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  • Exide Life Insurance New Fulfilling Life Plan

     4.0 / 5.0   by 103 users
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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

     Fulfilling the needs of our loved ones is the foremost priority for most of us, pushing us to work hard and provide for them. The New Fulfilling Life Plan offered by Exide Life aims to secure the financial future of an individual, ensuring that policyholders are protected against any unforeseen event, helping them cater to the dreams of their family members.


    Eligibility Criteria for Exide Life New Fulfilling Life

    Minimum entry age 15 years
    Maximum entry age The maximum entry age depends on the premium payment term, with it being:
    • 50 years for terms ranging between 12 and 20 years
    • 46 years if the term is 24 years
    Minimum premium
    • Rs 2,000 per month for 12 year term
    • Rs 1,000 per month for other terms
    Age at maturity 85 years

    Key Features of Exide Life New Fulfilling Life

    Plan type Non-linked participating life insurance scheme
    Plan basis Individual
    Premium paying terms
    • 12 years
    • 16 years
    • 20 years
    • 24 years
    Policy term 85 years minus entry age For example, if the entry age is 40 years, then the policy term is (85-40), = 45 years
    Maturity benefits A maturity benefit equivalent to the combination of sum assured, vested bonus (if applicable) and terminal bonus (if applicable) will be paid
    Premium payment frequency Monthly or yearly
    Loan Policyholders can avail a loan under the plan
    Grace period
    • 30 days for annual payment frequency
    • 15 days for monthly premium frequency
    Free look period
    • 30 days if policy is purchased through distance marketing
    • 15 days if it is purchased in person
    Revival Lapsed policies can be revived within 2 years of first unpaid premium. Individuals should clear all dues and pay penalties as applicable for this
    Alterations No alterations permitted
    Nominations Nomination facility provided as per provisions of the Insurance Act
    Sum assured The minimum sum assured for different premium payment terms is given below
    • Rs 1,15,942 for 12 PPT
    • Rs 75,642 for 16 PPT
    • Rs 96,339 for 20 PPT
    • Rs 1,48,331 for 24 PPT
    Policy coverage Survival benefit, maturity benefit and death benefit

    Benefits of Exide Life New Fulfilling Life

    Some of the key benefits of investing in Exide Life New Fulfilling Life Plan are mentioned below.

    • Maturity benefit – A policyholder is entitled to a maturity benefit equivalent to the total of sum assured, vested and terminal bonus (as applicable) on maturity.
    • Survival benefit – Policyholders are entitled to a survival benefit at regular frequencies, depending on the premium payment term opted by them.
    • Death benefit – In the event of unfortunate demise of a policyholder while the policy is in force, his/her nominee will receive the death benefit equivalent to the total of the assured death benefit, vested and terminal bonuses (as applicable).
    • Tax benefits – Policyholders are entitled to tax benefits on the premiums paid and the amount received on maturity/survival under Sections 80C and 10(10D) of the Income Tax Act respectively.
    • Discounts – Members who opt for higher premiums are provided special discounts.
    • Loans – Policyholders are eligible to apply for a loan under certain circumstances.
    • Flexible – Members can choose a premium payment term which suits their needs, with an option to pay either yearly or monthly premiums.
    • Assured death benefit – An assured death benefit equivalent to either the higher of 10 times the annualised premium or the sum assured is provided.

    Working of Exide Life New Fulfilling Life

    The Exide Life New Fulfilling Life scheme is a simple to understand plan with quick implementation. Let us take the example of Mr. Joshi to understand how it works. Mr. Joshi is a 35 year old banker who aims to secure the future of his family by investing in this plan. He opts for a 12 year policy term, choosing to pay an annual premium of Rs 1 lakh. His total investment in this scheme at the end of 12 years stands at Rs 12 lakhs.

    Under the scheme, he is entitled to a portion of the sum assured (Survival benefit) at the end of every 3 years, thereby earning around Rs 1.5 lakh every three years, for the period of 12 years. In the event of his unfortunate demise before he reaches the age of 85 years, his nominee will receive the death benefit.

    In the case of Mr. Joshi living a long, fruitful life, he will receive the maturity benefit when he reaches 85 years of age. This benefit will be equal to the sum assured plus any bonuses accumulated during this period.

