Exide Life Insurance launches Exide Life Star Saver, a savings-cum-insurance plan

Exide Life Insurance Launches Exide Life Star Saver - a limited payment savings cum insurance plan. The plan has a premium payment term of 5 years. There are 3 policy term options to choose from namely 10, 12 or 15 years. There is a Double Life Cover in event of an accident and the maximum age at entry is 60 years.

Under Exide Life Star Saver, you are required to pay premiums only for 5 years, while you continue to enjoy life cover over the entire policy term. On staying invested for the chosen policy term, you get a guaranteed lump sum amount on maturity, which is tax free*. In addition to the life cover amount, you get an additional life cover of an equivalent amount in case of an unforeseen event due to an accident.

You can enhance protection under this plan by opting for riders by paying a nominal additional premium, where you can choose from Exide Life Critical Illness Rider to cover up to 25 critical illnesses or

Sanjay Tiwari, Executive Vice President – Products Management at Exide Life Insurance, said “When you have a guarantee on returns, you can easily plan your family’s dreams with confidence. Exide Life Star Saver, a simple & easy to understand plan, has been designed on this philosophy by assuring a tax free maturity benefit depending on choices made by the customer while purchasing this plan. Any person up to the age of 60 years can invest in this plan by paying a minimum of Rs 24,000 as annual premium for 5 years.”