7. A TRADITIONAL PENSION PLAN
After spending most of your life working hard, the retirement period offers you the
opportunity to bear the fruits of the seeds you have sown over the years. That’s why
we call them the Golden Years Of Your Life. For you to get the most out of these
golden years of your life, you need to plan your retirement in a way that ensures you
live an independent life without compromising in the standard of your living. Now plan
this period of your life with EXIDE LIFE GOLDEN YEARS RETIREMENT PLAN. This
specially designed plan helps you build a retirement corpus that only grows with time
and ensures that you enjoy the golden years of your life.
KEY FEATURES OF THE PLAN
• Capital guarantee with attractive returns
• Loyalty Benefit
• Consistent bonus track record – on existing retirement plans
• Flexibility – premium payment term and top - ups
• Get 1/3rd of retirement fund tax free and use balance for lifelong pension
8. KEY BENEFITS
1.Growth with minimum guarantee : Your IPA grows at an interest rate
declared every year . It is determined subject to the performance of the fund.
However, the minimum interest rate on your IPA is 5% p.a. for the first 5 policy
years and 1.5% p.a. for the rest of the policy term. The interest once added in
IPA is guaranteed to be paid.
2. Consistent bonus track record : Exide Life Insurance has demonstrated a
consistent bonus track record by delivering an average interest rate of 8.54%
p.a. over the last 8 years on its existing retirement plans.
3. Flexibility : This plan offers multiple flexibilities to help you plan your
retirement as per your convenience.
- TOP UP PREMIUM : In addition to the regular premium, you can pay an
additional amount during the policy term to ensure your retirement fund grows
faster.
- PREMIUM PAYMENT OPTIONS : Choose from regular , limited or single payment
options, choose to pay premium monthly or annually , choose to decrease or
increase the premium payment term by keeping the premium amount same.
- POSTPONEMENT OF RETIREMENT AGE : You may postpone your retirement
age depending upon change in your retirement planning.
9. 4. Guaranteed vesting benefit : On completion of vesting term, you will get
guaranteed vesting benefit which is higher of :
a. Gross premiums including top – up premiums compounded at 1% p.a.
b. Individual pension account value
You may commute up to 1/3rd of the vesting amount tax free in cash and use the
balance to purchase annuity from Exide Life Insurance to ensure a monthly income
for your life time.
5. Loyalty benefit : All premium allocation charges deducted are refunded into the
IPA account on vesting once you have made a total premium payment of Rs.
4,80,000/-.
6. Regular and disciplined savings : A disciplined saving method goes a long
way in building the desirable retirement corpus. With this plan you may start , with
as little as Rs. 2000 per month.
7. Life Cover : In case of demise of the policy holder, higher of the following is paid
to the nominee :
a. 105 % of gross premiums and top – up premiums.
b. Gross premium and top – up premiums compounded @ 1% p.a.
c. IPA value
10. 8. Tax savings : All the premiums paid are tax free under section 80CCC.
KEY FEATURES
Minimum / maximum age at
entry
18 years – 65 years
Minimum / maximum vesting
age
45 years – 75 years
Vesting term / premium
paying term
Limited Pay 5 – 9 years : 10 years
Limited pay ( 10 – 41 years ) & regular pay : 15 – 42 years
Single pay : 10 – 42 years
Minimum premium for limited
/ regular pay
PPT 5 – 9 YEARS : RS. 48,000 ( MINIMUM ANNUAL
PREMIUM )
PPT 10 – 42 YEARS : RS. 24,000 (MINIMUM ANNUAL
PREMIUM )
Minimum single premium Rs. 2, 40, 000
Premium payment frequency Annual , monthly
Annuity options Guaranteed for life
11. Premium allocation charges :
Policy year Allocation charges as a % of premium
1
2 – 5
6th onwards
ANNUAL MODE MONTHLY MODE SINGLE PREMIUM
9 % 6% 3%
2.5 % 2% NIL
2% 2% NIL
13. Savings and Investment Plans can be categorized
in the below mentioned categories :
PLANS TO MEET ONE’S
LIFE GOALS
CHILD PLANS
ULIP PLANS
( unit linked insurance
plans )
14. PLANS TO MEET ONE’S LIFE
GOALS
Financial planning is a fundamental activity to
plan for one’s future needs. Certain financial
calculators are of great importance in aiding
financial planning. Therefore, these plans helps
an individual in fulfilling their life goals.
