Exide Life Secured Income Insurance Plan 2023 Benefits, Features, Details, Review

Exide Life Secured Income Insurance Plan – Are you concerned about your future? Do you want to make sure that you and your loved ones are taken care of in the event of an unexpected death? If so, then Exide Life’s secured income insurance plan may be a good option for you. This plan offers protection against a wide range of risks, including death, disability, and loss of income. Plus, it has a range of benefits that make it ideal for people of all ages and lifestyles. To find out more about this plan, or to get started applying, visit Exide Life today!

Exide Life coverage Organization Restricted, a trustworthy and fruitful life coverage supplier, began carrying on with work in Bengaluru in 2001-2002 and has its base camp there. The company is owned solely by HDFC Life. Exide Life Insurance distributes its products through Agency, Banc Assurance, Corporate Agency & Broking, Direct Channel, and Online. Over 200 corporate locations across the country employ over 45,000 advisors through the agency channel. Exide Life Insurance focuses on offering long-term protection and savings solutions and has a solid traditional policy portfolio with a continuous bonus track record. The company’s accomplishments in terms of awards and recognition demonstrate its dedication to achieving its objectives. Let’s take a look at some of the awards that Exide Life Insurance received.

Exide Life Secured Income Insurance Plan 2023

Looking for a long-term solution for securing your income? Look no further than Exide Life. Our Secured Income Insurance Plan provides peace of mind for you and your loved ones, and can provide you with a stable income in the event of an unexpected tragedy. With coverage available for nearly any situation, we’re confident that our plan will be the right choice for you. Give us a call today to learn more!

Exide Life Insurance Company offers a wide range of insurance portfolios made up of plans that cater to the insurance requirements of its clients in light of their financial objectives and requirements. To help customers obtain insurance coverage and wealth-creation opportunities, the robust product portfolio includes traditional insurance products as well as unit-linked insurance products. Therefore, let’s talk about all of the different types of life insurance plans that Exide Life Insurance offers under various insurance categories:

Exide Life Secured Income Insurance Plan

Exide Life Secured Income Insurance Plan 2023 Details

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About Exide Life Secured Income Insurance

In India, Exide Life Insurance Company Limited is a well-known and reputable life insurance provider. The Exide Life company was founded in 2001-2002.The company’s headquarters are located in Bengaluru, India. The organization is a 100 percent auxiliary of Exide Businesses Restricted. This is set up with the goal of providing customers with insurance protection and saving options to help them achieve their financial goals. The Exide Life business has a robust product line that caters to all of its clients’ insurance requirements. The company has a long history of satisfying customers with high-quality goods and services.

Top Exide Life Secured Income Insurance Plan 2023

Exide Life is a top-rated secure income insurance plan that offers excellent coverage for both individuals and families. If you’re interested in this plan, make sure to get your quotes as soon as possible – 2023 is quickly approaching! This plan offers a variety of benefits, including death, disability, and accidental death benefits. Plus, the plan has a solid financial security rating, so you can be sure that you’re fully protected. Find out more about this top-rated income insurance plan today by getting your quotes!

Exide Life Term Insurance Plans

As the name suggests, term insurance plans are insurance products that cover the possibility of dying too soon. A term plan is a type of pure protection insurance designed to provide loved ones with financial protection in the event of the insured’s untimely death. In the same way that a term insurance plan does, if the insured dies, the benefit is paid to the nominee. However, there are now a few term plans that offer to return all invested premiums at the end of the policy’s term—that is, if the insured survives until the end of the term, all invested premiums are returned. As a result, a term insurance plan provides advantages such as protection against premature death and financial security for your loved ones in your absence.

Term Insurance Plans Offered by Exide Life Insurance –

Product Name Product Description
Exide Life Term with Return of Premium Plan This pure term insurance plan, as the name suggests, provides the benefit of a premium return in the event that the insured survives the policy term. While the policy pays the nominee the death benefit in the event of the insured’s death. The premium is reasonable and can be paid in a variety of ways to suit the insured’s financial needs.
Exide Life Elite Term Insurance Plan This one-of-a-kind term insurance plan rewards customers for leading healthy lifestyles and provides high insurance coverage at low premium rates. Additionally, the plan lets you extend the policy’s duration by five or ten years.
Exide Life Smart Term Edge The plan provides insurance that helps ensure your loved ones’ financial future in the event of your death. The plan’s three plan options—Classic, Step-up, and Comprehensive—provide comprehensive coverage.
Exide Life Smart Term Pro a comprehensive term insurance policy that guarantees a return of all premiums paid if the insured survives the policy’s term. Coverage for life with a limited amount of time to pay for it.
Exide Life Saral Jeevan Bima This is a pure term plan that ensures your loved ones’ financial future in your absence. The insured can take advantage of a large sum assured with a low premium under this plan.

Exide Life Endowment/Savings Plan

Long-term financial planning and management are the goals of endowment plans. As the name suggests, a savings plan helps you save money for short-term or long-term financial needs. The traditional investment-oriented life insurance known as an endowment plan. By investing regularly through premiums, an endowment plan allows for the creation of a financial corpus. For both short-term and long-term financial goals and long-term insurance, an endowment plan is the best option. In addition, the plan provides the insured with guaranteed maturity benefits or the death benefit to the nominee in the event that the insured dies before the policy’s maturity date. The endowment plan provides risk-free benefits as well as tax savings.

Endowment/Savings Plans Offered by Exide Life Insurance –

Product Name Product Description
Exide Life Star Saver This is a typical endowment plan that focuses on finding ways to save money.
Exide Life Saral Jeevan Regular savings opportunities with guaranteed returns are provided by this plan.
Exide Life Saral Bachat This is a standard savings insurance plan that provides coverage for the duration of the policy. The insured is eligible to receive guaranteed maturity benefits in the form of a lump sum or regular monthly income in the event of survival.
Exide Life My Assured Income Plan The insured has the option of receiving a guaranteed income pay-out in one of three ways if they survive the policy term.
Exide Life Income Advantage Plan This is a standard savings and protection plan that provides consistent income. under this plan, after paying the full amount of the premium during the first half of the policy term.
Exide Life Secured Income Insurance Plan Under this plan the insured can choose any one of the following 2 plans:

  • Exide Life Secure Income Insurance Plus
  • Exide Life Secure Income Insurance RP
Exide Life Guaranteed Income Insurance Plan The plan offers regular income at an attractive rate of 11% to 13% per Years.
Exide Life Assured Gain Plus This is a standard savings and investment plan that aims to provide both savings opportunities and insurance coverage.
Exide Life Sampoorna Jeevan This insurance plan, as the name suggests, provides coverage for a longer period of time, up to the age of 75 or 100.
Exide Life New Fulfilling Life This is a standard insurance plan with guaranteed money backs and insurance protection. The plan provides periodic survival benefits in addition to life insurance up to the age of 85.

Exide Life Secured Income Insurance Plan 2023

The insured can take advantage of investment opportunities and insurance coverage through unit-linked insurance plans. Any investor looking for a tool that gives them financial protection for the future and gives them opportunities to build extra wealth can invest money to reap the rewards. When starting a unit-linked plan, the best time to invest is early because it gives investments a longer time to perform well. The insured can invest their funds in a variety of funds offered by unit-linked plans to achieve returns that are appropriate for their risk tolerance.

Unit-linked Insurance Plans Offered by Exide Life Insurance –

Product Name Product Description
Exide Life Wealth Maxima This is a unit-linked life insurance plan that gives you coverage for the duration of the policy and a good way to make money. Depending on the requirements of your life stage, you can select any one of the three plan options offered by the plan. Three investment strategies based on the insured’s tolerance for risk. Depending on the plan option selected by the insured, the insured receives the fund value at maturity and the sum assured in the event of the insured’s death.
Exide Life Wealth Builder Lifetime coverage is provided by this unit-linked plan with a single premium. The arrangement offers market-connected returns over a time of 5 years or 10 years. In addition, the insured has the option of selecting the fund based on their risk tolerance.
Exide Life Wealth Elite This is a unit-linked insurance plan that provides both insurance coverage and opportunities for wealth creation. Depending on the insured’s risk tolerance, the plan provides eight fund choices.

