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.

Read more
Best Investment Plans
  • 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
Grow Your Wealth !
Best Plans with High Returns available on one platform
+91
View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp

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

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)

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

  • 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
  • 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

  • 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.
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 24 Reviews)
Newsletter
Sign up for newsletter
Sign up our newsletter and get email about health plans.

Ulip plans articles

Recent Articles
Popular Articles
7 Things to Know About the Tax Benefits of ULIPs

06 Oct 2021

Nowadays, Unit Linked Insurance Plan i.e., ULIPs have evolved as...
How To Select The Best ULIP For Your Portfolio?

08 Sep 2021

ULIPs provide financial protection to the policyholder’s...
How to Choose The Right ULIP Plan In 5 Easy Steps

08 Sep 2021

Unit Linked Insurance Plans or ULIPs as known popularly, are one...
ULIP Calculator

08 Oct 2018

A ULIP calculator is a specifically developed tool which helps...
ULIP Fund Returns

08 Feb 2017

ULIP or Unit Linked Insurance plan  provides a combined benefit...
ULIP Calculator
A ULIP calculator is a specifically developed tool which helps the insurance buyers to calculate the premium...
ULIP Fund Returns
ULIP or Unit Linked Insurance plan  provides a combined benefit of investment and life cover. According to the...
SBI Life Smart Privilege Plan - All You Need to Know About Benefits & Features
One of the most trusted life insurance companies in India, SBI Life has recently come up with a new SBI Life...
11 ULIP Charges You Should Know About
Unit-Linked Insurance plan (ULIP) offers dual benefits of insurance and investment. Unlike traditional insurance...
Everything You Need to Know about LIC Market Plus Plan
Life Insurance Corporation, one of the largest insurance providers in India, offers a variety of plan to meet the...

