Exide Life Star Saver Plan Review

Exide Life Star Saver Plan is a limited payment savings cum insurance plan. Exide Life Star Saver offers guaranteed tax free maturity benefit along with comprehensive protection over the entire policy term.

Type Of Plan   Traditional Endowment Non Participating
Return Type  Fully Guaranteed
Tenure   Medium Term
Minimum Term      10
Maximum Term       15
Premium Flexibility  Annual
Minimum Premium      24000
Maximum Premium   No Limit
Minimum 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 (age last birthday)
Maximum Age at Entry   18 Years - 75 years (age last birthday)
Riders Available  Protection against Critical Illnesses: Exide Life Critical Illness Rider  Additional Life Cover                              : Exide Life Term Rider
Policy Allocation Charge  NA
Policy Administration Charge NA 
Fund Management Charge NA 
Surrender Charge  Reduces With increase of Premium Payment Term 
Mortality Charge  NA 
Life Coverage( Sum assured)   10 X Annual Premium or Maturity Sum Assured
IRR     5.13%     *
Life Covered Till(Maximum)  75
Maturity Benefit   1.82 Times of Total Premium Paid
Death Benefit     10 Times of Annual Premium
Waiver of premium    No
Survival Benefit    Lump-sum on Maturity
Lapse Benefit   No Benefits 
Loyalty Additions     10-15% Of Maturity Sum Assured Based on term. Refer Broucher
Fund options available  NA
Systematic Transfer Plan NA 
Automatic Asset Allocation NA 
Top -ups  in between NA 
Section 80C(On premium paid) YES
Section 10(10d) on Maturity  YES 
Systematic Partial withdrawal  NA
Partial Withdrawal   NA 
Loans YES 
Surrender Before Maturity YES
Money Back In-between NO 

* The IRR is calculated without taking life insurance benefits into consideration.

Exide Life Star Saver Plan Review

Exide Life Star Saver is an Traditional Endowment Non Participating Plan. This plan provides guaranteed returns. All the Benefits under this plan is fully guaranteed. The Guaranteed returns in this plan accrue as Guaranteed Additions and Loyalty Additions. Exide Life saver plan offers an inbuilt Accidental death Benefit Rider. On death the client receives sum assured plus guaranteed Additions accrued till date.

What You Pay and What You get

Example Illustration:

Mr Arun aged 26 is taking Exide Life star saver plan for annual premium of Rs 200000. Premium payment term is 5 years and Policy term is 15 years. Lets understand what benefits he will get if all the premiums are paid.

TOTAL PREMIUMS PAID                                               : Rs.1000000


DEATH SUM ASSURED                                                    : Rs 2100000

DEATH DUE TO ACCIDENT                                            : Rs 2100000 + Rs 2100000

The Maximum returns can be obtained in this plan if you choose 15 years term and premium above Rs.200000.

The Above returns are calculated basis the premium quote generated through the companies website.

Bonus History/ Fund Performance History

Since this is an guaranteed return product, there is no Bonus history available for this plan. The returns in this plan depends on the guaranteed additions added to the policy every year.

What happens if you discontinue your premiums?

  • If you discontinue premium payment term before 2 years policy term, the policy becomes lapse and no benefits are payable
  • If atleast 2 years premium is paid, the policy becomes paid up.


The policy offers liquidity through loans.  You can avail loan up to 80% of the surrender value if atleast 2 years premiums are paid.

If You want to surrender the policy 

You can surrender the policy any time after completion of 2 year premium payment. For surrender value please refer product broucher.


This post on Exide Life Star Saver Plan Review is just a review of what the plan offers to the customers. We aim at educating ins and outs of this plan. We are trying to simplify the product and make it easy to understand. The Returns provided in this post are for Illustrative purpose only.  The waytoinsurance score is given by our own metrics of calculation and are no way related to the performance of this plan. All these details are derived from the below links. We are aiming at providing financial literacy for the common man.

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