In this day of uncertainty, most earning individuals look forward to securing the lives of their loved ones with a life insurance cover. When people look for life insurance policies, the most obvious choice for them is a term insurance cover. All life insurance companies in the market offer term plans for their customers and Exide Life is no exception. The protection plans offered by Exide Life ensure that policyholders and their families are well protected from unexpected adversities. Customers who look forward to buying a term insurance plan from the company can use the premium calculator available on the official website and check the cost first.
The life insurance industry is currently flooded with term insurance covers offered by companies operating in the country. As of now, there are about 24 life insurance companies operating in India. Choosing the right company and the right plan can be daunting for someone looking to buy a term plan. Since most people choose plans based on the cost of a policy, it is necessary for them to know the premium before they make a decision. This is the reason why insurance companies offer premium calculators for their customers. Using premium calculators, customers can check different plans and different sum insured options that fit within their budget. This saves the trouble of manually calculating the potential cost of a policy based on one’s age, income, health condition, smoking habits, and other related factors.
The premium calculator offered by Exide Life can be accessed from the company’s official website using the following ways:
Alternatively, you can use the following steps to calculate the premium:
The major advantages of using a term insurance premium calculator are listed as follows:
Exide Life is one of the up and coming players in the life insurance industry. The company has an impressive product lineup to cater to the needs of its customers. The requirements of customers change from one person to another. Hence, it is impossible for companies to set a fixed premium for all customers. With premium calculators, customers can calculate the specific premium applicable to them and contact the company if they decide to go ahead with the purchase.