Exide Life Insurance Company Limited is one of the well thought-of insurance providers in South India. The Company was established in September in the year 2001. Exide Life Insurance Company serves more than 15 lakh customers in more than 200 cities all over India. The company is owned by Exide Industries Ltd. and has its headquarters in Bengaluru. During FY 2015-16, the Exide Life Insurance Company gained a total of Rs. 2, 047 crores in Premium Income. The Company is managing assets worth Rs. 9,530 crores.

Why to Buy Exide Life Insurance?

Exide Life Insurance Company Limited offers long-term savings and protection plans as well as group life insurance plans. The extensive range of products is distributed through multi-channels like Agency, Bancassurance and Corporate Agency & Broking.

Check out some of the cool facts below with regards to the achievements and operation of Exide Life Insurance Company:

• 50,000+ agents of the Exide Life Insurance Company serve customers through their 200+ offices all over India.
• Since Exide Life Insurance Company Limited is an ISO 9001:2008 certified company, customers can be certain of receiving quality products.
• For its Pension Pass Book Program, the company won a Bronze award at the DMA Asia ECHO Awards.
• In the year 2016, for achieving the highest productivity among its agents, Exide Life Insurance Company was awarded the Indian Insurance Award.
• It was ranked as one of the Top 10 Most Trusted Life Insurance brands in India.
• For its Money Book Program in 2016, Exide Life Insurance Company won the Top Innovation Award at the FINNOVITI awards.
• Exide Life Smart Term Plan has been voted as the Product of the Year (POY) 2019.
• Exide Life Insurance won the title of the Digital Insurer of the Year 2018 (India) at the Insurance Asia News Awards.
• For FY 2018-19, the Claims Settlement Ratio of Exide Life Insurance Company Limited is 97.03%.

Different Types of Life Insurance Plans from Exide Life Insurance Company Limited

The Exide Life Insurance Company certainly has a number of effective plans on offer for their customers all over India. The company offers superior products for savings and protection, life cover, retirement, child protection and investment. Check out different types of life insurance plans on offer from Exide Life:

Exide Life Term Insurance or Protection Plans

The term insurance plans on offer from the Exide Life Insurance Company are available with flexible premium paying alternatives. The term life insurance plans which Exide Life Insurance offer come with different variations, provide you with options for comprehensive protection. In addition to that, you will also receive return of premiums upon policy maturity.

Exide Life Smart Term Plan

All you have to do is pay a small amount of annual premium. In return, you will be able to protect the financial future of you as well as your family with the Exide Life Smart Term Plan.

Also note that you can get superior protection through Exide Life critical illness and accident riders. Under the Exide Life Smart Term Plan, you can avail income tax benefits for premiums paid under Section 80C of the Income Tax Act, 1961.

• Under this option of the Exide Life Smart Term Plan, you will get an amount equivalent to 100% of paid annual premiums upon the completion of the policy tenure.
• The policy tenure of this plan is 10 to 30 years. It depends on the Single Pay, 5 Pay or Regular Pay.
• Premium payment frequency of the policy is annual, half-yearly, and monthly.
• Minimum Sum Assured of this policy ranges from Rs. 5 to 10 lakhs depending on Single Pay, 5 Pay or Regular Pay option.

Exide Life Smart Term Plus Plan

The Smart Term Plus plan from Exide Life is basically a term insurance plan. This policy has been designed to provide you with comprehensive life insurance cover for full policy term. In addition to that, Exide Life Smart Term Plus Plan and also returns 100% of the total premiums paid on the completion of the policy tenure.

• The policy offers life insurance cover for the complete policy term.
• On completion of policy term, the Exide Life Smart Term Plus Plan offers guaranteed return of premiums.
• You will have to pay premiums for a limited duration.
• Comes with the option of Family Income Payout for 5 or 10 years.
• You can enhance the protection through available Riders.

Exide Life Term with Return of Premium Plan

Exide Life Term with Return of Premium Plan has been specifically designed to provide you with life cover at affordable premiums. The policy also returns the premiums paid at the end of policy tenure. Exide Life Term with Return of Premium Plan is the ideal pick for you if you are looking for a life insurance cover for the protection of your family and also want return of premiums paid on policy maturity.

• Exide Life Term with Return of Premium Plan offers life insurance cover without medical tests.
• On completion of policy term, the policy provides return of premium.
• The policy comes with flexible premium payment options.

