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What is Exide Life Wealth Maxima?

Your goals and responsibilities increase with every growing stage of life. No wonder, there is a need to invest to not only maximize your wealth but also ensure a strong financial foundation to realize your goals.

Presenting Exide Life Wealth Maxima, a Unit Linked Insurance Plan that not only helps make the most out of your wealth but also adapts to offer higher life cover at every new phase of life.

Key Features

Minimum Age at Entry Maxima Invest : 0 Years
Maxima Family & Maxima Child* : 18 Years
Maximum Age at Entry Maxima Invest : 65 Years
Maxima Family: 55 Years, Maxima Child : 50 Years
Maximum Age at Maturity Maxima Invest : 75 Years
Maxima Family: 70 Years, Maxima Child : 65 Years
Policy term 10, 15 to 20 Years
PPT Same as policy term
Premium payment frequency Annual, Half-Yearly, monthly**
Min. Premium Annual : ₹36,000
Semi Annual : ₹24,000
Monthly : ₹4,000
Top Up Premium Minimum : ₹6,000
Maximum : ₹7,80,000
Sum Assured For age till 44 : Annualized premium x 10
For age above 44 years : Annualized Premium x ( 7 or 10)
Top Up Sum Assured For age# below 45 years:1.25 times top-up premium
For age# 45 years or above: 1.1 times top-up premium
# The age here refers to age at which Top-up premium is paid.
*In case of Maxima Child, the nominee must be a minor child.(age at entry 0-17 years)
**For monthly mode, 3 monthly premiums will be required to be paid on the commencement of the policy.

Charges

A. Premium Allocation Charge:(as a percentage of premium)
Year Annual Half-Yearly and Monthly
1st 6.0% 4.75%
2nd to 5th Year 4.0% 3.25%
6th year onwards 2.5% 2.5%
B. Policy Administration Charges (as a percentage of premium)
Year Charges as a percentage of annual premium
1st - 5th year 0.20% per month
6th Year onwards 0.30% per month
The maximum policy administration charge is capped at ₹500 per month.
C. Fund Management Charge:

Fund Management Charge is a charge levied on a daily basis as a percentage of the value of assets held in the unit fund at the time of computation of the unit price. The Fund Management Charges applicable, at present, are as follows

Fund Name % of Fund Value (per annum)
Exide Life Prime Equity Fund 1.35%
Exide Life Growth Fund 1.25%
Exide Life Balanced Fund 1.25%
Exide Life Secure Fund 1.00%
Exide Life Preserver Fund 1.00%
Exide Life Active Asset Allocation Fund 1.35%
The maximum Fund management charge is capped at 1.35%
D. Charges on Partial Withdrawal / Fund Switching / Re-direction: Nil

Funds available under this product

Fund Name Debt – Equity Mix Objective Risk
Classification
Exide Life Active Asset Allocation Fund Debt: 0% to 80%
Equity: 20% to 100%
To provide long term capital appreciation in a risk controlled manner by making clear and active asset allocation choices between Equities, Bonds and Money Market High
Exide Life Prime Equity Fund Debt: 0% to 10%
Equity: 90% to 100%
To provide for equity linked market returns High
Exide Life Growth Fund Debt: 0% to 60%
Equity: 40% to 60%
To provide opportunity for high growth Medium
Exide Life Balanced Fund Debt: 0% to 80%
Equity: 20% to 40%
To provide for higher growth with reasonable security Medium
Exide Life Secure Fund Debt: 0% to 90%
Equity: 10% to 20%
To provide for growth with low risk Low
Exide Life Preserver Fund Debt : 75% to 100%
Equity: 0%
To provide safety and growth with minimum risk Low

Key Benefits

A. 3 Plan options to suit your life stage needs

Exide Life Wealth Maxima offers 3 plan options with different levels of life cover. You can increase your life cover in same plan by moving from one plan option to another.
Key benefits of ULIP plans

  • Maxima Invest: In this option,

    Life Cover = Higher of ( 10 times the
    Annalized Premium
    or Fund Value )
  • Maxima Family: In this option,

    Life Cover = 10 times* the Annualized Premium + Fund Value

  • Maxima Child: In this option, in addition to life cover being paid immediately, you get additional benefit of premium funding.
    Life Cover Amount
    Paid Immediately
    = 10 times the
    Annualized Premium

    Premium Funding: All future premiums are funded by the company on your behalf so that the plan still continues till maturity. On maturity, the fund value is paid to the beneficiary.
*For entry age of 45 years and above, you can choose life cover of 7 times the annualized premium. Life Cover can never be less than 105% of the premiums paid.
B. Maturity Benefit

On completing the policy term, the fund value as on maturity date is paid as the maturity benefit.

