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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 an Economic Times Best Brand in the BFSI category in 2020, Exide Life Insurance constantly emphasizes innovation. They have an extensive geographic footprint with a vast client base and steady technology upgradation. 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

COMPANY DETAILS

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Exide Life

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Hdfc Pension Plans

Rating	Rating 4.6	Rating 4.6
Number of life insurance plans and add-ons	No. of Plans - ❯	No. of Plans - ❯
Annual Premiums Collected (2024-25)	Annual Premiums Collected (2024-25) ₹ 920.58 Crores	Annual Premiums Collected (2024-25) ₹ Rs 1 lakh to No limit
Payout Options	Payout Options Lump sum, regular frequencies or a combination of both	Payout Options -
Claim ratio	Payout Options 99.68%	Payout Options Minimum Age- 30 year%
Solvency Ratio	Solvency Ratio 1.94	Solvency Ratio 85 years
Pan India Presence	Pan India Presence 109+	Pan India Presence Annual, half-yearly,
Riders Available	Riders Available Accidental Death, Disability and Dismemberment Rider, Critical Illness Rider	Riders Available 10 to 30 years
Policy Term	Policy Term 10 to 35 years	Policy Term 10 to 40 years
Inception year	Inception year -	Inception year -
Complaint ratio per ₹1 crore of premium collected	Complaint ratio per ₹1 crore of premium collected -	Complaint ratio per ₹1 crore of premium collected -
Average claim settlement time	Average claim settlement time -	Average claim settlement time -
IRDAI registration number	IRDAI registration number -	IRDAI registration number -
Awards and recognitions	Awards and recognitions -	Awards and recognitions -
Recommended Videos	Exide Life Insurance Plans \| Exide Life Insurance 2025 \| Exide Life Insurance Full Details 2025

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 unfortunate event of disability or dismemberment to the life insured, a lump sum payout will be given to the nominee.
Exide Life Critical 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 a critical illness during the policy term.

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