Why should I purchase an Exide Life Elite Term Insurance plan?

Exide Life Elite Term Insurance plan is a pure protection plan which provides life cover and financial security to the family of life assured in case an unforeseen event takes place. This plan has multiple death benefit payout options and allows the extension of the policy term by 5 or 10 years.

Is a policy loan available under the Exide Life Elite Term Insurance plan?

No, policy loans are not available under the Exide Life Elite Term Insurance plan.

What is the policy extension benefit under the Exide Life Elite Term Insurance plan?

Under this option the life assured can choose to extend the policy term by 5 or 10 years according to his/her coverage requirement and budget.

Is suicide covered under the Exide Life Elite Term Insurance plan?

No, suicide is not covered under the Exide Life Elite Term Insurance plan, but in case the life assured passes due to committing suicie during the first 12 months of the policy year, the nominee shall be provided with 80% of the total premiums paid.

Can I increase the sum assured of my Exide Life Elite Term Insurance plan?

Yes, you can increase the sum assured of your Exide Life Elite Term Insurance plan on health improvements during the policy term.

What are the different death benefit payout options available under Exide Life Elite Term Insurance plan?

Different death benefit payout options available under Exide Life Elite Term Insurance plan are: Lump Sum Family Income Payout Lump Sum with Family Income Payout

Does Exide Life Elite Term Insurance plan provide a maturity benefit?

No, Exide Life Elite Term Insurance plan does not provide a maturity benefit.

What are the different riders available under the Exide Life Elite Term Insurance plan?

There are 2 different rider options available under the Exide Life Elite Term Insurance plan are: Exide Life Accidental Death, Disability and Dismemberment Rider Exide Life Critical Illness Rider

What is the Family Income Payout option under Exide Life Elite Term Insurance plan?

Under Family Income Payout option, the nominee will receive 1.07% of the death benefit every month for 120 months after the date of demise of the life assured.

Exide Elite Term Insurance

147 reviews

Exide Life Term Insurance

Elite Term Insurance Plan

Claim Settlement Ratio	98.54%
Customer Care	9:00 AM to 7:00 PM
Death Benefit Paid For	3,404 Policies
Inception	2001
Presence	200+ Offices
Total Death Benefit Paid	Rs. 88.95 Crore

About Exide Elite Term Insurance

Exide Life Elite Term Insurance plan is a non-linked, individual, non-participating, pure protection plan. This is a unique term insurance plan that provides a high sum assured at a reasonable price. Exide Life Elite Term Insurance plan has multiple death benefit payout options such as Lump Sum, Family Income Payout and Lump Sum with Family Income Payout. This plan offers flexibility to opt for family income payout for 5 or 10 years. Exide Life Elite Term Insurance plan also offers an option of policy term extension by 5 or 10 years.

This plan is a must have for all breadwinners to make sure that their family is financially secured, this plan is specially designed as an income protection solution that helps you build a corpus for a financially secured future for you and your family. You can add riders under this plan to enhance the base coverage of the policy.

What's Included

Unforeseen demise of the life assured
Accidental death
Accidental disability and dismemberment
Critical Illness

What's Not Included

Exide Life Elite Term Insurance plan does not cover death due to suicide. In case the life assured passes by commiting suicide within first 12 months from the date of policy issuance, the nominee shall receive 80% of the total premium paid till the date of life assured’s demise.

Elite Term Insurance Plan User Reviews

4.9

Rating based on

147 User reviews

What users are saying

Transparent Premium Structure
I appreciate the transparency in how InsuranceDekho structures its term insurance premiums. The Exide Term Ins...
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T
By Tushit kapur
On: Sep 11, 2023
Hassle-free claim settlement
It was very easy to file a claim with InsuranceDekho. The instructions were clearly mentioned on the website. ...
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By Sagarika Parewal
On: Aug 28, 2023
Must purchase plan
The Exide Term Insurance- Elite Term Insurance Plan is highly recommended. The policy comes at an afford...
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By Suresh kalra
On: Aug 16, 2023
Distinctive feature
The Exide Term Insurance- Elite Term Insurance Plan on InsuranceDekho provided me with the best informat...
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By Umang Khatri
On: Jul 04, 2023
No chance of fraud
Many times we have to be cautious of where we are investing. But when it comes to InsuranceDekho, there is no ...
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By Pihu Kashyap
On: Jun 29, 2023

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Claim Process at Exide Life Term Insurance

1
Claim Intimation
In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
2
Submission of Documents
Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
3
Claim Evaluation
Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
4
Claim Settlement
If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.

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FAQs on Elite Term Insurance Plan Health Insurance Plan

Why should I purchase an Exide Life Elite Term Insurance plan?
Exide Life Elite Term Insurance plan is a pure protection plan which provides life cover and financial security to the family of life assured in case an unforeseen event takes place. This plan has multiple death benefit payout options and allows the extension of the policy term by 5 or 10 years.
Is a policy loan available under the Exide Life Elite Term Insurance plan?
No, policy loans are not available under the Exide Life Elite Term Insurance plan.
What is the policy extension benefit under the Exide Life Elite Term Insurance plan?
Under this option the life assured can choose to extend the policy term by 5 or 10 years according to his/her coverage requirement and budget.
Is suicide covered under the Exide Life Elite Term Insurance plan?
No, suicide is not covered under the Exide Life Elite Term Insurance plan, but in case the life assured passes due to committing suicie during the first 12 months of the policy year, the nominee shall be provided with 80% of the total premiums paid.
Can I increase the sum assured of my Exide Life Elite Term Insurance plan?
Yes, you can increase the sum assured of your Exide Life Elite Term Insurance plan on health improvements during the policy term.

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Exide Life Term Insurance Contact Details

Reach us for help anytime

Insurance Dekho
755 1196 989Mon to Sun 10:00 AM to 7:00 PM
support@insurancedekho.com
Exide Life Term Insurance
1800-419-82289:00 AM to 7:00 PM
care@exidelife.in