Exide Life Child plan 2023 Benefits, Features, details, Reviews

Exide Life Child plan – The previous name of Exide Life Insurance Company was ING Vysya Life Insurance Company. Exide Industries Limited is the current owner of the business, which was established in 2001. Bengaluru is where the headquarters of the business are. The company offers a variety of life insurance products through direct sales, corporate agents, brokers, Bancassurance, insurance agents, and online sales. Over 45,000 advisors work for the company to sell products to individuals. The company has more than 200 branches across India, so finding a location is simple.

There have been a lot of changes recently when it comes to life insurance. In this article, we will provide you with an overview of the Exide Life Child plan 2023. This plan is ideal for parents who want to take care of their children financially after they die. We’ll also discuss some of the benefits of this plan, and answer some common questions about it. So if you’re at the point where you want to make sure your children are taken care of after you die, read on for more information.

Exide Life Child plan 2023

The Exide Child Education Plan helps pay for higher education for children. Exide Youngster Insurance Plan Contract guarantees that your kid will get the Reliable Advantages at the defining moment of life, even in your nonattendance. Exide Life Kid Protection Plan offers the monetary help for the kid’s future assuming the guardians meet with a startling occasion. The policy can be reinstated at any time during the term of the policy, but it must be paid back within two years of the first unpaid premium by paying the reinstatement fee at the rate that is in effect at the time of the payment and providing proof of continued insurability to the satisfaction of the board-approved underwriting policy.

Looking to provide your child with a secure and comfortable future? Then you’ll want to take a look at Exide Life Child plan 2023. This comprehensive package provides your child with everything they need to grow up healthy, happy, and financially secure. From education to health care to sport and recreation, this plan has it all. With Exide Life Child plan 2023, you can rest assured that your child will have everything they need to reach their full potential.

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Exide Life Child plan

Exide Life Child plan 2023 Details

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Benefits of Exide Life Child Plans

If you’re looking to provide your child with a secure future, then you should consider Exide Life. This retirement plan is designed specifically for children, and offers a number of benefits that will make your life easier. Not only will your child have access to a monthly income, but they’ll also be able to get help with healthcare costs, estate planning, and much more. If you’re interested in learning more about Exide Life plans, be sure to read on!

Following are the benefits of choosing Exide Life Child Plans:

  • Benefits of Life Insurance and Premium Financing: In the event of the policyholder’s death, the beneficiary of an Exide Life Child Plan will receive a sum equivalent to the Life Cover. Exide Life Insurance will cover all future premiums up until the end of the policy’s term.
  • You have the option of selecting the Family Income Benefit under the Exide Life New Creating Life Insurance Plans.
  • Benefits of maturity: When the policy’s term expires, the beneficiary will receive the maturity amount, which is the fund value. You can choose, under the Exide Life Mera Aashirvad Plan, to receive the maturity amount in one lump sum or in regular payments.
  • Numerous choices for investments: You can put your money into one of six different investment funds. Growth with low risk and high risk are the investment options. You can invest in funds according to your needs in this way.
  • Added benefit: Before the end of the Exide Life Child Plan’s five-year term, you can put any extra cash into the plan.
  • Benefit from loyalty: You can receive loyalty benefits under the Exide Life Wealth Maxima – Maxima Child Plan in your 10th, 15th, and 20th policy years as long as your annualized premium is at least Rs. 72,000.

List of Child Plans Provided by Exide Life Insurance Company Limited

Exide Life Insurance Company Limited offers a wide range of child plans that cater to various needs and preferences of parents. From maternity cover to special education, these plans cover every contingency, ensuring that your child is always well-covered. If you are looking for affordable and comprehensive child protection, look no further than Exide Life Insurance Company Limited.

Exide Life Insurance offers three types of child plans:

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Exide Life Wealth Maxima Maxima Child

This unique product offers high returns in a conservative investment style, which makes it the perfect choice for parents who want to provide their children with a sound financial foundation. Plus, Exide Life Wealth Maxima is an IRS-compliant product, so you can rest assured that your money will be protected no matter what.

This Unit Linked Insurance Plan is a non-participating plan with three options to choose from based on your life stage. You can put resources into assets of your decision, get dependability benefits, and appreciate tax-exempt development benefit.

