• About Us
  • Our Partners
  • Become an Advisor
  • NRI
  • QROPS
  • Careers
  • Alumni Portal
  • Public Disclosures
Select a language English
  • Pay Premium
  • COVID-19
    Assistance
    Covid-19 Crisis
  • Our
    Products
    • Protection Plans
    • Savings & Investments
    • Retirement & Pension
    • Group Business
    • QROPS
    Covid-19 Crisis
  • Our
    Funds
    • Fund Fact Sheet
    • Market Review
    • Check NAV
    • Market Highlights
    • Annual Fund Review 2020-21
    • Covid-19 Crisis
  • Knowledge
    Center
    • Blogs and Articles
      Term Insurance early bird offer

      With Term Insurance - It pays to be an early bird

      View All

    • Video library
      keep your family secured

      60 seconds is all it takes to keep your family secured!

      View All

    • FAQ

      What is the claims process at Exide Life Insurance?

      View All

  • Planning
    Tools
    • Calculate How Much
      Life Cover You Need
    • Risk Analyser
      Life Insurance
    • Child Education Planner
      Number
    • Know Your Retirement
      Number
    • Investment
      Calculator
  • Customer
    Service
    • Premium Payment Options
    • Self Service

    • Instant sign-up for Auto Debit
    • All Claims
    • Download Center
    • Term Insurance early bird offer

      Track your Application

    • Term Insurance early bird offer

      Track your
      Claim

    • Track your Service Request

Eng
Pay Premium
  • Our Products
  • Our Funds
  • Knowledge Center
  • Planning Tools
  • Customer Service
  • About Us
  • Our Partners
  • Become An Advisor
  • NRI
  • QROPS
  • Careers
  • Alumni Portal
  • Public Disclosures
  • Share via:
    • Home/
    • Our Funds /
    • Knowledge Center/
    • Blogs and Articles/
    • Are you an it professional here is why you need term life insurance

  • Categories:
  • Term Plan
  • Health Plan
  • Savings and Investments
  • Retirement
  • Tax Planning
  • Services
  • All

Are You An IT Professional? Here’s Why You Need Term Life Insurance

  • Min
  • Views
  • Term insurance adequately covers the needs of the professionals in the field of IT
  • Optional riders can provide additional coverage from the financial liabilities that may arise out of the hectic lifestyles these professionals lead
  • Premiums paid for term life insurance are eligible for tax benefits under Section 80C of the Income Tax Act 1961
MAR_DI_186

Professionals working in the Information Technology (IT) field, are an envied lot, the reason being excellent infrastructure in the workplace and a hefty pay package. Many people aspire to join their club in the pursuit of a better lifestyle. All of this is true, but it is a known fact that the life of an IT professional is extremely stressful. Long working hours, tight deadlines and demanding projects take their toll on the individual rather quickly.

The Pay Factor
A career as an IT professional almost always ensures a high compensation package. People joining this workforce are mostly young, focused and determined individuals who aspire to lead a higher standard of living. Confident and assured of their high income, most of them go on to take loans for the purchase of a home, car, etc.
These purchases immediately expose the professional and his/her family to financial risk. The loss of the sole breadwinner of the family would cause the dependent family members face financial hardships. In such cases, a term life insurance policy could potentially cover most, if not all of the financial liabilities.

Benefit of Riders

The fast lifestyle and long hours at work coupled with looming deadlines means that the work environment is stressful. Given that majority of the professional’s day is spent in this stressful situation, it could lead to chronic illnesses.* A Critical Illness Rider can be extremely useful in this situation, as it provides a cover for up to 25 critical illnesses including heart attack and cancer. A lump sum amount of the rider sum assured is paid to the insured, if he/she is diagnosed with any of the covered illnesses.

  • Save Tax!

Premiums paid on life insurance policies are eligible for tax benefits u/s 80C of the Income Tax Act, 1961. The maximum amount eligible for deduction from taxable income under this section is ₹1.5 lakh. Under Section 80D, you can claim a deduction up to ₹25,000 for medical insurance premium installments, per budgetary year.

Even the pay-out that your family members will get in the unfortunate event of your demise will be tax-free under Section 10(10D) of the Income Tax Act 1961.

With these benefits in place, term life insurance plans are an essential financial tool for you and your family. Exide Life Insurance offers term plans that are affordable and come with the reinstatement feature. Head to our website to get a quick quote and stay protected.

