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Exide Life New Fulfilling Life Plan

What is the Plan all About?

Exide Life New Fulfilling Life is a non-linked, Participating comprehensive plan that provides a regular money back along with life cover for a long period. The regular money back under this plan helps fulfill your immediate needs.


What are the Key Features?

  • Periodic survival benefits
  • Safe and guaranteed returns
  • Avail survival benefits
  • Consistent Bonus Track Record
  • Life cover till 85 years
  • Discount on opting higher premiums
  • Avail loan benefit
  • Life cover till 85 years
  • Get tax benefits

What are the Plan Benefits?

Death Benefit

    In the event of death of the life insured before maturity of the policy, Guaranteed Death Benefit plus Non-guaranteed benefit of Vested Bonus & Terminal Bonus is payable to the nominee. This payout is in addition to the survival benefits already paid. Guaranteed death benefit is higher of Sum Assured or 10 times the annualized premium. The Death Benefit payable is subject to a minimum of 105% of the total premiums paid.

Maturity Benefit

    On survival of the life Insured till the end of the policy term, Sum Assured (Guaranteed) plus Vested Bonus (Non Guaranteed) plus Terminal Bonus (Non Guaranteed) is payable.

    Maturity Benefit including survival benefit already paid is not less than 105% of the premiums paid.

Survival Benefit

    Survival Benefit is payable in every few years during the premium paying term. A total of 100% of sum assured is payable as survival benefit.

    Exide Life New Fulfilling Life


    Simple Reversionary Bonus is a percentage of sum assured and it is payable on maturity or death, whichever is earlier. Terminal Bonus may be declared from 25th policy year and it is payable on death or maturity.

Loan Benefit

    The loan amount can be availed under this policy, upon completion of the premium payment term.

Surrender Value

    This policy acquires Surrender Value after paying at least one full policy years’ premium. The Surrender Value payable is higher of Guaranteed Surrender Value or Special Surrender Value. The Surrender Value is payable immediately or at the end of the third policy year, whichever is later.

Tax Benefit

    This policy provides tax benefits for premiums paid under section 80C and the policy proceeds under section 10 (10D) of the Income Tax Act, 1961.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 15 Years 50 Years (PPT 12, 16 Or 20 Years), 46 Years (PPT 24 Years)
Age at Maturity - 85 Years
Policy Tenure 85 Years Minus Age At Entry -
Premium Paying Term 12/16/20 Years 24 Years
Premium Paying Mode Annually & Monthly -
Premium Amount For PPT 12 Years- Rs 24,000 (annually), Rs 2000 (monthly) For PPT 16/20/24 Years- Rs 12,000 (annually), Rs 1000 (monthly) No Limit (subject To Underwriting)
Sum Assured Rs 115,942 (for 12 Years PPT), Rs 75,642 (for 16 Years PPT), Rs 96,339 (for 20 Years PPT), Rs 148,331 (for 24 Years PPT) No Limit (subject To Underwriting)
Freelook Period 15 Days/30 Days (for Distance Marketing Channel) From The Receipt Of The Policy -
Grace Period 30 Days (15 Days For Monthly Mode) -
Plan Type Offline -

Is any Rider Available with this Plan?

No riders can be opted under this plan.

How the Plan Works?

Raman at 35 years, wants to buy Exide Life New Fulfilling Life to get regular money backs along with life protection. He opts the plan with the premium paying term of 12 years, Sum Assured is Rs 3,52,206 with annual premium of Rs 48,000.

Scenario A: Raman Survives the Policy Term

If Mr. Raman survives till the maturity of the policy term, he receives Rs 3,52,206 plus Vested Bonus plus Terminal Bonus. The maturity benefit helps fulfill your financial objectives.

Scenario B: Raman dies during the Term of the Policy

In the event of demise of Mr. Raman during the policy term, Guaranteed Death Benefit plus Non-guaranteed benefit of Vested Bonus & Terminal Bonus is payable to the nominee.

Benefit Illustration:

Exide Life New Fulfilling Life Plan