Exide Life Retirement Insurance Plans

Planning and building a retirement fund that will support your financial independence during your golden years is the purpose of a retirement plan. Therefore, it is essential to make an investment in a retirement plan if you want to be able to enjoy everything you desire while remaining financially independent. With the help of retirement plans, you can build up enough money to live comfortably and enjoy the time after retirement. You can systematically plan your finances to meet your post-retirement financial needs by investing in a retirement plan. A retirement life insurance plan will guarantee that, like a pension, you will receive sufficient financial support in the form of a lump sum or a regular payment.

Retirement Plans Offered by Exide Life Insurance –

Product Name Product Description
Exide Life New Immediate Annuity Plan This is a plan for an immediate annuity that allows for the return of the purchase price. Annuity payouts are guaranteed for the life of the plan. The entire purchase price will be returned in the event of death.
Exide Life Smart Pension Plan This is a unit-linked individual pension plan with the goal of providing you with financial independence during your golden years. The plan gives you the chance to build a corpus for your retirement fund. Up to 105% of the premium paid can be covered by the plan’s life insurance.

Exide Life Health Insurance Plan

These days, the expense of clinical treatment is on a disturbing ascent. As a result, it is essential to make an investment in health insurance plans in order to keep up with the ever-increasing cost of medical procedures. As the name suggests, health insurance plans are intended to provide financial assistance to cover medical expenses. Because they provide financial relief in the event of medical emergencies, these plans are very helpful. The best insurance coverage is a health insurance plan because it helps cover costs associated with treatment and hospitalization.

Health Insurance Plan Offered by Exide Life Insurance –

Product Name Product Description
Exide Life Sanjeevani This is a health insurance plan that covers everything from heart problems to cancer and other diseases. The plan covers heart-related conditions with fixed benefits. Claim the benefit twice.

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Exide Life Child Plan

As the name suggests, a child insurance plan is designed to safeguard your child’s future. The purpose of this insurance coverage is to build up a fund that can be used to cover the cost of a child’s education or cover the cost of important milestones. The best way to ensure your child’s financial future even in your absence is through a child insurance plan. The plan is intended to provide your child with lump-sum benefits at regular intervals that coincide with significant life events.

Child Insurance Plan Offered by Exide Life Insurance –

Product Name Product Description
Exide Life New Creating Life Insurance Plan The purpose of this child insurance plan is to provide financial protection for your child’s future.There are two plan options for this plan:

  • Exide Life New Creating Life Plus

a limited pay plan designed to safeguard your child’s financial future. Your child will receive the assured amount plus a guaranteed 10% bonus and any accrued bonuses when they reach maturity. In addition, in the event of the insured’s death, the family will receive a death benefit in the form of both a lump sum and regular income for a period of sixty months. Additionally, all future premium payments will be waived.

  • Exide Life New Creating Life Regular Pay

Insurance coverage is provided by this typical pay insurance policy. Your child will receive the assured amount and any bonuses they have earned upon maturity, and in the event of the insured’s death, all future premiums will be waived.

Exide Life Insurance Riders

The insured receives benefits from a life insurance policy. However, the purpose of an insurance rider is to extend the coverage of a life insurance policy. Depending on the terms of the insurance plan, a rider facility increases the benefits received. You can get more insurance protection and increase your family’s financial security by selecting a rider facility as part of the base plan. The rider service is available for a small additional premium.

Riders Offered by Exide Life Insurance –

Rider Name Rider Description
Exide Life Term Rider In addition to the basic insurance plan, this rider provides additional insurance coverage. The insured gets more insurance coverage than the plan’s basic sum assured under this rider.
Exide Life Critical Illness Rider The purpose of a critical illness rider is to provide insurance coverage for diseases that have the potential to kill you. This insurance rider will pay for treatment if you get a diagnosis of any of the diseases that have been predetermined.
Exide Life Accidental Death, Disability and Dismemberment Rider This rider will pay the nominee 100% of the rider sum assured in the event of an accident that results in death, dismemberment, or disability. In the event of disability, a certain percentage is paid to cover the cost of treatment.

