What are Exide Life Insurance Plans?
Exide Life Insurance is known for its wide range of insurance products, including savings plans, retirement plans, and ULIPs. These plans are designed to provide financial security, savings, and investment opportunities to policyholders. While Exide Life does not offer a traditional SIP plan, their ULIPs and savings plans can serve similar purposes by allowing systematic investments and providing life insurance coverage.
Exide SIP Plans
Exide Life doesn’t offer a traditional mutual-fund SIP, but they do provide several insurance-investment products that allow systematic investments similar to a SIP including ULIPs. Here's a list:
| SIP Plans |
3 Year Returns |
5 Year Returns |
| Exide Life Pension Liquid Fund |
3.95% |
4.77% |
| Exide Life Midcap Fund |
19.27% |
9.76% |
| Exide Life Debt Fund |
5.35% |
6.36% |
| Exide Life Equity Fund |
15.55% |
10.19% |
| Exide Life Active Asset Allocation Fund |
12.53% |
9.20% |
How Exide Life Plans Can Serve as Alternatives to SIPs?
While traditional SIPs are associated with mutual funds, Exide Life's insurance plans offer a structured approach to savings and investments. Here’s how they can serve as alternatives:
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Systematic Savings: Plans like Exide Life Secured Income Insurance Plus and Exide Life Smart Income Plan encourage disciplined savings through regular premium payments.
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Investment Opportunities: ULIPs, such as Exide Life Prospering Life Plus, allow policyholders to invest in various funds, providing exposure to equity and debt markets.
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Life Insurance Coverage: All plans offer life insurance coverage, ensuring financial protection for dependents in case of unforeseen events.
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Flexibility: Many plans offer flexible premium payment terms and policy durations, allowing policyholders to adjust their investments based on changing financial goals.
SIP Calculator
Monthly Investment
₹22.4 L
Top Funds with High Returns (Past 7 Years)
18.6%
High Growth Fund
18.2%
Top 200 Fund
14.03%
Accelerator Mid-Cap Fund II
13.72%
Opportunities Fund
12.09%
Opportunities Fund
14.83%
Multiplier
14.24%
Virtue II
10.22%
Growth Plus Fund
12.93%
Accelerator Fund
10.44%
Pension Dynamic Equity Fund
13.4%
Frontline Equity Fund
11.57%
Equity Pension
10.83%
Equity Top 250 Fund
13.82%
Growth Opportunities Plus Fund
12.68%
Future Apex Fund
9.73%
Blue-Chip Equity Fund
Choosing the Right Plan
When selecting an Exide Life plan, consider the following factors:
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Financial Goals: Determine whether you are looking for long-term savings, regular income, or investment growth.
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Risk Appetite: Decide if you prefer low-risk options like traditional insurance plans or higher-risk investments through ULIPs.
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Flexibility: Consider plans with flexible premium payment terms and policy durations to adapt to changing financial situations.
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Additional Benefits: Look for plans offering bonuses, tax benefits, or riders to enhance your coverage.
Conclusion
Exide Life Insurance offers a diverse portfolio of plans that cater to different financial needs, from savings and investments to life insurance coverage. While they do not have a specific "SIP Plan," their ULIPs and savings-oriented policies provide systematic investment opportunities and financial security. By choosing the right plan, individuals can achieve their long-term financial goals while ensuring protection for their loved ones.
