New Creating Life Insurance Plans

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NEW CREATING LIFE INSURANCE PLANS

Exide Life Insurance brings you a new class of child insurance plans under the bouquet
“Exide New Creating Life Insurance Plans”. This plan is designed to offer financial
security for your children’s goals.

We are showing three options to select

Option I:

The annual premium of Rs.30000/- paid for 15 years. The Sum Assured is
Rs3,36,399/-. The maturity amount will be Rs.8,66,227/- at the end of 15 years

Option II:
The annual premium of Rs.40000/- paid for 15 years. Ths sum assured is
Rs.4,51,289/-. The maturity amount will be Rs.11,62,069/- at the end of 15 years.

Option III:

When the annual premium of Rs.50000/- paid for 15 years. The sum assured is
Rs.5,66,505/-. The maturity amount will be Rs.14,58,750/- at the end of 15 years.

Option III:

When the annual premium of Rs.100000/- paid for 15 years. The sum assured is
Rs.11,57,116/-. The maturity amount will be Rs.29,79,574/- at the end of 15 years

Age of your kid is 2.5 years and this policy will matures at the age of 17.5 years. This
will be useful at the time of BE / MBBS admission.

Note: Maturity amount includes Sum assured + Annual Bonus + Terminal Bonus

When there is any problem immediately the sum assured given to nominee and family
income benefit option for 60 months provided. Future premium paid by the company
(waiver of premium) and the policy continues, The maturity amount as usual given at
the end of 15 year as committed. This is special features of this plan

Loan facility is available after 3 years and the amount will be 80% of the paid premium.

Tax benefit under 80C and 10(10D)

Factors decide the performance of the life insurance company:

1. Claim settlement Ratio : 96.8 %


2. Bonus declaration: 7.5%
3. Solvency ratio:2.52 Which is higher than the minimum requirement of 1.50

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