Exide Elite Term Insurance Eligibility

No, policy loans are not available 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.

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. 

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

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.

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

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

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

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.