Exide Life Elite Term Insurance Plan

You make every effort, work harder and aspire to safeguard your family from ill-fated scenarios in life. Keeping all these factors in mind, Exide Life has come with a plan which has been designed to help you build a strong financial base to shield your family’s future even if you are not around.

Exide Life Elite Term Insurance Plan is basically an exclusive Term Insurance Plan. This policy not only offers large Sum Assured at a affordable premium, but also rewards you for leading a healthy life throughout the policy tenure

Exide Life Elite Term Insurance Plan is a must for all bread winners to ensure that their family’s financial future always remains safeguarded. Check out some of the unique features of this plan below:

• Exide Life Elite Term Insurance comes with extensive life cover at affordable premiums
• The policy offers increased Sum Assured on maintaining healthy lifestyle at no extra cost
• Provides you with the alternative for Family Income Benefit of 5 or 10 years
• Comes with the option for term extension by 5 or 10 years

Exide Life Child Plans

Every parent wants to see their child do better than them. As a parent it is your duty to ensure that the future of your child financially secured against any sort unforeseen circumstances and obstacles, even in your absence.

Exide Life Wealth Maxima - Maxima Child

Exide Life Wealth Maxima – Maxima Child is basically a Unit Linked Insurance Plan. This policy has been designed to help you make the most of your wealth while securing the future and dream of your child. Exide Life Wealth Maxima – Maxima Child is the most suitable for every parent who are looking for a well-organized wealth creation alternative and wants to make sure that they have a high financial protection for their child.

• Along with life cover, Exide Life Wealth Maxima – Maxima Child comes with Premium Funding benefit
• This policy offers 3 investment strategies to match your risk appetite
• Offers systematic investment option so that you may get benefit from equity markets

Exide Life Mera Aashirvad

Mera Aashirvad scheme from Exide Life Insurance Comoany is basically a child insurance plan. This policy has been designed to guarantee you the money you need in order to fulfill your child’s dreams. With Exide Life Mera Aashirvad, your child is sure to get the required financial backing to fulfill his/her dreams, even in your absence.

Exide Life Mera Aashirvad is the most suitable child plan for you if you wish to guarantee your child financial help to for fulfilling his/her dreams. You can invest in Mera Aashirvad plan if you are in age band of 21 – 50 years and you have a child with age up to 15 years.

• Exide Life Mera Aashirvad offers Guaranteed Life Cover
• The policy comes with Waiver of Premium benefit
• This plan offers guaranteed Tax Free Maturity Benefit
• Comes with the flexibility to receive Periodic Payouts

Exide Life New Creating Life Insurance Plans

With New Creating Life Insurance Plans, Exide Life Insurance Company brings you a new class of child insurance plans. These plans have been designed to provide with financial protection for your children’s goals, even in your absence.

This child insurance plan from Exide Life is the most suited for those who are willing to build savings securely for their child’s career and want to ensure planned financial protection for their loved ones in the event of an unfortunate contingency.

• This policy offers tax free returns
• Comes with death benefit along with family income payout
• Offers waiver of premium benefit
• Can be availed with limited pay option

Under the bouquet of Exide Life New Creating Life Insurance Plans, you can choose from 2 plans:

1. Exide Life New Creating Life Plus

   Exide Life New Creating Life Plus is basically a child plan in which by paying for just few years, you can make sure that your child gets the Sum Assured with 10% guaranteed addition along with accumulated bonuses (if any), on policy maturity. In the event of any ill-fated circumstance, all future premiums are waived off under this plan. In addition to that, your family can receive Death Benefit not only in lump sum but also as income for family for 60 months (5 years).

2. Exide Life New Creating Life Regular Pay

   Exide Life New Creating Life Regular Pay is a child plan in which you pay regularly over the full policy tenure. In return, the policy makes sure that your child gets the Sum Assured along with accumulated bonuses (if any). In the event of any ill-fated event, all future premiums are waived off under this plan. In addition, your family can also receive Death Benefit not only in lump sum but also as income for family for 60 months (5 years).

Exide Life Savings and Investment Plans

With the savings and investment plans from Exide Life Insurance Company, make sure that your family’s short-term as well as long-term financial requirements are met with without any setback. With most of the Exide Life Saving and Investment Plans, you are sure to get tax benefits on premiums paid.

Exide Life New Fulfilling Life

It’s quite obvious to have various needs and responsibilities like fulfilling your family’s short term as well as long term aspirations being a dutiful family person. On the other hand, making sure that your family and loved ones stay protected even when you are not around is vital.

Exide Life New Fulfilling Life is basically a comprehensive policy that will help you accomplish all your responsibilities with regular money back for your in-between needs, life cover for a long period and tax free wealth.

