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3 Reasons to buy this plan

1 Guaranteed life cover
2 Guaranteed tax free maturity benefit
3 Life cover extension for 2 or 3 years*

* Subject to full premium payment for 2 or 3 years respectively.

Key Benefits

1. Guaranteed Maturity Benefit
You choose the sum assured at policy start. On end of the policy term, this sum assured is paid as maturity amount.
2. Guaranteed  Life cover
In case of unfortunate demise of life assured during the policy term, the sum assured amount is paid to the nominee immediately and the policy ends.
3. Life Cover Extension for 2 or 3 years

We understand that some time your changed financial priorities may not allow you to save. While you may pay premium again as soon as you can but your family's protection should not be compromised. So this plan automatically provides life cover for additional 2 or 3 years even if the premium is not paid.

If you have paid at least 2 annual premiums, policy life cover will continue for next 2 years from the date of first unpaid premium.

If you have paid at least 3 or more annual premiums, policy life cover will continue for next 3 years from the date of first unpaid premium.

4. Policy Loan
If you have paid 3 full premiums, you can avail loan against this policy to meet any urgent expenses.
5. Easy to sign up
It's quick, easy and simple to take this plan. No medicals required and very less documentation.
6. Income tax benefit
All premiums paid in this plan are free from income tax under section 80C and the maturity amount is free under section 10(10D).

How does the Plan Work?

35 year old Sanjay decides to save Rs. 9,000 p.a. in Exide Life Nirmal Jeevan for a policy term of 15 years. Based on his age, chosen premium and policy term, his sum assured is Rs 1,82,223.

nirmal_jeevan_insurance

Benefit Illustration

Sample illustration of the product

Age


(Years)
Policy
Term

(Years)
Annual
Premium

(Rs)
Sum
Assured

(Rs)
35 15 8000 1,61,976
35 15 10,000 2,02,470
40 12 8,000 1,18,519
40 12 10,000 1,48,148
50 10 10,000 1,10,840
50 10 12,000 1,33,008

Premium shown is exclusive of service tax, Assuming standard age proof

Key Features

Minimum / Maximum Age at Entry

Min: 3 years; Max: 55 years

Minimum / Maximum Maturity Age

Min: 18 years; Max: 70 years

Policy Term

10, 12 or 15 years

Premium Paying Term (PPT)

Equal to Policy Term

Annual Premium (Rs.)

6,000; 7,000; 8,000; 9,000; 10,000; 11,000; 12,000;

Payment Mode

Annual Only

For more details on risk factors, terms & conditions please read the sales brochure of products carefully before concluding a sale.UIN: 114N064V01.
Endowment assurance plan and policy to plan your future 
who should buy 
Who should buy?
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Who should buy?

Those who want to plan for their key future goals and need the benefit of life cover even if they are not able to pay premium on time.
key features 
Key Features
What is Exide Life Nirmal Jeevan Insurance Plan?

Exide Life Nirmal Jeevan Insurance helps you plan your family’s future with regular savings and guaranteed benefits.

(UIN:114N064V01)
key benefits 
Key Benefits
plan works 
How this plan works?
3 Reasons
to buy this plan
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