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  • Exide Life Insurance New Fulfilling Life Plan

     4.0 / 5.0   by 127 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 7 1 2 3 4 5
    • Exide Life Insurance
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The customer service is very good with the EXIDE LIFE INSURANCE where i have purchased the life insurance policy. I have been using it from past two years and it is a short term policy where the maturity period is for short term policy of five years.
      Was this review helpful? 0
      , anantapur
      Reviewed on Nov 11, 2018
    • Exide Life Insurance
      "Best Policy"
      0.5 5.0/5 "Blown Away!"
      I have take life insurance from Ing vysya insurance which has of good returns , This coverage also covers accidental and critical illness coverage . I make the payment yearly through online This policy coverage is for 20 years .explained well about the policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 19, 2018
    • Exide Life Insurance
      "EXIDE LIFE INSURANCE INJURIOUS TO YOUR FAMILY......."
      0.5 0.5/5 "Unacceptable"
      PLEASE DO NOT INVEST IN EXIDE LIFE INSURANCE FAKE COMMITMENTS & WRONG PROMISES WORST INSURANCE COMPANY... NEVER EVER TRUST ITS MY EXPERIENCE EXIDE LIFE INSURANCE INJURIOUS TO YOUR FAMILY..... ITS MY PERSONNEL EXPERIENCE.... DONT WASTE YOUR MONEY & TIME EXIDE AGENTS & SALES TEAM ARE BIG LIERS, FRAUDS.....
      Was this review helpful? 4
      , hyderabad
      Reviewed on Aug 10, 2018
    • Exide Life Insurance
      "Fraudulent (Exide Life Insurance)"
      0.5 0.5/5 "Unacceptable"
      Exide outsourced the marketing part to bajaj capital to get the genuine customers and involve them in fraud insurance policies of Exide Life Insurance. The representative told that I can get my 100% amount in case of need after completing two yearly transactions, while applying for closure the manager from exide said I ll get only 30% of whatever Iâ??ve paid. Dont know how this company is still in the market!!!!!! I would suggest not to take policies from exide. When I asked for contact number of bhopal Office, the telephonic representative said, we dont have the contact number of bhopal office. LIC and mutual funds are way better!!
      Was this review helpful? 0
      , bhopal
      Reviewed on Aug 09, 2018
    • Exide Life Insurance
      "Good Policy"
      0.5 5.0/5 "Blown Away!"
      I have take life insurance from Exide life insurance which has 9-10% of good returns , This policy also covers accidental and critical illness coverage . I make the payment yearly through on-line This policy coverage is for life time had to renew yearly . I used to get income tax benefits. Their customer service explained well about the policy.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jul 23, 2018
    • Exide Life Insurance
      "ONE OF THE WORST INSURANCE"
      0.5 0.5/5 "Unacceptable"
      I've been using the Life insurance policy from the Exide Life for a while. The response is not good. I pay a premium of 30000 per year via ECS. The premium gets auto debited from the account as it total i paid them 146000 now i want there office to surrender insurance policy and they pay me back 51500/ only this is worst insurance in India.
      Was this review helpful? 7
      , mumbai
      Reviewed on Jul 13, 2018
    • Exide Life Insurance
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I've been using the Life insurance policy from the Exide Life for a while. The response is not good. I pay a premium of 2000 per year via ECS. The premium gets auto debited from the account as it is more convenient for me. So far it has been a useful insurance policy to have.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2018
    • Exide Life Insurance
      "Good Retirement policy"
      0.5 5.0/5 "Blown Away!"
      Their is much future benefits is available in this policy. Since it is a after retirement policy, i can get the benefits after my retirement. They have suggested me the best policy. I used to make the payment through cheque. I have tried to make the payment through ECS and their is no proper response for that. The branch response is good. I'm making the payment yearly in the amount of Rs. 12K. Maturity will be there.
