Exide Life Secured Income Insurance Plus is a protection plan that also provides limited income for the family of the insured for a brief period of time. The plan provides for an additional 10% over the Sum Assured plus bonuses on plan maturity.
With this plan policyholders can choose between two premium payment modes, monthly or annually, and flexible premium payment term periods. A unique feature of this plan is that it comes with discount benefit if high premium amounts to be paid by the policyholder. The discount can be as high as 7% for amounts more than Rs.72,000.
Individuals with a maximum entry age of 50 years can apply for this insurance plan. There’s no lower limit of age for getting this policy. As per Exide Life Secured Income Insurance Plus Plan, a minor insurance holder has to be minimum 18 years old on maturity date of the policy. Listed below are the various eligibility factors that you must meet to purchase Exide Life Secured Income Insurance Plus Plan:
|Minimum age at entry||0 years|
|Maximum age at entry||50 years|
|Minimum age at maturity||18 years|
|Maximum age at maturity||70 years|
|Minimum policy term||
|Maximum policy term||20 years|
|Premium Payment Term (PPT) with regards to the child’s age||For 0 year old - 13 to 20 years For 1 year old - 12 to 20 years For 2 year old - 11 to 20 years For 3 to 15 year old - 10 to 20 years|
|Policy Term||PPT plus 5 years|
|Sum Assured||Minimum Sum Assured for PPT 10 to 14 years - Rs.3,50,000 Minimum Sum Assured for PPT 15 to 20 years - Rs.4,50,000 Maximum Sum Assured - Unlimited|
|Premium Payment Frequency||Annually or monthly mode|
*Premiums vary based on age, location, plan term, and other factors.
This is how Exide Life Secured Income Insurance Plus works:
|Option A||65% of the Sum Assured|
|Option B||105% of the Sum Assured|
Get enhanced protection by adding an Exide Life Rider to your base policy, Exide Life Secured Income Insurance Plus with the following riders:
|Exide Life Term Rider||Get up to double the life cover against death caused due to natural or accidental causes.|
|Exide Life Critical Illness (4) Regular Pay||Get enhanced life cover against 4 major critical illness.|
|Exide Life Critical Illness (25) Regular Pay||Get enhanced life cover against critical illness. This rider covers 25 major critical illnesses.|
|Exide Life Accidental Death Disability and Dismemberment Rider||Get additional protection against accidental death, disability or dismemberment for a nominal premium payment.|
If the policyholder commits suicide for any reason within a year of commencement of the policy, the following would occur:
Following are other key features of Exide Life Secured Income Insurance Plus:
Under Exide Life Secured Income Insurance Plus, you can get guaranteed tax benefits on premiums paid and maturity proceeds:
There are several other benefits of purchasing life insurance plans from Exide Life Insurance such as:
|My Life||By registering for My Life, you can easily manage and track your policy. With My Life, you can make online premium payments, update contact details, check policy status, view Policy Value, revive your insurance policy, make enquiries through E-box, print policy fund statements, tax certificates, and portfolio statements.|
|Policy alerts||Get policy notifications via email or SMS on your registered mobile number.|
|Premium payment channels||Online premium payment methods include e-wallet, net banking, credit card or debit card. Other premium payment channels include Auto-Debit Arrangement, NEFT or RTGS, cheque, DD or cash deposit at Exide Life Insurance branch, South Indian Bank branch, Axis Bank branch, Karnataka One Counter, Bangalore One Counter, and HD One Counter.|
|Life Cover and Premium calculator||Determine how much life cover you need and how much premium you have to pay using the online life cover and premium calculators, available on the Exide Life Insurance website.|
|Complaints and feedback||Fill up an online form on the Exide Life Insurance website to register your complaints or feedback. For grievance redressal, visit the nearest branch of Exide Life Insurance or write to email@example.com. You can also call toll-free number 1800 419 8228.|
Following are the reasons why you should buy Secured Income Insurance Plus Plan from Exide Life Insurance:
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