attached to across 200 locations across the country (as on 31 March 2021).
Save Upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
The Company offers individual as well as group life insurance solutions. For more than six decades, Exide Industries has been one of India's most reliable brands, enjoying unrivalled reputation and recall. Constant emphasis on innovation, extensive geographic footprint, strong relationship with marquee clients and steady technology upgradations with global business partners has made Exide Industries, a reliable brand that India trusts. Recognized as the Economic Times Best Brand under the BFSI category in 2020, Exide Life Insurance Company Limited is 100% owned by Exide Industries Limited. One of the pioneers among private life insurers in India, the Company was founded in 2000, and started its operations from 2001.
Traditional plans, also called Conventional Insurance Plans are plans where money is invested as per the guidelines laid down in the Insurance Act. The whereabouts of the invested premium is not known to the policyholder. The policyholder is simply promised certain benefits payable on death, maturity or as money back. Traditional Investment Plans have some of the basic features which are mentioned below:
Exide Life has a diverse product portfolio such that every financial need is catered. Exide Life Insurance offers you, variety of Savings and Investment options that include the benefits of life insurance as well. You can choose a plan based on your life stage and financial needs. The investment plans provide you with a choice to form a portfolio suitable to your risk appetite. An early savings and investment decision can help you prepare financially for a long and happy life.
Key reasons to buy this plan:
Eligibility Details
Policy Term | 16 Years | 20 Years | 24 Years | 30 Years |
Premium Payment Term | 8 Years | 10 Years | 12 Years | 15 Years |
Income Payout Term | 8 Years | 10 Years | 12 Years | 15 Years |
Minimum Age at Entry | 10 Years | 8 Years | 6 Years | 3 Years |
Maximum Age at Entry | 55 Years | 55 Years | 55 Years | 55 Years |
Minimum Annualized Premium | ₹24,000 | ₹18,000 | ₹12,000 | ₹12,000 |
Maximum Annualized Premium | No Limit | |||
Sum Assured | Minimum: ₹90,978 Maximum: No Limit | |||
Premium Payment Frequency | Monthly, Annual |
Key reasons to buy this plan:
Eligibility Details
Feature | Exide Life Secured Income Insurance Plus | Exide Life Secured Income Insurance RP |
Minimum / Maximum Age at Entry | 0 Years – 50 Years | 0 Years – 55 Years |
Minimum / Maximum Age at Maturity | 18 Years – 70 Years | 18 Years – 70 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 Premium Payment Term |
Minimum 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. |
Maximum Premium | No Limit (Subject to underwriting) | No Limit (Subject to underwriting) |
Modes of Premium payment | Annual, Monthly | Annual, Monthly |
Guaranteed addition of 10% of sum assured on maturity | Yes | No |
Key reasons to buy this plan:
Eligibility Details
Premium Paying Term (PPT) | 6 years | |
Policy Term | Lump Sum Variant | Income Variant |
12 & 15 years | 37 years | |
Maximum Age at Entry (As on last birthday) | 60 years | |
Minimum Age at Maturity (As on last birthday) | 18 years | 48 years |
Maximum Age at Maturity (As on last birthday) | 75 years | 97 years |
Minimum Premium | 1,00,000 (Annual) 60,000 (Half-Yearly) 10,000(Monthly) | |
Maximum Premium | No Limit subject to board approved underwriting policy | |
Premium Payment Mode | Annual, Half yearly, Monthly# | |
Income Payout Mode | Annual |