16. Each one of us has the right to dream of a happy and secure life for ourselves and our
loved ones, a life that offers opportunities and promises to fulfil those dreams. At the
same time, the ups and downs of life often worry us and their thought may cause anxiety
about our ability to provide for our loved ones.
So, we need an easy to go plan that builds up our savings for rainy days and also offer
financial protection for ourselves and our family while fitting into our budget.
KEY BENEFITS
1. Tax free maturity benefit : You need to pay premiums for only 10 years. Choose
from a policy term of 10, 15 or 20 years. On maturity, you get :
Sum Assured + Simple Reversionary Bonus ( if any ) + Terminal Bonus ( if any )
2. Life Cover for entire policy term : In case, of any unfortunate event , this plan
offers a life cover to your family which ensures financial protection for them.
LIFE COVER AMOUNT = 10 times the annualized premium + accumulated bonuses ( if
any ).
A NON – LINKED PARTICIPATING LIFE
INSURANCE PLAN
17. 3. Extended life cover : This plan continues to provide life cover for 1 year from the
date when your last premium payment was due. This benefit is available only if at least
1 full year’s premium is paid.
4. Easy to purchase : It’s easy to purchase as no medical is required.
KEY FEATURES
Minimum / maximum age at
entry
0 – 55 years
Minimum / maximum age at
maturity
18 – 70 years
Policy term 10 , 15 , 20 years
Premium paying term 10 years
Premium options ANNUAL MODE : Rs. 6000 , 7000 , 8000 , 9000 ,
9600
HALF – YEARLY MODE : Rs. 4000 , 4800
19. A NON – PARTICIPATING LIFE
INSURANCE PLAN
This is a non participating endowment assurance plan which provides combination of
protection as well as savings. The returns under this plan are guaranteed.
Savings always start from a small amount saved regularly for a longer duration. All
the small amounts of money saved lead towards a bigger sum which is needed at the
desired time.
Exide Life Nirmal Jeevan Insurance Plan is an easy to purchase with no medical
combination and low minimum annual premium of Rs. 6000. At any time during the
policy term if you have paid 2 or 3 premiums and are unable to pay further due
premiums then your product offers Automatic life cover for next 2 or 3 years
respectively. Moreover, all the befits in this plan are guaranteed so that your returns
don’t depend on external circumstances. This plan is best suited for anyone who
wants moderate but steady and guaranteed returns and is generally of risk averse
nature.
KEY BENEFITS
1. Guaranteed death benefit : In case of unfortunate demise of the life assured,
the sum assured will be paid to the beneficiary.
20. 2. Guaranteed maturity benefit : The sum assured is guaranteed under this
plan and will be paid at maturity of the policy.
3. Automatic life cover : We understand that during difficult times it is hard for
you to fulfil your financial commitments towards the life insurance policy. Normally,
in case you fall to pay certain premiums, the benefits under the policy either lapse
or reduce. However, with Exide Life Nirmal Jeevan Insurance Plan, the
guaranteed death benefit under the policy will continue for 2 or 3 years ( as the
case may be ) even if you are unable to pay certain premiums.
4. Loan benefit : In case of difficult situations, you can avail a policy loan as
eligible after paying the premium for three full years.
5. Income tax benefit : This plan offers you tax benefits :
- U/S 80C of the Income Tax Act 1961 on your premiums.
- U/S 10 ( 10D ) of the Income Tax Act 1961 on the maturity of your policy
21. KEY FEATURES
Minimum / maximum age at entry 3 – 55 years
Minimum / maximum maturity age 18 – 70 years
Policy term 10, 12 or 15 years
Premium paying term Equal to policy term
Minimum annual premium 6000
Maximum annual premium 12000
Payment mode Annual only
23. Presenting Exide Life Assured Gain Plus - a traditional insurance – cum – investment
plan in which you pay for just 5 years and enjoy tax free returns with life cover over the
full policy term.
KEY BENEFITS
1. Attractive tax free returns : On policy maturity, you get a guaranteed lump sum
amount along with bonuses accumulated during the policy term. This amount is exempt
from income tax under section 10 ( 10D ). Also, you save tax under section 80C for an
investment up to Rs. 1.5 Lac.
Maturity amount = guaranteed lump sum + accumulated bonuses
2. Pay for only 5 years : You need to invest only for 5 years in this plan while the
benefits continue for full policy term.
