Exide Term
vs
Lic Term

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

Exide Term

Exide Life, an established insurance company, commenced its operations in 2001-02. The insurance company is headquartered in Bangalore and is a subsidiary of HDFC.

Lic Term

One of the most trusted and legacy insurance names. LIC started its journey 6 decades ago and more than 250 million people are associated with the brand.

COMPANY DETAILS Edit Exide Life Term Insurance

Exide Term

Edit LIC Term Insurance

Lic Term

Rating
Number of term insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

3767.96 Cr

Annual Premiums Collected (2023-24)

Rs 474668.14 crores
Payout Options

Payout Options

Lump sum, monthly or a combination of both

Payout Options

Lump sum, monthly, or a combination of both
Claim ratio

Payout Options

99.09%

Payout Options

98.6%
Solvency Ratio

Solvency Ratio

1

Solvency Ratio

1.8
Pan India Presence

Pan India Presence

100+

Pan India Presence

2000+
Riders Available

Riders Available

Accidental Death, Disability and Dismemberment Rider, Critcal Illness Rider

Riders Available

Accidental Death and Disability Benefits Rider, Accidental Death Benefits Rider, Critical Illness Rider, Premium Waiver Benefit Rider
Policy Term

Policy Term

10 to 35 years

Policy Term

5 to 35 years

Know More About Companies

Overview

Exide Life Term Insurance Plans

Exide Term Insurance provides a variety of term insurance products. It offers 5 term insurance policies for its consumers to secure them financially. 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 some of the
Benefits
that set them apart?

  • 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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LIC Term Insurance

Explore India’s best-selling Term insurance plans below

One of the most trusted and legacy insurance names. LIC started its journey 6 decades ago and more than 250 million people are associated with the brand.

LIC Jeevan Amar plan is a non-linked, non-participating, without profit, offline pure protection term insurance plan. With several benefits, LIC Jeeva...

Unique Features

  • Rebate on High Sum Assured
  • Discounted Premium for Women
  • Add-on cover with Accident Benefit Rider

LIC Jeevan Amar (Pros)

LIC Jeevan Amar
  • Choose your policy term
  • Flexibility to choose from two benefit
  • Special rates for women

LIC Jeevan Amar (Cons)

LIC Jeevan Amar
  • No maturity benefits
  • No survival benefits
  • No policy loan

LIC Jeevan Amar (Other Benefits)

LIC Jeevan Amar
  • High sum assured rebate
  • Choose the riders of your choice
  • Attractive premium rates for non-smokers

LIC Jeevan Amar (Eligibility Criteria)

LIC Jeevan Amar
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - 25 lakhs
  • Max maturity age - 80 years
  • PPT - RP/SP/LP

LIC's Tech Term plan is a non-linked, non-participating online, pure risk premium plan, that provides financial protection to the insured's family in ...

Unique Features

  • Online Application
  • Rebate on High Sum Assured
  • Lower Premium for Women

LIC Tech Term Plan (Pros)

LIC Tech Term Plan
  • Choose from two benefit options
  • Opt for payment of benefit in installments
  • Special rates for women

LIC Tech Term Plan (Cons)

LIC Tech Term Plan
  • No maturity benefits
  • No survival benefits
  • No policy loan

LIC Tech Term Plan (Other Benefits)

LIC Tech Term Plan
  • High sum assured rebate
  • Choose your policy term
  • Enhance your protection with riders

LIC Tech Term Plan (Eligibility Criteria)

LIC Tech Term Plan
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - 50 lakhs
  • Max maturity age - 80 years
  • PPT - 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.