Benefits and features of Exide Life Wealth Maxima – Maxima Child

If you’re looking for an insurance policy that will provide you with significant benefits and features, you should consider Life Wealth Maxima – Maxima Child. This policy has a number of unique features, including the ability to cover your children until they reach the age of 25 years old. It also offers a number of other benefits, such as protection from financial collapse and theft, and coverage for long-term care. If you’re considering a life insurance policy for your family, consider Life Wealth Maxima – Maxima Child. You won’t be disappointed!

The features and benefits of Life Wealth Maxima – Maxima Child are as follows:

  • Numerous variations: There are three options available for this plan:
  • Maxima Invest is a great option if you want to grow your money in the most effective way possible.
  • If you want life insurance protection and investment returns, Maxima Family is the right choice for you.
  • Benefits of maturity: Your recipient can get the asset esteem as a single amount sum on development or get a piece of the asset esteem as intermittent payouts.
  • Changing varieties: Depending on your life stage, you can choose between the three variations.
  • There are three choices for investments:
  • Depending on your investment style and tolerance for risk, the investment funds contain a debt and equity mix.
  • Method for Automatic Asset Rebalancing: People who anticipate that their investment goals and risk tolerance will change over time would benefit most from this investment.
  • Under Section 10(10D), you also get tax breaks on the maturity amounts.
  • Policy phrase: Premium-Paying Term (PPT): 10-20 years Same as the policy’s term. Frequency of premium payments: Monthly, half-yearly, and annual top-up premiums of Rs. 4,000 each: Between Rs. 6,000 and Rs. 7,80,000 7 or 10 times the annualized premium
  • Top-up amount guaranteed: 1.1 to 1.25 times the premium for the additional coverage Exide Life Mera Aashirvad:

A non-linked, non-participating life insurance plan is what this one is. This is the perfect savings cum protection child insurance plan for you.

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List of Exide Term Insurance Plans

If you’re anything like most people, you’re interested in finding the best term insurance plans available. After all, term insurance is a vital part of any financial safety net. And with so many options on the market, it can be hard to decide which one is right for you. That’s why we’ve put together this list of the top Exide term insurance plans. These plans have been carefully selected based on their ratings and customer reviews, so you can be sure that you’re getting the best possible deal. So what are you waiting for? Start shopping today!

The following types of term insurance plans are available from Exide life insurance:

Name of the plan

Brief description 

Exide Life Term with Return of Premium Plan

This is a return of premium term plan, as the name suggests, in which the premiums paid during the policy’s term are refunded if the plan matures and the insured is still alive.

Exide Life Elite Term Insurance Plan

You can select high sum assured levels from this high-value term plan at reasonable premiums. The policy’s premium is reduced by appealing premium discounts. These incorporate lower rates for non-smokers and females, limits on ideal clinical reports and rebate on picking a high total guaranteed. If necessary, you can choose to extend the coverage period or increase the amount guaranteed.

Exide Life Smart Term Plus Plan

This is a restricted premium term plan which discounts the charges on development. With optional riders, you can increase the amount of coverage.

Exide Life Smart Term Plan

This policy gives you three options, each of which lets you choose to receive between 100 and 150 percent of the plan’s premiums at plan maturity.

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Benefits and features of Exide Life Mera Aashirvad

If you’re looking for a long life and a healthy lifestyle, then you should consider using Exide Life Mera Aashirvad. This insurance policy offers a number of benefits and features that can help you achieve both goals. For example, it covers medical expenses in the event of an accident, and also provides financial assistance in the event of death. If you’re interested in finding out more about this policy, or in finding a policy that best suits your needs, please contact one of our experts. They will be happy to guide you through the process.

The features and benefits of Exide Life Mera Aashirvad are as follows:

  • There are three guaranteed advantages to this plan:
  • On maturity or periodic payout dates, the Guaranteed Sum Assured will be paid.
  • In the event that either parent passes away, the Guaranteed Sum Assured will be paid out.
  • guaranteed continuation of the policy in the event of the death of the parents.
  • Policy phrase: PPT plus five years’ minimum guarantee: PPT 10 to 14 years: Rs. 3,50,000; PPT 15 to 20 years: Rs. 4,50,000.
  • Guaranteed Life Coverage: 10 times the annualized premium or 10 times the premium paid, whichever is higher, is the sum assured.
  • Facility for loan: If you have paid the premium for three full years, you can get a loan facility.

