Exide Life

Exide Life New Fulfilling Life Insurance

Exide Life New Fulfilling Life is Assurance plan with money back facility which creates savings at the same time providing life insurance coverage.
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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 New Fulfilling Life Insurance Overview

  • Key Benefits
  • Eligibility

Key Benefits of Exide Life New Fulfilling Life Insurance

  • 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 New Fulfilling Life Insurance

Parameters Minimum Maximum
Entry Age (Last Birthday) sssssss ssss
Maximum age at entry 15 years 50 years
Maturity Age (Last Birthday) - 85 years
Policy Term (PT) in years 85 – entry age
Premium Paying Term (PPT) in years Annual, monthly
Premium Paying Term (PPT) in years 12, 16, 20, 24

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