3. Life cover for full policy term : This plan gives financial protection to your family
members in case of an unfortunate event. You get a lump sum amount equal to 10 times
the annual premium along with accumulated bonuses and applicable guaranteed
terminal additions.
24. KEY BENEFITS
Age at entry 8 – 55 years
Premium payment term 5 years
Policy term 10 , 12 or 15 years
Premium payment frequency Annual / Semi – annual / Monthly
Minimum premium Annual : 60,000
Semi – annual : 30,000
Monthly : 5000
Maximum premium No limit
Multiple for life cover For entry age up to 44 years : 10 times
the annual premium
For entry age 45 years and above :
option of 7 or 10 times annual premium
26. You have always wanted to reach for the stars and provide the best to your family.
Wouldn’t it be easier for you to fulfil your dreams if you are backed with a guarantee ?
Presenting Exide Life Star Saver , a limited payment savings cum insurance plan ,
designed to do just that. This plan offers guaranteed tax – free maturity benefit along with
comprehensive protection over the entire policy term.
KEY BENEFITS :
1. Guaranteed Tax – Free Maturity Benefit : On staying invested for a chosen policy
term , you get a tax – free guaranteed lump sum amount on maturity , which is paid to you
as a combination of :
Sum Assured on maturity + Accrued guaranteed additions + Loyalty benefit
Sum Assured on maturity is a guaranteed amount equal to basic sum assured , which is
paid to you at the end of a chosen policy term after you have completely paid the required
premium amount as and when due. Basic sum assured is calculated based on your age,
policy term and the annual premium paid.
Guaranteed additions are credited to your policy at the end of each policy year and are
calculated as a percentage of sum assured on maturity. These are accrued over the entire
policy term and paid to you at the end of the policy term.
Annual premium : Rs. 24,000 to Rs. 59,999 – 7% ( loyalty benefit )
Rs. 60,000 to 1,79,999 – 7.50% ( loyalty benefit )
Rs. 1,80,000 and above – 8% ( loyalty benefit )
27. Loyalty benefit is a special benefit paid to you as a % of sum assured on maturity if you
have paid all applicable premium amounts and stay till the end of your policy term.
2. Pay only for 5 years and enjoy life cover over the full policy term : While you
pay premium only for 5 years, you enjoy life cover over the entire policy term. This
ensures financial protection for your family in case of an unfortunate event where a lump
sum amount is paid to your family.
Life cover = Higher of ( sum assured on maturity / 10 times of annual premium / 105 % of
the total premiums paid ) + Accrued guaranteed additions
3. Double life cover in event of an accident : In addition to life cover , you also get
additional life cover of an equivalent amount in case of an unforeseen event due to an
accident.
Policy Terms Loyalty Benefit ( as a % of sum
assured on maturity )
10 10%
12 12%
15 15%
28. 4. Tax Benefits : You enjoy tax benefits on premiums paid under Section 80C , on
maturity benefit under Section 10(10D) and premiums paid towards critical illness rider
under Section 80D of the Income Tax Act , 1961.
KEY FEATURES :
Minimum / maximum age at entry For policy term 10 years : 8 years
– 60 years
For policy term 12 years : 6 years
– 60 years
For policy term 15 years : 3 years
– 60 years
Minimum / maximum maturity age 18 years – 75 years
Policy term 10, 12 and 15 years
Premium payment term ( PPT ) 5 years
Minimum premium Rs. 24,000
Minimum Sum Assured Rs. 76,220
Premium payment mode Annual
30. SECURED INCOME INSURANCE PLAN CAN BE CATEGORIZED INTO :
Secured Income
Insurance Plan – Plus
Secured Income
Insurance Plan – Regular
A limited pay plan that offers life cover
not only in lump sum but also as
income for family for 60 months. On
maturity, you get sum assured with 10
% guaranteed addition along with
accrued bonuses, if any.
A regular pay plan that offers life cover
not only in lump sum but also as
income for family for 60 months. On
maturity, you get sum assured with
accrued bonuses, if any.
31. KEY BENEFITS
1. Life cover with family income benefit : In case of an unfortunate event, your family
will be paid Guaranteed Death Benefit ( GDB ) amount along with the accumulated bonus
in lump sum. GDB amount will be higher of the following :
- 10 times the annual premium
- Sum Assured
2. Attractive tax free returns : On maturity, you get a tax free amount which is equal to
sum assured and bonuses accumulated over the policy term.