With New Fulfilling Life plan from Exide Life is the most suitable for people who are looking for long term financial protection via guaranteed money backs.

• Exide Life New Fulfilling Life provides with a Life Cover till age 85
• Comes with income tax benefits
• The policy offers periodic survival benefits

Exide Life Wealth Maxima

With every growing stage of life increases your goals and responsibilities too. This is why it is imperative to invest to not only make the most of your wealth but also to ensure a strong financial base to grasp your goals.

Exide Life Wealth Maxima has been designed for this purpose. This is basically a Unit Linked Insurance Plan which not only helps you to make the most out of your wealth but also makes the best efforts to offer higher life cover at every new step of life.

Exide Life Wealth Maxima plan is the most suitable for investors who are on the lookout for efficient wealth creation options and want to make sure that they get higher financial protection for their family as their responsibilities grow.

• Exide Life Wealth Maxima comes with 3 plan options to match your life stage needs
• Offers comprehensive life cover
• Comes with 3 investment strategies to match your risk appetite
• Exide Life Wealth Maxima provides with systematic investment option so that you get the benefit from equity markets

Exide Life Income Advantage Plan

Exide Life Income Advantage Plan is fundamentally a unique savings cum protection Life Insurance plan. This policy has been designed to work to your advantage. Exide Life Income Advantage Plan provides with a regular income.

This plan not only helps you accomplish your family’s increasing needs but also makes sure that they take pleasure in a happy life at all times. Exide Life Income Advantage Plan is the most suitable if you are on the lookout for a second income. This policy is also an ideal answer if you are planning for your retirement years.

• Exide Life Income Advantage Plan offers life cover for full policy tenure
• Offers guaranteed income
• Under this plan, pay during first half and get income during second half of policy tenure
• Comes with flexible options to avail income payouts

Exide Life Star Saver Plan

Exide Life Star Saver plan is basically a limited payment savings life insurance plan. The policy has been specifically designed to provide you with guaranteed tax free maturity benefit as well as comprehensive protection over the whole policy tenure.

Exide Life Star Saver plan is the most suitable if you are on the lookout for guaranteed tax free benefits as well as an all-inclusive life insurance cover.

• Exide Life Star Saver plan comes with guaranteed maturity benefit
• Under this plan, you will have to pay only for 5 years and avail death benefit over the complete policy term
• In the event of an accident, this policy offers additional death benefit
• The policy offers tax savings as per prevailing tax laws

Exide Life Guaranteed Income Insurance Plan

To help you boost your life style, Exide Life Guaranteed Income Insurance Plan has been designed to provide you with a guaranteed regular income. Under this plan, you will have to pay premium for few years and thereafter, you will be receiving guaranteed benefits like regular income at a striking rate of 11% - 13% per annum, death benefit all through the policy tenure and lump sum amount on maturity.

Exide Life Guaranteed Income Insurance Plan is the most suitable for anyone who is looking for guaranteed regular income during the policy term as well as other benefits like tax savings, life cover, and lump sum amount on maturity.

• Under this plan, you will have to pay for first half and avail tax free income during second half of policy
• Exide Life Guaranteed Income Insurance Plan provides you with continued life cover during the income payout period
• Enjoy guaranteed tax free maturity benefit with this plan

Exide Life Secured Income Insurance Plans

Exide Life Secured Income Insurance Plans have been meticulously designed to provide you and your family with protection in the form of long term benefits, at the same time as assuring your family a regular income in case anything ill-timed were to happen

• These plans offer death benefit along with family income payout option
• Help you to build corpus for your future
• Comes with limited pay option

Under Exide Life Secured Income Insurance, you can choose from 2 plans:

1. Exide Life Secured Income Insurance Plus

   Exide Life Secured Income Insurance Plus is limited pay plan. This policy provides with life cover not only in lump sum but also as income for family for 60 months (5 years). Under this plan, on maturity you will get Sum Assured with 10% guaranteed addition along with accumulated bonuses (if any).

   Exide Life Secured Income Insurance Plus is the most suitable for those who are willing to build savings securely and want to make sure a financially planned future to help their loved ones in the event of an ill-fated event.

2. Exide Life Secured Income Insurance RP

   Exide Life Secured Income Insurance RP is basically a regular pay plan. This plan, too, has been designed to provide with Death Benefit not only in lump sum but also as income for family for 60 months (5 years). On maturity, Exide Life Secured Income Insurance RP offers Sum Assured with accumulated bonuses (if any).

