Today in this article I am going to give you information about the Exide Life Guaranteed Income Insurance Plan. If you know what kind of insurance plan it is then it is good. If you do not know then no problem. In this article I am going to tell you all the information about the Exide Life Guaranteed Income Insurance Plan.
So today in this article we will discuss about what is Exide Life Guaranteed Income Insurance Plan?, Features of Exide Life Guaranteed Income Insurance Plan, Exide Life Guaranteed Income Insurance Plan Benefits, Exide Life Guaranteed Income Insurance Plan Eligibility, Exide Life Guaranteed Income Insurance Plan Premium, etc. Are going to talk about.
Exide Life Insurance is a very good and profitable life insurance company. It was started in the year 2002 and the headquarter of Exide Life Insurance is located in Bengaluru, India. Exide Life leads in providing long term protection as well as savings plans.
Exide Insurance plans are very flexible due to which you get many benefits under it.
What is an Exide Life Guaranteed Income Insurance Plan?
Excite Life Guaranteed Income Insurance Plan is a type of Non-Linked and Non-Participating Individual Life Insurance Savings Plan. This is a plan that provides guaranteed benefits to you even after the policy is completed and at the same time, if the policyholder dies during the entire policy term, then this insurance policy will cover him completely. Provides benefits to the family members of the policyholder.
In Exide Life Guaranteed Income Insurance Plan, in “Income” variant, the policy holder can get fixed income for 30 years by paying his premium for 6 years and along with this, the policyholder is also going to get maturity benefit which means that During maturity, the entire amount of premium paid by the policyholder will be given to him if he survives the policyholder, otherwise it will be given to his family.
This plan is best for those who believe in saving and are ready to finance their children’s education or fulfill their dreams. If you die due to any reason, then after your death, your family members are going to get a fixed salary every month, due to which your family members will not face any financial problem.
What are The Features of Exide Life Guaranteed Income Insurance Plan?
If you are thinking of buying a life insurance policy or you want to buy Exide Life Insurance Guaranteed Income Insurance Plan, then it is very important for you to know about its features and only then you can know more about this plan. You will be able to benefit more from it.
Buying a policy is a very important decision for all of us and an even bigger decision is to buy a good policy for our family.
So that if I die due to any reason in the future, my family will not have to wander anywhere for money and you get to see all these benefits in Exide Life Insurance. Let me tell you one by one below what are the features of this insurance plan.
- Exide Life Guaranteed Income Insurance Plan guarantees you an income of 11% to 13% every year.
- This means that after your premium payment is completed, you will get this percentage as a fixed salary every year.
- This plan is generally designed for everyone and this plan offers a guaranteed lump sum amount on maturity.
- In this insurance, Sudha provides you full guarantee on death benefit even during the income payment period.
- In this type of insurance policy, you are also given benefit on tax and minimum tax is charged from you.
- It comes under a non-linked, non-participating individual life insurance savings plan that gives customers the option to choose between two variants.
Under the “Income” variant, the policyholder will pay his premium for 6 years and thereafter the policyholder will be provided fixed salary income every year for the next 30 years. Apart from this, the policyholder is going to get 100% benefit on maturity.
This is insurance for those people who think about their children’s education, marriage or their dreams and want to save money for them and want to get regular cash every month for the same.
What are The Benefits Exide Life Guaranteed Income Insurance Plan ?
If you are going to take the Exide Life Income Insurance Plan, then you must know about its benefits. You will get to see many benefits of the Exide Life Guaranteed Income Insurance Plan and because of these benefits, you will definitely buy this Insurance plan so that your family and you can protect your future together. Some of the benefits are as follows.
1.Survival Benefit
Survival benefits is a benefit that is provided as a regular annual or monthly payment benefit after the completion of the policy term. This is a kind of survival benefit and in this benefit, the benefit is given to the policyholder only if he is alive. As soon as the policyholder dies, this benefit is stopped in time.
