Exide Life Elite Term Insurance

Get ₹1 Cr. Life Cover at just ₹411/month*
No medical
checkup required
Save more with
upto 10% discount**
Covers
COVID-19
Why Exide Life Insurance?
98.54% Claim Settlement Ratio
Rs. 376 Crs Policy Holder Bonuses Paid In FY20-21
Rs. 18,381 Crore Asset under management
222% Solvency Ratio
Covers Covid - 19 death claims
100+ years of legacy (Exide Industries)

*Tax benefit is subject to changes in tax laws.

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

Get ₹1 Cr. Life Cover at just ₹411/month*
No medical checkup required
Save more with upto 10% discount**
Covers COVID-19
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Exide Life Elite Term Insurance Plan

Key reasons to buy this plan: 

  • Substantial Life Cover at affordable premiums 
  • Option for Family Income Payout of 5 or 10 years 
  • Life Cover: Rs. 50 Lakhs to 10 Cr 
  • Tax Benefit: U/S 80C of the Income Tax Act 1961 on your premiums paid

Exide Life Elite Term Insurance Plan is an individual life insurance plan, which helps the policyholders to access various benefits such as premium discounts, assured sums, and others during the policy term. If the policyholder dies, the family will receive death benefits as a payout option.

The insurance offers three payout options as the death benefit. These are lump-sum payout, lump sum with family income payout, and family income payout. The different payout options available with Exide Life Elite Term Insurance Policy, one can choose to receive the entire death benefit or receive a certain percentage of the lump sum amount and the rest as a regular income for five years or ten years.

The policy allows the beneficiaries to avail of various discounts and advantages based on the premiums paid or heath conditions maintained.

Eligibility for Exide Life Elite Term Insurance

Minimum age at entry 21 years
Maximum age at entry 60 years
Maximum Maturity Age 70 Years (As per last birthday)
Policy Term Regular Premium (RP): 10 to 40 years
Premium Paying Term (PPT) Regular Pay : Same as Policy Term
Minimum Sum Assured ₹50 Lakhs
Premium Mode Monthly & Yearly

What are the Documents Required to Buy the Policy?

The applicants must provide the following documents for the KYC process of policy management.

  • Identity Proof: Voter Card, Aadhar Card, PAN Card, Driving License or Passport
  • Address Proof: Voter Card, Aadhar Card, Driving License, Passport or Ration Card
  • Income Proof: Salary Slip or Income Tax Returns

How to buy this plan online?

To buy Exide Life Elite Term Insurance online, the applicants must follow the steps mentioned below.

Step 1: They must visit the official website of Policybazaar and fill the lead form.

Step 2: Choose Exide Life Elite Term Insurance plan.

Step 3: You will be redirected to the quotes page, where you will find quotes based on the details provided relating to insurance and contact information.

Step 4: The interested individuals will require calling the toll-free number 1800 258 8787, or the company personnel will contact and discuss the terms and conditions of the policy.

Step 5: The applicant will require filling up the application form by providing necessary details and draw a check in favour of the company.

However, interested individuals must assess Exide Life Elite Term Insurance reviews before making a final decision.

FAQs

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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