Exide LifeTerm Insurance
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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 premium, wide coverage and many more.

Continue reading the page to learn more about Exide Term Insurance company:

Key Features of Exide Term Insurance

Before buying term insurance, make sure to do thorough research about the company's performance. For your convenience, we have mentioned some of the parameters that will help you to get an insight into the company's performance:

  • Annual Premium: The annual premium of the company showcases the company's growth in the past year. As per the IRDAI Annual report of 2020-21, the annual premium of Exide Term Insurance is 3,324.75 Crores.
  • Solvency Ratio: The Solvency Ratio of the company helps the individual to analyze the company's ability to settle its short and long term liabilities. IRDAI has now made it mandatory for every insurance comany to maintain the solvency ratio of 1.5.
    As per the annual report of IRDAI 2020-21, the solvency ratio of Exide Term insurance is 2.17.
  • Claim Settlement Ratio: The Claims Settlement Ratios or CSR of the company enables the potential policyholder to get an insight into the company's claims settling ability. As per the IRDAI Annual report 2020-21, the CSR of Exide Term Insurance is 98.54%.
Exide Term Insurance Key Features

Benefits of Exide Term Insurance

Exide Term Insurance provides comprehensive protection cover for the future of your family. Below mentioned are some of the benefits of term insurance offered by Exide Life Insurance Company:

  • 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: Policyholders can remain protected for the entire duration of the policy tenure and even choose to extend coverage with Term Insurance offered by Exide Life.
  • Improved Protection: Each Term Plan comes with a host of riders against death, disability and/or dismemberment that users can avail of for enhanced protection.

Exide Life Term Plans in India

Exide Life provides various Term Insurance plans in the country for its customers. Refer to the below section to explore and understand all the Term Plans offered by the company.

Exide Life Smart Term Pro

Smart Term Pro Plan comes with a 100% return of premium option, wherein if the policyholder survives till maturity, he/she will get all the paid premiums back.

Unique Features

  • Coverage for a full policy term
  • Flexible Death Benefit payout
  • Enhanced protection through riders

Exide Life Smart Term Edge

Smart Term Edge offers significant cover and helps the policyholders to create a strong financial base for their families in case of any eventuality resulting in the death of the policyholder.

Unique Features

  • 3 plan options to choose from
  • Up to 150% return of premiums on maturity
  • Flexible premium paying modes

Exide Life Saral Jeevan Bima

Saral Jeevan Bima is a standard term insurance plan that provides complete protection to your family’s dreams that too at affordable rates.

Unique Features

  • Coverage up to 40 years
  • Flexibility in premium payment term
  • Affordable premiums

Exide Life Term with Return of Premium Plan

Exide Life Term with Return of Premium Plan comes out with a Life Insurance cover at affordable premiums and also returns the premiums paid at the end of the policy tenure.

Unique Features

  • Avail coverage without medical tests
  • Return of 100% premiums on maturity
  • Flexibility in premium payment term

Exide Life Term Rider

By paying an additional premium, Exide Life Term Rider can be added to the Exide Term Insurance plans and will provide enhanced coverage.

Unique Features

  • Avail up to twice life cover
  • Affordable premiums
  • Tax Benefits

Sample Premium Illustration

To give you an idea of how much one needs to pay for their Exide Term Insurance plans, we have calculated the premiums of some of the plans with different scenarios. Take a look at the below-mentioned sample premium illustration.

Exide Life Smart Term Pro

Sum Assured (in Rs.) 50 Lakhs 75 Lakhs 1 Crore
Monthly Premium Payable (in Rs.) 2,020 3,029 3,705

**Premiums calculated for a 30-year-old, non-smoker male, who opted for Exide Life Smart Term Pro for a policy period of 40 years.

Exide Life Smart Term Edge

Sum Assured (in Rs.) 50 Lakhs 75 Lakhs 1 Crore
Monthly Premium Payable (in Rs.) 1,073 1,610 2,146

**Premiums calculated for a 30-year-old, non-smoker male, who opted for Exide Life Smart Term Edge for a policy period of 40 years.

Exide Life Saral Jeevan Bima

Sum Assured (in Rs.) 10 Lakhs 15 Lakhs 25 Lakhs
Monthly Premium Payable (in Rs.) 655 708 1,179

**Premiums calculated for a 30-year-old, non-smoker male, who opted for Exide Life Saral Jeevan Bima for a policy period of 30 years.

How To Buy Exide Life Term Insurance Plans?

You can buy Exide Term Insurance plans through the official website of the company.

  • Visit the official website of the 'Exide Life Insurance Company'.
  • Click on the tab 'I am interested in'.
  • Choose the option 'Buying Term Insurance Plan'.
  • Provide the desired sum assured amount and click on the tab 'Continue'.
  • Submit the required details and click on the tab 'Continue'.
  • Provide some more information and click on the tab 'Get a quote'.
  • Check your premium details and click on the tab 'Pay Now'.
  • Provide a few more details such as your income, qualification, city and Pan Card Number.
  • Click on 'No' (if you don't have a medical condition) or on 'Yes' (if you do carry a medical issue).
  • Make the payment.
  • The company will share the policy documents on your registered mail Id.

Claim Settlement Process of Exide Term Insurance

Exide Life Insurance Company offers a simple process to make sure that your claim is settled with ease and minimal documentation.


Move to 'Customer Service'. Click on 'All Claims'. Click on 'Register A Claim'. Fill in the required details. Submit the form with the required documents. You could also write to them at claims@exidelife.in.


Upon completing the registration process, you will receive an acknowledgement for the same. You can use the policy number to clear all your queries regarding the claim until the declaration of decision.

Amount Transfer

Your documents will be thoroughly perused by the claims team at Exide Life post submission. If everything is found in order, your request is accepted and the money will be transferred to the claimant's account.

How to Contact Exide Life Insurance Company?

3rd Floor, JP Techno Park, No. 3/1, Millers Road, Bangalore- 560 001, India


Toll-Free Number: 1800 419 8228; +91 80 4134 5444

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.

Exide Term Insurance Reviews

Read what our customers have to say about Exide term insurance company

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Priya Sharma


December 14, 2022

PolicyX has a smooth service from booking policy to verification. Employees are very patient and have good knowledge and help you throughout the process. Had great experience dealing with them

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Barkha Goyal


May 31, 2022

I brought a Life insurance plan from Exide Life Insurance for my son. The plan offers me many benefit and I am able to secure my son s future. I am satisfied with this product and the customer ...

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February 24, 2022

My husband died due to covid and we need money as he was the only earning member in our family for school fees of my children. I shared my problem with them and they paid my money before time.

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Veena Gehlot


November 12, 2021

HI, my name is Veena Gehlot. I am a widow and have 2 children. After my husband s death, Life was very difficult both emotionally and financially. Thanks to my husband s Exide Term Insurance po...

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Maninder Singh


September 30, 2021

Good work guys. Exide Life Insurance is indeed a superb company. It offers a wide array of insurance products and looks after the investment needs of its customers.

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Sohail Quresi


September 30, 2021

Super Company. Good customer care with team experience. I happy that I buy this plan for my wife and childrens. Amazing.

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Dushyant Saini


September 27, 2021

my budget was low but the agent that i worked with managed to find me solutions ...they were very patient and actually lstened to what my concerns

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September 27, 2021

very good features available with my term plan...i bought from agent who got me the plan under my budget! happy with the help