Exide Life ULIP Plans Reviews & Ratings

4.1 / 5 (Based on 24 Reviews)
(Showing Newest 24 reviews)
Exide
Agartala, March 19, 2019
Good Service
I am 45 Yr. old women and writing this review to let other people know about the benefits and coverage under Exide Life ULIP Plans. I am fully satisfied with Exide Life ULIP Plan which meet my requirement at affordable price.
Yashu
Indapur, August 19, 2016
Good Investment
The exide ulip policy i have is fabulous. Service is fast provided by the executives of the insurance company. Claims are high and coverage is good. One of the best policy which has best terms and conditions. I bought this for me and my whole family.
Vinod
Mussorie, July 19, 2016
Ulip Insurance Plan
I have ulip insurance plan from ing vysya insurance. The insurance is perfect and it fully satisfactory for me and my family. The service is also nice with easy renewals and online service reduces paperwork also.
Zakir
Kota, June 30, 2016
Excellent service
My colleague show his insurance policy it was quite good actually. I buy it in very low investment. The ulip insurance plan of mine is really very nice. Terms and conditions of the policy is very flexible. Service is very nice and good response from your side.
Eshant
Jaisalmer, June 30, 2016
Coverage Is High
The exide life insurance is very good company and i took ulip insurance plan from them. Service of the company is perfect and the internet service is also nice with easy interface. The renewal of the policy is easily done on the internet.
Rishi
Darjeeling, June 30, 2016
ULIP Plan
Policy i purchase is ulip insurance plan and it has many advantages. Policy coverage is good and premium is low of the insurance. Good response of the staff of the company and behaviour is nice. The policy has health claims too.
Tannu
Ambala, June 30, 2016
Best Plan
i have the ulip plan policy which has low premiums and good returns. Policy has good coverage too with awesome claims which can be easily sanctioned. Service is very fast and good response through your executives and staff f your company.
Yashu
Gwalior, June 28, 2016
Good Response
The exide life ulip insurance plan i have is normal one but the some benefits are really very nice like premium is low and the returns are high. Service is bit slow but the internet website of yours is awesome, easy to access and everybody can operate it easily.
Umakant
Mumbai, June 28, 2016
Average Policy
My father advice me to look this policy and after seeing the plan, I purchase the ulip insurance policy. The service is so good and the customer care service is always working like 24X7. Policy coverage and claims are high and premium are less. Good returns in less investment.
Ishita
Jhansi, June 27, 2016
Fantastic Insurance
My ulip policy plan is fantastic. Policy coverage is high and claims are even better. Service you provided is fantastic with good behaviour of the staff members. Updates and renewal of the insurance policy is can be done on the internet.
Prashant
Delhi, June 27, 2016
ULIP Policy Plan
The policy i have is very nice and it has low premium benefit. The service is good and claims are easy to clear with the help of company members. The documentation is hassle free. Internet service is mind blowing, simple and easy to accessed.
Akash
Rohtak, June 26, 2016
Wonderful Plan
My friend suggested me a ulip insurance plan which has low premium and many more benefits. The policy coverage is high and the claims are easily sanctioned due to fast service facilitate by the company executives. Policy updates are mailed to me email id regularly.
Sandeep
Islampur, June 25, 2016
Trustworthy
Finally got the ulip insurance plan which i wanted from very long time. The premium is low and the claims are high which easily sanctioned due to fast service facilitate by the company members. The policy coverage is fantastic. Good insurance which has web service too which renew the policy easily.
David
Chittaurgarh, June 25, 2016
Future Secure Plan
My ulip insurance plan is damn good because of the premium is low and the policy coverage is high. Service is superb and fast and because of this the claiming become easy. Updates are send to me. Really good advice of your executive to invest my money in this plan.
Gautam
Siliguri, June 24, 2016
Awesome Plan
The ulip insurance plan of mine is fabulous. It has high policy coverage and low premiums. Service facilitate by the executives of the company is fast that's why the claiming become easy. The any up gradations in the policy is mailed or texted to me regularly.
Harish
Mussorie, June 24, 2016
Satisfactory Plan
I have ulip insurance plan which is not that good as i expected. The service is bit slow and the premium is high. Policy coverage is 70% and claims are less. The website of yours is not easy to operate and it collapse some times. Please improve the insurance policy.
Jiten
Lonavla, June 23, 2016
Perfect Policy
Policy which i have is very simple one but the returns are really very good. The premium is low but the policy coverage is high. Service is fast and claims are easy to clear. The web service is good and very simple to access which can be operate by anyone.
Karan
Jorhat, June 23, 2016
Good Service
I purchase ulip insurance plan from exide life insurance. The policy has many benefits like low premiums, Policy coverage is high, Claims are easily cleared from the company side because of fast service of the department. Good web services which are simple to use.
Lokesh
Chhatrapur, June 22, 2016
Above Average Plan
The policy i have is very nice with some nice terms and conditions which are flexible too. The service provided by the staff member of the company is awesome and policy cover around ninety percent cases. Updates regarding policy mailed to my email address regularly.
Manish
Amritsar, June 22, 2016
Okay Insurance Policy
My ulip insurance policy has maximum benefits which provided in low premiums. The service is perfect which is on time too. The customer care service is working 24X7. Policy coverage is high and claims are easily cleared due to quick service by company members.
Nadeem
Fatehgarh, June 22, 2016
Super Policy
Fantastic ulip insurance plan i have taken from exide life insurance. The service you facilitate, it was fantastic guys. You provided good policy coverage and claiming become easy due your executives fast and responsive service. Good insurance which has easy online web portal with simple interface.
Bhupesh
Bhiwadi, June 21, 2016
Nice Insurance
Exide ulip insurance plan i purchase in very low premiums. The policy coverage is ~85% and the claims are high. Service is fantastic provided by the company members. Updates are also mailed to me regularly regarding the insurance policy.
Vikram
Dwarakanagar, June 21, 2016
Fine Policy
The policy covers most of the cases and scenarios. Policy coverage is approx. 89% and claims are high. Good exide ulip insurance plan which has low premiums too. Service is good and claims are sanctioned easily.
Chandan
Alwar, June 21, 2016
Good
I have ulip insurance plan which has good paybacks. Service is fast and on time. The policy coverage is good and claims are high. Claiming is easy due to quick service provided by the executives. Internet service is also nice with easy interface.
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL