Exide Term Insurance

Exide Life, an established insurance company, commenced its operations in 2001-0 ...Read More

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Google Ratings (2500+)

11+ Years

IRDAI Approved

5M+

Quotes Generated

100K+

Happy Customers

PolicyX is one of India's leading digital insurance platform

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No Spam
No Gimmicks

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Personalised
Insurance Advice

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Himanshu Kumar
Written By:
Himanshu

Himanshu Kumar

Term & Life Insurance

Himanshu is a content marketer with 2 years of experience in the life insurance sector. His motto is to make life insurance topics simple and easy to understand yet one level deeper for our readers.

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Reviewed By:
Raj Kumar

Raj Kumar

Health Insurance

Raj Kumar has more than a decade of experience in driving product knowledge and sales in the health insurance sector. His data-focused approach towards business planning, manpower management, and strategic decision-making has elevated insurance awareness within and beyond our organisation.

Updated on Aug 13, 2025 4 min read

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

  1. Solvency Ratio
    1
  2. Claim Settlement Ratio
    99.09
  3. Annual Premium
    3767.96 Cr
  4. Branches
    100+

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.

Benefits of Exide Term Insurance

Exide Term Insurance is one of the most trustworthy and reliable insurer partners you can choose from. Here are the reasons why you should choose Exide Term Insurance Plans:

Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Eligibility Criteria of Exide Term Insurance Plans

To purchase an Exide term insurance plan in 2025, certain eligibility criteria must be met. Let's understand the eligibility criteria in detail.

Age: A person between the ages of 18 and 65 is eligible to apply for a term life insurance plan. The policyholder’s age is a key factor in the term insurance plan’s premium. 

Health condition: Since an Exide term insurance plan insures the policyholder’s life, most insurance providers require a policyholder to undergo a health examination to determine the current health condition and the inherent risks for the insurer. Be completely honest about your health condition and medical history to avoid issues during claim settlement. 

Income: An Exide term insurance plan has no specified minimum income requirement. However, they might ask you for your bank statement copies and salary slips to determine the coverage on your term plan. 

Smoking habits: If you smoke or have been a smoker in the past, you must disclose this information to the insurer. It is because smokers are exposed to severe health hazards like lung cancer.

Citizenship: Indian citizens can buy an Exide term insurance plan in India in their name. However, NRIs or PIOs can also leverage the benefits of a term insurance plan in India.

Additional Benefits Offered By Exide Term Plans

Exide Life Term Insurance Plans offer various additional benefits to the policyholders.

Return of Premiums

Policyholders can avail up to 150% of the paid premiums back as death benefit payout or upon surviving maturity..

Death Benefit

The plans offer multiple options in Death Benefit payouts. Buyers can choose the best one for their families depending on their potential needs and current financial situation.

Longer-term Cover

Each Term Plan comes with a host of riders against death, disability and/or dismemberment that users can avail of for enhanced protection.

Whole life coverage

Exide term plans offers whole life coverage upto the age of 99 years.

Higher sum assured

Each Term Plan of exide life insurance offers higher sum assured amount from Rs. 5 Lac to no limit.

Types of Exide Life Term Plans

There are various Exide life term plans based on their features, policy tenure, benefits, etc. You can choose the one that best suits your requirements.

Basic Term Plan

Plan Name: Exide Life Smart Term Pro

This Plan offers comprehensive coverage including death benefit as well as maturity benefit to the policyholder.

Documents Required to Buy Exide Term Insurance

Here are the documents required to buy Exide Term Insurance:

  • Regular Smoking
    Photo ID Proof
  • Your Occupation
    Age Proof
  • Pre-Existing Diseases
    Address Proof
  • Your Age
    Medical Records
  • Your Gender
    Income Proof
Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy a Exide Term Insurance Plan?

You can buy the Exide Term Insurance policy from Policyx.com or the Exide Term Insurance website.

Life Insurance
  • Step 1

    Fill out the form given at the top of this page with the necessary details.

  • Step 2

    Select your income and city. Click on 'Proceed'.

  • Step 3

    Update your education and occupation details.

  • Step 4

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 5

    Select the policy term, premium period, and riders (if required), and then proceed to make the payment.

Life Insurance
  • Step 1

    Visit the official website of Exide Life Insurance Company.

  • Step 2

    Click on ‘Buy Term Plan' on the navigation bar and select ‘Term Insurance Plans'.

  • Step 3

    Click on the ‘Buy Now' button and fill in the required details.

