Exide Life New Fulfilling Life is a traditional Endowment Assurance plan with money back facility which creates savings at the same time providing life insurance coverage
|
|
Minimum |
Maximum |
|
Entry Age (Last Birthday) |
15 years |
50 years |
|
Maturity Age (Last Birthday) |
- |
85 years |
|
Policy Term (PT) in years |
85 – entry age |
|
|
Premium Paying Term (PPT) in years |
12, 16, 20, 24 |
|
|
Premium Paying Frequency |
Annual, monthly |
|
|
Yearly Premium |
12,000 |
No limit |
|
Sum Assured |
75,642 |
No limit |
Annual premium in Rupees and Benefit Illustration
|
Age (yrs.) |
Term (yrs.) |
Premium |
SA |
Maturity Benefit including Survival Benefit @ 4% |
Maturity Benefit including Survival Benefit @ 8% |
|
35 |
12 |
48,000 |
352,206 |
704,413 |
24,83,054 |
|
35 |
16 |
36,000 |
339,073 |
678,146 |
23,90,465 |
|
35 |
20 |
30,000 |
354,516 |
709,033 |
24,99,341 |
|
35 |
24 |
24,000 |
334,331 |
668,662 |
23,57,032 |
Grace Period: 15 days’ grace period is allowed for premium payment in monthly modes and 30 days in other modes
Policy Termination or Surrender Benefit: the policy can be surrendered anytime 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) – Survival Benefits already paid
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.
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.
