Exide Life Term Insurance Plan Details 2023
Friends, today we are going to give you complete details about Exide Life Term Insurance Plan. Knowing its Features, Benefits, Eligibility, and Required Documents for Exide Life Term Insurance Plan.
What is Exide Life Term Insurance Plan?
Exide Life is one of the insurance companies providing insurance products in India. It has been offering insurance products in the insurance sector in India since 2001. Exide life insurance plans are offered as per the requirement of the people. Exide Life is known for its quality customer service and its trust in customers.
In exide life term insurance plan, you get all the facilities available in the term insurance plan. In this term insurance plan, if the insured dies accidentally during the policy term, then in this case the sum assured is provided to the nominee by the insurance company in the form of insurance benefit. Through this, the family members of the insured can meet their financial needs without any interruption.
Exide Life Term Insurance Plan Features
The features of Exide Life Term Insurance Plan features in Hindi are as follows:
It offers you maximum term plan coverage at a minimum premium.
In this, you get various premium payment options, under which you can choose to pay your premium monthly, quarterly, half-yearly and annually.
In this, you also get the option of return of premium.
In this, you can increase your coverage by adding a rider.
In this, you also get tax benefits.
There is a free-look period of 15 to 30 days.
Exide Life Term Insurance Plan Benefits
The benefits of Exide Life Term Insurance Plan benefit in Hindi are as follows:
1. High Insurance Coverage
The most salient advantage of an Exide Life Term Insurance plan is that it offers you maximum term plan coverage at a minimum premium. In this, you have to pay a much lower premium than other term insurance plans.
2. Premium Payment Options
In the Exide Life Term Insurance Plan, you get many premium payment options. In this, you get the option of premium payment monthly, quarterly, half-yearly and annually for your premium payment. You can choose any premium payment option according to your ability.
3. Return Of Premium
Generally, in a term insurance plan, you are not provided with any kind of maturity benefit. But the Exide Life Term Insurance plan also offers you the option of refund of premium. In this, all the premiums paid by you after the end of the policy term are refunded.
4. Riders
You can increase your term plan coverage by adding riders to the Exide Life Term Insurance Plan. In this, you get the option to add riders like Critical Illness Rider, Terminal Illness Rider.
5. Tax Benefits
You also get the benefit of tax benefits in exide life term insurance plan. In this, you can get tax benefits under Section 80C of the Income Tax Act, 1961 on the premium paid. Whereas on the death benefit received, you are eligible for benefits under Section 10(10D) of the Income Tax Act, 1961.
Exide Life Smart Term Pro
In this, you are provided the benefit of life insurance coverage for the entire policy term.
In this, all the premiums paid by you at the end of the policy term are refunded.
In this, you get the option of 5, 8, 10 or 12 years for premium payment.
In this, you get the option to add a rider.
You get 5 or 10 years option as family income pay out.
Exide Life Smart Term Edge
In this, you get 3 plan options. Such as Classic, Step-up and Comprehensive.
In this, you get the option of premium refund. After the expiry of the policy term, 150% of the premium paid by you is refunded to you.
In this, you get the option to increase your term insurance coverage through the rider.
3. Exide Life Term with Return of Premium | Exide Life Term with Return of Premium in Hindi
You do not need to undergo any kind of medical test to get this term insurance plan.
In this, you get the option to refund the premium you paid at the end of the policy.
In this, you get many options as premium payment options.
4. Exide Life Simple Life Insurance
In this, you get a policy term ranging from 5 years to 40 years.
In case of death, the minimum sum assured is ₹ 5 lakh and the maximum sum insured is Rs. 25 lakhs.
In this, you get options like Single Pay, Limited Pay, Regular Pay for premium payment.
In this, you can choose to pay your premium monthly, half-yearly or annually.
5. Exide Life Term Rider
It is not an insurance plan but an add-on product.
Through this, you can double your life cover.
The premium for this is quite minimal through which you can increase your life cover according to your need.
