Exide Life Prospering Life Plus - an Unit Linked Insurance Plan

• Reduce taxable income by up to Rs. 1,50,000 deduction under section 80C**
• Convenient payment options - annual, half-yearly, quarterly or monthly premium payments
• Do more with plans that offer pure protection, retirement planning and investment options

Everybody dreams to attain growth in every aspect of life. This is a unit-linked plan that provides you multiple options of investment and flexibilities that give you control over the various investments you make. It also offers guaranteed life cover. You get 6 investment funds with unlimited free switches. You receive benefit from asset allocation style of managing funds. Everybody dreams to attain growth in every aspect of life. This is a unit-linked plan that provides you multiple options of investment and flexibilities that give you control over the various investments you make. It also offers guaranteed life cover. You get 6 investment funds with unlimited free switches. You receive benefit from asset allocation style of managing funds.

Eligibility - Who is the Exide Life Prospering Life Plus-Unit Linked Insurance Plan for?

To be eligible to purchase the Exide Life Prospering Life Plus - a Unit Linked Insurance Plan, the individuals must be of a minimum age, and the maximum entry age, and the age at maturity must also be adhered to. Following are the eligibility criteria to purchase the Exide Life Prospering Life Plus - a Unit Linked Insurance Plan:

Sum Assured and Premium Range - What you get and what it costs?

Following are the sum assured and premium details of the Exide Life Prospering Life Plus - the Unit Linked Insurance Plan:

*Premiums vary based on age, location, plan term and other factors.

Plan Coverage - What Exide Life Prospering Life Plus-Unit Linked Insurance Plan covers

Following are the benefits offered by Exide Life Prospering Life Plus – a Unit Linked Insurance Plan:

Other Key Features of Exide Life Prospering Life Plus-Unit Linked Insurance Plan:

• Free look period: From the date of receipt of the policy document, you are given 15 days to review the terms and conditions of the policy. If you have any objection to the terms and conditions, you have the option to return the policy. You will receive refund of the premium paid after certain deductions. The Free Look Period is 30 days for policies that are purchased through Distance Marketing.
• Grace period: If you have failed to pay the premium on the due date, Exide Life Insurance offers you a grace period of 30 days to pay the premium due without interest. If the premium is not paid within the grace period, your policy will lapse.
• Policy Lapse: If you have failed to pay the premium within the grace period, your policy will lapse and all benefits under this policy will cease until it is reinstated or revived. If at the least 1 full year’s premium is paid and less than 3 full years’ premiums are paid then you will receive life cover which is equal to Surrender Value. A lapsed policy will not be a participant of the participatory fund.
• Reduced Paid-Up: If minimum 3 full years’ premiums have been paid and further premiums are unpaid, the policy will attain Reduced Paid-Up status, provided the policy hasn’t been surrendered. This status will remain until the policy is revived or reinstated. During the Reduced Paid-Up status, the life cover will decrease. Once the Reduced Paid-Up benefit is paid, the policy will cease.
• Top-up Premium: In case you want to increase your savings, you can use top-up premiums to invest in funds that have been chosen by you in the policy. You can do this without buying a new policy for yourself. The minimum top-up premium amount is Rs.6,000 at one go.
• Limited Pay Option: You can opt to pay for a certain number of years while the benefits of the policy will last for the complete tenure of the policy. Or, you can opt to pay the premium for the entire tenure of the policy through a regular payment option.
• Policy notifications: You can receive policy-related notifications via email or SMS alerts on your registered mobile number.
• For complaints and feedback: You can fill up an online form on the Exide Life Insurance website to register your complaints or feedback. For grievance redressal, visit the nearest Exide Life Insurance branch or write to care@exidelife.in. You can also call toll-free number 1800 419 8228.

Exclusions – What is excluded from the Exide Life Prospering Life Plus-a Unit Linked Insurance Plan?

In case the life assured commits suicide within one year from the date on which the policy was issued, 80% of the single premium will be payable to the beneficiary.

Tax Benefits – How you can save with Exide Life Prospering Life Plus-a Unit Linked Insurance Plan?

The Exide Life Prospering Life Plus-a Unit Linked Insurance Plan offers tax benefits under Section 10(10D) and Section 80C of the Income Tax Act, 1961.

Why should you buy Exide Life Prospering Life Plus - a Unit Linked Insurance Plan from Exide Life Insurance?

Exide Industries Limited has 100% ownership of Exide Life Insurance Company Limited and for the FY 2015-2016, the company made more than Rs.2000 crores in Premium Income. The company made a profit of Rs.112 crore for the financial year. The company is also known for their innovate approach to promote new insurance products. For example, earlier in 2017, Exide Life started a campaign on Twitter called “#nomoreexcuses” to promote their product, Sanjeevani Health Insurance for Heart and Cancer. This hashtag garnered almost 10,000 tweets. The campaign also gained momentum on various social media channels with millions of hits on their videos. The company’s approach to tackle the issue of health has definitely not gone unnoticed.