Exide Life Insurance Term Plan Premium Calculator

The current market of Life Insurance is loaded with myriad term plans accompanied by riders. Exide Life Insurance caters to the customers’ requirements of all-inclusive term insurance plans. The list of Exide Life Insurance products embraces protection plans, investment and savings plans, retirement plans, group business plans, and many more. Do you aspire to purchase one of the Exide Life Insurance Term Plans? You can make your assessment easier with the use of the Exide Life Insurance Term Plan Premium Calculator available on the official website of the insurer. Term plans offer the following benefits to the policy buyer.

  • Term plans provide financial assistance to the family of the policyholder even during his/her non-presence.
  • When compared with other Life Insurance policies, the term plans offer an elegant assured sum within the policy term at an affordable premium value. However, the policyholders are not entitled to any maturity benefits.
  • The term plans that offer a return of premium ensure financial protection to your family during the term of the plan. The paid premiums are returned to the policyholder or his family at the end of the term.
  • In cases of term plans, the premiums paid within the policy term and the returned premium at the close of the policy term are not taxable. Such plans offer you more benefits beyond just offering a life insurance cover.

Why Should you use Term Insurance Premium Calculator?

The amount paid by the customer or the insured to get the coverage as a portion of any insurance policy is referred to as Premium. There are several factors that influence the sum to be paid as a premium. These factors vary for different insurers. If you are in the course of purchasing an Exide Life Term Insurance plan, then you must definitely use Term Insurance Plan Premium Calculators to gain more knowledge about how the premium is calculated by this insurer on their plans.

Exide Life Insurance Term Plan Premium Calculator

The Exide Life Insurance Term Plan Premium Calculator is a platform available online that automatically computes the premium amount for a policy preferred by the insured, considering various other factors such as gender, age, term of maturity of the plan, assured sum, etc. The customer can try out various combinations of policy terms and coverage provided to purchase a highly cost-effective plan that suits your requirement.

The Process to use the Exide Life Insurance Term Plan Premium Calculator

To compute the approximate premium that may be incurred for a particular term insurance policy of Exide Life Insurance, you can make use of Exide Life Insurance Term Plan Premium Calculator. Prior knowledge of the steps to be followed while using this online tool will add value to your research on the term plans. Below are the steps to be followed to make efficient use of the premium calculator.

Step 1: Access the official website of Exide Life Insurance.

Step 2: Scroll down to the bottom of the page to find the clickable tab “Get the Quick Quote.” Under this section, you will be able to see the Term Plan Premium Calculator.

Step 3: Click on the Term Plan Calculator.

Step 4: Enter the details of your requirement of the term plan. On submission of these details, you will be redirected to another page asking for your personal details.

Step 5: Enter accurate personal details and click on the “Finish” tab to submit the details that you have entered. The tool returns a pop-up stating an estimate of the premium that you may have to pay for the plan that you have selected.

Let us consider a few example scenarios of premium calculation in Exide Life Insurance plans for a better understanding. The table below describes the premium variations for an Exide Life Elite Term Insurance Plan, which has a policy term of 30 years and offers a life cover of Rs. 1 Crore.

The premium values calculated by the online Exide Life Insurance Term Plan Premium Calculator are estimate values. There may be variations of this value from the actual figures. You can get the best approximation by furnishing true and accurate information.

Key Advantages of Exide Life Insurance Premium Calculator

The use of the online Exide Life Insurance Term Plan Premium Calculator has several advantages. A few of them are listed below:

  • Aspirants exploring to purchase the best term insurance policy in the market can use the premium calculator tool to learn more about the plans that suit them. This saves the efforts and time of the expectant policyholder by eliminating the need to contact each and every insurance company in person or over calls to check the details of the plan.
  • This effective tool to estimate your premiums for a particular plan is highly user-friendly. You can rely on the figures reflected by this tool as they are accurate. There may be a negligible variation, though.
  • You need not batter your brain with the manual comparison of various plans and getting confused about which plans to choose. The tool will suggest an appropriate plan that suits your affordability, financial goals, and other policy requirements.
  • It does the computation automatically without human intervention, and hence the calculation is hassle-free.
  • You can modify the details entered so that you can do research on premium values for several combinations.

Information required while using Exide Life Insurance Term Plan Premium Calculator

A certain set of important details that the aspirant policyholder must have while using the Exide Life Insurance Term Plan Premium calculator include the following personal details and plan requirements:

  • Name of the expectant purchaser
  • Mobile number of the aspirant
  • Email ID of the person who is aspiring to purchase a plan
  • Details of Smoking habits of the to be insured person (whether the person is a smoker or a non-smoker)
  • State and city to which the insured person belongs
  • Required Life cover
  • Date of birth of the person to be insured
  • The person’s gender
  • Required term for the payment of premium
  • Required policy term

The Core Benefits of buying Exide Life Insurance Term Plans

The Exide Life Insurance Term Plan provides the buyers with a substantial life insurance cover at an affordable premium sum. In addition to this, there are several key benefits offered by the Exide Life Term Insurance plans as listed below.

