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What is Exide Life New Fulfilling Life?

As a devoted family person you will have various needs and responsibilities like fulfilling your family’s short term and long term aspirations, and ensuring that they stay protected even when you are not around.

Exide Life New Fulfilling Life is a comprehensive plan that will help you fulfill all your responsibilities with regular money back for your intermediate needs, tax free wealth and life cover for a long period.

4 Reasons to buy this plan

1 Life Cover till age 85
2 Tax Free Wealth creation
3 Get Money Back as you pay premium
4 Consistent Bonus Track Record

Key Benefits

1. Life Cover till age 85
In this plan you can choose to pay for a few years (12, 16, 20 or 24 years) while your life cover continues till the age of 85. In case of an unfortunate event, your family gets a guaranteed pay out immediately, which will be highest of the following:
- 10 times the annual premium + Accumulated Bonuses
- Sum Assured + Accumulated Bonuses
- 105% of the premiums paid
2. Tax Free Wealth Creation
You are eligible for bonuses from the first year of policy till the age of 85, irrespective of the premium payment term chosen. A tax free lump sum amount equal to sum assured and accumulated bonuses will be given on maturity.

You save tax on premiums paid under section 80C and on benefit amounts under section 10(10D) of the Income Tax Act.
3. Get Money Back as you pay premium
You start getting guaranteed money backs within a few years of starting the policy. The money backs will equal your sum assured and will be paid over 4 installments as shown in the table below.

Year of Money back will depend on the Premium Payment Term chosen
Premium Payment Term (PPT) chosen 1st Money Back
= 20% of
Sum Assured
2nd Money Back
= 20% of
Sum Assured
3rd Money Back
= 20% of
Sum Assured
4th Money Back
= 40% of
Sum Assured
If PPT 12 years 3rd year 6th year 9th year 12th year
If PPT 16 years 4th year 8th year 12th year 16th year
If PPT 20 years 5th year 10th year 15th year 20th year
If PPT 24 years 6th year 12th year 18th year 24th year

4. Consistent bonus track record
Since its launch this plan has shown a consistent bonus track record. Bonus is added into policy as a percentage of the sum assured.
Year 2014 2013 2012 2011 2010 2009 2008 2007 2006
Bonus Rate 7.5% 7.5% 7.5% 7.5% 7.5% 6% 7.5% 7.5% 7.5%

How this plan works?

30 year old Rajan saves ₹1,00,000/- p.a. for 12 years in Exide Life New Fulfilling Life. He gets a sum assured of ₹8,22,744/-. The benefits from the plan are shown below.

Exide Life - Investment Plan

Premium mentioned is exclusive of service tax

Benefit Illustration

Sample illustration of the product

Age


(Years)
Policy
Term

(Years)
Premium
Payment

Term (Years)
Annual
Premium

(₹)
Sum
Assured

(₹)
Maturity Value
(₹) if fund grows

@ 8% p.a.
Maturity Value
(₹) if fund grows

@ 4% p.a.
35 Till age 85 12 1,04,552 8,00,000 48,40,000 8,00,000
35 Till age 85 16 52,172
5,00,000
30,25,000
5,00,000
35 Till age 85 20 80,888 10,00,000
60,50,000 10,00,000
35 Till age 85 24 1,01,227
15,00,000
90,75,000
15,00,000

Premium shown is exclusive of service tax

Key Features

Minimum / Maximum Entry Age

15 to 50 years (For PPT 12,16, or 20 years)
15 to 46 years (For PPT 24 years)

Maximum Premium Ceasing Age

70 years

Policy Term

Till age 85 years

Premium Paying Term (PPT)

12, 16, 20 and 24

Minimum Premium

For PPT 12 years : ₹24,000/-
For PPT 16,20,24 years : ₹12,000/-

Maturity Benefit

Sum Assured + Accumulated Bonuses

Life Cover

Highest of following:
- 10 times the annual premium + Accumulated Bonuses
- Sum Assured + Accumulated Bonuses
- 105% of premiums paid

Modes of premium payment

Annual, Monthly

Exide Life New Fulfilling Life UIN: 114N024V02. For more details on risk factors, terms and conditions, please read the sales brochure of the product carefully before concluding a sale.
Exide Life - Money Back Plan 
Who should buy a long term investment plan
Who should buy?
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Who should buy?

This plan is suitable for those looking for long term financial protection through guaranteed money backs.

Key Features of long term investment plan Key Features
Key Features
What is Exide Life New Fulfilling Life?

This plan helps you build wealth while ensuring financial security to your family. >>

(UIN:114N024V02)
Key Benefits of a long term investment plan Key Benefits
Key Benefits
How this long term investment plan works How this plan works?
How this plan works?
4 Reasons
to buy this plan
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