Exide Life Insurance – Buyer Guide & Review

Exide Life Insurance Company Limited, a well-established and profitable life insurance firm, was established in 2001. Exide has its roots in the city of Bangalore, India.

As of 31 March 2002, the Agency channel included 40,000+ advisors at 200 locations in the country. Exide provides a combination of group life insurance plans as well as individual policies.

Life insurance as we know is an extremely important step to secure our life.

Why not make that start with Exide Life Insurance that offers 10 different types of Plans.

Let’s take a look below.

10 Types of Exide Insurance Plans for Life

1. Exide Life Smart Edge:

2 plans options: Comprehensive and Classic

  • 100% of premiums paid will be returned to you as a sum assured upon maturity in Classic Variant. 100% of premiums paid will be returned to you as a sum assured upon maturity in the comprehensive variant, excluding any additional protection premiums
  • In the event of an unforeseen death, 100% of the sum assured will be paid

2. Exide Life Elite Term Plan

  • Affordable Premiums offer Generous Life Coverage
  • Optional Family Income Payment of 5 or 10, * Option to extend the term by 5 or 10,

3. Exide Life Smart Pro:

  • Full policy term life insurance return of premiums at the maturity
  • You have the option to pay premiums only for 5, 8, 10, or 12 years
  • Optional Family Income Payment for 5 or 10 Years
  • Riders offer enhanced protection

4. Exide Life Saral Jeevan Bima

  • Option to remain covered up to 40 years
  • You have the option to choose between three payment methods: Single Pay, LimitedPay, or Regular Pay.
  • You have the option to choose between monthly, semi-annual, or yearly premium payments

5. Exide Life Guaranteed Wealth Plus

  • Guaranteed Income for 30 Years + Total Return of Premiums at the Maturity
  • You can choose to receive guaranteed benefits as a lump sum or regular income + a lump sum.
  • You can get life insurance coverage for 6 years if you pay for the policy term.

6. Exide Life Star Saver

  • Guaranteed Maturity Benefit
  • You can get life insurance coverage over the full policy term for as low as 5 years if you only pay for 5 years
  • The additional death benefit in the event of an accident Tax savings according to prevailing tax laws

7. Exide Life My Assured Income Plan

  • Choose from 3 options to receive Guaranteed Income payments
  • Guaranteed Terminal Benefit upon expiration of policy term
  • Tax savings according to prevailing tax laws

8. Exide Life Income (Advantage Plan)

  • You can pay the first half and get income for the second half.
  • Life Insurance Cover for a Full Policy Term
  • Guaranteed Income
  • Flexible options for Income Pay-outs

9. Exide Insurance Plan RP

  • Optional Family Income Payments and Death Benefit
  • Your future is in your hands.
  • Regular Pay Option

10. Exide Life Wealth Builder

  • Life Insurance Cover for a Full Policy Term
  • Only one premium. You can choose between a policy maturity of 5 or 10, depending on your preference.
  • Enjoy the New Exide Life Capped Index Fund. Choose from 8 Fund Options*
  • In the case of a 10-year policy, 50% of Mortality Charges are returned upon maturity

Check out more life insurance plans here.