Exide Term vs Acko Term Insurance

  • Multiple policy tenure to choose from
  • Premiums starting @Rs 15/day
  • 30-day grace period
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Exide Term vs Acko Term Insurance

COMPANY DETAILS Edit Exide Life Term Insurance

Exide Term

Edit Acko Term Insurance

Acko Term Insurance

Rating
Number of term insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

920.58 Cr

Annual Premiums Collected (2024-25)

₹64.05 crore
Payout Options

Payout Options

Lump sum, monthly or a combination of both

Payout Options

Lump-Sum Payment, Fixed Monthly Payout, Increasing Monthly Payout and Lump Sum + Monthly Income
Claim ratio

Payout Options

99.68%

Payout Options

99.70%%
Solvency Ratio

Solvency Ratio

1.94

Solvency Ratio

1.96
Pan India Presence

Pan India Presence

100+

Pan India Presence

200
Riders Available

Riders Available

Accidental Death, Disability and Dismemberment Rider, Critcal Illness Rider

Riders Available

Accidental Death Benefit, Accidental Total & Permanent Disability, Critical Illness Benefit
Policy Term

Policy Term

10 to 35 years

Policy Term

5 to 40 years
Inception year

Inception year

2001

Inception year

2016
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

0.002

Complaint ratio per ₹1 crore of premium collected

Not available
Average claim settlement time

Average claim settlement time

30 days

Average claim settlement time

15 days
IRDAI registration number

IRDAI registration number

114

IRDAI registration number

164
Awards and recognitions

Awards and recognitions

Product of the Year 2019, Digital Insurer of the Year 2018, Indian Insurance Award 2016

Awards and recognitions

FICCI

Overview

Exide Life Term Insurance Plans

Exide Life Insurance offers multiple term insurance plans designed to provide financial protection and long-term security for your family. With five term plans available, it focuses on affordable premiums, high life cover, and flexible policy options. Not only do these term plans offer financial help to the beneficiary in the absence of the insured, but also come with a bucket full of features like tax benefits, additional options for riders, affordable premiums, wide coverage, and much more.

What are the
key features
of this plan?

  • Long term cover

  • Return of premium

  • Enhanced protection

  • Affordable Premiums

  • Tax benefits

  • Flexible PPT

Riders

Riders You Can Avail With Exide term 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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Acko Term Insurance

Explore India’s best-selling Term insurance plans below

Acko Insurance is a private sector general insurance company in India. Founded in November 2016, the company received its license from the Insurance Regulatory and Development Authority of India in September 2017

Acko Life Insurance Flexi Term Plan offers flexible life cover with customizable payout options.You can adjust the sum assured and benefits as your ne...

Unique Features

  • Will Creation Services
  • Flexi Benefit
  • Optional Riders

Acko Life Flexi Term (Pros)

Acko Life Flexi Term
  • Annual coverage upgrade option
  • Flexible sum assured option
  • Quick policy modification system

Acko Life Flexi Term (Cons)

Acko Life Flexi Term
  • Suicide is not covered in the first year
  • Fraud or misstatement
  • Death due to alcohol
  • war or terrorism.

Acko Life Flexi Term (Other Benefits)

Acko Life Flexi Term
  • Flexible payout structure
  • Instant policy servicing
  • Multiple rider options

Acko Life Flexi Term (Eligibility Criteria)

Acko Life Flexi Term
  • Entry Age - 18 Years
  • Max Entry Age - 70 years
  • Minimum Sum Assured - Adaptable
  • Maximum Maturity Age - 85 years Premium Payment Term - RP/SP/LP
Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.