  • Significant life cover at affordable premiums
  • A healthy lifestyle attracts increased life cover at zero additional cost
  • Optional benefit of family income for five or ten years
  • Provision to extend the policy term by five or ten years

Exide Life Insurance Premium Rates

The amount to be paid as a premium for any of the Exide Life Insurance Term Plans depends on several variables. It would be best if you have a brief idea of the influence of these variables on the premium amount before you use the online Premium calculator tool. A few significant factors that decide the premium value are:

Life Cover

Life cover is the primary factor that decides the value of the premium to be paid for a particular term plan with Exide Life Insurance. It refers to the amount guaranteed to the nominee in cases of the policy holder’s unexpected demise. The premium value is directly proportional to the life cover sum. The higher the life cover amount, the higher the premium to be paid.

Age

Another important factor that determines the premium amount for a particular Exide Life Insurance Term plan is the policy holder’s age. The earlier you purchase the policy and start paying the premium, the lower the premium value. In other words, a younger policyholder pays a lesser Premium as compared to the aged policyholder.

Lifestyle Habits such as Smoking

The lifestyle practices and habits of the policyholder also determine the premium amount of a particular Exide Life Insurance Term Policy. A healthier person or a non-smoking policyholder is offered a lower premium rate, whereas a policyholder with poor health or smoking habits may end up paying higher rates of premium for any term insurance plan of Exide Life Insurance.

Gender

Women usually have a longer lifespan than men. There is scientific evidence to substantiate this fact. Hence, women are offered lower premium rates in contrast with male policyholders. Therefore, gender matters while determining the premium value for a particular term policy.

In comparison with all other life insurance plans offered by Exide Life Insurance, the term insurance plans are cost-effective because they incur fewer expenses. The logic behind the Exide Life Term Insurance Policies remains simple. In case of the sudden demise of the policyholder within the policy term, then his/her family will be entitled to the amount described as the life cover under that policy. Such policies are pure protection plans, and hence, the policyholder or his family will not gain any maturity benefits at the close of the policy term.

The Exide Life Insurance Term Plan Premium Calculator assists the policy buyers to compute the payable premium for a particular term policy. This online tool determines the premium value based on the age, gender, and lifestyle habits of the expectant policy buyer in addition to his/her requirements of life cover and policy term. You can purchase the most affordable policy with maximum life cover and other policy benefits by using the premium calculator of Exide Life Insurance.

FAQs

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

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

Exide Life Insurance Term Plan Premium Calculator Reviews & Ratings

4.3 / 5 (Based on 138 Reviews)
(Showing Newest 10 reviews)
Abishek
Najibabad, April 07, 2021
Choose the best
I choose the best term insurance plan from the policybazaar. I got the great assistance from policybazaar and they suggested me to choose the exide life insurance policy. Thanks team policybazaar.
Ashok
Perundurai Sanitorium, April 05, 2021
Discounts available
I got a huge discount when I bought the exide life insurance plan from the policybazaar. I really like it and found such plan which was useful for me. I found the plan relevant for me and my family. Also, the company has given me discount too which has made my payment process convenient. Thanks team policybazaar and exide life term insurance.
Varnika
Panchet, March 31, 2021
Choose the best
I choose the best term insurance plan from the policybazaar. I got the great assistance from policybazaar and they suggested me to choose the exide life insurance policy. Thanks team policybazaar.
Vipul
East Champaran, March 30, 2021
Discounts available
I got a huge discount when I bought the exide life insurance plan from the policybazaar. I really like it and found such plan which was useful for me. I found the plan relevant for me and my family. Also, the company has given me discount too which has made my payment process convenient. Thanks team policybazaar and exide life term insurance.
Athamallik, March 18, 2021
Check premium online
I checked the premium price online before buying this exide life insurance plan. Policybazaar is such platform where I can check the premium and compare all such plans. I got the best.
Rajat
Sahaspur, March 09, 2021
Pay online
I always pay the premium rates of my exide life insurance policy online. It has the liberty and everything is so good. I bought this plan 2 years back from the policybazaar. I am thankful to whole team of policybazaar.
Rishi
Banga, March 08, 2021
Happy customer
I am one of the happiest customer of policybazaar as I have taken the exide life insurance plan from them 4 years back. I am happy because they helped me in get the best life insurance policy. Thank a lot team.
Madhur
Bhavnagar, March 02, 2021
Long term benefits
It is amazing to know that I bought a child plan of exide life insurance from policybazaar. It has been a long term benefit plan for the securing future of my child. Great team.
Naman
Anand, February 19, 2021
Secure child’s future
I bought a child insurance plan 3 years back for my son. Now he is 6 years old and when he will turn 18 there will be enough corpus for my child to get the best education. I bought the exide life insurance plan from policybazaar.
Atharv
Atabira, February 16, 2021
Buy online
I bought this exide life insurance plan online from the website of the policybazaar. I bought it online and it was so easy and subtle. Thanks team policybazaar.
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