Exide Life Insurance CSR

  • CSR of the Company
  • Types of Claims
  • Claim Filing Process
Buy Policy in just 2 mins

Buy Policy in just 2 mins

Happy Customers

2 lakh + Happy Customers

Free Comparison

Free Comparison

Customized Term Insurance Plan for you.

Get upto 10% Online Discount*



Exide Life Insurance Claim Settlement Ratio

The claim settlement ratio is a percentage of claims that the insurance company has paid out against the number of outstanding claims during a given financial year. This data shows the priority given by the company for processing claims. The main byword of buying a life insurance policy is that after the death of the policyholder, the insurer must pay back the amount dependent on family members, in order to secure their financial situation, and here the claim settlement ratio plays an important role when choosing the policy. The lesser the number of days taken to settle the claim, the higher the efficiency and the better the trust when buying a policy from the company.

With more than 200 branch offices, the Exide Life Insurance Company is considered to be one of the young generation insurance companies in India . The company has a good online presence too, so that the customer can avail their service easily. It was formed in 2001, since then they have crossed many milestones in the field of life insurance. According to the IRDAI's latest report for the year 2021-22, the claim settlement ratio of Exide Life Insurance Company is 99.09%. They have an easy and minimal-step claim settlement process.

Types of Claims Settlement Process by Exide Life Insurance Company

The company offers two types of claims settlement process, designed according to the needs of customers. Now, let's get into the details of the Exide Life Insurance Company Claim Settlement.

  • Online Claims Settlement
  • Offline Claims Settlement

Other Life Insurance Claim Settlement Ratio

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

Exide Life Insurance Company Online Claims Settlement

Exide Life Insurance Company has a simple, app-based claim settlement process to make the customers' experience no -trouble. You can request the company for a claim, submit your documents, and check your claim status easily on their customer app ‘ExideLife’ and on their official website as well. Exide Life Insurance offers a customer-friendly three-step claim online registering process on its website or on the mobile app, here are the steps:

Step 1: Claim Registration: This is the initial step where the nominee/claimant has to enter the policy number, name, address, email ID, and phone number in the claim intimation form. Further he/she is then asked to enter the policy details, such as the name of the insured person, the relationship of the nominee with the insured individual, type of the claim, the date of the event, and the cause of the event.

Step 2: Claim Processing: Then claim information we submitted is processed and the company asks for necessary documents. After submission of the documents, the claim request will be initiated and sent for further investigation.

Step 3: Claim Settlement: If the claim is processed and is well-founded, then the claimant/nominee is informed and the amount is credited to his/her bank account. Exide Life Insurance Claims Unit registers the claim and provides a reference number to the nominee/claimant that can be used to track the claim status.

Exide Life Insurance Company Offline Claims Settlement

Step 1: The first step to claim settlement is registration of the claim,the nominee/claimant can visit the nearest Exide Life Insurance branch to get the claim intimation form.

Step 2: The next step is to submit the necessary documents. The nominee/claimant can even submit the form and documents at the nearest branch office or dispatch it to the head office to register the claim. Exide Life Insurance Company provides the acknowledgment number to the claimant.

Step 3: The company processes the claims by investigating the documents and after approval it acknowledges the nominee. Then the claim amount gets transferred to the nominee/claimant's bank account.

Life Insurance Articles

Life Insurance FAQs

Life Insurance FAQsSeptember, 2021

Exide Life Insurance CSR: FAQs

1. After how many days does Exide life insurance settle the claim?

Exide Life Insurance settles the claims within 90 days of the last document submitted.

2. What is the name of the mobile application of Exide life insurance company?

The name of the mobile application of Exide life insurance company is ‘ExideLife’.

What Our Customers Have to Say

Customer Review Image



May 20, 2024

SUD Life term plan truly stands out my expectations as I got SUD Life term plan along with additional riders at very affordable premiums.

Customer Review Image



May 20, 2024

I am impresses with the hassle free and quick claim settlement process of SUD Life. Thanks to PolicyX who guided me to get my claim settled.

Customer Review Image



May 20, 2024

Bought SUD Life Family Income Benefit Rider plan to secure the future of my plan financially even in my absence.

Customer Review Image



May 20, 2024

I was looking for a term plan to secure the future of my family. So I contacted PolicyX and one of their representatives Mr. Vaibhav helped me choose SUD Life term plan.

Customer Review Image

Armaan khan


May 17, 2024

I recently purchased a Pramerica term insurance policy from Policyx.com. The customer service team was very helpful in answering all my queries and guiding me through the application process. I...

Customer Review Image

Rahul Yadav


May 17, 2024

PolicyX’s dedicated support made renewing my Bandhan Life Insurance policy easy. I’m absolutely delighted with the service offered by PolicyX Insurance Advisor.

Customer Review Image

Priyanshu Sharma


May 17, 2024

I bought a Bandhan Life Insurance through PolicyX, and I must say the level of communication and assistance I have received has been truly impressive.

Customer Review Image

Yash Tomar


May 17, 2024

After getting advice from the PolicyX experts, I chose a Bandhan Life Insurance term plan. Thank you, PolicyX, for helping me buy a term plan at such a low premium.

Bindiya Sinha

Written By: Bindiya Sinha

Bindiya is a seasoned content writer specializing in keeping readers acquainted with the insurance industry, term insurance developments, and life insurance sector shifts. With an experience of 3 years in insurance, Bindiya ensures that her readers stay well informed with the insurance developments and factually correct information.