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Exide Elite Term Insurance Eligibility

6 reviews Rate This
Highlights
Claim Settlement Ratio98.54%
Customer Care9:00 AM to 7:00 PM
Death Benefit Paid For3,404 Policies
Inception2001
Presence200+ Offices
Total Death Benefit PaidRs. 88.95 Crore

Exide Life Elite Term Insurance Plan Features

Below mentioned are some key features of Exide Life Elite Term Insurance plan:

  • High coverage at an affordable price
  • Multiple death benefit payout option
  • Option to choose family income payout for 5 or 10 years
  • Flexibility to extend the policy term by 5 or 10 years

Exide Life Elite Term Insurance Plan Eligibility Criteria

Below mentioned is the eligibility criteria for Exide Life Elite Term Insurance plan:

Exide Life Elite Term Insurance Plan Eligibility Criteria

Parameters

Eligibility

Minimum Entry Age

21 years

Maximum Entry Age

60 years

Maximum Maturity Age

70 years and 80 years if choose to extend your policy term

Policy Term

10 - 40 years

Extended policy term - Maximum policy term +5/10 years

Premium Payment Term

Same as policy term

Minimum Sum Assured

INR 50 Lakhs

Maximum Sum Assured

No limit

Premium Payment Mode

Monthly, half - yearly and yearly
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Key Inclusions and Exclusions of the Plan

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 Reviews

4.5
Rating based on
6 User reviews
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What users are saying
  • All
  • Transparent Premium Structure

    I appreciate the transparency in how InsuranceDekho structures its term insurance premiums. The Exide Term Insurance- Elite Term  Insurance Plan provide clear explanations of premium calculations, ensuring that policyholders understand their costs and there are no hidden fees.

    Read More

    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. I filed a claim for the Exide Term Insurance- Elite Term  Insurance Plan at InsuranceDekho’s website. I must say that the claim was settled without any hassles and before the anticipated time. I am very impressed with InsuranceDekho’s services. 

    Read More

    S
    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 affordable premium and offers me many coverage benefits that I wanted under my policy. Thanks to InsuranceDekho for suggesting me as well as helping me buy this policy within 5 minutes. 

    Read More

    S
    By Suresh kalra
    On: Aug 16, 2023
  • Distinctive feature

    The Exide Term Insurance- Elite Term  Insurance Plan on InsuranceDekho provided me with the best information. InsuranceDekho's website had various distinctive features that were very easy to understand and made the facts more clear and more understandable. These features made me more clear about what I actually require according to my needs and understanding. I am very satisfied with the result.

    Read More

    U
    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 need to think twice because of its services. It keeps everything confidential and there is no chance of fraud. While taking Exide Life Term Insurance- Elite Term Insurance Plan, they offered me the safest payment option.

    Read More

    P
    By Pihu Kashyap
    On: Jun 29, 2023
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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.

  • What are the features of Exide Life Elite Term Insurance plan?

    Exide Life Elite Term Insurance plan is a pure protection plan, this plan has multiple death benefit payout options such as lump sum, family income payout and lump sum with family income payout. Under this plan you get an option to extend your policy term by 5 or 10 years. This plan offers a high sum assured at an affordable price.

  • 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. 

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