Name: ULIP - Unit Linked Insurance Plan - Wealth Elite Plan - Exide Life Insurance
Brand: Exide Life Insurance
Rating: 3.8 (50 reviews)

What is Exide Life Wealth Elite?

As you work hard to climb the ladder of success and reach different milestones, it's important that you organize your hard earned money that works harder than you do. Your investments must ensure that you keep living the exclusive life you've worked so hard for.

Keeping this in mind, we have designed Exide Life Wealth Elite – a unit linked insurance plan for a special few like you.

This plan is suitable for investors looking for efficient wealth creation options and want to ensure higher financial protection for their family as their responsibilities grow.

3 Reasons to Buy this Plan

Who should buy ?

The plan suits you, if you aspire to make your money work harder, so that you get to enjoy the exclusive life.

I'm Interested

Maturity Benefit + -

On maturity, you get an amount equal to the fund value. The plan offers liquidity by allowing partial withdrawals after completion of 5th policy year

Fund Value as on Maturity date = Unit Price as on maturity date x Number of Units

You can avail your maturity benefit as lump sum or as deferred settlement.

Comprehensive Life Cover + -

In case of an unfortunate demise of the policy holder, a lump sum amount is paid to the family:

Life Insurance cover amount = Higher of (10 to 20* times Annualized premium or Fund Value or 105% of the premiums paid)

* for entry age of 45 and above, you can choose life cover of (7 or 10) times the annualized Premium.

Investment strategies to suit your investment style + -

A. Choose from 7 fund options with unlimited free switches:

Fund Name	Debt & Equity Mix	Risk Level
Exide Life Midcap Fund (SFIN: ULIF01710/03/17MIDCAP114)	Debt: 0% to 80% Equity: 75% to 100% Money Market: 0% to 25%	Very High
Exide Life Prime Equity Fund (SFIN: ULIF01116/12/09PRIMEEQU114)	Equity: 90% to 100% Debt: 0% to 10% Money Market: 0% to 10%	High
Exide Life Active Asset Allocation Fund (SFIN: ULIF01527/12/10ACTASSET114)	Equity: 20%-100% Debt: 0%–80% Money Market: 0%-80%	High
Exide Life Growth Fund (SFIN: ULIF00318/10/04GROWTH114)	Equity: 40% to 60% Debt: 0% to 60% Money Market: 0% to 20%	Medium
Exide Life Balanced Fund (SFIN: ULIF00118/10/04BALANCE114)	Equity: 20% to 40% Debt: 0% to 80% Money Market: 0% to 20%	Medium
Exide Life Secure Fund (SFIN: ULIF00418/10/04SECURE114)	Equity: 10% to 20% Debt: 0% to 90% Money Market: 0% to 20%	Low
Exide Life Preserver Fund (SFIN: ULIF01016/12/09PRESERVER114)	Debt : 75% to 100% Money Market: 0% to 25%	Low

B. Automatic Asset Re-balancing Strategy : The Automatic Asset Rebalancing Strategy feature automates the percentage of equity exposure your investments should have over the policy term- high in start of the policy and then gradually decreasing to conserve the fund value as you approach your goal on policy maturity.

No. of years to maturity	Exide Life Midcap Fund/Exide Life Prime Equity Fund	Exide Life Preserver Fund
20	90%	10%
15 – 19	80%	20%
10 – 14	60%	40%
5 – 9	40%	60%
0 – 4	20%	80%

C. Systematic Transfer Plan:

This strategy ensures equity exposure in a systematic manner. Allocated Premium is invested in Exide Life Preserver Fund starting immediately and thereafter every month, pre-defined proportion of units is transferred from the Exide Life Preserver Fund in to the Exide Life Prime Equity Fund/Exide Life Midcap Fund.

Charges+ -

A. Premium Allocation Charge (as a percentage of premium)

For annualized premium of ₹5 lakh and above, there are Zero allocation charges on first year premium. Thereafter a nominal charge is levied for subsequent years. Below is the premium wise charging structure:

Annualized Premium	Year 1	Year 2-5	Year 6+
₹2,00,000 – ₹2,99,999	4%	3%	2%
₹3,00,000 - ₹4,99,999^th year	2%	2%	2%
₹5,00,000 & above	0%	1%	1%

B. Policy Administration Charges (as a percentage of premium)

Effective 6th policy year onwards, there are no policy administration charges except in policies which are discontinued.

Year	Charges as a percentage of annual premium
1^st - 5^th year	0.24% per month
6^th year onwards	Nil

The maximum policy administration charge is capped at ₹500 per month.

C. Fund Management Charge :

Fund Management Charge is a charge levied on a daily basis as a percentage of the value of assets held in the unit fund at the time of computation of the unit price. The Fund Management Charges applicable, at present, are as follows

Fund Name	% of Fund Value per annum
Exide Life Midcap Fund	1.35%
Exide Life Prime Equity Fund	1.35%
Exide Life Active Asset Allocation Fund	1.35%
Exide Life Growth Fund	1.25%
Exide Life Balanced Fund	1.25%
Exide Life Secure Fund	1.00%
Exide Life Preserver Fund	1.00%

The Maximum Fund Management charge is capped at 1.35%.

D. Charges on Partial Withdrawal / Fund Switching / Re-direction:

Nil

Tax Benefits + -

This plan offers tax benefits* on premiums paid under section 80C and on maturity amounts under section 10(10D).

*As per applicable income tax laws subject to change from time to time. For entry age of 45 years and above, tax benefit may be limited if chosen life cover is 7 times the annualized premium.

Mr Arvind is 40 years old and works as Vice President in a large multi-national company. He chooses to invest ₹5 lakhs per annum in Exide Life Wealth Elite for 15 years and opts for 100% allocation in newly launched Exide Life Mid Cap Fund. Following are the benefits; he would receive from this plan:

Fund Value paid on completion of policy term:
₹123,25,511 @ 8% p.a.
₹ 88,52,790 @ 4% p.a.
Minimum Life Cover of ₹50,00,000 throughout the policy term
Tax Benefits u/s 80C and u/s 10(10D) as per prevailing income tax laws

Minimum Entry Age	0 Years
Maximum Entry Age	65 Years (for standard lives)
Maximum Maturity Age	75 Years
Policy Term	10, 15 to 20 Years
Premium Payment Term (PPT)	Regular PPT: 10,15 to 20 Years Limited PPT: 10 Years
Premium Payment Frequency	Annual, Half-Yearly, Monthly**
Minimum Premium	Annual : ₹2,00,000 Semi Annual : ₹100,000 Monthly : ₹20,000
Minimum Sum Assured Maximum Sum Assured	For age up to 44 years Annualized Premium* x 10 Annualized Premium x 20	For age above 44 years Annualized premium x (7 only)*** Annualized premium x (10 only)

*Annualized premium shall be the premium payable in a year chosen by the policyholder, excluding the underwriting extra premiums and loadings for modal premiums, if any.

**For monthly mode, maximum 3 monthly premiums will be required to be paid on the commencement of the policy and only automated modes of payment shall be available for future payments.

***policyholder with entry age 45 years and above has option to choose Sum Assured as 7 or 10 times the annualized premium at inception.

About This Plan