• 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/
    • Five types of assets you must include while making a Will

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

Five types of assets you must include while making a Will

  • Min
  • Views

A Will is the foundation of a robust financial plan that safeguards your life’s worth of hard work while also protecting the future of your loved ones. A Will is a legal document in the form of declaration in which a person disposes his or her property or estate according to his or her wish after death and in some cases when alive. Making a Will is one of the most important decisions of your life and hence, it is imperative that you are well informed and take the right steps.

If you are wondering how to get started or unsure about what needs to be included in the Will, here is a list of assets you must take note of in your Will:

joint term life insurance or individual

If you’re shying away from making a Will because you’re unsure about what you need to include in it, we have you covered. Here’s a list of assets you must take note of in your will:

    1Real Estate

    When it comes to real estate, it is advisable to list down all the specifics of every piece of land you own and how it will be divided between your legal heirs. If you wish to donate the properties, it’s best to include details on who you would like to donate it to. If you share your primary residence with your spouse and children, mention how they can divide the ownership. If any property is still under mortgage, specify in the Will how you want the mortgage to be managed.

    2Investments

    The various investments you hold in the form of stocks, mutual funds, insurance, pension funds etc., must be attached in your Will with clear guidelines on how it must be distributed. You can allot these individually or in group and grant them among your heirs. Further, it’s advisable to mention clearly the percentage of share you wish to grant to your heirs in any business that you own fully or partly. This will ensure effortless transition in ownership and avoid possible disputes between your heirs. You can also have a conversation about this with your heirs to check if any of them are interested in running your business.

    3Personal possessions

    Jewelry, vehicles, antiques and other objects of value are not just expensive in terms of the money spent but also have a sentimental value attached to them. Make sure you divide them carefully among your beneficiaries when you include them in your Will.

    4Money

    Apart from cash, it is also essential to designate nominees for your bank accounts and update the beneficiaries for other financial instruments such as life insurance plans and mutual fund schemes. If any money needs to be spent from these accounts for medical expenses, funeral or on outstanding debt, make its source transparent and mention it explicitly. You can also earmark in your Will any sum of money that you want to donate to charities or any social cause from these accounts.

    5Debt

    To avoid passing on the burden of any of your personal debt to your heirs, make sure you clearly set aside the appropriate amount of money in your Will stating how much should be used, on what kind of expenses and the amount of debt that needs to be repaid. Also mention the order in which the debt is to be cleared to eliminate any confusion or additional stress.

    Writing a Will can seem like a daunting task, but it is absolutely essential to secure your family in case of an unfortunate event.

Savings and Investments
  • 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 Wealth Maxima - a ULIP Plan

Presenting Exide Life Wealth Maxima, a Unit Linked Insurance Plan that helps you make the most out of your wealth.

Buy Now

You may also like this

Exide Life Wealth Maxima - a ULIP Plan

Presenting Exide Life Wealth Maxima, a Unit Linked Insurance Plan that helps you make the most out of your wealth.

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