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Saral Jeeva Bima Plan Insurance

Exide Life

Exide Life Saral Jeeva Bima Plan Insurance

A Non-Linked Non-participating Individual Pure Risk Premium Life Insurance Plan
Financial support to your family is very important to lead a risk free life for you and your loved ones. The even more important aspect is to secure your family financially, unfortunately if you are not around. We help you in building that financial support so that your loved ones never have to compromise.
Presenting Exide Life Saral Jeeva Bima Bima that financially covers you against death and no matter what tomorrow holds for you, your family’s future remains secure Key Reasons to buy

Life Cover for financial protection
Option to stay covered for a maximum term of 40 years
Options to choose from monthly, yearly and half-yearly modes of premium payment

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Exide Life Insurance plans

Distribution - Number of branches pan India (March 2019)
212

Entry Age Minimum/Maximum (Years) - Term Plans
18/60

Sum Assured Minimum / Maximum - Term Plans
15 lacs / as per T&C

Policy Term Minimum / Maximum (Years) - Terms Plans
15/40

Solvency Ratio (FY 2018-19) *
2.08

Number of Policies Sold (Ind+Group) *
190,460

Number of Lives Covered (Ind+Group) **
2,069,510

Claims Settlement Ratio (Ind+Group) ***
98.67%

* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20 | *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

Exide Life Saral Jeeva Bima Plan Overview

Key Benefits
Eligibility

Key Benefits of Exide Life Saral Jeeva Bima Plan

Life Cover up to 85 years of age; or option for Whole Life coverage (till age 100 years)
Flexible Premium Paying Term
Lower premium rates for female lives1 and Standard premium rates for non-smokers
Enhance your protection with Optional Rider2
Large Sum Assured discount for Higher Coverage
Receive tax benefits3, as per the applicable Income Tax laws

Eligibility Criteria of Exide Life Saral Jeeva Bima Plan

Parameters	Criteria for eligibility
Minimum / Maximum Age at Entry	18 years / 65 years age last birthday
Maximum Maturity Age	70 years age last birthday
Policy Term	Single pay and Regular pay: 5 years to 40 years Limited pay – 5 years :10 years to 40 years Limited pay – 10 years: 15 years to 40 years
Premium Paying Term (PPT)	Single Pay Regular Premium: Same as policy term Limited Premium Payment term for 5 years and 10 years
Minimum Sum Assured	5 Lakhs
Maximum Sum Assured	25 Lakhs ( Subject to underwriting guidelines)
Premium Mode	Regular and Limited Premium Payment Options: Yearly; Half Yearly; Monthly (only under ECS / NACH) Single Premium: In Lump sum
Modal Factor	11.5 (Annual mode) 5.86 (Half yearly mode) 1 (Monthly mode)

Brochure

Review Exide Life Saral Jeeva Bima Plan Insurance brochure to understand coverage details.

Policy wordings

Review Exide Life Saral Jeeva Bima Plan Insurance policy wordings which explains the terms and conditions.

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025