EXIDE LIFE INSURANCE

INTRODUCTION

Exide Life Insurance Company Limited, is a 100%Indian owned life insurance company, owned bythe Exide Industries. Exide Life Insurance distributesits products through multi-channels viz. Agency, Bancassurance, Corporate Agency & Broking as well asDirect Channels. The Agency channel consists of50,000 advisors who are attached to over 200company offices across the country. The companyalso offers group life insurance solutions.

The company has over 15 lakh customers andmanages over INR 11,015 crores in assets.

It has been operating since 2001 and headquarteredat Bangalore. It deals with the life insurance products,providing long-term protection and savings option.

CEO Of Exide

Kshitij Jain

OUR PRODUCTS

EXIDE LIFE SMART TERM PLAN

EXIDE LIFE TERM RIDER

HEALTH PLAN

Exide Life Smart Term Plan

Exide Life Smart Term Plan, a unique

plan that offers you comprehensive

protection options and returns the

premiums paid by you on completion of

policy term.

Benefits of plan

Protection with higher return of premium

Under this option, you pay for a chosen Life Coverand on completion of policy term an amount up to150% of annual premiums paid by you is returned.This payout depends on the policy term chosen by you(See Table below).

Policy Term (Years) Return of Premium

10 - 14 Years 110%

15 - 19 Years 120%

20 - 24 Years 130%

25 - 29 Years 140%

30 Years 150%

Exide Life Term Rider

It is an add on product that can be attached to selectExide Life Insurance Traditional plans for enhancedlife cover at a nominal additional premium.

Benefit of Plan: Get up to double life cover

Get up to double life cover in select Exide LifeInsurance Traditional Plans. In case of an eventuality,this amount will be paid in addition to the base planlife cover amount.

HEALTH PLAN

Exide Life Sanjeevani:

Exide Life Sanjeevani is the first fixed benefit healthinsurance plan offering comprehensive coverageagainst Heart and Cancer related conditions.

Double Claim Benefit : Claim In Addition to Any Existing Health Insurance-

We will pay you the benefit on diagnosis of covered Heart and Cancer conditions even if you have filed a claim under any existing health insurance policy that you may have.

RIDERS PLAN

Exide Life Accidental Death Disability

and Dismemberment Rider

It is an add-on that can be attached to a traditional Exide

Life Insurance Policy and provides enhanced coverage

in case of accidental death, disability or dismemberment.

Benefits of Plan:

An additional lump sum amount is paid in case of

accidental disability, dismemberment or death.

It can be attached to select Exide Life Insurance

traditional plans without any need of buying a new

policy.

Goods and Services Tax (GST)

applicable on Life Insurance Policy+

- As mandated by Government of India,

Goods and Services Tax (GST) will come

into effect on

1st July 2017 and will replace the existing

Service Tax and other cess levied on

Insurance policies.

Here is how your Life Insurance premiums

will get impacted:

YOUR POLICY TYPE Current Applicable

Service Tax Rate

GST Rate Effective

01.07.17

Traditional/ Endowment

Plans 1st Year Premium

3.76% 4.50%

Traditional/ Endowment

Plans 2nd Year onwards

1.87% 2.25%

Term Plans, Health

Plans and Riders

15.00% 18.00%

Unit Linked Insurance

Plans(ULIPs)

15.00% 18.00%*

Annuity Single Premium

Plan

1.50% 1.80%

CLAIM PROCESS

A simple process to ensure your claim is settled with ease and minimal documentation.

Register your claims as soon as the loss has occurred.

Use the claim intimation form available at

• Your nearest Exide Life Insurance Branch Office Locate a Branch

• Online claim registration on website Register a claim online

• Write to us at Claims@exidelife.in

Fill the form completely and attach

required documents.

