HDFC Life vs Exide Life
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HDFC Life vs Exide Life Insurance 2024

HDFC Life and Exide Life both are one of the top life insurance providers in India. Both the companies offer comprehensive life insurance plans offering life cover from 10 to 99 years of age. The product portfolio of both of them is vast and caters to unique needs of the customers. The claim settlement ratio of HDFC Life is 99.39% whereas Exide Life has 99.09% CSR for the FY 2022-23. The companies provide benefits such as high sum assured, flexible premiums, customizable coverage, rider benefits, options for premium payment terms, maturity benefits, online discounts, non-smoker discounts and various plan options to choose from.

PLAN DETAILS Edit HDFC Life

HDFC Life

 Edit exide-life

Exide Life
Number of life insurance plans and add-ons
Entry Age (Min-Max) 18-65 years 18-65 years
Policy Term 5 to 100 years 10 - 20 years
maturity Age (Min-Max) 23 to 60 years 5-70 years
Claim settlement ratio (CSR) 99.39% 99.09%
Asset under managment (AUM) 250000 Crores 1800 Crores
Solvency ratio 1.9 2.1
Policy Type
  • Term insurance
  • Whole life policy
  • Endowment policy
  • ULIP
  • Money back policy
  • Retirement plans
  • Savings plans
  • Child plans
  • Group Insurance plan
  • Term insurance
  • Endowment policy
  • ULIP
  • Annuity plans
  • Savings plans
  • Child plans
  • Group Insurance plan
Coverage Amount
  • Minimum- 5 Lakh
  • Maximum- No Limit
  • Minimum- 5 Lakh
  • Maximum- No Limit
Optional Additional Riders
  • Life term rider
  • Critical illness rider
  • Accidental death and disability rider
  • Life term rider
  • Critical illness rider
  • Accidental death and disability rider
Number of term plans 13 4
Exclusions Suicide or self inflicted Injury Suicide or self inflicted Injury
Death Benefit Yes Yes
Survival Benefit Yes Yes
Claims procedure Both (Online+offline) Both (Online+offline)
Type of the insurer Private Private
Online buying facility for life plans Yes Yes
Premium payment options Single/limited/Regular Single/limited/Regular
Online claim facility Yes Yes

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HDFC Top Term Insurance Plans

HDFC Life Click 2 Protect Life

A plan offering spouse benefits, premium waivers, premium refunds, and death benefits. It is a flexible protection plan that adapts to your changing needs.

Unique Features

  • Return of Premium
  • Offers coverage for whole life
  • Regular monthly income

HDFC Life Click 2 Protect Life (Pros)

  • Auto Balances Death Cover
  • Auto Balances Critical Illness cover
  • Reduce Premium Payment Term

HDFC Life Click 2 Protect Life (Cons)

  • No Suicide Cover
  • No War Injury Cover
  • No Adventure Sports Cover

HDFC Life Click 2 Protect Life (Other Benefits)

  • Life & CI Rebalance
  • Maturity Benefit
  • Waiver Of Premium

HDFC Life Click 2 Protect Life (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 20 L
  • Maximum Maturity Age - 75 years
  • Premium Payment Term - SP/RP/LP

HDFC Life Saral Jeevan Bima

HDFC Life Saral Jeevan Bima, a term insurance plan providing flexible premium payment terms and additional rider options to customize your plan.

Unique Features

  • Lump Sum Variant
  • Income Variant
  • Guaranteed Surrender Value

HDFC Life Saral Jeevan Bima (Pros)

  • Discount on Higher Premiums
  • Policy Loan Available
  • No Interest on ROP Minors

HDFC Life Saral Jeevan Bima (Cons)

  • No Alterations Allowed
  • No Death Benefit on Income Payout
  • Advance premiums for monthly payment mode

HDFC Life Saral Jeevan Bima (Other Benefits)

  • 3 Rider Options Available
  • Premium Payment Flexibility
  • Tax Benefits on Premiums and Maturity

HDFC Life Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age - 30 Days
  • Max Entry Age - 65 Years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - 85 years
  • Premium Payment Term - RP/SP

HDFC Life Click 2 Protect Super

A term plan that offers all-around protection to the policyholder as it protects against 36 critical illnesses, accidental death benefits, etc.

Unique Features

  • Life Stage Option
  • Multiple Coverage Options
  • Increasing Death Benefit

HDFC Life Click 2 Protect Super (Pros)

  • Terminal Illness Benefit
  • Smart Exit Benefit
  • Acceleration Death Benefit

HDFC Life Click 2 Protect Super (Cons)

  • 1 Year WP for Suicide
  • No Policy Loans
  • No Pre-existing Conditions

HDFC Life Click 2 Protect Super (Other Benefits)

  • Death Benefit in Instalments
  • RP, WOP & 3 Riders
  • Additional Cover for Spouse

HDFC Life Click 2 Protect Super (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age - 84 years
  • Minimum Sum Assured - INR 5,000
  • Maximum Maturity Age - 85 years
  • Premium Payment Term - RP/SP/LP

HDFC Life Term With Return Of Premium

This plan guarantees a return of total premiums paid upon policy survival and comes with a high sum assured.

Unique Features

  • High Sum Assured discount
  • Premium Discount for Females
  • No Medical Tests

HDFC Life Term With Return Of Premium (Pros)

  • Premium Payment Options
  • Absolute Amount Assured Paid
  • Tax Benefits on Premiums and Maturity Benefit

HDFC Life Term With Return Of Premium (Cons)

  • No Discount on Limited Pay
  • No Riders Available
  • No Policy Loan

HDFC Life Term With Return Of Premium (Other Benefits)

  • Guaranteed Surrender Value
  • Guaranteed Maturity Benefits
  • No Waiting Period on Accidental Death

HDFC Life Term With Return Of Premium (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 50 years
  • Minimum Sum Assured - 10 L
  • Maximum Maturity Age - 65 years
  • Premium Payment Term - LP/RP

HDFC Life Smart Term Pro

This plan provides a 100% return of premium upon maturity, offers life coverage up to 80 years, and allows premium payments over 5, 8, 10, or 12 years.

Unique Features

  • Riders Protection
  • Premium Discount for Females
  • Family Income Payout

HDFC Life Smart Term Pro (Pros)

  • Death Benefit
  • Maturity Benefit
  • Death Benefit Payout Options

HDFC Life Smart Term Pro (Cons)

  • Reduced Paid-up Benefits
  • Reduced Paid-up Death Benefit
  • No Adventure Sports Cover

HDFC Life Smart Term Pro (Other Benefits)

  • Guaranteed Surrender Value
  • 80% Premiums on Suicide
  • Guaranteed Sum Assured on Maturity

HDFC Life Smart Term Pro (Eligibility Criteria)

  • Entry Age - 30 Days
  • Max Entry Age - 60 years
  • Minimum Sum Assured - 15 L
  • Maximum Maturity Age - 80 years
  • Premium Payment Term - 5/8/10/12 yrs

HDFC Life Smart Term Edge

This policy offers up to 150% return of premiums, comes in 3 variants and with critical illness and accident riders.

Unique Features

  • Life Cover till 75 yrs
  • