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All Details About The Exide Endowment Plans

Published On Jul 30, 2021

Endowment plans are basically life insurance policies that provide you with dual benefits of life coverage and savings investment. A particular premium amount must be paid to the insurer on a regular interval throughout the tenure of the policy. The assured person is given Maturity benefits on the completion of the policy period. In case, the policyholder doesn't survive the tenure, his nominees are entitled to the lump sum amount which includes sum assured and bonus(if any).

Endowment Plans Offered By Exide Life Insurance

Following are the endowment plans offered by Exide Life Insurance:

  • Exide Life Nirmal Jeevan Insurance Plan

This plan offers good benefits to the policyholders. The individual can choose the sum assured, also known as maturity amount which is paid on the maturity of the term.

Features and Benefits:

  • This plan guarantees to pay the sum assured to the nominees,if the policyholder dies during the policy tenure. 
  • Minimum Entry Age: 3 years 
  • Minimum Maturity Age: 18 years
  • Maximum Entry Age: 55 years 
  • Maximum Maturity Age: 70 years 
  • Available Policy Terms : 10, 12 and 15 years.
  • Annual mode of premium payment. 
  • After paying 3 full premiums, you can apply for a loan against this plan
  • All the premiums paid are free from income tax under Section 80C of the Indian Income Tax Act. Under Section 10D, the maturity amount is also exempted from the payment of tax. 
  • Exide Life Mera Ashirvad

Key features and benefits of this plan:

Features and Benefits:

  • The premiums are waived, in case of an unfortunate death of the policyholder. 
  • Minimum entry age for parents is 21years and maximum entry age is 50 years.
  • For children, the minimum and maximum entry ages are 0 to 15 years.
  • The premium paying terms of the policy are connected to the age of the children. 
  • Policy term: premium paying term plus 5 years.
  • Minimum Sum assured is Rs. 3,50,000.
  • No limit on maximum sum assured. 
  • It also provides you with the tax benefits mentioned in the previous plan.
  • Exide Life Secured Income Insurance Plus

It is one of the brand new plans introduced by the company. It is a limited Pay Plan which offers life cover not only in lump sum but also as a source of income for 60 months. On the maturity of the policy, the policyholder gets sum assured with 10% guarantee addition along with accrued bonuses, if any.

Features and Benefits:

  • Minimum - Maximum entry age: 0 years to 50 years.
  • Minimum & Maximum age at Maturity: 18 to 70 years.
  • Premium Paying Term(PPT): 5,8and  10 years
  • Policy Term: For PPT 5 yrs: 10-20 yrs

                     For PPT 8yrs: 12-20yrs

                                 For PPT 10yrs:15-20yrs.

  • Minimum Premium: Rs.25,000
  • Maximum Premium: No Limit 
  • Modes of premium payment: Annual and Monthly 
  • They provide attractive tax free returns. 
  • There is flexibility to choose between limited and regular pay options.
  • Exide Life Secured Income Insurance RP

This plan is best suitable to those persons who are not interested in taking much risk with their investment and are willing to save their money regularly.

Features and Benefits:

  • Minimum age at entry is 0 years and maximum age at entry is 55 years.
  • Minimum age at maturity is 18years & the maximum is 70 years.
  • Premium paying Term: 15 to 25 years.
  • Policy Term: Equal to premium payment Term. 
  • Minimum premium: Rs. 15,000.
  • This plan provides life coverage with family income benefits. 
  • Attractive tax free returns are available.
  • Exide Life New Fulfilling Life

The Following are the features and benefits of this plan:

  • Minimum entry age is 15 years whereas the Maximum is 50 years.
  • Policy term of this plan is 85 years.
  • Maturity benefits include sum assured plus accumulated bonus.
  • Maximum Premium Paying age is 70 years.
  • Minimum premium to be paid: Rs.12,000 per year.
  • This plan offers a bonus in the 1st policy year, regardless of the term of premium payment. This is exempted from tax. 
  • You can also get guaranteed money backs within a few years of the commencement of the Policy.
  • The available Modes of premium are annual and monthly.


There are ample endowment plans, apart from these, which are offered to the customers. Therefore, individuals need to go through the plans features and benefits carefully, before choosing the most suitable endowment plan for them. Factors such as need and requirements of the individual, his/her long term goals, income and circumstances influence their choice of the plan.

Also read 

5 Best Endowment Plans To Choose From In 2021

Different Types Of Endowment Policies In India

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.        

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