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Exide Life Unit Linked Insurance Plans
Your goals and responsibilities increase with every growing stage of life. No wonder, there is a need to invest to not only maximize your wealth but also ensure a strong financial foundation to realize your goals.
Exide Life Insurance Company presents a suite of Unit Linked Insurance Products, which cater to both your needs of protecting your loved ones and being invested in market-linked funds.
Best Investment Plans
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Guaranteed Tax Savings
Under sec 80C & 10(10D) ₹ 1 Crore
Invest 10k Per Month*-
Zero LTCG Tax
Unlike 10% in Mutual Funds
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
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Exide Life
- Exide Life ULIP Plans
What are ULIPs?
Unit Linked Insurance Plans (ULIPs) are insurance plans combined with the features of a mutual fund. The premiums paid by the policyholder are held in a corpus which is then invested in stocks and shares of different companies operating in the capital market. The total market value of the corpus invested divided by the number of securities purchased give the Net Asset Value (NAV) which is the price of one unit of the fund. The premium paid is invested at the prevailing NAV which changes every moment with the market trend. ULIPs promise good returns linked to the market and also insurance coverage. The basic features of ULIPs are as follows:
- The premium paid is invested in a choice of funds offered by the company. Each fund represents different risk criteria. The basic funds offered are Equity Fund which has a high risk, Debt Fund which has low risk and Balanced Fund a mix of Equity and Debt Fund with a moderate risk. The returns are directly related to the risk profile of the fund.
- Applicable charges are deducted from the premium paid for insurance coverage, administration charge, fund management charge, etc.
- Insurance coverage depends on the amount of premium paid
- The premiums are to be locked-in for 5 years after which partial withdrawals are allowed from the fund value
- Switching option is available which enables the policyholder to switch his investment between funds
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Exide Life Wealth Maxima
Key reasons to buy this plan
- 3 plan options to suit your life stage needs
- Comprehensive life cover
- 3 investment strategies to suit your risk appetite
- Systematic investment option to benefit from equity markets
Eligibility Details
| Minimum Age at Entry |
Maxima Invest : 0 Years Maxima Family & Maxima Child* : 18 Years |
| Maximum Age at Entry |
Maxima Invest : 65 Years Maxima Family: 55 Years, Maxima Child : 50 Years |
| Maximum Age at Maturity |
Maxima Invest : 75 Years Maxima Family: 70 Years, Maxima Child : 65 Years |
| Policy Term | 10, 15 to 20 Years |
| Premium Payment Term | Same as policy term |
| Premium Payment Frequency | Annual, Half-Yearly, Monthly** |
| Minimum Premium |
Annual : ₹36,000 Semi Annual : ₹24,000 Monthly : ₹4,000 |
| Top Up Premium |
Minimum : ₹6,000 Maximum : ₹7,80,000 |
| Sum Assured |
For age till 44 : Annualized premium x 10 For age above 44 years : Annualized Premium x ( 7 or 10) |
| Top Up Sum Assured | 1.25 times top-up premium |
Exide Life Wealth Builder – Single premium plan:
Key reasons to buy this plan:
- Life Insurance Cover for full policy term
- Pay only One Premium. Choose Policy Maturity of 5 or 10 years.
