If your goal is to maximise your wealth so that you can provide for your child's future then Exide Life Wealth Maxima - Maxima Child is a suitable insurance plan for you. It is a non-participating Unit Linked Insurance Plan offered by Exide Life Insurance Company Limited. Exide Life Wealth Maxima offers:
To purchase Exide Life Wealth Maxima - Maxima Child, you have to meet the following eligibility criteria:
|Plan Name||Entry Age||Maturity Age|
|Exide Life Wealth Maxima - Maxima Child||18 to 50 years||65 years|
The nominee must be a minor child with entry age of 0 to 17 years. The life assured and proposer should be the same person. If your entry age is 45 years or above, you have the option to choose your Basic Sum Assured as 7 or 10 times the annualised premium.
|Plan Name||Policy Term||Premium Paying Term (PPT)||Premium Payment Frequency||Premium||Sum Assured|
|Exide Life Wealth Maxima - Maxima Child||10, 15 to 20 years||Same as Policy Term||Annual, half-yearly, and monthly (For the monthly payment mode, you will have to pay 3 months’ premiums in advance on the policy commencement date)||
*Premiums vary based on age, location, plan term, and other factors.
Listed below are the various charges associated with Exide Life Wealth Maxima - Maxima Child
|Year||Annual||Half-yearly and Monthly|
|1st year||6% of the premium||4.25% of the premium|
|2nd to 5th year||4% of the premium||3.25% of the premium|
|6th year onwards||2.5% of the premium||2.5% of the premium|
|1st to 5th year||0.20% of the annualised premium per month|
|6th year onwards||0.30% of the annualised premium per month|
|Year||Charge (% per annum)|
|Exide Life Prime Equity Fund||1.35% of Fund Value|
|Exide Life Growth Fund||1.25% of Fund Value|
|Exide Life Balanced Fund||1.25% of Fund Value|
|Exide Life Secure Fund||1.00% of Fund Value|
|Exide Life Preserver Fund||1.00% of Fund Value|
|Exide Life Active Asset Allocation Fund||1.35% of Fund Value|
Listed below are the various benefits covered by Exide Life Wealth Maxima - Maxima Child
|Option||On Maturity||Settlement Payout|
|1||0% of Fund Value||100% of Fund Value|
|2||20% of Fund Value||80% of Fund Value|
|3||40% of Fund Value||60% of Fund Value|
|4||60% of Fund Value||40% of Fund Value|
|5||80% of Fund Value||20% of Fund Value|
|Exide Life Secure Fund||Equity: 10-20% Debt: 0-90% Money Market: 0-20%||Low|
|Exide Life Preserver Fund||Debt: 75-100% Money Market: 0-25%||Low|
|Exide Life Growth Fund||Equity: 40-60% Debt: 0-60% Money Market: 0-20%||Medium|
|Exide Life Balanced Fund||Equity: 20-40% Debt: 0-80% Money Market: 0-20%||Medium|
|Exide Life Active Asset Allocation Fund||Equity: 20-100 Debt: 0-80% Money Market: 0-80%||High|
|Exide Life Prime Equity Fund||Equity: 90-100% Debt: 0-10% Money Market: 0-10%||High|
|Number of years to maturity||Exide Life Prime Equity Fund||Exide Life Preserver Fund|
|15 to 19 years||80||20|
|10 to 14 years||60||40|
|5 to 9 years||40||60|
|0 to 4 years||20||80|
Following are the additional coverage provided under Exide Life Wealth Maxima - Maxima Child:
Suicide: The policy will be terminated immediately, if the life assured commits suicide within a year from date of policy commencement or revival of the discontinued policy. The Fund Value as on the date of death will be paid to the nominee or beneficiary.
Listed below are few other important features of Exide Life Wealth Maxima - Maxima Child:
If you discontinue the policy after 5 policy years, then you can opt for:
With Exide Life Wealth Maxima - Maxima Child, you can get tax benefits on premiums paid under section 80C and on maturity benefits under section 10(10D) of the Income Tax Act, 1961. Tax benefits under Section 10(10D) are not applicable if your life cover is lesser than 10 times the annualised premium.
Following are reasons why buying life insurance plans from Exide Life Insurance Company Limited is made easy and convenient:
Exide Life Insurance Company Limited was voted one of the top most reliable insurance providers in India. The company serves more than 15 lakh customers in over 200 cities across the country. It boasts a strong traditional insurance portfolio that is distributed through multi-channels such as Banc Assurance, Agency, and Corporate Agency & Broking. More than 50,000 agents spread across 200 offices are dedicated to serving customers of Exide Life Insurance. The company manages assets worth Rs.9,530 crores and gained Rs.2,047 crores in Premium Income during FY 2015-16. The Claims Settlement Ratio of Exide Life Insurance for FY 2015-16 was 89%.
The content on this website is meant only for general information purpose and does not and shall not be construed as any solicitation, procurement, display, aggregation, marketing or advertisement of insurance products. BankBazaarInsurance is not an insurance intermediary and hence does not endorse or solicit any such products. The information on this website is derived from publicly available sources and BankBazaarInsurance cannot verify or confirm the genuineness, truth, veracity or authenticity of this information.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.