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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 has a constant emphasis on 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 has achieved multiple awards and accolades since its inception:
If you are planning to purchase a life insurance policy, you must evaluate the important parameters of the insurer first. Buying a policy is a crucial decision and most of all, a long-term investment. Therefore, it is important to ensure that you have full information about the Insurer & the Insurance policy you choose.
To help you analyze the performance of Exide Life Insurance Company, we have examined a few factors such as claim settlement ratio, solvency ratio, etc that will help you to get an insight into the company's performance:
Below mentioned are some of the benefits that Exide Life Insurance company offers:
The extraordinary range of insurance products
Multiple Premium Payment options
Avail Tax Benefits
24*7 Customer Care Service
The company offers a rich product mix including protection plans to strengthen the family's financial foundation, savings, and investment plans to meet various life goals, and retirement plans to secure your golden years.
Exide life insurance makes premium payment easier with its multiple premium payment options like online payment, auto-debit from a bank account, cheque, cash, and multiple cash-only centers.
With Exide Life Insurance plans, the policyholders can avail of tax deductions as allowed under the Income Tax Act 1961.
Exide Life Insurance has customer satisfaction as its prime endeavour. It offers easy procedures for renewing your insurance policies. By providing one of the most customer-friendly claim procedures, Exide Life Insurance endears itself to its policyholders by providing them peace of mind that the future of their family members is in safe hands.
Exide Life Insurance Plans are designed to cater to every insurance-related need of an individual. Be it a term plan, investment plan or retirement plan, the company has it all. Following is the list of plans which are offered by Exide Life:
Plan Name | Entry Age | Max. Maturity Age | Sum Assured |
Saral Jeevan Bima | 18-65 years | 70 years | Rs. 5-25 Lakhs |
Smart Term Pro | 18-60 years | 80 years | Rs. 15 Lakhs to maximum as per the Board Approved Underwriting policy of the company |
Smart Term Edge | 18-58 years | 75 years | Rs. 5 Lakhs to maximum as per the Board Approved Underwriting policy of the company |
Term with Return of Premium Plan | 18-50 years | NA | Rs. 5-25 Lakhs |
Know More About: Exide Term Insurance Plans
Plan Name | Entry Age | Max. Maturity Age | Policy Tenure |
New Creating Life Insurance Plan | 18-45 years | 60 years | 20 years |
Smart Income Plan | 4-60 years | 97 years | 19 years| 25 years| 31 years| 37 years |
Star Saver | 3 - 60 Years | 75 years | 10, 12 and 15 Years |
Saral Jeevan | 8-50 years | 65 years | 6,8,10 years |
Saral Bachat | 8-50 years | 65 years | 6,8,10 years |
My Assured Income Plan | 2 - 60 years | NA | 10/16 years |
Secured Income Insurance Plans | 0-50 Years | 70 years | 20 years |
Income Advantage Plan | 3-55 Years | 80 years | NA |
Guaranteed Income Insurance Plan | 3-55 years | NA | 16/20/24/30 years |
Guaranteed Wealth Plus | 3-60 years | 101 years | Lump Sum Variant: 12 & 15 years Income Variant: 37/39/41 |
Wealth Maxima | 0-65 years | 75 years | 10, 15 to 20 Years |
Assured Gain Plus | 3-65 years | 80 years | 10, 12 or 15 years |
Wealth Builder | 8-65 years | 75 years | 5/10 years |
Wealth Elite | 0-65 years | 75 years | 10-20 years |
Sampoorna Jeevan | 18-60 years | 100 years | Sampoorna Jeevan 75 : 75 minus age at entry Sampoorna Jeevan 100 : 100 minus age at entry |
New Fulfilling Life | 15-50 years | 70 years | 85 years minus age at entry |
Retirement plan is a form of life insurance plan that is designed to meet your post-retirement needs and help you to live a stable and happy life. Check the Exide Life Retirement Plan below-
Plan Name | Entry Age | Policy Tenure | Sum Assured |
Exide Life New Immediate Annuity | 18-65 years | 5- 35 years (subject to maturity age of 70 years) | Minimum: Rs. 5,00,000 Maximum: Rs. 25,00,000 |
Exide Life Smart Pension Plan | 40-80 years | NA | NA |
Qualifying Recognised Overseas Pension Scheme (QROPS) | NA | NA | NA |
Exide Life Saral Pension | 25-70 years | 5-55 years | NA |
The health insurance plan is basically a general insurance product. Exide Life Insurance offers a specific health plan, which is hard to get anywhere else. Let's check it out below-
Plan Name | Entry Age | Policy Tenure | Sum Assured |
Exide Life Sanjeevani | Minimum: 18 years Maximum: 65 years | Minimum - 5 years Maximum - 35 years subject to maturity age of 70 years | Minimum: Rs. 5,00,000 Maximum: Rs. 25,00,000 |
To give you enhanced protection, Exide Life Insurance Policy offers several riders that will help the individual to customize their plan as per their needs and requirements.
