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Exide Life Elite Term Plan Insurance

We all want to ensure that our loved ones are never short in terms of financial resources to live the life of their dreams. While we cannot foresee our future, we can definitely make plans to ensure that the dreams of our loved ones are never compromised, thereby providing a strong 'foundation' of financial security for them. Presenting Tata AIA Life Insurance Sampoorna Raksha Plan, a pure term insurance plan that provides financial protection to your family.
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Exide Life insurance review

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 Elite Term Plan Overview

  • Key Benefits
  • Eligibility

Key Benefits of Exide Life Elite Term Plan

  • Substantial Life Cover at affordable premiums
  • Flexible payout options (Lump sum Payout, Lump sum with Family Income Payout ,Family Income Payout)
  • Option for Family Income Payout of 5 or 10 years
  • Option for term extension by 5 or 10 years
  • Exclusive Sum Assured Band of 50 Lakh- 99.99 Lakh for online sales
  • Discounted Premium rates for Online Sales
  • Modal Discount of 4.17% on premium payment in annual mode

Eligibility Criteria of Tata AIA Life Sampoorna Raksha

Parameters Criteria for eligibility
Minimum / Maximum Age at Entry 21years / 60 years (Age last birthday)
Maximum Maturity Age 70 years (Age last birthday)
80 years age (If Extended Term opted for)
Minimum Policy Term 10 years
Maximum Policy Term 40 years (subject to the maximum maturity age)
For Extended Term – Maximum policy term allowed as per age at entry +5 years or 10 years
Premium Paying Term (PPT) Same as policy term
(No premiums are payable during the Extended Term)
Minimum Sum Assured 50 Lakhs
Maximum Sum Assured No Limit(Subject to underwriting guidelines)
Premium Mode Annual and Monthly
Modal Factor 11.50 (Annual mode)
1 (Monthly mode)

Elite Term - Underwriting Guidelines

Login Eligibility Validations

Age Min Educational Criteria Top 150 Location Occupational Qualification Verified Annual Income Login Results Login Validations
21-35 Graduate Yes Salaried, Professional, Self Employed and business 2.5 Lacs Allowed All conditions to be satisfied
36-60 Graduate Yes Salaried, Professional, Self Employed and business 3 Lacs Allowed All conditions to be satisfied
21-60 Graduate No Salaried and professional 5 Lacs Allowed All conditions to be satisfied
21-60 12th Pass Yes Salaried and Professionals 7.5 Lacs Allowed All conditions to be satisfied
21-60 12th Pass No Any Any Not Allowed Any condition not meet

Brochure

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Policy wordings

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  • Address

    InstantCover Insurance Web Aggregator Private limited
    710, 6th B Cross, 16th Main Road, Koramangala 3rd Block, Bangalore - 560 034.

  • 080-41101026
  • Send an email
CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025