Exide Life

Exide Life Term with Return of Premium Insurance

Exide Life Term with Return of Premium Plan comes out with a life insurance cover at affordable premiums and also returns the premiums paid at the end of the policy tenure.
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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 Term with Return of Premium Insurance Overview

  • Key Benefits
  • Eligibility

Key Benefits of Exide Life Term with Return of Premium 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 Term with Return of Premium Insurance

Entry Age For All 18 to 50 Years
Policy Term* Limited Premium 10 to 30 Years
Policy Term* Regular Premium 12 to 30 Years
Minimum sum insured Limited Premium 10 Lakhs
Maximum sum insured For All 25 Lakhs
Premium Paying Mode Annual

*The maximum Policy Term is 30 years subject to maximum maturity age of 65 years

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