3. Flexibility to choose from limited and the regular pay options : You can choose
either the regular pay option or the plus pay option.
4. Option for enhanced protection : You have the option to enhance your protection
further at a nominal cost by adding health or medical riders for life and accident.
32. 5. Discount for higher premiums : These plans reward you with a premium discount
if you pay higher premiums. The applicable premium slabs and discount rates are
mentioned below :
Discount rate Annualised premium range
SIIP PLUS SIIP REGULAR
0% Less than 48,000 Less than 24,000
3% 48,000 to less than 24,000 to less than 48,000
60,000
5% 60,000 to less than 48,000 to less than 60,000
72,000
7% 72,000 and above 60,000 and above
33. KEY FEATURES
FEATURES SIIP PLUS SIIP REGULAR
Minimum / maximum age
at entry
0 – 50 years 0 – 55 years
Minimum / maximum age
at maturity
18 – 70 years 18 – 70 years
Premium payment term 5, 7 or 10 years 15 – 25 years
Policy term PPT 5 Years : 10 – 20 years
PPT 7 Years : 12 -20 years
PPT 10 Years : 15 – 20 years
Equal to PPT
Minimum premium PPT 5 Years : 36000/- p.a.
PPT 7 Years : 24000/- p.a.
PPT 10 Years : 18000/- p.a.
12,000 p.a.
Maximum premium No limit No limit
Premium payment
frequency
Annual or monthly Annual or monthly
Guaranteed addition of
10% of S.A. on maturity
Yes No
35. Exide Life New Fulfilling Life is a comprehensive plan that will help you fulfill all your
responsibilities with regular money back for your intermediate needs , tax free , wealth
and life cover for a long period.
KEY BENEFITS
1. Life cover till age 85 : In this plan you can choose to pay for a few year (12,16,20
or 24 year ) while your life cover continue till the age of 85. In case of an unfortunate
event, your family gets a guaranteed pay out immediately which will be the highest of
the following :
10 times the annual premium + Accumulated Bonuses
Sum assured + Accumulated Bonuses
105% of the premiums paid
2. Tax free wealth creation : You are eligible for bonuses from the first year of the
policy till the age of 85, irrespective of the premium payment term chosen. A tax free
lump sum amount equal to sum assured and accumulated bonuses will be given on
maturity.
3. Get money back as you pay premium : You start getting guaranteed money backs
within a few years of starting the policy. The money backs will equal your sum
assured and will be paid over 4 installments as shown in the table.
36. YEAR OF MONEY BACK WILL DEPEND ON THE PREMIUM PAYMENT TERM
CHOSEN
4. Consistent bonus track record : Since its launch this plan has shown a consistent
bonus track record. Bonus is added into the policy as a percentage of the sum assured.
Premium
payment term
(PPT) chosen
1st money
back= 20% of
sum assured
2nd money
back= 20% off
sum assured
3rd money
back= 20% off
sum assured
4th money
back= 20% off
sum assured
If PPT 12 Year 3rd Year 6th Year 9th Year 12th Year
If PPT 16 Year 4th Year 8th Year 12th Year 16th Year
If PPT 20 Year 5th Year 10th Year 15th Year 20th Year
If PPT 24 Year 6th Year 12th Year 18th Year 24th Year
37. KEY FEATURES :
Minimum / Maximum entry age For PPT 12,16 or 20 years: 15 to 50 years
For PPT 24 years: 15 to 46 years
Maximum premium ceasing age 70 years
Policy term Till 85 years of age
Premium payment term (PPT) 12,16,20 and 24 years
Minimum premium For PPT 12 years: 24,000 p.a.
For PPT 16,20,24 years: 12,000 p.a.
Maturity benefit Sum assured + accumulated bonuses
Life cover Highest of following:
● 10 times the annual premium + accumulated bonuses
● Sum assured + accumulated bonuses
● 105% of premiums paid
Frequency of Premium payment Annual , Monthly
39. A NON – PARTICIPATING LIFE
INSURANCE PLAN
Exide Life Guaranteed Income Insurance Plan is a non- participating plan that provides guaranteed tax
– free benefits after completion of premium payment term and Guaranteed Death Benefit during the
entire policy term. This product is a combination of savings as well as protection.