   Exide Life Secured Income Insurance RP plan is the most suited for those who are willing to save money regularly and do not want to take much risk with their investments.

Exide Life Wealth Elite Plan

You certainly work really hard to climb the ladder of success and arrive at different milestones of life. Similarly, it is also important for you to organize your hard earned money in a systematic way that it works harder than you do. In addition to that, all your savings must make sure that you keep living the elite life you have worked so hard for.

Keeping all these factors in mind, Exide Life Insurance Company Limited has come with Wealth Elite Plan. The Exide Life Wealth Elite Plan is basically a unit linked insurance plan. The plan comes with:

• Choice of 8 fund options
• Comprehensive Death benefit

The Exide Life Wealth Elite Plan is the most suitable for you, if you are aspiring to make your money work even harder.

Exide Life Saral Bachat Plan

The Saral Bachat plan from Exide Life Insurance Company is basically a non-participating, non-linked life cum Savings insurance. The Exide Life Saral Bachat Plan has been designed to provide you with life insurance cover throughout the policy tenure along with Guaranteed Sum Assured on Maturity to help meet up your necessities.

This policy comes with an option to take the Maturity Benefit either as a Lump Sum or as a regular income (Monthly/ Annual). The policy offers the following features:

• Life insurance cover throughout the complete policy tenure
• Option to take maturity benefit in Lump Sum or as regular income
• Offers Guaranteed Returns

The Exide Life Saral Bachat Plan is the most suitable for you if you are looking for guaranteed returns on your regular savings in order to accomplish your long term goals and if you want to begin with a lesser premium.

Exide Life Sampoorna Jeevan

At every stage of your life, you always aspire ensure a good life for your family. Be it is securing their financial future, planning for family holidays, saving for children's education or leaving a legacy behind, you always work hard to provide the best to your family.

Keeping all these in mind, Sampoorna Jeevan Plan from Exide Life Insurance Company has been designed. Exide Life Sampoorna Jeevan is basically a unique Life Insurance as well as savings plan. This policy not only offers life insurance cover till age 75 or 100 years but also provides you with the power to modify the payouts to match your varying life stage financial requirements. Throughout your life, the Exide Life Sampoorna Jeevan plan stays with you.

Check out what special benefits Exide Life Sampoorna Jeevan plan have:

• The policy offers Life Cover up to age 75 or 100 years
• Comes with limited premium payment options
• You can avail lump sum payouts or guaranteed regular income or both
• Under this plan, may opt from 5 bonus options

The Exide Life Sampoorna Jeevan is the best match for you if you want to buy a life insurance plan that helps you accomplish numerous financial requirements, such as creating a second income, getting a life insurance cover, receiving post-retirement income, saving for child's education, etc.

Exide Life Retirement and Pension Plans

The retirement and pension plans from Exide Life Insurance Company have been designed to help you plan in advanced for your retirement.

Exide Life Golden Years Retirement Plan

Upon policy maturity, Golden Years Retirement Plan from Exide Life gives you a tax-free amount equivalent to the fund value. Under this plan, after completing 5th policy year, you may also make partial withdrawals.

• Vesting Term: 10 to 42 years/ 10 years/ 15 to 42 years
• Minimum Single Premium: Rs.2, 40,000/-
• Premium Paying Term (PPT): Single Pay/ Limited Pay (5 to 9 years)/ Limited Pay (10-41 Years) and Regular Pay
• Premium Payment Mode: Annual and Monthly
• Annuity Options: Guaranteed for life
• All premiums including top-up premiums paid under this plan are guaranteed to increase at minimum 1% compounded rate per annum
• During the first 5 policy years, Minimum Interest Guarantee of 5% per annum compounding is applicable on Individual Pension Account (IPA)
• The policy offers the flexibility to change the premium payment tenure
• Offers Loyalty Benefit
• With Exide Life Golden Years Retirement Plan, saving as small as Rs. 2,000/- per month goes a long way in terms of building a contented retirement fund.

Buy Exide Life Insurance Plans for a Comprehensive Protection

With a staggering Claims Settlement Ratio of 97.03% for the FY 2018-19, Exide Life Insurance Company is, without any debate, is one of the top players in the league of different life insurers in India. The company has some of the best yet effective and affordable life insurance plans catering to your individual needs. So choose the Exide Life insurance plan as per your very own requirement and protect yourself as well as your family, financially, without any worries. Don’t forget to compare life insurance plans on offer from different companies to grab the best deal at your budget.