Exide Life Nirmal Jeevan Insurance Plan 2023 Benefits Features Details Reviews

Exide Life Nirmal Jeevan Insurance Plan –Are you looking to secure life insurance for your family? If so, you’ll want to take a look at Life Nirmal Jeevan Insurance Plan 2023. This plan offers excellent coverage at an affordable price, and it comes with a number of benefits that will make it a great choice for you and your loved ones. Here are some of the key highlights of this plan.

A Plane for financially safeguarding your dependents’ future in the event of your death or injury is an insurance plan. However, in addition to insurance, you also require savings for yourself and your family in the future. Exide Life Nirmal Jeevan Insurance Plan is an endowment insurance that provides protection and savings to meet this need. In 2001-2002, Exide Life Insurance began operations. It ensures the management of assets worth Rs 11,000 crore and has nearly 15 lakh customers. Life provides a variety of traditional plans in addition to long-term savings and protection plans.

Exide Life Nirmal Jeevan Insurance Plan 2023

Exide Life Nirmal Jeevan Insurance Plan 2023 has been launched to provide comprehensive insurance coverage to all the citizens of India. The plan offers an assured minimum cover of Rs 1 crore for accidents, Rs 2 crore for liabilities arising out of business or profession, and Rs 3 crore for liabilities arising out of civil misadventures. The plan also offers a benefit of unlimited medical assistance in case of an accident or illness. The scheme is available as standalone insurance policy or as an addition to an existing life insurance policy.

Life insurance is a contract between an insurer and the company that makes it easier for the insurer’s family to get money when the insurer dies. The policyholder’s premium payment for a predetermined period of time determines the amount of the family’s death benefit. The primary focus of the business is on providing insurance to insurers at all life stages. As a result, a few of its plans include investment, retirement, savings, and health insurance.

Exide Life Nirmal Jeevan Insurance Plan

Exide Life Nirmal Jeevan Insurance Plan 2023 Details

Name Of Article Life Nirmal Jeevan Insurance Plan 2023
Exide Life Nirmal Jeevan Insurance Plan 2023 Click Here
Category Insurance
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What is Exide Life Nirmal Jeevan Insurance Plan?

The Exide Life Nirmal Jeevan Insurance Plan is a non-participating endowment assurance plan with savings and insurance. plan gives you and your dependents guaranteed returns. The strategy ensures that the occasional small savings you make will result in greater gains and financial security. A medical exam is not required for the online-purchased plan. Also very low are the annual minimum premium limits for this plan, which are Rs 6,000.The plan is affordable because of this feature. Additionally, it ensures that the plan’s reach is unaffected by the policyholder’s socioeconomic background. This plan has the following key features:

  • The policyholder is guaranteed life insurance.
  • At the end of the term, there are also guaranteed maturity benefits.
  • Because you can sign up for the plan online, buying it is a breeze.
  • Because there are no medical tests required, purchasing a plan is significantly less complicated.
  • The plan’s low commitment to premiums makes it an affordable purchase.
  • After paying the premiums on time for two to three years, the policyholder will still be eligible for free life insurance for the next two to three years.

Working of Exide Life Nirmal Jeevan Insurance Plan

The Exide Life Nirmal Jeevan Insurance Plan’s structure, purchase, and claims processes are all straightforward. The structure of the plan is fairly straightforward, and it functions as follows:

1 Depending on your insurance requirements, choose the policy’s term and premium.
2 Based on your choice of premium and policy term, Exide Life Insurance will suggest the maturity benefit.
3 This plan provides benefits at maturity or in the event of the unfortunate death of the policyholder during the policy term.

Eligibility and Terms and Conditions for Exide Life Nirmal Jeevan Insurance Plan

In order to provide high-quality services to customers, the plan cannot be made available to everyone. Eligibility for the plan and the benefits it provides are subject to restrictions. These conditions are as follows:

Particulars Details
Minimum Premium to be Paid 6,000 INR
Maximum Premium to be Paid 6,000 INR
Minimum Age of Entry
  • Age as on Last Birthday
  • 3 years (15-year policy term)
  • 6 years (12-year policy term)
  • 8 years (10-year policy term)
Maximum Age of Entry 55 Years (Age as on Last Birthday)
Minimum Age of maturity 18 Years (Age as on Last Birthday)
Maximum Age of maturity 70 Years (Age as on Last Birthday)
Minimum Policy term 10 Years
Maximum Policy term 15 Years
Policy Premium Payment Term Equal to Policy Term
Policy Premium Payment Frequency Annual

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Benefits Involved in the Exide Life Nirmal Jeevan Insurance Plan

Are you looking to secure life insurance for your family? If so, you’ll want to take a look at Exide Life Nirmal Jeevan Insurance Plan 2023. This plan offers excellent coverage at an affordable price, and it comes with a number of benefits that will make it a great choice for you and your loved ones. Here are some of the key highlights of this plan.

The Exide Life Nirmal Jeevan Plan has a lot of features that make it not only cheap but also good for Indian customers. The advantages are as follows:

  • If a policyholder dies during the policy’s term, the assured sum is distributed to their beneficiaries.
  • At the time of the policy’s maturity, the insured will receive the guaranteed sum assured.
  • The programmed life cover keeps on giving advantages regardless of whether the policyholder neglects to pay the top notch sum subsequent to proceeding with the strategy for some time. Exide Life Insurance fully comprehends policyholders who are unable to pay their premiums because of financial constraints.
  • The policyholder has access to automatic life insurance coverage for the next three years in the event that he or she has consistently paid the premiums for three years prior to becoming unable to pay any more premiums. The first unpaid premium triggers the automatic life insurance policy.
  • Automatic life insurance will also be renewed if the policy is revived, and the policyholder will receive it as required.
    After the automatic life cover period has expired, the plan will be subject to the discontinuance rules.
  • The automatic life insurance feature is available for as long as the policy is in effect. The only requirement to take advantage of this benefit is that at least two premiums must be paid before payments are stopped.
  • If you have been paying your premiums on time for three years, the policy gives you a 30-day grace period to pay your premiums if they are late.
  •  If the premiums are not paid within the grace period, the policy will expire.

Exide Life Nirmal Jeevan Insurance Plan

The policyholder receives comprehensive life insurance coverage and guaranteed returns through this specialized endowment assurance plan. A small amount of money can be saved, and this Exide Life plan helps turn those small savings into a sizeable amount that can be used to cover a big expense as it comes up. This plan is an easy choice due to its low risk, moderate and steady returns, and absence of a medical exam requirement.

Conditions of Exide Life Nirmal Jeevan Plan Eligibility

Minimum entry age For 12 year policy term – 6 yearsFor 10 year policy term – 8 years
Maximum entry age 55 years.
Minimum maturity age 18 years.
Maximum maturity age 70 years.

What the Exide Life Nirmal Jeevan Insurance Plan Has to Offer

  • Life insurance that is sure.
  • Despite unpaid premiums, a two- or three-year extension of life insurance.
  • Effortless policy implementation and documentation.
  • There is no need for an examination.
  • Affordable policy with low commitment to premiums.

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