Exide Life

Exide Life Saral Jeeva Bima Plan Insurance

A Non-Linked Non-participating Individual Pure Risk Premium Life Insurance Plan
Financial support to your family is very important to lead a risk free life for you and your loved ones. The even more important aspect is to secure your family financially, unfortunately if you are not around. We help you in building that financial support so that your loved ones never have to compromise.
Presenting Exide Life Saral Jeeva Bima Bima that financially covers you against death and no matter what tomorrow holds for you, your family’s future remains secure Key Reasons to buy
  • Life Cover for financial protection
  • Option to stay covered for a maximum term of 40 years
  • Options to choose from monthly, yearly and half-yearly modes of premium payment
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Exide Life insurance review

Exide Life Insurance plans
Distribution - Number of branches pan India (March 2019)
212
Entry Age Minimum/Maximum (Years) - Term Plans
18/60
Sum Assured Minimum / Maximum - Term Plans
15 lacs / as per T&C
Policy Term Minimum / Maximum (Years) - Terms Plans
15/40
Solvency Ratio (FY 2018-19) *
2.08
Number of Policies Sold (Ind+Group) *
190,460
Number of Lives Covered (Ind+Group) **
2,069,510
Claims Settlement Ratio (Ind+Group) ***
98.67%
* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20  |  *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

Exide Life Saral Jeeva Bima Plan Overview

  • Key Benefits
  • Eligibility

Key Benefits of Exide Life Saral Jeeva Bima Plan

  • Life Cover up to 85 years of age; or option for Whole Life coverage (till age 100 years)
  • Flexible Premium Paying Term
  • Lower premium rates for female lives1 and Standard premium rates for non-smokers
  • Enhance your protection with Optional Rider2
  • Large Sum Assured discount for Higher Coverage
  • Receive tax benefits3, as per the applicable Income Tax laws

Eligibility Criteria of Exide Life Saral Jeeva Bima Plan

Parameters Criteria for eligibility
Minimum / Maximum Age at Entry 18 years / 65 years age last birthday
Maximum Maturity Age 70 years age last birthday
Policy Term Single pay and Regular pay: 5 years to 40 years
Limited pay – 5 years :10 years to 40 years
Limited pay – 10 years: 15 years to 40 years
Premium Paying Term (PPT) Single Pay
Regular Premium: Same as policy term
Limited Premium Payment term for 5 years and 10 years
Minimum Sum Assured 5 Lakhs
Maximum Sum Assured 25 Lakhs ( Subject to underwriting guidelines)
Premium Mode Regular and Limited Premium Payment Options:
Yearly; Half Yearly;
Monthly (only under ECS / NACH)
Single Premium: In Lump sum
Modal Factor 11.5 (Annual mode)
5.86 (Half yearly mode)
1 (Monthly mode)

Brochure

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Policy wordings

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2022