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Benefits of Buying Exide Life Insurance Plans

The Exide Life Insurance Plans provide coverage to the insured and guarantee financial security for their loved ones in their absence. The nominee receives the death benefit in the event of the insured’s untimely death during the policy’s term, safeguarding them financially. Purchasing a life insurance policy from Exide Life Insurance Company has numerous advantages. The benefits are contingent on the kind of insurance plan that the insured has purchased. Let’s take a look at the various advantages that Exide Life Insurance Plans provide:

Financial Security-

One of the best tools for systematically planning finances is a life insurance plan. In order to protect against unforeseen circumstances and financial contingencies, a life insurance plan provides benefits such as a death benefit or maturity benefit. A life insurance policy provides financial security for loved ones by paying the nominee the death benefit in the event of the insured’s death. Therefore, one of the primary benefits of investing in an Exide Life Insurance Plan is that, depending on the type of insurance plan chosen, these plans provide financial security.

Fortune Creation-

A fundamental benefit of purchasing life insurance is the creation of wealth, also known as a financial corpus that will assist in meeting future financial requirements. If you choose the right insurance plan, you will have access to opportunities that will help you multiply your investments and create a pool of money that can be used to meet your short-term and long-term financial requirements.

Financial Planning –

A fundamental requirement is financial planning. To arrange our finances, we make use of a variety of tools. You can better organize your finances by investing in a life insurance policy as well as other types of insurance, such as a child plan, pension plan, investment plan, and so on. will assist in preparing for financial independence at various life stages. In addition, these plans will guarantee your loved ones’ financial well-being in your absence. As a result, you can plan for and safeguard your child’s future if you invest in an Exide Life Insurance Plan. These plans guarantee that you abandon an inheritance that will deal with your kid’s future requirements and help him/her in building their future.

Achieve Financial Goals-

You will be able to achieve all of your established financial objectives by investing in an Exide Life Insurance Plan. Each of Exide Life Insurance Company Limited’s plans has special features that can help you reach your short- and long-term financial objectives. You can systematically plan your finances to achieve your dreams and goals by investing in Exide Life insurance plans, such as paying off a car loan, making financial arrangements for a trip abroad, and so on. As a result, all insurance plans offer assistance in planning and achieving financial objectives; however, the type of insurance plan determines the assistance and opportunities offered. With the help of a life insurance plan, you can accomplish your financial objectives while maintaining your savings.

Loan Against Policy-

Loan on Policy is a feature of some Exide Life Insurance Company life insurance plans. The insured can use this feature to get a loan against the policy. The insured can overcome their financial uncertainties with this feature. The loan against policy feature is only available with certain insurance plans. It can be used after a certain amount of time has passed and certain terms and conditions have been met. A life insurance policy, on the other hand, can be used as collateral to secure a new loan.

Liquidity

The availability or necessity of cash is crucial. We want money to pay for things like a trip abroad or the car of our dreams. Therefore, we can invest in a life insurance policy in such a way that it will ripen benefits at the appropriate time rather than taking out a loan for such short-term financial needs. Our need for extra cash will be met by the ample liquidity provided by the returns we get from investing in a life insurance plan. In addition to systematically investing, we can take advantage of unique life insurance plan features like surrender and partial withdrawal to meet short-term financial needs. As a result, a life insurance policy ensures that we have access to financial resources to fulfill all of our desires.

Retirement Planning-

Life insurance policies called pension plans aim to provide financial independence after retirement. The regular monthly salary will no longer be paid after retirement, but this should not prevent us from living our lives. Exide Life Insurance Company has developed a retirement plan that enables individuals to remain financially independent during their golden years, taking into account the significance of regular income in the post-retirement phase. Regular investments in a pension plan help build a corpus that can be paid out as a lump sum or as a monthly pension, eliminating the need for a regular income. In addition, these plans provide insurance coverage for the duration of the policy, ensuring that, in the event of your untimely death, you will leave a legacy for your loved ones.

Tax Benefits

The insured or policyholder receive tax benefits from life insurance plans. All premiums paid are eligible for tax deductions. Tax benefits apply to both the premiums paid and the payouts received (subject to certain conditions).

Exide Life Insurance Claim Settlement Process

Exide Life Insurance Company’s claim settlement procedure is straightforward and trouble-free. There are two kinds of Exide Life Insurance claims: claims for maturity and claims for death. The claim settlement procedure at Exide Life Insurance Company is straightforward, quick, and requires little documentation. Exide Life Insurance’s claim procedure is as follows:

Maturity Claim

As the name suggests, a maturity claim is one that occurs when a life insurance policy reaches maturity. If the insured survives until the policy’s maturity date, the maturity claim procedure is in effect. The insured is required to submit the required documentation and a completed discharge form when the maturity claim arises. The insured’s bank account will receive the claim payment as soon as the insurance company receives the documents.

