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Exide Life vs Hdfc Life

Exide Life

Exide Life Insurance a subsidary of HDFC and focuses on providing long-term protection and savings plans. They have a strong traditional product portfolio.

Hdfc Life

HDFC Life is a joint venture between HDFC Ltd., India& 039;s leading housing finance institution, and Aberdeen PLC. It is present in around 980+ towns and cities in India.

COMPANY DETAILS

Exide Life

Hdfc Life

Rating	Rating 4.6	Rating 4.6
Number of life insurance plans and add-ons	No. of Plans -	No. of Plans -
Annual Premiums Collected (2023-24)	Annual Premiums Collected (2023-24) 920.58 Crores	Annual Premiums Collected (2023-24) 962.83 Cr.
Payout Options	Payout Options Lump sum, regular frequencies or a combination of both	Payout Options Lump sum, fixed payouts, or a combination of both
Claim ratio	Claim ratio 99.09%	Claim ratio 99.3%
Solvency Ratio	Solvency Ratio 2.1	Solvency Ratio 2
Branches	Branches 109+	Branches 372 branches
Riders Available	Riders Available Accidental Death, Disability and Dismemberment Rider, Critical Illness Rider	Riders Available Income Benefit on Accidental Disability Rider, Critical Illness Plus Rider, Protect Plus Rider, Health Plus Rider
Policy Term	Policy Term 10 to 35 years	Policy Term 10 to 40 years

Know More About Companies

Overview

Exide Life Insurance: Overview

Exide Life, an established and profitable life insurance company, commenced its operations in 2001-02. The insurance company is headquartered in Bangalore and is a fully owned subsidiary of HDFC, the Company manages assets of INR 18,381 Crores (as of 31 March 2021). Exide Life focuses on providing long-term protection and savings plans and has a strong traditional product portfolio. Exide Life insurance plans are diverse and flexible. Recognized as the Economic Times Best Brand under the BSFI category in 2020, Exide Life Insurance constantly emphasizes innovation. They have an extensive geographic footprint with a vast client base and steady technology up-gradation. Exide Life Insurance has become a brand that India trusts.

Exide Life Insurance ensures to look after your insurance needs by offering:

A wide array of products
Multiple premium payment options
Tax benefits

Premium discounts for non-smokers

Riders

Riders You Can Avail With Exide Life Insurance Plans

Name of the Riders	Benefits
Exide Life Accidental Death, Disability and Dismemberment Rider	Under this rider upon the any unfortunate event of disability and Dismemberment to the life insured, a lump sum payout will be given to the nominee.
Exide Life Critcal Illness Rider	Under Exide Life Critical Illness rider a lump sum equal to the rider sum assured will be payable to the nominee, upon diagnosis of critical illness during the policy term.

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