*https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3341916/


Term Plan
  • Likes
  • Shares

Connect with us

Name is a required field
Age is a required field
Gender is a required field
City is a required field
Email is a required field
Mobile is a required field
You have exceeded the number of times an OTP can be generated, request you to please try after sometime.
I have read and agree to the disclaimer

Disclaimer


By submitting your contact details (Telephone number), you authorize Exide Life Insurance and/or its authorized service provider to verify the above information and/or contact you in relation to the insurance products sold by Exide Life insurance even if this telephone number is presently or subsequently registered on the Provider. Do Not Call/Do Not Disturb Register or the National Do Not Call Register.

Enter the OTP which was sent to your number

Please enter new Mobile
OTP is a required field
You have exceeded the number of times an OTP can be generated, request you to please try after sometime.
Submit Change Mobile Resend OTP

*The OTP will be valid only for the next 15 minutes. In case, if you have not received the OTP, click on Resend OTP.

Verification Successful

Thank you for visiting our website and showing interest in Exide Life Insurance. Our representative will get in touch with you shortly.

Back To Home

Related Articles

Related Articles

Related Videos

Related Videos

You may also like this

Exide Life Smart Term Plan

With Exide Life Smart Term Plan, get life cover benefit along with the return of premium at the end of policy term.

Buy Now

You may also like this

Exide Life Smart Term Plan

With Exide Life Smart Term Plan, get life cover benefit along with the return of premium at the end of policy term.

Buy Now

Connect with us

Name is a required field
Age is a required field
Gender is a required field
City is a required field
Email is a required field
Mobile is a required field
You have exceeded the number of times an OTP can be generated, request you to please try after sometime.
I have read and agree to the disclaimer

Disclaimer


By submitting your contact details (Telephone number), you authorize Exide Life Insurance and/or its authorized service provider to verify the above information and/or contact you in relation to the insurance products sold by Exide Life insurance even if this telephone number is presently or subsequently registered on the Provider. Do Not Call/Do Not Disturb Register or the National Do Not Call Register.

Enter the OTP which was sent to your number

Please enter new Mobile
OTP is a required field
You have exceeded the number of times an OTP can be generated, request you to please try after sometime.
Submit Change Mobile Resend OTP

*The OTP will be valid only for the next 15 minutes. In case, if you have not received the OTP, click on Resend OTP.

Verification Successful

Thank you for visiting our website and showing interest in Exide Life Insurance. Our representative will get in touch with you shortly.

Back To Home

Connect with us

Name is a required field
Age is a required field
Gender is a required field
City is a required field
Email is a required field
Mobile is a required field
You have exceeded the number of times an OTP can be generated, request you to please try after sometime.
I have read and agree to the disclaimer

Disclaimer


By submitting your contact details (Telephone number), you authorize Exide Life Insurance and/or its authorized service provider to verify the above information and/or contact you in relation to the insurance products sold by Exide Life insurance even if this telephone number is presently or subsequently registered on the Provider. Do Not Call/Do Not Disturb Register or the National Do Not Call Register.

Enter the OTP which was sent to your number

Please enter new Mobile
OTP is a required field
You have exceeded the number of times an OTP can be generated, request you to please try after sometime.
Submit Change Mobile Resend OTP

*The OTP will be valid only for the next 15 minutes. In case, if you have not received the OTP, click on Resend OTP.

Verification Successful

Thank you for visiting our website and showing interest in Exide Life Insurance. Our representative will get in touch with you shortly.

