Understanding Exide Life My Money Back Plan
Updated On Oct 04, 2021
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Exide Life My Money Back Plan is a one-of-a-kind plan that combines life insurance with a savings option. This plan not only protects your family financially in your absence but also provides guaranteed survivor benefit payouts to assist you to meet your various financial needs throughout your life. The amount of the survival bonus is set by a specified proportion of the total promised.
Features of Exide Life My Money Back Plan
The following are some of the most important aspects of the Exide Life My Money Back plan:
- Guaranteed Survival Benefit Payouts are available.
- Two survival benefit payout options are available, as well as a limited premium payment plan.
- Offers Benefits of Maturity Benefits on Death
- Critical Illness Rider is available.
- Term Rider's Availability
Advantages of Investing In The Exide Life My Money Back Plan
The following are all of the advantages you will receive when you purchase the Exide Life My Money Back Plan:
1. Insurer With A Good Reputation
Exide Life is largely regarded as one of India's best and fastest-growing private life insurance firms. As a result, it's a good idea to get your life insurance from this business. They provide a 96 percent claim settlement rate. They also offer an excellent customer support team, so you'll be able to have all of your questions answered. The insurance business is also digitally robust, making it simple for you to purchase and manage your policy with them.
2. Huge Life Insurance Coverage
The Exide Life My Money Back Plan offers a high level of life insurance. You will select the sum assured according to your requirements. You'll pick a stronger cover if you have a lot of dependant relatives, and vice versa. Assess your requirements, then select the level of coverage that you believe will be most useful and valuable to you.
The Exide Life Money Back Plan is a low-cost life insurance option. Because the premium rates are reasonable, you can easily afford to purchase this life insurance coverage. The level of coverage determines the premium rates throughout the life insurance policy.
4. Assurance Of Timely Payouts
This is frequently a money-back plan, you will be paid regularly. Payouts are made at predetermined periods. They aid you with your money management and persuade you that they are beneficial.
5. Advantage Of Maturity
In addition, if you outlast the insurance term while receiving regular payouts, you may be eligible for a maturity benefit. This is frequently a benefit of this policy's investment component.
6. Accidental Benefit
In the event of the life assured's untimely death, the nominees will get the sum promised to fulfill their financial needs after you pass away. If the life assured dies in an accident, their family receives an additional sum promised, known as the accidental benefit.
7. Tax Advantages
The premiums you pay for the Exide Life My a refund Plan are tax-deductible up to Rs 1,50,000 per year. Under Section 80 C of the Indian Income Tax Act, the supply is available.
The Exide Life Money Back, a refund Plan, as you can see from the points listed above, is jam-packed with features. As a result, purchasing a return life insurance policy for this is a good option. You can ensure that your family is taken care of while you are away. You may also receive convenient payments from time to time. It is recommended that you get a plan to ensure that you and your family are financially secure.
You may also like to read - Advantages of a Money Back Policy
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.