2. Death Benefit
In case of fortunate death, the Guaranteed Death Benefit (GDB) is higher of the Sum Assured and 10 times the annual premium or 105% of the premium paid plus unpaid due premium. This benefit is applicable during the entire term of the policy and is not less than the guaranteed income already paid.
- Lump Sum Option: The guaranteed death benefit is paid as a lump sum.
- Family Income Benefits Option: This is 110% of the guaranteed death benefit payable in 60 monthly installments.
3. Maturity Benefit
It is equal to the Sum Assured chosen at the inception of the policy and is paid on maturity of the policy term along with the final guaranteed income payment.
4. Tax Benefit
Under Exide Life Guaranteed Income Insurance Plan, you also get tax benefits in this type of insurance policy under Section 80C, as well as under Section 10(10D), Under Section 80D, you get a lot of relief in income tax. Exemption is given.
5. Less Premium Benefit
Under this insurance, if you have deposited your premium continuously for 2 years, then even if the premium is not paid, your policy does not stop, it continues and even in case of less payment, your insurance policy continues to run further.
Are There Any Riders Available With Exide Plan?
If you are also having a question in your mind that whether riders are also available with the Excite plan, then absolutely yes, in this insurance you will also be given a rider, with the help of which this plan is going to be even more fun and profitable for you.
Riders are given to you in this plan so that you can easily fulfill your needs and requirements under this insurance.
Exide Life Term Rider:
This is a life term rider which is a kind of add on and helps you enhance the basic life cover at a nominal additional premium. You can easily connect this writer with your favorite life insurance and avail maximum benefits from it.
Exide Life Critical Illness Rider:
Exide Life Critical Illness Rider is like a companion and is a protection cover that the policy holder can easily add to his insurance plan and provides protection against major illnesses like cancer, heart attack, chronic cancer, paralysis etc. If found out, one can take advantage of one-sided love.
Exide Life Accidental Death or Disability Rider:
This rider provides greater cover in case of Accidental Death and Disability and Exclusion and can be easily combined with the traditional Exide Life Insurance to avail the benefits.
How to Claim Against Exide Life Guaranteed Income Insurance?
If you have to file a claim in Exide Life Guaranteed Income Insurance Plan but you do not know how to file the claim, then the method is very easy. If you do not want to go offline and file the claim, then you can do it sitting at home with the help of your mobile phone. You can file your claim.
Below I have told you some steps to file a claim for Exide Life Insurance Company, read and understand all these steps carefully with the help of which you will not face any problem in filing the claim.
Step 1 – First of all you have to go to the official website of Exide Life Insurance Policy.
Step 2 – You will reach its official website, there you will be shown the option of Customer Service, click on it and after that you have to click on All Claims.
Step 3 – After this, a new page will open in front of you where you will see many things, there you will also be shown an option Register a Claim, but you have to click on it.
Step 4 – As soon as you click, a new page will open in front of you, there you will have to give some information about yourself, you will have to fill all the information after reading it carefully.
Step 5 – After filling all your information properly, you have to click on the Submit option.
Step 6 – By doing just this, your claim will be registered and after some time your claim will come to you.
What Documents are Required for Claim Settlement?
If you go to make a claim in Exide Life Insurance, then first of all you should know what are the necessary things which we may need while filing the claim during Exide Insurance Plan claim settlement. The documents required for claim settlement of this insurance plan are as follows.
- The claim intimation form must be duly filled.
- Must have an original death certificate.
- This should be followed by the Medical Cause of Death Certificate along with the medical records (outpatient consultation notes, test results, discharge/dead summary, admission notes etc.).
- Must have an age certificate and identity document.
- Must have a photograph of the policy holder.
- Proof of the policyholder’s bank account (self audit copy of bank passbook/claimant’s account statement) should be there.
Conclusion on Exide Life Guaranteed Income Insurance Plan
So friends, today we got a lot of information about Exide Life Guaranteed Income Insurance Plan in this article. If you are also thinking of taking Excite Life Insurance, then I have given all the necessary information for you in this article. So that you can know more about Exide Life Insurance.