Back To Home
  • Key Links

  • Buy Online
  • Buy Guaranteed Returns Insurance Plan
  • Buy Zero Cost Term Insurance
  • Buy Term Plan with Return of Premiums
  • Buy Heart & Cancer Insurance
  • Buy Single Premium ULIP Plan
  • Buy Investment with Insurance Plan
  • Buy Savings cum Insurance Plan
  • Buy 5 Pay Savings Plan
  • Buy Unit Linked Pension Plan
  • Buy Simple & Affordable Term Plan
  • Buy Guaranteed Income Benefit Plan
  • Get a Quick Quote
  • Term Plan Calculator
  • Financial Calculator
  • Have Queries?
  • To Buy Policy Online : 1800 419 0808
  • For Policy Servicing : 1800 419 8228
  • Write to Us
  • Life Insurance Plans
  • Smart Term Pro
  • Smart Term Edge
  • Saral Jeevan Bima
  • Term Insurance Comparison
  • Critical Illness Insurance
  • Term Riders
  • Retirement & Pensions
  • QROPS
  • Health Insurance
  • Critical Illness Rider
  • Group Insurance Scheme
  • Group Insurance Policy
  • Group Term Life Insurance
  • Group Gratuity Scheme
  • Group Critical Illness Insurance
  • Investment Options
  • Endowment Plans
  • Endowment Assurance Plan
  • Secured Income Insurance Plan
  • Long Term Investment
  • Tax Savings Investments
  • Single Premium ULIP Plan
  • Child Plans
  • Child Investment Plans
  • Customer Service
  • Track your Application
  • Track your Service Request
  • Register for Auto Debit
  • Claims
  • Claim Forms
  • Track your Claim
  • Check Unclaimed Amount
  • About Us
  • Management Team
  • Media Centre
  • Awards and Recognition
  • Corporate Social Responsibility
  • Forms
  • My Money Book
  • FAQs
  • Term Insurance FAQs
  • Online Term Insurance FAQs
  • Life Insurance FAQs
  • Retirement & Pension FAQs
  • Child Plans FAQs
  • Savings and Investments FAQs
  • Blogs and Articles
  • Video Library
  • Security Tips
  • Privacy Policy
  • Tax Center
  • Withdrawn Products
  • Sales Illustrator
  • My Connect
  • About E-insurance
  • Terms of Use
  • New Business Premium
  • IRDAI
  • policyholder.gov.in
  • Member of the Life Insurance Council
  • IRDAI IGMS
  • Modification in NAV Computation
  • Grievance Redressal
  • Disclaimer
  • DNC (Do Not Call)
  • Intellectual Property Rights
  • Phishing
  • API & Development
  • HDFC Life

IRDAI notice : Beware of Spurious/ Fraud Phone Calls: IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Exide Life Insurance Company Limited.
IRDAI Registration Number: 114, CIN:U66010MH2000PLC377660
Registered Office: First Floor, Unit No.5 to 8, Inizio Building, Opp P&G Plaza, Cardinal Gracious Road, Chakala, Andheri East, Mumbai – 400 099, India
Corporate Office: Third Floor, JP Techno Park, No. 3/1, Millers Road,
Bangalore- 560 001, India.
2022 Exide Life Insurance Company Limited. All rights reserved.

  • IRDAI Public Notice on Spurious Calls
  • Sitemap
  • FAQ
  • © 2022 Exide Life Insurance Company Limited
loading

Please rotate your screen for
optimal experience

    • Share via:
Buy Online :
  • Smart Term Edge
  • Single Premium ULIP
  • Locate a Branch
  • Service Queries
  • Speak to our Expert
  • Smart Term Edge
  • Single Premium ULIP
  • Locate
  • Speak to our Expert
  • Buy

Have Us Call You

Disclaimer


By submitting your contact details (Telephone number), you authorize Exide Life Insurance and/or its authorized service provider to verify the above information and/or contact you in relation to the insurance products sold by Exide Life insurance even if this telephone number is presently or subsequently registered on the Provider. Do Not Call/Do Not Disturb Register or the National Do Not Call Register.

Please enter first name
Please enter a valid Birth date
Please enter a valid email id
Please enter mobile number Please enter valid number
Please select gender
Please select state
Please select city
Please select best date to call
Please select best time to call
Please select Preferred purchase mode
Please select Where did you find about us
Disclaimer Disclaimer
Generate OTP Reset

*Clicking on Generate OTP will send a One Time Password to the entered Mobile Number. Please use this password for verification

Enter the OTP which was sent to your number

Please enter OTP Please enter correct OTP or Regenerate OTP Your OTP has expired. Please Regenerate OTP.
Submit Please wait Re-generate OTP
You have exceeded the number of times an OTP can be generated, request you to please try after sometime.
OTP Regenerated. Please enter the new OTP
*The OTP will be valid only for the next 15 minutes. In case, if you have not received the OTP, click on Regenerate OTP.

Have Us Call You

Verification Successful

Thank you for visiting our website and showing interest in Exide Life Insurance. Our representative will get in touch with you shortly.

 

Back To Home