Exide Life New Creating Life Insurance Plans

Do you want to protect your loved ones in the event of an unfortunate accident? With Exide Life New, you can create life insurance plans that will provide your family with the financial security they need. Our plans are tailored to meet your specific needs, and we offer a variety of flexible options that will fit any budget. Plus, our experienced representatives are available 24/7 to answer any questions you may have. Ready to get started? Give us a call today!

These child plans are good for people who want to save for their children’s future and help them out financially if something bad happens.

  • New Creating Life Insurance Plus from Exide Life: This is a non-connected taking part disaster protection kid plan offering Life Cover with Family Pay Advantage in case of death. Pay for a few years and get life insurance for the entire policy term.
  • New Creating Exide Life Insurance Regular Payout: You will be required to make regular payments throughout the entire policy term under this plan. Life Insurance with a Family Income Benefit in the event of death is provided by this child plan, which is non-linked and participates in the insurance market. In the event of a calamity, all future premiums are waived. This plan is good for regular savings, gives you safe returns, and it protects you from bad things.

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Benefits and features of Exide Life New Creating Life Insurance Plans:

The features and benefits of Exide Life New Creating Life Insurance Plans are as follows:

  • Benefits for Family Income from Life Insurance: Your family will receive the Sum Assured in one lump sum upon your death, or a portion of your Life Cover will be distributed to them as regular income over a 60-month period.
    In the event of the death of the life assured, both the Regular Pay plan and the New Creating Life Insurance Plus plan have their future premiums waived.
  • Benefits of maturity: The Exide Life New Creating Life Insurance Plus plan guarantees your family an additional 10% of the Sum Assured upon maturity.
  • Bonus: You can get a bonus if the company’s participating fund makes money.
    Term of Premium Payment: 5, 7, or 10 years for the Exide Life New Creating Life Insurance Plus policy, and between 15 and 25 years for the Exide Life New Creating Life Insurance Regular Pay policy.
  • Policy phrase: 10 to 20 years for the Exide Life New Creating Life Insurance Plus policy, and the same period of time as the PPT policy for the Exide Life New Creating Life Insurance Regular Pay.
    Frequency of premium payments: monthly and annually.

Exide Life New Creating Life Insurance Plans:

Plan Name Entry Age Maturity Age Premium
Life Wealth Maxima – Maxima Child 18 to 50 years 65 years
  • Minimum Annual Premium: Rs.36,000
  • Minimum Semi-Annual Premium: Rs.24,000
  • Minimum Monthly Premium: Rs.4,000
  • Minimum Top-up Premium: Rs.6,000 per transaction
  • Maximum Top-up Premium: Rs.7,80,000
Exide Life Mera Aashirvad Parent: 21 to 50 years Child: 0 to 15 years Child has to be minimum 18 years on the date of maturity. The parent’s age, PPT, and the select Sum Assure are taken into account when calculating premium.
Exide Life New Creating Life Insurance Plans – Exide Life New Creating Life Insurance Plus Parent: 18 to 45 years Child: 0 to 17 years 60 years Minimum Annual Premium:

  • Rs.36,000 p.a. for PPT 5 years
  • Rs.24,000 p.a. for PPT 7 years
  • Rs.18,000 p.a. for PPT 10 years
Exide Life New Creating Life Insurance Plans – Exide Life New Creating Life Insurance Regular Pay Parent: 18 to 45 years Child: 0 to 17 years 60 years Rs.12,000 p.a.

Why one needs Exide Life Child Plan?

Under Exide Life Child Plans, your family will receive an immediate payout in the event of a calamity. In addition, Exide Life Insurance pays for or waives all future premiums in the above scenario. Exide Life Child Plans also guarantee a tax-free maturity benefit.

Depending on your income and financial plans, we can choose to pay premiums on a regular or limited basis. Under the Exide Life New Creating Life Insurance Plans, you can get a discount for paying higher premiums. Exide Life Insurance’s accident or health rider can help you get more protection from your life insurance.

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