Fund Value as on
maturity date
= Unit price as on
maturity date
X Number
of Units
C. Investment strategies to suit your investment style

1. Choose from 6 fund options:

Fund name Debt – Equity Mix Risk Level
Exide Life Active Asset Allocation Fund Debt: 0% to 80%
Equity: 20% to 100%
High
Exide Life Prime Equity Fund Debt: 0% to 10%
Equity: 90% to 100%
High
Exide Life Growth Fund Debt: 0% to 60%
Equity: 40% to 60%
Medium
Exide Life Balanced Fund Debt: 0% to 80%
Equity: 20% to 40%
Medium
Exide Life Secure Fund Debt : 0% to 90%
Equity: 10% to 20%
Low
Exide Life Preserver Fund Debt : 75% to 100%
Equity: 0%
Low

2. Systematic Transfer Plan: This strategy ensures equity exposure in a systematic manner. Allocated Premium is invested in Exide Life Preserver fund and starting immediately and thereafter, on every monthly anniversary, pre-defined proportion of Fund Value is transferred from Exide Life Preserver Fund to Exide Life Prime Equity fund.
Investments Investment Options Ulip Plans

3. Automatic Asset Rebalancing Strategy: The Automatic Asset Rebalancing Strategy feature automates the percentage of equity exposure your investments should have over the policy term- high in start of the policy and then gradually decreasing to conserve the fund value as you approach your goal on policy maturity.

No. of years to maturity Exide Life Prime Equity Exide Life Preserver
20 90% 10%
15 – 19 80% 20%
10 – 14 60%
40%
5 – 9 40% 60%
0 – 4 20% 80%
D. Benefit from Top - Ups

This plan allows you to invest surplus money as top- up, whenever you want to.

(Not allowed in last 5 Policy years)
E. Loyalty Benefit
This plan offers loyality additions at the end of 10th,15th and 20th policy years if base annualized premium paid is ₹72,000 or more.

Loyalty
Additions
= 2% of ( Fund Value
on last business day
of current year
+ Fund Value on last business day of previous year ) /2
F. Tax savings

This plan offers tax benefits* on premiums paid under section 80C and on maturity amounts under section 10(10D )

(*For entry age of 45 years and above, tax benefit may be limited if life cover is 7 times the annualized premium.)

How does the Plan Work?

30 year old Arun has a 1 year old daughter and wants to save ₹20 Lacs for her higher education. He saves ₹5,000 p.m. in Exide Life Wealth Maxima for 20 years. He opts for Maxima Child variant and invests in Exide Life Active Asset Allocation Fund. Unfortunately he meets with an accident in 5th policy year and does not survive. This Plan offers following financial benefits to the family:

How does ULIP investment plan works
Premium mentioned is inclusive of service tax

4 Reasons to buy this plan

1 3 plan options to suit your life stage needs
2 Comprehensive life cover
3 3 investment strategies to suit your risk appetite
4 Systematic investment option to benefit from equity markets
Exide Life Wealth Maxima UIN: 114L079V01. Exide Life Insurance Company Limited is a wholly owned subsidiary of Exide Industries Limited. The trademark “Exide” is owned by Exide Industries Limited and licensed to Exide Life Insurance vide Trademark license agreement dated 30th October 2014. Exide Life Insurance Company Limited (Formerly known as ING Vysya Life Insurance Company Limited). IRDAI Registration number: 114, CIN: U66010KA2000PLC028273, Registered Office: 3rd Floor, JP Techno Park, No.3/1, Millers Road, Bengaluru - 560 001; Toll Free: 1800 419 8228; Visit: exidelife.in.
Exide Life Wealth Maxima
Who should buy?
X

Who should buy?

This plan is suitable for investors looking for efficient wealth creation options and want to ensure higher financial protection for their family as their responsibilities grow.
>
What is Exide Life Wealth Maxima?

Your goals and responsibilities increase with every growing stage of life. No wonder, there is a need to invest to not only >>

(UIN:114L079V01)
Key benefits of ULIP investment plan
Key Benefits
How does ULIP plans work
How this plan works?
4 Reasons
to buy this plan
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