Exide Elite Term Insurance Benefits

Exide Life Elite Term Insurance Plan Benefits

Below mentioned are the benefits that you can avail under Exide Life Elite Term Insurance plan:

1. Death Benefits: Under Exide Life Elite Term Insurance plan a death benefit is provided to the nominee in case of an unfortunate demise of the life assured during the policy tenure. This plan provides financial security to the family of the life assured in case of life assured’s unforeseen demise. The death benefit can help the family of the life assured to fulfill their daily financial requirements and goals.

2. Multiple Death Benefit Payout Options: Exide Life Elite Term Insurance plan offers multiple death benefit payout options namely Lump Sum, Family Income Payout and Lump Sum with Family Income Benefits. Family Income Payout option provides 1.07% of the death benefit to the nominee over 120 months from the date of demise of the life assured. Under the Lump Sum with Family Income payout option the nominee can choose to receive the death benefit as 50% lump sum and 0.95% of the death benefit every month for 60 months after the date of demise of the life assured.

3. Flexibility to Extend the Policy Term: Under Exide Life Elite Term Insurance plan you get the flexibility to extend the policy tenure by 5 or 10 years. You can choose to extend your policy term according to your requirements and budget.

4. High Coverage at an Affordable Price: Exide Life Elite Term Insurance plans provide high coverage at an affordable price. Premiums for Exide Life Elite Term Insurance plan offers attractive premium rates for women and non-smokers.

5. Tax Benefits: Under Exide Life Elite Term Insurance plan you can avail tax benefits as per tax laws under Section 80C and 10(10D) of the Income Tax Act, 1961. The death benefit receivable under this plan is also eligible for tax exemptions under the Income Tax Act, 1961.