- Benefit from New Exide Life Capped Nifty Index Fund - Choose from 8 Fund Options*
- 50% Mortality Charges returned on maturity in case of 10 year policy term
Eligibility Details
| Policy Term (Years) | 5 | 10 |
| Minimum Age at Entry (Years) | 13 | 8 |
| Maximum Age at Entry (Years) | 65 | |
| Age at Maturity | Min 18 years - Max 75 years | |
| Minimum Premium | ₹ 50,000 (for Direct and Online channels) ₹ 1,00,000 (other channels) | |
| Maximum Premium | No Limit (subject to Board approved underwriting guidelines) | |
| Premium Payment Term | Single Premium | |
| Top-up Premium | Minimum: ₹ 10,000 Maximum: Amount equal to single premium or ₹ 40,00,000, whichever is lower | |
| Sum Assured | Maximum* | Minimum* |
| For Age at entry less than 44 years | 10 times of Single Premium | 1.25 times of Single Premium |
| For Age at entry equal to 44 years | 1.25 times of Single Premium | 1.25 times of Single Premium |
| For age at entry greater than or equal to 45 years | 1.25 times of Single Premium | 1.25 times of Single Premium |
| Additional Sum Assured (for age at time of top-up premium less than 45 years) | 1.25 times of Top-up Premium | 1.25 times of Top-up Premium |
| Additional Sum Assured (for age at time of top-up premium greater than or equal to 45 years) | 1.25 times of Top-up Premium | 1.25 times of Top-up Premium |
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Exide Life Wealth Elite
Key reasons to buy this plan
- Choice of 8 fund options
- Investment Strategy
- Comprehensive Death benefit
Eligibility Details
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Minimum Entry Age |
0 Years |
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Maximum Entry Age |
65 Years (for standard lives) |
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Maximum Maturity Age |
75 Years |
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Policy Term |
10 to 20 Years |
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Premium Payment Term (PPT) |
Regular PPT: Same as policy term Limited PPT: 10 Years |
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Premium Payment Frequency |
Annual, Half-Yearly, Monthly** |
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Minimum Premium |
Annual : ₹2,00,000 Semi Annual : ₹100,000 Monthly : ₹20,000 |
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| Minimum Sum Assured Maximum Sum Assured |
For age up to 44 years Annualized Premium* x 10 Annualized Premium x 20 |
For age above 44 years Annualized premium x (7 only)*** Annualized premium x (10 only) |
Applying for a Unit Linked Plan from the company:
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.
Applying For ULIPs through PolicyBazaar
- On the PolicyBazaar homepage, click on ULIPs under the Personal tab.
- Click New Quotes to compare and choose from top insurance providers.
- Fill your date of birth (DOB), whether you are a smoker/non-smoker, and the payout amount. On the basis of your payout amount, you will get an estimate of your premium. Next click Continue.
- Fill in your name, email address, city, country code, and mobile number. Click Continue.
- You will be taken to the Life Insurance quotes page where you will see life insurance quotes of more than 10 insurers. Next, choose the plan as per payment schedule – One Time Payout and Monthly Payout Plans.
- After reviewing and comparing each life insurance quote, click the premium amount to buy the desired plan.
- You will see a pop-up on the screen which will give you an overview of the chosen plan like premium, plan features, exclusions, additional riders, etc. Click Proceed.
- This will take you to the insurer’s website. You will have to fill in the necessary details to buy the plan.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Exide Life ULIP Plans - FAQs
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Q. How to pay a premium? What are the modes of payment available?
Ans:. Exide Life Insurance Company offers 8 modes of premium payment namely:- Cash payment at the branch
- Payment at the Axis Bank
- Payment at ING Bank
- Online Payment
- NEFT
- ECS
- Auto Debit
- Other options
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;
- Credit Card,
- Debit Card
- Net banking
- Bangalore one
- Tech process solution
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Q. How can I check policy status for Exide Life ULIP plans?
Ans:. You can check your policy sttaus if you are registered online. Simply login with your policy number and data of birth on MY LIFE tab to check the policy status. You may also check other policy details from the same link. -
Q. What is the policy renewal process for Exide Life ULIP plans?
Ans:. You can renew policy online.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
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Q. What is the company’s process to settle claim for Exide Life ULIP plan?
Ans:. Please register your claim on Register Your Claim section. Just provide all the necessary information asked in various fields. You also need to use the claim intimation form which can be availed from the branch, or can download from the website or can be sent to you on your mail if you ask the same to the company on their mail id. Once all the documents are submitted to the company, it will provide you with a receipt and a reference number that can be quoted during all the communication. The claim will be settled within 7 business days. -
Q. What is the policy cancellation process for Exide Life ULIP plans?
Ans:. To cancel the policy, you can visit the branch personally with your policy documents and duly filled surrender form. Upon successful validation of the documents, the refund will be directly credited in your bank within 7 bsuiness days.
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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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