Making a claim under Exide Life Insurance Policy is an easy & simple process. Just follow the below-mentioned step to make a claim for Exide Life Insurance Company:
You could also write to them at claims@exidelife.in Upon completing the registration process, you shall receive an acknowledgement for the same. You can use the policy number to clear all your queries regarding the claim until the declaration of the decision.
If your request is accepted, the money shall be transferred to the claimant's account.
Note - You can also file the claim by visiting the nearest company's branch office.
For filing a claim for Exide Life Insurance Plans, you need to submit some documents along with the application. Below is the list of documents that you need to submit to file a claim under Exide Life Insurance.
3rd Floor, JP Techno Park, No. 3/1, Millers Road,Bangalore- 560 001, India
websales@exidelife.in
care@exidelife.in
customer-service/complaints-and-feedback/write-to-us
1800 419 0808
1800 419 8228; +91 80 4134 5444
080 49280628 (between 9:00 am and 6:00 pm)
Below mentioned are some premium payment modes made available by Exide Life Insurance plans
It can be done online in 3 easy steps:
You can visit the company branch and submit the duly filled surrender form and the necessary documents. Once the submitted documents have been received, you get a notification from the company and the refund will be initiated.
Generally, Life insurance plans come out with a free look in a period of 15- 30 days. If you cancel Insurance during this period, the total premium amount would be refunded and only the stamp duty fees will be deducted along with the proportional risk charges for the days you are being covered.
Various modes of payment are available that help in paying your premium online such as Debit card, Credit card, payment wallet, UPI, and Net Banking.
The website of Exide Insurance company incorporates a lot of planning tools and calculators, which help you in your financial planning. You can simply apply these tools to check how prepared you are. With the help of these, you can put all your relevant details and find out accordingly.
One can avail tax benefit of up to Rs.1.5 lakhs (from the taxable income) post paying the premium of term insurance plan. This helps in reducing the tax liability. The amount which is received from a term insurance plan after the death of a policyholder is also entitled to tax exemption under section 10(10D) of the Income Tax Act, 1961.
Unit Linked Insurance Plan (ULIP) is a mix of insurance along with investment. However, the returns are never guaranteed in ULIP. Hence, the returns of your investment will largely depend on the market conditions and performance of various funds.
For all your scheme/policy related queries, you can check out the following details:-
Indians who have worked in the UK might have made some regular contributions from their income towards a pension fund. If they plan to move out of the UK, their pension funds can be transferred tax-free to pension schemes in India registered as QROPS.
Follow the below mentioned steps to check the policy status of your Exide Life Insurance:
One has the option to renew their policy online or offline. To renew your insurance online, go to the renewal page on Exide Life Insurance's official website, input the relevant policy information such as your name and policy number, and then pay the premium to renew your coverage.
To renew your coverage via the offline approach, go to any Exide Life Insurance branch and make a premium payment.
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