Exide Life Jeevan Uday is a traditional life insurance plan providing the dual benefits of savings and insurance.
|
|
Minimum |
Maximum |
|
Entry Age (Last Birthday) |
0 years |
55 years |
|
Maturity Age (Last Birthday) |
18 years |
70 years |
|
Policy Term (PT) in years |
10, 15, 20 |
|
|
Premium Paying Term (PPT) in years |
10 |
|
|
Premium Paying Frequency |
Annual, half-yearly |
|
|
Yearly Premium |
6000 |
No limit |
|
Sum Assured on Maturity |
37,734 |
No limit |
|
Sum Assured on death |
42,000 |
No limit |
Annual premium in Rupees and Benefit Illustration
|
Age |
35 years |
|
Policy term |
20 years |
|
Premium |
8000 |
|
SA |
64,628 |
|
Guaranteed Maturity Benefit |
80,800 |
|
Guaranteed Death Benefit |
80,000 |
|
Maturity Benefit @ 4% |
90,479 |
|
Maturity Benefit @ 8% |
165,448 |
Grace Period: 30 days’ grace period is allowed for premium payment
Policy Termination or Surrender Benefit: the policy can be surrendered after 3 years if one full years’ premium has been paid. The Surrender value will be higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV)
GSV = (% of all Premiums paid + % of vested bonuses)
Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.
Inclusions
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.
