Exide Life New Creating Life Insurance Plan

Exide Life Insurance has launched child insurance plans under Exide Life New Creating Life Insurance Plans. The plans under this category offer financial security to your child and ensures that your children’s dreams are fulfilled. There are two plans under the category. Listed below are the two plans offered under this bouquet.

  • Exide Life New Creating Life Insurance Plus
  • Exide Life New Creating Life Insurance Regular Pay

Eligibility Conditions of Exide Life New Creating Life Insurance Plan

Eligibility criteria Exide Life New Creating Life Insurance Plus Exide Life New Creating Life Insurance Regular Pay
Minimum age at entry(Parent) 18 years 18 years
Maximum age at entry(Parent) 65 years 65 years
Minimum age at entry (child) 0 years 0 years
Maximum age at entry(child) 17 years 17 years

Key Features of Exide Life New Creating Life Insurance Plan

Feature Exide Life New Creating Life Insurance Plus Exide Life New Creating Life Insurance Regular Pay
Type Term life insurance policy
Premium paying term 5,7 or 10 years 15-25 years
Policy term 10-20 years for a PPT OF 5 years

12-20 years for a PPT of 7 years

15-20 years for a PPT of 10 years

Same as Premium Paying Term
Minimum annual premium Rs.36,000 p.a. for PPT of 5 years

Rs.24,000 p.a. for PPT of 7 years

Rs.18,000 for PPT of 10 years

Rs.12,000 p.a.
Premium payment mode Annually or monthly Annually or monthly
Guaranteed additions Guaranteed addition of 10% of Sum assured on maturity None
Waiver of premium Yes Yes

Benefits and Advantages of Exide Life New Creating Life Insurance Plan

  • Tax benefits:On maturity, the child under the plan gets tax free amount which is equal to all the accumulated sum assured and bonuses over the term of the policy.
  • Life cover along with Family Income benefit:In case of an unfortunate event, your family will be paid a Sum Assured on Death which will be higher of the following-10 times the Annualized Premium or Base Sum Assured
  • Waiver of premium:All the premiums will be waived off in case of the unfortunate death of the premium payer.
  • Discount for higher premiums:The plan rewards the insured with discounts if they pay higher premiums.

How does Exide Life New Creating Life Insurance Plans?

32 year old Satish has a 1 year old daughter and wants to save Rs. 15,00,000 for her higher education. He saves Rs. 1,00,000 for 10 years while the plan continues for 20 years. He gets a sum assured of Rs. 8,35,676. He opts for Family Income Benefit as

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

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.