Key reasons to buy this plan:
Eligibility Details
Minimum / Maximum Age at Entry |
For Policy Term 10 Years : 8 Years– 60 Years For Policy Term 12 Years : 6 Years– 60 Years For Policy Term 15 Years: 3 Years– 60 Years (Age last birthday) |
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Minimum / Maximum Maturity Age | 18 Years- 75 Years (Age last birthday) |
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Policy Term | 10, 12 and 15 Years | |
Premium Paying Term (PPT) | 5 Years | |
Minimum / Maximum Premium (₹) |
Minimum - Annual Mode: ₹24,000 Half-Yearly Mode: ₹33,000 Monthly Mode: ₹5,500 Maximum – No Limit (subject to Board approved Underwriting Policy) |
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Minimum / Maximum Basic Sum Assured (₹) |
Minimum – ₹67,950 Maximum – No Limit (subject to Board approved Underwriting policy) |
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Premium Payment Modes | Annual, Half-Yearly, Monthly |
Key reasons to buy this Plan
Eligibility Details
Feature | Exide Life New Fulfilling Life | |
Minimum / Maximum Entry Age |
15 to 50 years (For PPT 12,16 or 20 years) 15 to 46 years (For PPT 24 years) |
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Maximum Premium Ceasing Age | 70 years | |
Policy Term | 85 years minus age at entry | |
Premium Paying Term (PPT) | 12, 16, 20 and 24 | |
Minimum Premium |
For PPT 12 years : ₹24,000/ For PPT 16,20,24 years : ₹12,000/-. |
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Maturity Benefit | Sum Assured + Accumulated Bonuses | |
Death Benefit |
Sum of the following: •-Guaranteed Death Benefit which is higher of Sum Assured or 10 times the Annualized Premium •-Vested bonus, if declared •-Terminal bonus, if declared Death benefit will never be less than 105% of the total premiums paid |
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Modes of premium payment | Annual, Monthly |
Key reasons to buy this plan
Eligibility Details
Minimum age at entry (Age as on last birthday) |
3 Years (15 Year Policy Term) 6 Years (12 Year Policy Term) 8 Years (10 Year Policy Term) |
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Maximum age at entry (age as on last birthday) |
60 Years (Limited Premium Payment Term 5 Years) 65 Years (Single Premium) |
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Minimum Maturity age | 18 years | |
Maximum Maturity age |
75 Years (Limited Premium Payment Term 5 Years) 80 Years (Single Premium) |
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Policy Term(s) | 10, 12 or 15 years (Policy term is inclusive of the premium payment term chosen) | |
Premium Payment Term(s) | Limited (5 years) or Single Premium (5 years is one of the option along with single premium) | |
Minimum Premium (Rs.) |
Limited Premium Payment Term (5 Years): Annual: ₹50,000 Semi Annual: ₹30,000 Monthly: ₹5,000 Single Premium: ₹2,50,000 |
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Maximum Premium (Rs.) | No limit (subject to board approved underwriting policy) | |
Minimum Sum Assured on Maturity |
Limited Premium Payment Term (5 years): ₹159,446 Single premium: ₹197,323 |
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Premium Payment Mode | Annual / Semi Annual / Monthly**/Single |
Key reasons to buy this plan
Premium Payment Term (PPT) | 6/8/10 years | |
Policy Term | Lump sum Variant | Income Variant |
6 PPT: 12 years | 6 PPT: 6 years | |
8 PPT: 12/16 years | 8 PPT: 8 years | |
10 PPT: 15/20 years | 10 PPT:10 years | |
Minimum Age at Entry (as on last birthday) | 8 years for 10 PPT | |