    Premium Payment for Exide Life New Fulfilling Life

    Individuals who are enrolled in this scheme can pay their premiums either every month or annually, for the term chosen by them.

    Frequency Minimum amount per instalment Maximum amount per instalment
    Monthly
    • Rs 1,000 for PPT of 16 years, 20 years and 24 years
    • RS 2,000 for PPT of 12 years
    No upper limit
    Annually
    • Rs 12,000 for PPT of 16 years, 20 years and 24 years
    • Rs 24,000 for PPT of 12 years
    No upper limit

    Riders

    There is no provision for additional riders under this plan.

    This Insurance Company has not partnered with BankBazaar.com. For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    Exide Life Insurance New Fulfilling Life Plan Reviews

  • Page 1 of 6 1 2 3 4 5
    • Exide Life Insurance
      "Low benefit policy"
      0.5 1.0/5 "Really Bad"
      One of my dad's friend have referred this Exide Life policy. There was no much benefits , I am making the premium around Rs. 25,173 per annum it has tenure of 16 years, Every four years I would receive the bonus interest of Rs. 56,750 after the tenure period I will receive only Rs. 1 lakh. There is no gain, I asked the benefit about the concern person, they said after 70 years I will get some benefit interm of pension.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 14, 2017
    • Exide Life Insurance
      "Its average"
      0.5 4.0/5 "Great!"
      I am paying Rs. 2 lakh per annum it has the tenure around 15 to 20 years. I am not sure what is the policy coverage. My friend have recommended this policy, hence I took it. Hope after maturity period, I would be receiving the sum assured value, I received the bond of EXIDE earlier it was ING VYSA.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 31, 2017
    • Exide Life Insurance
      "Good "
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the Exide life insurance company and their services are not really bad. Customer service is also good one and I had been with them from the last sixteen years of time and the coverage amount is for 25 lakh Rupees.
      Was this review helpful? 0
      , nellore
      Reviewed on Aug 31, 2017
    • Exide Life Insurance
      "Fabulous mobile application"
      0.5 5.0/5 "Blown Away!"
      Exide life insurance is a excellent company. The customer services are great and the team always provides the maturity benefits on time. I have taken a endowment plan and the highlight about the plan is even after maturity the plan stays active and there is no age limit to receive the benefits. The mobile application is the best.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 14, 2017
    • Exide Life Insurance
      "Good Investment"
      0.5 4.0/5 "Great!"
      I have life insurance with EXIDE, every yearly I used make Rs.13,000 as premium it for the period of five years, After maturity I would be Rs. 2 to 3 lakhs + interest, it has tax benefit policy. I am able to track my Exide life insurance by their website.
      Was this review helpful? 0
      , cuttack
      Reviewed on Jun 16, 2017
    • Exide Life Insurance
      "Top notch services"
      0.5 5.0/5 "Blown Away!"
      The claim ratio is excellent at Exide life insurance. This company is currently the top most leading company in profit. I have taken a life insurance and the tenure is for 20 years. The premium is for 20K on a yearly basis. The customer services are also good.
      Was this review helpful? 1
      , erode
      Reviewed on Jun 01, 2017
    • Exide Life Insurance
      "Good"
      0.5 3.0/5 "Satisfactory"
      I do have life insurance policy with the Exide life insurance company and the coverage value is around 3000000 Rupees and the premium is around 900 Rupees per annum, which is provided by my organization. I am satisfied with the coverage.
      Was this review helpful? 1
      , pune
      Reviewed on May 24, 2017
    • Exide Life Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am having good experience with the Exide life insurance company and the premium is around 15000 Rupees per annum for my life insurance policy. They are processing the customer request very immediately and am with them from the last six years of time. Total tenure is around fifteen years of time and the returns are fairly good.
      Was this review helpful? 0
      , mangalore
      Reviewed on May 03, 2017
    • Exide Life Insurance
      "Good"
      0.5 3.0/5 "Satisfactory"
      I do have other life insurance policy with the Exide life insurance company and I took it only for the tax benefits and the premium is around 24000 Rupees per annum and I can get 55% of premium as tax benefits. Coverage value is good with the Exide life insurance company.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 03, 2017
    • Exide Life Insurance
      "Good "
      0.5 4.0/5 "Great!"