      Was this review helpful? 3
      , salem
      Reviewed on Jun 18, 2018
    • Exide Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I hold a life insurance policy with EXIDE life from last 1 year and it is a long term policy. I am happy with the coverage and returns of this insurance policy. I pay my premium once in a year through net banking and i am convenient with the payment options. The maturity period for this insurance policy is 10 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 20, 2018
    • Exide Life Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I have a EXIDE life insurance from last 10 years, the only benefit i found in this insurance policy is, they give good bonus when compared to other insurance companies. I pay my premium once in a year through net banking. I am satisfied with the returns of this insurance policy.
      Was this review helpful? 1
      , kolkata
      Reviewed on Apr 25, 2018
    • Exide Life Insurance
      "good product"
      0.5 5.0/5 "Blown Away!"
      I had taken a life insurance policy from the top most public sector insurance company EXIDE LIFE INSURANCE. My annual premium amount is Rs. 2000/- which is very reasonable by comparing with other premium products. They wouldn't providing non claim bonus benefits.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 17, 2018
    • Exide Life Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a Life insurance with Exide Life.The policy is for 15 years.I paid a premium amount of 60,000 per annum.I have no clime experience with them.Plan benefits are good.Customer service is good.I should pay only for 5 years.I pay my premium by cheque.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 08, 2018
    • Exide Life Insurance
      "Better policy to use"
      0.5 3.0/5 "Satisfactory"
      Got the EXIDE LIFE INSURANCE around 4 years ago. This policy has the tenure of 16years. I pay the premium amount of Rs,12,000 in a year. The customer support and the response is average with the EXIDE LIFE INSURANCE. The plan benefits and the coverage is average with the EXIDE LIFE INSURANCE.
      Was this review helpful? 0
      , bhimavaram
      Reviewed on Feb 12, 2018
    • Exide Life Insurance
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      There was an Life insurance with Exide,the service was very good. I have two policy's with Exide they use to update me regularly regarding new schemes and offers also the staffs of Exide is good. It was an excellent experience with Exide life insurance service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 22, 2018
    • Exide Life Insurance
      "Okay"
      0.5 2.5/5 "Just OK"
      I am having the life insurance policy with the Exide life insurance company and its not much favorable one but I am doing it for the tax saving purpose. I would like to say that the coverage value and other things are not up to the mark according to the premium.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 18, 2018
    • Exide Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I hold a life insurance policy with Exide Life from last 3 years and it is a long term policy. The tenure of this insurance is 15 years and i pay a premium of Rs 1200 every month through online. The payment options are convenient for me in this insurance. I am happy with the coverage and benefits of this policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2018
    • Exide Life Insurance
      "Good "
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the Exide life insurance company and the response is good one for me. Plan benefits are good one for me with the Exide life insurance company, also their policy coverage value too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 14, 2017
    • Exide Life Insurance
      "Average"
      0.5 1.0/5 "Really Bad"
      I am having the life insurance policy with the Exide life insurance company. Policy coverage value was not up to the mark. There are no suggestion to them till now. I am happy with them till now and the plan benefits are good one.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 09, 2017
    • Exide Life Insurance
      "Good returns"
      0.5 4.0/5 "Great!"
      Yearly Rs.240000.. Money back... Every 3 years I have heard from my Friends that the return in Exide Life Insurance is pretty high. This is what I am expecting from them for my Life Insurance. I have been paying Rs.24000 Yearly and the plan I have taken is Money back. Every Three Years the returns expected are pretty good and at the end of the whole term I would be getting whole amount.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 01, 2017
    • Exide Life Insurance
      "Decent Insurance"
      0.5 4.0/5 "Great!"
      The experience with Exide's Health Insurance has been a decent one. I have been paying around Rs.3000 per annum and getting a good coverage. The network hospitals are high number and the cashless options are also available. Apart from this I don't have any personal claim experience, so it will be a little premature to rate it.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 22, 2017
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