Product Module
- 3. Exide Life categorizes it’s products into 3 major categories :
- 4. RETIREMENT AND PENSION PLANS Prepare well for the golden years of your life
- 5. RETIREMENT AND PENSION PLANS SEEK TO PROVIDE FOR FINANCIAL SECURITY IN THE POST RETIREMENT PHASE OF ONE’S LIFE.
- 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
- 12. SAVINGS AND INVESTMENT PLANS Meet your key life stage goals
- 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
- 22. EXIDE LIFE ASSURED GAIN PLUS
- 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
- 29. EXIDE LIFE SECURED INCOME INSURANCE PLANS ( REGULAR & PLUS )
- 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
- 34. EXIDE LIFE NEW FULFILLING LIFE
- 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
- 45. EXIDE LIFE NEW CREATING LIFE
- 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.
- 49. EXIDE LIFE PROSPERING LIFE PLUS
- 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
- 58. THANK YOU