You can submit the same at nearest

SITUATIONS

Natural Death

Accidental or Unnatural Death

(including Suicide)

Accidental Disability and

Dismemberment Claim

Critical Illness

Terminal Illness

Waiver Of Premium

TERMS AND CONDITIONS

In this Policy, unless the context requires otherwise, the following words and expressions shall have the meaning ascribed to them respectively herein below:

Age shall be age of Life Assured at entry based on Age Last Birthday and is stated in the Policy Schedule.

Benefits mean the applicable benefits payable in accordance with Clause 3 of the terms of the Policy.

Eligible Person means the Policyholder, including assignees under Section 38 of the Insurance Act, 1938, or nominees under Section 39 of the Insurance Act, 1938, or proving executors of administration or other legal representatives, as per the applicable Regulations.

Grace Period means the time granted by the Company from the due date for the payment of Premium without levy of any interest or penalty during which time the Policy is considered to be in force. The Grace Period so granted is 15 (fifteen) days for Monthly mode and 30 (thirty) days for all other premium payment modes from the respective Premium payment due date.

Guaranteed Death Benefit (GDB)

means the amount of life insurance

cover as specified in the Policy

Schedule or such amount as may be

endorsed on the Policy or the reduced

death benefit as per the applicable

terms of this Policy which is payable

by the Company to the Eligible Person

as per Clause 3.3 .

Guaranteed Surrender Value (GSV)

means the value accrued after payment

of at least 1 (one) full year’s premium

for all PPTs, as per clause 4.4.2. of the

terms of this Policy.

Guaranteed Maturity Benefit (GMB)

refers to the maturity benefit mentioned

in the Policy Schedule and payable to

the policyholder as per Clause 3.2

mentioned below, subject to his survival

till end of the Policy Term.

Policyholder means the person as specified in the Policy Schedule. Policy Commencement Date is the Date, Month and Year the Policy comes into effect and is as specified in the Policy Schedule. Policy Maturity Date means the date on completion of the Policy Term as specified in the Policy Schedule. Policy Schedule means the Schedule issued by the Company and attached to and forming part of this Policy. Policy Term means the tenure of this Policy as specified in the Policy Schedule.

Premium means the amount payable in a Policy Year on the due date as set out in the Policy Schedule.

Premium Payment Term (PPT) means the period in years during which Premiums are payable under the Policy, as specified in the Policy Schedule.

Life Assured means the person named as mentioned in the Policy Schedule, and on whose life the Policy has been taken in terms hereof.

Regulations mean the laws and regulations in effect from time to time and applicable to this Policy, including without limitation the various circulars, regulations and directions issued by the Regulatory Authority from time to time.

Regulatory Authority means the

Insurance Regulatory and

Development Authority and/or such

other authority (ies) as may be

designated under the applicable

Regulations.

Rider or the Rider Policy means the

Rider/s, if any, issued by the

Company, attached to and forming

part of this Policy.

Rider Benefits means the Benefits

payable under the Rider and

mentioned in the Rider Policy.

. Requirements for maturity

claimsIn case of maturity claims

a. Original Policy document

b. Discharge Form

c. Self-attested ID Proof

d. Bank account details

EXCLUSIONS

Suicide: In case the life assured commits suicide, while sane or insane, within one year from the date of commencement of policy or from the date of reinstatement of the lapsed policy, the company will not be liable to pay the benefits under the policy other than what is specified below: Death occurs within one year from policy commencement date: 80% of premium paid, excluding GST. Death occurs within one year from reinstatement date: Higher of 80% of premiums paid, excluding GST, till the date of death or the Surrender Value as available as on the date of death.

Lien: In case of minor lives aged below

12 years, life cover shall commence

two years from date of

commencement of policy. In case of

such deaths prior to commencement

of risk cover; the death benefit shall be

restricted to refund of premiums

without interest.

Fraud, Misrepresentation and

forfeiture

Fraud, Misrepresentation and forfeiture

would be dealt with in accordance with

provisions of Sec 45 of the Insurance

Act 1938 as amended from time to

time.