  • Step 4

    Tap on 'Next' and select a plan as per your requirements.

  • Step 5

    Select the cover option you want and make your payment.

Why Choose PolicyX.com?

Don't just take our word for it - check out what our happy customers say about us!

All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.

Ravindra Singh

I highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.

Priti varshney

I'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.

Nisha Mary

I bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.

Ajay Shah

PolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.

Vijay Rathod

I purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.

Uma Mahajan

How to File a Exide Life Term Insurance Plan Claim

Exide Life Insurance offers a simple and hassle-free process for settling its claim. You can easily file your claim by submitting the relevant document both online and offline. To file a claim for Exide Term Plans, you need to follow the steps below.

Online Process

Your Occupation
1

Claim Reporting

Inform the company about the incident via any of the channels- by writing an email at balic.healthclaims@healthindiatpa.com, calling the toll-free number (1860 209 7272), filling out the online claim form on its website, or visiting the nearest branch.

Your Occupation
2

Claim Review

Exide Life's customer staff will review your claim form and assist you at every step. They will next evaluate your claim and notify you if any papers are still pending.

Your Occupation
3

Claim Approval and Settlement

After receiving all the documents and claim forms, the company will verify the details as per their norms. On successful completion, the claim will be settled and the amount will be transferred to the nominee's bank account and the same will be communicated to him/her over a call or an email.

Offline Process

Exide Term Plans claim procedure can reported by visiting the local branch office. For more details about Exide life insurance branches, you can visit the nearby branch office or visit the official website. You have to submit the essential documents at the branch so that your claim can be processed.

Your Occupation
Life Insurance

More Queries?

If you have any more queries regarding Exide Term Insurance Plans, Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!

Exide Term Insurance: FAQs

1. How much cover should I take in a Term Plan?

The thumb rule for deciding the cover of your Term Plan is that it should be at least 10 times your annual income. For example, a person earning Rs. 5 lakh annually must have a term policy of about ₹50 lakh for adequate support to his family after his death.

2. Is Term Insurance tax free?

You can enjoy tax benefit of up to Rs. 1.5 lakh from your taxable income for paying the premium of your Term Insurance plans, thereby reducing your tax liability. The proceeds received from a Term Insurance plan after the demise of policy holder is also tax exempt under section 10(10D).

3. What is ’Extended Term Cover’ under Exide Life Elite Term Insurance Plan?

Under the ’Extended Term Cover’ policyholders can extend their policy term by an additional 5 or 10 years.

4. Is it safe to buy a Term Plan online?

It is absolutely safe to buy term life insurance online since all your details are kept confidential and your premiums are paid through secured payment gateways. Online Term Plans are affordable and easy to buy. So, go ahead and buy an online Term Plan, worry-free.

5. What percent of the premiums do I earn back on the completion of the policy term?

Under the Exide Life Term with Return of Premium Plan, at the end of the policy term, you will get an amount equal to 100% of the total Premiums paid during the policy term.

6. What are the terms of the Waiting Period clause under the Exide Life Saral Jeevan Bima?

With the Exide Life Saral Jeevan Bima policy, a waiting period of 45 days from the date of commencement of risk is applicable. The policy only covers death due to an accident during this period. In case of death other than due to an accident during the waiting period, the Sum Assured shall not be paid. Instead, an amount equal to 100% of all premiums received is paid to the beneficiaries.

7. What kind of riders can I add to my base term policy?

The riders that can be added to an Exide Term Policy are: Exide Life Term Rider Exide Life Critical Illness Rider Exide Life Accidental Death, Disability and Dismemberment Rider

8. How can I check the policy status of my Exide Life Term plan?

You can check the policy status of Exide Term Insurance by simply login into the MY LIFE tab with your policy number and DOB.

9. How can I cancel my Exide Life Insurance Term Plan?

You can cancel your Exide Life Term Plan by visiting the nearest branch of Exide Life Insurance with your policy documents and duly filled surrender form. The refund amount will be directly transferred to your bank within 7 business days after the documents have been successfully validated.

10. Is medical check-up compulsory in the Exide Life Insurance term plan?

Yes, it is compulsory for all the Exide term plans apart from Exide Term Insurance with return of premium does not require medical check-up.

11. Does non-smokers get any premium benefits under the Exide Term plans?

Yes, non-smokers will get discounts on premiums of Exide Term Insurance.

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Himanshu Kumar

Written By: Himanshu Kumar

Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.

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