Name: Group Term Life Insurance Plan
Brand: Exide Life Insurance
Rating: 3.0 (57 reviews)

What are Exide Life Group Term Life Solutions?

Exide Life Group Term Life Solutions have been designed to offer a comprehensive life insurance cover to your valuable employees at an affordable cost. This helps in increasing the economic security of employees, and in doing so, improve employee retention across the organization.

4 Reasons to Buy this Plan

Who should buy ?

Anyone who wishes to ensure their families financial goals are well protected and fulfilled

I'm Interested

Life Cover for members + -

At any time during the policy term, in case of unfortunate event, the life cover amount is paid to the family of the member. This protection benefit comes at affordable premiums.

Easy to sign up single master policy + -

All the members can be covered under one Master Policy. Underwriting guidelines are simplified and no medical required till certain life cover amounts.

One year renewable plan + -

You pay premium for benefits for one year after which you can renew the plan.

Tax Benefits for the master policy holder + -

The Company buying the policy (Master Policy Holder) can save income tax on the premium paid under the Income Tax 1961

Pinnacle Pvt. Ltd opted for Exide Life Group Term Life Solution and covered all its 1000 employees for a life cover of ₹30 Lacs per employee. Vikram whose monthly expenditure is approximately ₹30,000/- was one of the employees covered. In case of his unfortunate demise, his family will be paid ₹30 Lac by Exide Life Insurance. This money would act as an income replacement and help Vikram’s family sustain their life style even if their income has got impacted.

Minimum / Maximum Age at Entry	For Employer – Employee Cases :18 years – 79 Years For other cases : 18 – 69 Years For Optional Accidental Death Benefit : 18 years – 64 years
Maximum Maturity Age	In case of Employer – Employee policies : 80 Years In case of other policies : 70 Years In case of Optional Accidental Death Benefit : 65 years
Policy Term	1 year renewable term. For Affinity group where there is a lender borrower relationship this would mean a period of one year 365 days cover with respect to member joining date of the scheme from the respective risk commencement date of the Insured member.
Premium Payment Frequency	Annual, Half-yearly, Quarterly and Monthly
Minimum Sum Assured	₹5,000 per member
Minimum Group Size	For Employer – Employee Cases : 10 members For other cases : 50 members
Maximum Group Size	No Limit

For other cases: 18 – 69 years

For other cases: 50 members

Product Brochure + -

Exide Life Group Term Life Solutions

Terms & Conditions + -

Exide Life Group Term Life Solutions

About This Plan