      I have got the life insurance policy with the Exide life insurance company and the benefits are not much good because their bonus rates are not much good. I am paying around 65000 Rupees per annum. Customer service also depends up on the individual person at the branches. As a customer , I would like to say that they need to improve on their customer service, also they need to increase the tenured employees to the maximum number.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 13, 2017
    • Exide Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I do have Exide life insurance policy and the premium cost is around 23000 Rupees as change and the response is only up to satisfactory end because I want to change the plan but they have not allowed it. Customer service is good one with the Exide life insurance company and I would like to suggest that they can be more flexible with the customer.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Mar 21, 2017
    • Exide Life Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken my life insurance from Exide life insurance. They are good in their services I pay a premium of Rs.11,0038/- per year. The tenure is for 60 years. The premiums are on a yearly basis . I would get 50 lakhs as coverage after that age. In case anything goes wrong with me before the age of 60. My mother would get the full amount,And we do have options for changing nominee. Depends how you want to whether its 50% or 75% or Its 100%. It is good overall.
      Was this review helpful? 1
      , bangalore
      Reviewed on Feb 19, 2017
    • Exide Life Insurance
      "Very attractive"
      0.5 4.0/5 "Great!"
      EXIDE life insurance is very good. I can see and I can monitor all the benefits then and there itself. This was actually offered by the sales executives therefore I had opted for it. I am supposed to pay a premium of around 3 k per month for this insurance. I dont have much idea about this policy as I am a layman when it comes to this insurance.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 08, 2016
    • Exide Life Insurance
      "Poor service"
      0.5 2.0/5 "Expected more"
      EXIDE life insurance policy works, based on the amount we invest. I have taken a short term plan for a period of 3 years. It was closed before 1.5 years. But they took around 17 days of time to close this policy and I had asked them to contact me after 3 to 4 months and this policy is very much beneficial to me.
      Was this review helpful? 1
      , erode
      Reviewed on Sep 08, 2016
    • Exide Life Insurance
      "Best plans"
      0.5 4.5/5 "Excellent!"
      Its good support offered from Exide life Insurance.They dont apply any additional charges for the customer in case of process.They are very prompt in responding customer on the Insurance taken.They also provide bonus in the Insurance taken.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 06, 2016
    • Exide Life Insurance
      "Nominal returns"
      0.5 4.0/5 "Great!"
      I have life insurance policy with Exide life insurance company and it has been referred by one of my relative. I am paying around thirty thousand Rupees per annum and I need to to pay it for five years of time. Returns are nominal with them according to the premium.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 30, 2016
    • Exide Life Insurance
      "Great policies!"
      0.5 4.0/5 "Great!"
      All the policies of Exide life are loaded with more benefits. The benefits depends upon the premium amount paid by the policy holder. As I work with Exide life, I am having a clear idea about all their norms and benefits. I myself signed up for a policy with them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 09, 2016
    • Exide Life Insurance
      "Better"
      0.5 3.0/5 "Satisfactory"
      I have life insurance policy with the Exide life insurance company and am paying around 54000 Rupees per annum. Total insured value is round 10 lakh Rupees and the customer service is good, also I am usually paying premium and am not bothering much more. Total tenure is around fifteen years of time and the tax facilities are applicable over here.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 21, 2016
    • Exide Life Insurance
      "Excellent policy"
      0.5 5.0/5 "Blown Away!"
      I have taken a term cover insurance with Exide Life insurance. The services are good. Alerts are sent to the customers for the payments. I pay a premium of Rs.9500 per year. I can pay my premium online. The policy is till my age of 65. I would get 50 lakhs as coverage after that age. In case anything goes wrong with me before the age of 65. My family would get that amount.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 13, 2016
    • Exide Life Insurance
      "Need better pension plan "
      0.5 4.0/5 "Great!"
      I have pension plan with exide life insurance. They have two options after like after the maturity we can withdraw the money or take on the monthly basic. The tenure period is for 15 year. Benefits of accidental and natural death is been covered.
      Was this review helpful? 1
      , pune
      Reviewed on Apr 26, 2016
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