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  • Exide Life Insurance New Fulfilling Life Plan

     4.0 / 5.0   by 111 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
      "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
    • Exide Life Insurance
      "Disatisfied"
      0.5 1.0/5 "Really Bad"
      Exide Life Insurance customer care is not good, initially they told focused me to make the amount of Rs. 20,000 to get the loan of Rs. 2 to 3 lakhs. Then I paid that amount but they didn't provide the loan then I could not their customer care. Hence I directly called that insurance company and canceled the policy in 15 days and I got my money back.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 07, 2017
    • Exide Life Insurance
      "Fraud and Worst Ever"
      0.5 0.5/5 "Unacceptable"
      Their agent will call you on behalf of LIC and they will make you believe that they from LIC legal department and they will ask you invest in Exide Life Insurance to achieve their target to get your benefits from LIC. Once you take the policy then they will never ever contact you. They will just shut down the communication and contact number will not be reachable.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 26, 2017
    • Exide Life Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      My Life Insurance was taken with EXIDE LIFE INSURANCE (Ing vysya). The tenure period was 15 years and Its a long term policy. The policy coverage is 10 lakhs and premium paid on monthly basis. Here I do online payment so Its convenient. Its a cash back policy and I am satisfied with the benefits here. The customer service and responses was also really good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 11, 2017
    • Exide Life Insurance
      "Average"
      0.5 3.0/5 "Satisfactory"
      I am holding the Exide life insurance policy from the last five years of time. I would like to say that the response is good one with the Exide life insurance company and the plan benefits are up to an average one with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 20, 2017
    • 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
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