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Find Out the Best Exide Life Child Plans

Updated on November 30, 2022 , 1127 views

Definitely, the future of a child is a massive responsibility. And, just to fulfil this responsibility, you would have to invest in better options. That is where a child plan comes into the picture. Not just they are affordable but can also cover untimely deaths.

Exide Life Child Plan

Although there are plenty of options available out there, however, you can take out some time to discover more about Exide Life child plans. Here, you can find three different options to choose from. Thus, it will be less confusion and more clarity.

So, what are you waiting for? Scroll down and find out every bit of information you may need to make a better decision.

Types of Exide Life Child Plans

1. Exide Life Wealth Maxima – Maxima Child

This Exide Life Insurance is a unit-linked insurance plan that comes with the benefit of offering child welfare in case the policyholder passes away. The nominee gets the payouts and benefits as promised at the time of policy maturity. Under this plan, in case of the insured’s death, the child becomes eligible to the sum assured as well as the top-up sum assured. Also, Exide Life pays all the future premiums from the following month of death until the policy matures.

Features

  • Lump-sum amount of the fund value upon the policy maturity
  • Coverage of the payment decided for the total sum assured
  • Option to switch to any variant of the plan, such as Maxima Family or Maxima Invest
  • Additional 2% of the fund value as a loyalty benefit at the end of the 10th, 15th, and 20th policy years
  • Death and maturity benefit available
Eligibility Criteria Requirements
Entry age 18 – 50 years
Maturity age Up to 65 years
Policy tenure 10 – 20 years
premium payment term Regular
Sum assured 7 x or 10 x of the annualized premium
Premium amount Rs. 6,000 – Rs. 7,80,000

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2. Exide Life New Creating Life Insurance Plan

Under this Exide Life Insurance plan, you get two different options to choose from:

  • Exide Life New Creating Life Insurance Regular Pay: This one is a non-linked participating life insurance plan that demands regular payment of premiums for the entire tenure. It provides Life Cover that has Family Income Benefit for the time if the policyholder passes away suddenly along with future premiums waiving option.

  • Exide Life New Creating Life Insurance Plus: This second option under the Exide life child protection plan is also a non-linked one that provides a wide range of advantages, including Family Income Benefit in the Live Cover. It also has an option that waives off future premiums in case of an untimely death.

Features

  • Integrated family income benefit with monthly 1% of the sum assured upon the untimely demise
  • Guaranteed additional 10% of the total sum assured during the tenure completion
  • Extra bonuses available on the Basis of performance
  • Option to waive off future payments
Eligibility Criteria Requirements
Entry age 18 – 45 years
Maturity age Up to 60 years
Policy tenure 10 – 20 years
Premium payment frequency Monthly or annually
Sum assured Unlimited
Premium amount Rs. 12,000 – Unlimited

3. Exide Life Mera Aashirvad

This is one of the Exide life insurance best plans that is a non-linked participating type of child insurance. By taking this policy, you can ensure an excellent way to acquire child protection and increased savings portfolio at the same time. With this plan, your child becomes eligible to get a gamut of guaranteed benefits as a nominee.

Features of Exide Life Mera Aashirvad Plan

  • Total sum assured is provided either in the form of a lump sum or annual payout at the time of maturity
  • Total sum assured is paid even if the policyholder passes away before maturity
  • An option of staggered payouts is available
  • Several additional benefits available
  • Riders for healthcare and protection against accident available
Eligibility Criteria Requirements
Entry age 21 – 50 years
Policy tenure Premium payment term + 60 months
Premium payment frequency Monthly or annually
Sum assured Rs. 3,50,000 - Unlimited
Premium payment term 10 – 20 years

Documents Required

To avail any of these policies mentioned above, you would have to submit these documents:

  • Medical history documents (if available)
  • ID proof
  • Address proof
  • Completely filled application form

Exide Life Child Insurance Customer Care

  • Customer Care Number: 1800-419-8228
  • Email ID: care[@]exidelife[dot]in
Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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