Death Claim

A claim that arises in the event of the insured’s death is referred to as a “Death Claim,” as the name suggests. The nominee is obligated to notify the insurance company in the event of the insured’s untimely death. The person who is accountable for registering the death claim with the insurance company is the nominee. During the process of registering the claim, the nominee is required to provide a list of supporting documents. The insurance company is responsible for verifying the claim and depositing it into the nominee’s account once it has been registered.

Documents Required for Death Claim

The nominee must submit a list of documents to the insurance company when registering the claim. For the purpose of administering the claim, these documents are crucial.

  • Unique disaster protection strategy archive
  • Appropriately filled Passing Case Structure
  • Appropriately bore witness to Death Testament duplicate gave by neighborhood City authority
  • For getting the passing advantage credit in the ledger, the candidate is expected to either present a NEFT command structure validated by the bank or a dropped check
  • Some other extra archives as expected by the insurance agency.

Documents Required for Maturity Claim

If the insured survives until the policy’s maturity date, the maturity claim is processed. In order to receive a faster maturity benefit in the event of a maturity claim, the insured must submit the following documents to the insurance company:

  • Original Life Insurance Policy Document Completed Discharge Form To receive credit for the maturity benefit in the bank account,
  • the insured must either submit the NEFT mandate form with the banker’s attestation or attach a copy of their bank passbook to the discharge form.
  • Documents about your customer, such as proof of the insured’s identity and address,

Exide Life Insurance Tax Benefit

The Exide Life Insurance Plans are intended to provide the insured with a tax break. In addition to offering investment opportunities and insurance coverage, insurance plans also provide policyholders with tax breaks. The insured or the policyholder can get the tax break on the amount of the premium they pay for themselves or their family. In a similar vein, insurance investment returns may qualify for tax relief; however, the terms and conditions of this tax relief vary. The tax breaks available under various sections of the Income Tax Act are depicted in the table below.

Income Tax Act Sections Tax Benefit Available
Section 80C All premiums paid for Exide Life Insurance plans qualify for the Income Tax Benefit, which can be up to 10% of the SA, up to a maximum of INR 1.50 lakh.
Section 80D On the premium amount paid each financial year, individuals can receive an Income Tax Benefit of up to INR 25000, and senior citizens can receive INR 50000 under this section.
Section 10 (10D)  The nominee’s death benefit from the life insurance plan is completely tax-free under this section. Under certain conditions, maturity benefit and survival benefit receipts may also qualify for tax exemption. Before making an investment, please check the terms and conditions.
Section 80CCC If you want to get a tax break on the annuity plan’s premiums, this section applies.

Exide Life Insurance Customer Care Details

Customer service at Exide Life Insurance Company is of the utmost importance. They strive to provide services that are convenient for customers on a regular basis. The dedicated customer support team provides round-the-clock assistance. Customers can get in touch with the business in a number of different ways.

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Email ID [email protected]
Toll-free Number 1800 419 8228
Telephone No 080 4134 5444 (9.00 AM to 7.00 PM) (Monday to Saturday)
Website https://www.exidelife.in/
Social Media Handles Twitter handle @ExideLifeCares

https://twitter.com/exidelifecares

SMS Service To receive policy details SMS to 09880888228

Exide Life Insurance Reviews

One of India’s leading insurance companies is Exide Life Insurance Company. Some of its interesting details are as follows:

  • The company manages assets worth more than INR 15759 billion and serves more than 15 lakh customers across India.
  • The company made more than 3220 Crores in total premium income in 2019 and 2020.
  • Over 45,000 affiliated agents and advisors are based in over 200 branch offices across India for the company.
  • During the fiscal year 2019-20, Exide Life Insurance achieved a claim settlement ratio of 98.15 percent. The company offers a variety of insurance plans that can assist you in achieving your financial objectives.
  • The company has a straightforward and speedy claim settlement procedure that guarantees that the claim will be settled within 30 days of receiving all required documents.

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