Minimum Age at Entry
|
Maxima Invest : 0 Years
Maxima Family & Maxima Child* : 18 Years
|
Maximum Age at Entry
|
Maxima Invest : 65 Years
Maxima Family: 55 Years, Maxima Child : 50 Years
|
Maximum Age at Maturity
|
Maxima Invest : 75 Years
Maxima Family: 70 Years, Maxima Child : 65 Years
|
Policy Term
|
10, 15 to 20 Years
|
Premium Payment Term
|
Same as policy term
|
Premium Payment Frequency
|
Annual, Half-Yearly, Monthly**
|
Minimum Premium
|
Annual : ₹36,000
Semi Annual : ₹24,000
Monthly : ₹4,000
|
Top Up Premium
|
Minimum : ₹6,000
Maximum : ₹7,80,000
|
Sum Assured
|
For age till 44 : Annualized premium x 10
For age above 44 years : Annualized Premium x ( 7 or 10)
|
Top Up Sum Assured
|
1.25 times top-up premium
|
*In case of Maxima Child, the nominee must be a minor child.(age at entry 0-17 years)
**For monthly mode, 3 monthly premiums will be required to be paid on the commencement of the policy.
Charges
A. Premium Allocation Charge (as a percentage of premium)
Year
|
Annual
|
Half-Yearly and Monthly
|
1st
|
6.00%
|
4.75%
|
2nd - 5th year
|
4.00%
|
3.25%
|
6th year onwards
|
2.50%
|
2.50%
|
B. Policy Administration Charges (as a percentage of premium)
Year
|
Charges as a percentage of annual premium
|
1st - 5th year
|
0.20% per month
|
6th year onwards
|
0.30% per month
|
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 Prime Equity 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%
|
Exide Life Active Asset Allocation Fund
|
1.35%
|
The maximum Fund management charge is capped at 1.35%
D. Charges on Partial Withdrawal / Fund Switching / Re-direction: Nil