Serving over 15 lakh customers in over 200 cities in India.

Call Us (Toll Free) 1800 _419 _8228
X
Loading...
Have a Query ?
Are you an existing customer?

Contact me via

Mandatory Fields Disclaimer XBy sharing your details, you are authorizing an Exide Life Insurance representative to contact you.
Last Visits
Loading...
X

What is Exide Life Group Illness Rider?

In these days of increasing stress, health is a major concern for all of us. As an employer, keeping your employees financially secured against major Critical Illnesses can be of huge mutual interest.

Presenting Exide Life Group Illness Rider – it has been designed to offer an enhanced financial protection for your employees in case they suffer from any Terminal Illness or the covered Critical Illnesses during the policy term. This rider pays out the chosen percentage of the Rider Sum Assured on the diagnosis of the Critical Illness and/or Terminal Illness. This can help tide over immediate medical expenses or maintain your life style in case regular income source is disturbed.

This product can be attached to existing Exide Life Group Term Life Product only. On start of this rider, you have to choose what percentage of the sum assured will be paid on diagnosis of the covered critical illnesses.

3 Reasons to buy this plan

1 Critical illness and terminal illness benefit for all employees in one policy
2 Up to 25 critical illnesses covered
3 Flexibility to add or delete employees any time in the policy year

Key Benefits

1. Protection against up to 25 critical illness

At any time during the policy term, in case an employee is diagnosed with any of the Covered critical illnesses, a lump sum amount equal to chosen percentage of sum assured subject to a maximum of 50 lacs is paid. This amount can help in managing the medical expenses without affecting one’s savings. The cover for the base Plan continues for the balance Sum Assured.

This plan gives an option to get protected against only 4 or 10 critical illness as well.

Critical Illness conditions covered under this Plan:

Option A: CI Benefit:

The insured Critical Illnesses conditions for the CI rider are as below;

Option A1: CI - 4
1. Cancer of Specified Severity 3. Open Chest Coronary Artery Bypass graft
2. First Heart Attack of Specified Severity 4. Stroke Resulting in Permanent Symptoms
Option A2: CI - 10
1. Cancer of Specified Severity 6. Major Organ/ Bone Marrow Transplant
2. First Heart Attack of Specified Severity 7. Benign Brain Tumor
3. Open Chest Coronary Artery Bypass graft 8. Permanent Paralysis of Limbs
4. Stroke Resulting in Permanent Symptoms 9. Coma of Specified Severity
5. Kidney Failure Requiring Regular Dialysis 10. Total Blindness
Option A3: CI - 25
1. Cancer of Specified Severity 14. Motor Neurone Disease with Permanent Symptoms
2. First Heart Attack – of specified severity 15. Multiple Scelerosis with Persisting Symptoms
3. Stroke resulting in Permanent Symptoms 16. Aplastic Anaemia
4. Open Chest Coronary Artery Bypass graft 17. End Stage Lever Disease
5. Kidney Failure Requiring Regular Dialysis 18. Chronic lung disease
6. Major Organ/ Bone Marrow Transplant 19. Alzeihmer Disease
7. Benign Brain Tumour 20. Parkinson's disease
8. Permanent Paralysis of Limbs 21. Loss of speech
9. Coma of Specified Severity 22. Major Head Trauma
10. Total Blindness 23. Primary Pulmonary Hypertension
11. Major Burns 24. Systemic Lupus Erythematosus with Lupus Nephritis
12. Heart Valve Surgery 25. Apallic Syndromes
13. Surgery of Aorta
2. Terminal Illness Benefit option

With this option, in case of a terminal illness, an employee can choose to receive 50%/100% of sum assured subject to a maximum of 50 lacs is paid and balance to be paid after life assured demise.

3. Easy to sign up single master policy

All the members can be covered under one Master Policy. Underwriting guidelines are simplified and no medical required till certain life cover amounts

4. One year renewable plan

You pay premium for benefits for one year after which you can renew the plan.

5. Tax Benefits

The Company buying the policy (Master Policy Holder) can save income tax on the premium paid under the Income Tax Act, 1961.

How this plan works?

Raj works for a textile firm called Best Garments Limited. His company has provided Critical Illness Cover through Exide Life Group Illness Rider of 10 Lacs for him. Unfortunately he experienced heart attack and had to go through heart valve surgery costing 12 Lacs. He received an amount of 10 Lacs from Exide Life Insurance the day he was diagnosed with the ailment. This helped him get the surgery done in the best hospital and kept his savings intact.

Key Features

Minimum / Maximum Age at Entry Minimum Age
Critical Illness – 18 years
Terminal Illness – 18 years
Maximum Age
Critical Illness – maximum entry age is 65 years
Terminal Illness – maximum entry age is 79 years
Rider Cover Ceasing Age 66 years (for Critical Illness Benefit)
80 years (for Terminal Illness Benefit)
Sum Assured (min) 1,000 per member
Premium Payment Frequency Annual
Sum Assured (max) For Critical Illness:
Lower of 50 lakhs or 100% of the Sum Assured of the base policy.
For Terminal Illness :
Lower of 50 lakhs or 100% of the Sum Assured of the base policy
Policy Term 1 year
Premium Payment Term Single
Minimum Group Size For Employer-Employee Group: 10 members
For Non-Employer-Employee Group: 50 members
Maximum Group Size No limit.(as applicable to the base policy to which the rider is attached)
Disclaimer:
UIN: 114B010V01. For more details on risk factors, terms and conditions, please read the terms and conditions document of the product carefully before concluding the sale. Tax benefits are subject to change in tax laws from time to time. ARN:EXL/2015-16/ONLINE/023
Exide Life Group Term Life Solutions 
Who should buy
Who should buy?
X

Who should buy?

Employers who want a single, easy to sign up plan to ensure financial protection for their employees against critical illness or terminal illness in one policy.
Key Features
Key Features
What is Exide Life Group Illness Rider?

In these days of increasing stress, good health is a major concern for all of us. As an employer,   >>

(UIN:114B010V01)
Key benefits
Key Benefits
How does plan work
How this plan works?
3 Reasons
to buy this plan
X
Interested? Have us call you!

Please enter Name

Please enter valid Email ID

Continue

Mandatory Fields Disclaimer XBy sharing your details, you are authorizing an Exide Life Insurance representative to contact you.
Retirement Plan
Human Life Value
Calculate how much
life cover you need
My Life
exide Life Mobile App
Exide Life Insurance Mobile