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.
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
Top performing plans with High Returns*
Invest ₹10K/month & Get ₹1 Crore returns*
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:
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Key reasons to buy this plan
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 |
Key reasons to buy this plan:
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
Key reasons to buy this plan
Eligibility Details
Minimum Entry Age |
0 Years |
|
Maximum Entry Age |
65 Years (for standard lives) |
|
Maximum Maturity Age |
75 Years |
|
Policy Term |
10 to 20 Years |
|
Premium Payment Term (PPT) |
Regular PPT: Same as policy term Limited PPT: 10 Years |
|
Premium Payment Frequency |
Annual, Half-Yearly, Monthly** |
|
Minimum Premium |
Annual : ₹2,00,000 Semi Annual : ₹100,000 Monthly : ₹20,000 |
|
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) |
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.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
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;
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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