Maturity amount is the amount an insurance policyholder gets when their insurance policy reaches its maturity. Maturity amount for Exide Life Insurance is calculated in the following way:
Half yearly/Annual Earnings: When your policy matures, you will receive the half yearly/annual earnings, as per the policy, along with the lump sum Maturity Benefit.
Maturing Benefits: Depending on the type of plan you have chosen, there are several benefits that you will receive. These include Accumulated Bonus, Final Additional Bonus, Terminal Bonus and Loyalty Bonus.
Accumulated Bonus: It is calculated based on your premium payments and the accumulated bonuses declared by the insurance provider in your policy term.
Final Addition Bonus: This bonus is based on your policy’s performance. It may or may not be part of the maturity payout.
Terminal Bonus: This bonus is specified as part of the policy plan you have chosen. It is usually higher than the Accumulated Bonus.
Loyalty Bonus: This bonus is applicable if you have held the policy for more than 10 years.
Maturity Amount: Your maturity amount is the sum of the half-yearly/annual earnings and all the bonuses mentioned above.
To get an exact idea of what your maturity amount will be, visit Exide Life Insurance’s website and use their Maturity Calculator. Here is a link to it: https://www.exidelife.in/maturity-calculator/.
