If you are looking for a life insurance policy but are unsure which one to go for, you’ve come to the right place. We’ll cover the Loan on Policy feature, Tax benefits, Guaranteed maturity benefit, and customer service. So let’s take a look! Exide Life Insurance is one of the top insurance providers in India and one of the most affordable options available.
Loan on Policy feature
The loan Policy feature of Exide Life Insurance Company helps you borrow against your life insurance policy if you arneeddditional funds. You can avail of this benefit under specific insurance plans, provided that you have paid the premiums for a certain period and fulfill the other policy terms. This loan facility is also called collateral security.
This insurance company started operations in 2001 and currently has over fifteen lakh policyholders in India. Exide Life Insurance offers a range of products, from individual life insurance to group plans. Its Group Loan Suraksha Plan is among the most popular group insurance plans and is offered in over 200 branches.
This insurance company offers best-in-class customer service and has 24×7 customer care. It has a strong distribution network, with over 40,000 advisors across India. It also offers an online presence and direct marketing. Exide Life Insurance offers several benefits with their products. Its group loan Suraksha plan comes with tax benefits and requires just a single premium.
Guaranteed maturity benefit
Exide Life Insurance offers an excellent income insurance plan that guarantees surrender value. If you decide to surrender the policy before the end of the policy term, you will be credited with a 20% guarantee of premiums paid, excluding service tax. Your Special Surrender Value, contingent on plan performance, will never be less than the guaranteed surrender value.
The Guaranteed Income Insurance Plan of Exide Life is an excellent way to secure your and your family’s future. The plan is designed to pay a handsome lump sum when you die. It offers competitive interest rates, comprehensive life cover, and a guaranteed maturity benefit.
Exide Life has a range of products to meet your specific needs. Its Saral Bachat plan, for example, provides life insurance coverage and guaranteed benefits throughout the policy’s term. There is also a congenital accidental death benefit rider, which pays a lump sum if the insured suffers from a congenital condition. The policy also has a minimum term of 15 years.
Exide Life Insurance Plans provide several advantages to its policyholders, including tax benefits. Tax reliefs can be obtained on the insured’s premium amounts and investment returns. However, these benefits come with terms and conditions. Learn more about them. Exide Life Insurance plans are available throughout India.
Exide Life Insurance has various retirement plans and services to meet the needs of individuals. In addition, they offer the ability to transfer your pension from the UK or Ireland. If considering the benefits of an Exide Life Insurance policy, read on to find out more. The plan may not be the right choice for everyone, but for some individuals, this type of policy may provide the ideal solution for their financial future.
Exide Life Insurance’s Income Advantage Plan is a savings plan that offers tax benefits and a guaranteed income stream. These plans are designed for those who wish to increase their wealth and provide a secure life for their children. They also offer a loan benefit and allow the borrower to make a loan against the policy.
Exide Life Insurance offers a customer support service through Twitter. The company created an account called @ExideLifeCares to handle customer questions. To reach this account, tweet ‘hello’ to the account and then up with a direct message. Then, a representative will follow up on the issue. Customers can also register on the site by entering their date of birth.
Exide life offers a variety of financial products, including term insurance plans and investments. Customers can choose a plan that best suits their financial needs and risk appetite. In addition, their policy maturities range from five to 10 years, which can help them plan for the future. Customers may also opt for riders that offer protection against critical illnesses and accidental disability.