KEY BENEFITS
1. Guaranteed income of 11% to 13% p.a.
2. Guaranteed tax free regular income
3. Guaranteed tax free lump sum on maturity
4. Full guaranteed death benefit even during income pay out period
5. Guaranteed sum assured / death benefit : GDB = ( 10 times of annual premium / sum
assured / 105% of the premiums paid )
6. Tax rebate on premiums paid under Section 80 C.
40. KEY FEATURES :
Policy term in years 15 20 24 30
PPT in years 7 10 12 15
Pay out term in years 8 10 12 15
Minimum / maximum age at
entry
3 – 55 years
Minimum / maximum age at
maturity
26 – 85 years
Annualized premium PPT 7 years : 24,000
PPT 10 years : 18,000
PPT 12 years : 12,000
PPT 15 years : 12,000
Maximum premium No limit
Premium payment frequency Monthly, half – yearly and annually
41. CHILD PLANS
Irrespective of the type of dream, you will surely agree
that all dreams come true with a price tag. Add it to
inflation and other financial commitments and you will
realise that you need nothing less than a fortune to
ensure your child's bright future. Child insurance plans
aim to do exactly that by enabling you to create a
financial corpus to meet your child’s future needs.
43. Exide Life Mera Aashirvad is a child insurance plan that guarantees you the money you need to fulfil your
child’s dreams. Your child is assured of the required financial support to fulfil his / her dreams, even if you
are not there.
KEY BENEFITS
1. Guaranteed Life Cover : In case of an unfortunate event, your family gets a guaranteed pay out
immediately which will be highest of the following :
- 10 times the annual premium
- 105 % of the premiums paid
- Sum assured
2. Waiver of premium in case of an unfortunate event : In this plan, all the future premiums are
waived off in case of an unfortunate event and policy continues till maturity. This takes away the burden of
the premium payment from your family.
3. Guaranteed tax free maturity : The sum assured is paid tax free on maturity without any
deductions.
4. Flexibility to receive periodic pay outs : There are 2 options to receive the sum assured on
maturity :
- In 5 periodic pay outs
- Lump sum payment
44. KEY FEATURES :
Minimum / maximum entry
age
For parent : 21 – 50 years
For child : 0 – 15 years
PPT ( linked to child age as
the child has to be minimum
18 years on the date of
maturity )
Age of child PPT
0 13 – 20
1 12 – 20
2 11 – 20
3 – 15 10 – 20
Policy term PPT + 5 Years
Minimum sum assured For PPT ( 10 – 14 ) Years : Rs. 3,50,000
For PPT ( 15 – 20 ) Years : Rs. 4,50,000
Maximum sum assured No limit
Guaranteed life cover Highest of the following :
- 10 times the annual premium
- 105% of premiums paid
- Sum assured
46. A NON – PARTICIPATING LIFE
INSURANCE CHILD PLAN
Exide Life New Creating Life Plus and Regular pays rings all of the essentials to you in one
package. This plan is your ideal saving tool for planning for your child’s future. In addition to
ensuring systematic saving it also ensure financial protection for your family in case of any
unfortunate event and waives off future premiums so that maturity benefit stays intact and
the purpose of saving for the child’s future is still fulfilled. This product is oriented towards
combination of saving as well as protection.
KEY BENEFITS
New Creating Life Insurance –
Plus
New Creating Life Insurance –
Regular Pay
Life cover with family income benefit Life cover with family income benefit
Waiver of premium Waiver of premium
Tax free returns Tax free returns
Limited pay option ---
47. KEY FEATURES :
Features New Creating Life Insurance
– Plus
New Creating Life Insurance
– Regular Pay
Minimum / Maximum Age at
entry (parent)
18-45 years 18-45 years
Maximum Maturity Age (parent) 60 years 60 years
Minimum / Maximum Age at
entry (child)
0-17 years 0-17 years
Policy Term PPT Minimum Policy Term
5 years 10 years
7 years 12 years
10 years 15 years
15-25 years
Maximum Policy Term 20 years ------
Premium Payment Term(PPT) 5,7 or 10 years Same as the policy term
Minimum premium PPT Annual
10 years 18000
7 years 24000
5 years 36000
Annual : 12000
Monthly : 1000
Premium Modes Annual and Monthly Annual and Monthly
48. ULIP PLAN
(UNIT LINKED INSURANCE PLAN)
ULIP’S are life insurance plans that are aimed at the
twin objective of covering one’s life as well as enhancing
the value of the underlying assets through investments.
