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What are Exide Life Group Term Life Solutions?

Exide Life Group Term Life Solutions have been designed to offer a comprehensive life insurance cover to your valuable employees at an affordable cost. This helps in increasing the economic security of employees, and in doing so, improve employee retention across the organization.

4 Reasons to buy this plan

1 Life cover for members at affordable premiums
2 Easy to sign up one master policy
3 One year renewable plan
4 Tax benefits for the master policy holder

Key Benefits

1. Life Cover for members
At any time during the policy term, in case of unfortunate event, the life cover amount is paid to the family of the member. This protection benefit comes at affordable premiums.
2. 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.
3. One year renewable plan
You pay premium for benefits for one year after which you can renew the plan.
4. Tax Benefits for the master policy holder

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

How this plan works?

Pinnacle Pvt. Ltd opted for Exide Life Group Term Life Solution and covered all its 1000 employees for a life cover of Rs. 30 Lacs per employee. Vikram whose monthly expenditure is approximately Rs. 30,000/- was one of the employees covered. In case of his unfortunate demise, his family will be paid Rs 30 Lac by Exide Life Insurance. This money would act as an income replacement and help Vikram’s family sustain their life style even if their income has got impacted.

Key Features

Minimum / Maximum Age at Entry For Employer – Employee Cases: 18 years – 79 years
For other cases: 18 – 69 years
Maximum Maturity Age In case of Employer – Employee policies : 80 years
In case of other policies : 70 years
Policy Term 1 year renewable term
Premium Payment Frequency Annual, Half-yearly, Quarterly and Monthly
Minimum Sum Assured Rs 5,000 per member
Minimum Group Size For Employer – Employee Cases:10 members
For other cases: 50 members
Maximum Group Size No Limit
Disclaimer:
UIN: 114N012V02. 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.

Exide Life Insurance Company Limited (Formerly known as ING Vysya Life Insurance Company Limited), IRDA Registration Number: 114, CIN: U66010KA2000PLC028273. Registered Office: 3rd Floor, JP Techno Park, No. 3/1, Millers Road, Bangalore- 560 001, India. Toll Free: 1800 419 8228; Phone: 080 – 25328000; Visit exidelife.in URN: EXL/ONLINE/2014/146

Beware of spurious phone calls and fictitious/fraudulent offers: IRDA clarifies to public that IRDA or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDA does not announce any bonus, public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.
Exide Life Group Term Life Solutions 
Who should buy
Who should buy?
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Who should buy?

Anyone who wishes to ensure their families financial goals are well protected and fulfilled
Key Features
Key Features
What are Exide Life Group Term Life Solutions?

Exide Life Group Term Life Solutions have been designed to offer a comprehensive life insurance   >>

(UIN:114N012V02)
Key benefits
Key Benefits
How does plan work
How this plan works?
4 Reasons
to buy this plan
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