10 years for 8 PPT | ||
12 years for 6 PPT | ||
Max. Maturity Age | 65 years | |
Maximum Age at Entry (as on last birthday) | 50 years | |
Premium Payment Mode | Annual,Half Yearly, Monthly# | |
Min. Premium | PPT | Min. Premium |
6 yrs | ₹20,000 (Annual) | |
₹12,000 (Half Yearly) | ||
₹2,000 (Monthly) | ||
8 yrs | ₹15,000 (Annual) | |
₹9,000 (Half Yearly) | ||
₹1,500 (Monthly) | ||
10 yrs | ₹10,000 (Annual) | |
₹6,000 (Half Yearly) | ||
₹1,000 (Monthly) | ||
Max. Premium | ₹95,000 (subject to Board approved underwriting policy) | |
Income Payout Mode | Annual, Monthly |
Key reasons to buy this plan:
Premium Payment Term (PPT) | 6/8/10 years | |
Policy Term | Lump sum Variant | Income Variant |
6 PPT: 12 years | 6 PPT: 6 years | |
8 PPT: 12/16 years | 8 PPT: 8 years | |
10 PPT: 15/20 years | 10 PPT:10 years | |
Minimum Age at Entry (as on last birthday) | 8 years for 10 PPT | |
10 years for 8 PPT | ||
12 years for 6 PPT | ||
Max. Maturity Age | 65 years | |
Maximum Age at Entry (as on last birthday) | 50 years | |
Premium Payment Mode | Annual, Half Yearly, Monthly | |
Min. Premium | PPT | Min. Premium |
6 yrs | ₹20,000 (Annual) | |
₹12,000 (Half Yearly) | ||
₹2,000 (Monthly) | ||
8 yrs | ₹15,000 (Annual) | |
₹9,000 (Half Yearly) | ||
₹1,000 (Monthly) | ||
10 yrs | ₹10,000 (Annual) | |
₹6,000 (Half Yearly) | ||
₹1,000 (Monthly) | ||
Max. Premium | ₹95,000 (subject to Board approved underwriting policy) | |
Income Payout Mode | Annual, Monthly |
Key reasons to buy this plan:
Premium Payment Term (PPT) | 5 years/8 years | ||
Policy Term (Years) | For 5 PPT-10 years, For 8 PPT-16 years | ||
Minimum Age at Entry (as on last birthday) | PPT | Uniform Income Benefit | Enhanced Income Benefit/ Increasing Income Benefit |
5 years | 13 years (14 years for Monthly Income Payout) | 8 years (9 years for Monthly Income Payout) | |
8 years | 10 years (11 years for Monthly Income Payout) | 2 years (3 years for Monthly Income Payout) | |
Maximum Age at Entry (as on last birthday) | PPT | Age at Entry | |
5 years | 60 years | ||
8 years | 54 years | ||
Minimum Premium (Rs.) | PPT | Uniform Income Benefit | Enhanced Income Benefit/ Increasing Income Benefit |
5 years | 95,000 (Annual) 50,000 (Half-Yearly) 9,000 (Monthly) | 50,000 (Annual) 30,000 (Half-Yearly) 5,000 (Monthly) | |
8 years | 50,000 (Annual) 30,000 (Half-Yearly) 7,000 (Monthly) | 25,000 (Annual) 15,000 (Half-Yearly) 4,000 (Monthly) | |
Maximum Premium (Rs.) Premium Payment Mode Income Payout Frequency | No Limit (subject to Board approved underwriting policy) | ||
Annual, Half Yearly, Monthly# | |||
Annual, Monthly |
Key reasons to buy this plan:
Eligibility Parameters | Policy Term (Years) | ||
16 | 24 | 30 | |
Premium Payment Term (Years) | 8 | 12 | 15 |
Benefit Payout Term (Years) | 8 | 12 | 15 |
Minimum Age at Entry (as on last b’day) | 10 years | 6 years | 3 years |
Maximum Age at Entry (as on last b’day) | 55 years | 55 years | 50 years |
Minimum Age at Maturity | 26 years | 30 years | 33 years |
Maximum Age at Maturity | 71 years | 79 years | 80 years |
Minimum Premium (₹) | Annual : ₹30,000 Monthly : ₹2,724 Half-Yearly : ₹15,470 | Annual : ₹18,000 Monthly : ₹1,635 Half-Yearly : ₹9,300 | Annual : ₹12,000 Monthly : ₹1,090 Half-Yearly : ₹6,19 |
Maximum Premium (₹) | No Limit (subject to board approved underwriting policy) | ||
Premium Payment Frequency | Annual, Half-Yearly, Monthly# | ||
Income Payout Mode## | Option A: Annual only Option B: Annual, Monthly |
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.
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