50. Exide Life Prospering Life , a unit linked plan with multiple investment options and flexibilities
that provide you control over your investments and offers life cover for protection in case of
unfortunate events.
KEY BENEFITS
1. Guaranteed life cover : In case of an unfortunate event, your family gets a guaranteed pay out
immediately which will be highest of the following :
- Fund Value
- 10 times the annual premium
- 105% of annualized premium including top – up premiums paid
2. Tax free maturity benefit : On maturity, you get a tax free amount equal to fund value.
3. 6 investment funds with unlimited free switches : This plan offers you a choice of 6 investment
funds of risk profile ranging from high to low. You can benefit by switching your money from one fund to
another , free of cost, depending upon the market conditions.
4. Benefit from active asset allocation style of fund management : This plan has the option of active
asset allocation fund. With this, you get the upside potential while the downward risks are managed
professionally.
5. Loyalty benefit : The additional benefit amount is paid as a percentage of the fund value and depends on
the annual premium amount you choose to pay.
51. KEY FEATURES :
Age at entry For limited pay and regular pay : 0 – 55 years
For single pay : 0 – 65 years
Age at maturity For limited pay and regular pay : 18 – 75 years
For single pay : 18 – 75 years
Policy term &
premium payment
term allowed
PPT POLICY TERM
5 10, 15 to 20 years
10 15 to 20 years
15 or more Equal to PPT
Single pay 10, 15 to 20 years
Premium payment
frequency
Annual , monthly
Minimum premium PPT 5 years : Annual ( 48,000 ) Monthly ( 5000 )
PPT 10 years : Annual ( 36,000 ) Monthly ( 4000 )
PPT 15 years or more : Annual ( 24,000 ) Monthly ( 3000)
Single pay ( 96,000 )
Life cover For age at entry Regular & limited pay Single pay
Below 45 years 10 times A.P. 1.25 times SP
45 years or above 7 times A.P. 1.1 times SP
53. Presenting Exide Life Wealth Maxima , a unit linked insurance plan that not only helps make
the most of your wealth but also adapts to offer higher life cover at every new phase of life.
KEY BENEFITS
1. 3 plan options to suit your life stage needs : It offers 3 plan options with different
levels of life cover. You can increase your life cover in the same plan by moving from one plan
to another.
A. Maxima Invest : life cover = higher of ( 10 times the annual premium or fund value )
B. Maxima Family : life cover = 10 times the annualized premium + fund value
C. Maxima Child : In this option , in addition to life cover being paid immediately , you get
additional benefit of premium funding.
Life cover amount paid immediately = 10 times the annualized premium
2. 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 * number of units
4. Benefit from top – ups : This plan allows you to invest surplus money as top
- ups whenever you want to.
54. 5. Loyalty benefit : This plan offers loyalty additions at the end of 10th, 15th and 20th policy
year if base annualized premium paid is Rs. 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
6. Tax savings : This plan offers benefits of tax savings on premiums paid under section 80C
and on maturity amounts under section 10( 10D ).
7. Investment strategies to suit your investment style :
- 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 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
55. - 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 on every monthly anniversary, pre – defined proportion of units is transferred
from the Exide life preserver fund in to the Exide life prime equity fund.
- Automatic asset rebalancing strategy : This feature automates the percentage of equity
exposure your investments should have over the policy term – high at the 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 Fund
Exide Life
Preserver Fund
20 90% 10%
15 – 19 80% 20%
10 – 14 60% 40%
5 – 9 40% 60%
0 – 4 20% 80%
56. KEY FEATURES :
Minimum entry age Maxima Invest : 0 years
Maxima Family & Maxima Child : 18 years
Maximum entry age Maxima Invest : 65 years
Maxima Family : 55 years
Maxima Child : 50 years
Maximum maturity age Maxima Invest : 75 years
Maxima Family : 70 years
Maxima Child : 65 years
Policy term 10 , 15 , 20 years
Premium payment term Same as policy term
Premium payment frequency Annual , half – yearly , monthly
Minimum premium Annual : 36,000
Half – yearly : 24,000
Monthly : 4000
Top – up premiums Minimum : 6000 as per transaction
Maximum : 7, 80,000
57. CHARGES :
A. Premium Allocation Charges ( as a % of premium )
B. Policy Administration Charges ( as a % of premium )
C. Fund Management Charges
D. Charges on Partial Withdrawal / fund switching / re – direction
