Best ULIP Plan In India - Exide Life Wealth Maxima

What is Exide Life Wealth Maxima?

Your goals and responsibilities increase with every growing stage of life. No wonder, there is a need to invest to not only maximize your wealth but also ensure a strong financial foundation to realize your goals.
Presenting Exide Life Wealth Maxima, a Unit Linked Insurance Plan that not only helps make the most out of your wealth but also adapts to offer higher life cover at every new phase of life.

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.

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4 Reasons to Buy this Plan

Who should buy ?

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.

I'm Interested

3 Plan options to suit your life stage needs + -

Exide Life Wealth Maxima offers 3 plan options with different levels of life cover. You can increase your life cover in same plan by moving from one plan option to another.

Maxima Invest: In this option,
Death Benefit = Higher of (10 times the annualized premium or Fund Value)

Maxima Family : In this option,

Death Benefit = 10 times* the Annualized Premium + Fund Value

Maxima Child: In this option, in addition to life cover being paid immediately, you get additional benefit of premium funding
Death Benefit Amount Paid Immediately = 10 times the Annualized Premium

Premium Funding : All future premiums are funded by the company on your behalf so that the plan still continues till maturity. On maturity, the fund value is paid to the beneficiary

*For entry age of 45 years and above, you can choose life cover of 7 times the annualized premium. Life Cover can never be less than 105% of the total premiums paid.

Maturity Benefit + -

On completing the policy term, the fund value as on maturity date is paid as the maturity benefit.

Fund Value as on maturity date = Unit price as on maturity date X Number of Units

Investment strategies to suit your investment style + -

1. Choose from 6 fund options:

Fund name	Debt – Equity Mix	Risk Level
Exide Life Active Asset Allocation Fund	Debt: 0% to 80% Equity: 20% to 100%	High
Exide Life Prime Equity Fund	Debt: 0% to 10% Equity: 90% to 100%	High
Exide Life Growth Fund	Debt: 0% to 60% Equity: 40% to 60%	Medium
Exide Life Balanced Fund	Debt: 0% to 80% Equity: 20% to 40%	Medium
Exide Life Secure Fund	Debt : 0% to 90% Equity: 10% to 20%	Low
Exide Life Preserver Fund	Debt : 75% to 100% Equity: 0%	Low

2. Systematic Transfer Plan: This strategy ensures equity exposure in a systematic manner. Allocated Premium is invested in Exide Life Preserver fund and starting immediately and thereafter, on every monthly anniversary, pre-defined proportion of Fund Value is transferred from Exide Life Preserver Fund to Exide Life Prime Equity fund.

3. Automatic Asset Rebalancing 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 Prime Equity	Exide Life Preserver
20	90%	10%
15 – 19	80%	20%
10 – 14	60%	40%
5 – 9	40%	60%
0 – 4	20%	80%

Benefit from Top - Up + -

This plan allows you to invest surplus money as top - up, whenever you want to.

Not allowed in last 5 Policy years

Loyalty Benefit + -

This plan offers loyality additions at the end of 10th,15th and 20th policy years if base annualized premium paid is ₹72,000 or more.

Loyalty Additions = 2% of (Fund Value on last business day of current year + Fund Value on last business day of previous year)/2

Tax savings + -

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

*For entry age of 45 years and above, tax benefit may be limited if life cover is 7 times the annualized premium.

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Choose a Premium Payment Frequency

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Monthly

₹ Enter Premium amount you wish to pay

Disclaimer

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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
1^st	6.00%	4.75%
2^nd - 5^th year	4.00%	3.25%
6^th year onwards	2.50%	2.50%

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

Year	Charges as a percentage of annual premium
1^st - 5^th year	0.20% per month
6^th 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

Product Brochure + -

Exide Life Wealth Maxima

Terms & Conditions + -

Exide Life Wealth Maxima

About This Plan

What is Exide Life Wealth Maxima?

Get a Quote Now

4 Reasons To Buy This Plan

4 Reasons to Buy this Plan

Who Should Buy

Who should buy ?

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.

I'm Interested

Key Benefits

3 Plan options to suit your life stage needs + -

Exide Life Wealth Maxima offers 3 plan options with different levels of life cover. You can increase your life cover in same plan by moving from one plan option to another.

Maxima Invest: In this option,
Death Benefit = Higher of (10 times the annualized premium or Fund Value)

Maxima Family : In this option,

Death Benefit = 10 times* the Annualized Premium + Fund Value

Maxima Child: In this option, in addition to life cover being paid immediately, you get additional benefit of premium funding
Death Benefit Amount Paid Immediately = 10 times the Annualized Premium

Premium Funding : All future premiums are funded by the company on your behalf so that the plan still continues till maturity. On maturity, the fund value is paid to the beneficiary

*For entry age of 45 years and above, you can choose life cover of 7 times the annualized premium. Life Cover can never be less than 105% of the total premiums paid.

Maturity Benefit + -

On completing the policy term, the fund value as on maturity date is paid as the maturity benefit.

Fund Value as on maturity date = Unit price as on maturity date X Number of Units

Investment strategies to suit your investment style + -

1. Choose from 6 fund options:

Fund name	Debt – Equity Mix	Risk Level
Exide Life Active Asset Allocation Fund	Debt: 0% to 80% Equity: 20% to 100%	High
Exide Life Prime Equity Fund	Debt: 0% to 10% Equity: 90% to 100%	High
Exide Life Growth Fund	Debt: 0% to 60% Equity: 40% to 60%	Medium
Exide Life Balanced Fund	Debt: 0% to 80% Equity: 20% to 40%	Medium
Exide Life Secure Fund	Debt : 0% to 90% Equity: 10% to 20%	Low
Exide Life Preserver Fund	Debt : 75% to 100% Equity: 0%	Low

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

Fill in the details below to know how this plan works

Your Date of Birth

Choose a Premium Payment Frequency

Annual

Monthly

₹ Enter Premium amount you wish to pay

Disclaimer

Congratulations! Enjoy following benefits under this plan

Try Again Meet an Advisor

Key Features

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
1^st	6.00%	4.75%
2^nd - 5^th year	4.00%	3.25%
6^th year onwards	2.50%	2.50%

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

Year	Charges as a percentage of annual premium
1^st - 5^th year	0.20% per month
6^th year onwards	0.30% per month

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

C. Fund Management Charge

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

Downloads

Product Brochure + -

Exide Life Wealth Maxima

Terms & Conditions + -

Exide Life Wealth Maxima