Exide Life Insurance
Exide Life Insurance Premium Calculator Online

Exide Life Insurance Premium Calculator

A premium calculator for Exide Life Insurance is a web-based tool that estimates the premium based on the chosen policy and a number of additional variables, including age, gender, policy term, frequency of premium payments, sum assured, etc.

This Exide Life Insurance premium calculator is a practical tool to use because it just requires a small amount of information to calculate the precise premium. You can adjust this calculator to your needs by making it your own. In order to purchase the most cost-effective plan, combinations of the coverage provided and the policy term can be made using the Exide Life Insurance premium calculator.

Importance of Using Exide Life Insurance Premium Calculator

It’s not simple to choose the best insurance plan among the hundreds of options on the market. Most consumers conduct extensive product research before selecting a plan that meets their needs. Premium calculators are quite helpful in assisting clients in selecting the best plan because the cost is one of the key elements to take into account.

The price of life insurance policy depends on a number of variables, including age, income, the amount of coverage, smoking habits, overall health, etc. Customers can find out exactly how much money they need to spend to receive the coverage they want by entering these facts into a premium calculator. In this way, premium estimators are quite beneficial while making decisions about life insurance.

Types of Exide Life Insurance Premium Calculator

The following are the types of Exide life insurance premium calculators that you should know about:

Exide Life Insurance Calculator

A policyholder can estimate the premium payment required to receive the benefits of a term insurance policy by using a life insurance calculator. A life insurance calculator also allows users to examine several options and select one that best suits their family’s needs.

  1. Go to the official website of Exide Life.
  1. After that, you will need to scroll down to the end, and then you will find “Saral Jeevan Bima” under the “Life Insurance Plans”.
  1. Once you will be directed to the page where you will find “Get a Quote Now” in the red colored box. Click on it.
  1. Then, you will need to enter details like your name, mobile number, and email Id.
  1. Then, you will need to enter the life cover, and select your gender, and date of birth.
  1. Finally, you will get a quote (the amount that you need to pay per year).

Exide Life Term Plan Calculator

Life Insurance Premium Calculator is nothing but a tool that is used to calculate the insurance premium based on age, premium frequency, policy term, sum assured, etc. If you want to know about the term plan calculator and calculate the premium you need to pay, you will need to follow these steps:

  1. Go to the official website of Exide Life.
  1. After that, you will need to scroll down to the end, and then you will find “Term Plan Calculator” under the “Get a Quick Quote” to the left.
  1. Click on the “Term Plan Calculator”.
  1. After that, you will need to be directed to the page wherein you will need to enter “Life Cover Required”, Date of Birth, Select Your Gender, choose premium payment term, and choose policy term (in years).
  1. Click on “Next”

Let’s take an example to understand!

A financial banker, Rahul Jain, who is 30 years old, and lives in Delhi decided to choose a term plan. And now he wants to calculate the amount and period for which he needs to pay.

If he takes a life cover of Rs. 2,00,00,000 with policy term and premium payment term for 12 years, then Mr. Jain will pay Rs. 12,300 per year.

Exide Life Investment Calculator

The investment calculator lets you estimate how much your investments may grow, all you need to do is simply enter the input initial deposit, planned contributions, interest rate, and time.

The following are the tips to use an investment calculator.

  1. Go to the official website of Exide Life.
  1. On the home page, you will need to hover over the “Planning Tools”, and then click on “Investment Calculator”.
  1. After that, simply enter the amount that you are planning to invest.
  1. Select the frequency, either monthly or yearly.
  1. Once you are done with selecting the duration of investment (Range from 1-100 Years).
  1. Finally, you are required to select the expected Growth Rate (Range from 1% to 30% per annum).

How To Calculate Premium of Your Exide Life Insurance?

Let’s take an example to understand the premium you need to pay with your Exide Life insurance.

A post-graduate software engineer, named Vikram Pahuja, who is 29 years old decided to buy Smart Term Pro Exide life insurance. His annual income is Rs. 7,00,000. He chooses a sum insured of Rs. 15,00,000 and doesn’t smoke or chew tobacco.

Also, Mr. Pahuja chooses a policy term of 40 years with 12-pay monthly installments with a life cover of Rs. 15 Lakhs.

The final amount that he needs to pay is Rs.1,328 and the maturity benefit that he will get is Rs. 1,83,024.

NameAgeAnnual IncomeSum InsuredPolicy TermLife CoverPremium AmountMaturity Benefit
Vikram Pahuja29 YearsRs. 7,00,000Rs. 15,00,00040 YearsRs. 15 LakhsRs. 1,328Rs. 1,83,024