How to Use Exide Life Term Insurance Premium Calculator

The life insurance market in India is currently flooded with a horde of term plans along with riders. There are multiple private as well as public insurance providers in the market that offer comprehensive term insurance policies for their customers. Exide Life Insurance provides a wide range of products that you can choose from. Among the multiple plans offered by the insurer, there are protection plans, savings and investment plans, group business plans, retirement plans, and so on.

If you are planning to purchase a term life insurance policy from Exide Life Insurance, you will be able to find its cost with the help of the premium calculator available on the official website of the insurer. Premium calculators are essential as they help you make an informed decision when choosing a plan that is fit for your needs. Understanding the terms and conditions of the policy is also equally important, however, it might be a tedious task. Premium calculators give you the exact amount instantaneously.

How to Use Exide Life Term Insurance Premium Calculator:

  • Visit the main website of the insurer which is https://www.exidelife.in/.
  • You will be able to locate a button called ‘Term Plan Calculator’ at the bottom end of the page on the left-hand side under the header ‘Get a Quick Quote’.
  • When you click on this option, you will be redirected to a new page wherein you will be able to calculate your term plan premiums.
  • On this page, you will be required to provide your basic details such as the required life cover, birth date, gender, premium payment term (PPT), policy term, and so on.
  • Once all the details have been entered, click on the option ‘Next’.
  • The next page that appears will display the amount of premium you are required to pay.

There is an alternative way of checking the premium amount of a policy:

  • Choose a product for which you would like to know the premium, on the website of Exide Life Insurance.
  • When you have landed on the plan page, you will be able to locate two options, namely, ‘Get a Quick Quote’ and ‘Buy Online’.
  • Click on any one of these options.
  • The page that appears next will ask for your basic details such as your cover, gender, smoking preferences, your contact information, and so on.
  • Once all the details have been entered, choose the option called ‘get a quote’, and you will receive your cover’s premium amount.

Benefits of Using a Term Insurance Premium Calculator

There are multiple benefits of using a term insurance premium calculator. Some of them have been mentioned below:

  • If you are looking for the best term insurance policy in the market, premium calculators will be of great help to you. Instead of contacting each insurance company about the price of a term plan, simply get accurate results on online premium calculators.
  • Premium calculators are extremely user-friendly. This means that you will be able to receive instant information without having to wait. Additionally, these calculators are highly accurate, so you can rest assured about the information provided on a premium calculator.
  • The knowledge about multiple products can be bettered with the help of a term insurance premium calculator. With their help, customers can better understand the factors that affect the premiums of their chosen policies.

Conclusion:

It is impossible for a certain insurance provider to have fixed premiums for all customers. This is because financial needs and requirements vary from individual to individual. Through the facilities provided by a premium calculator, you can easily determine which product is most suitable for you and your family members.

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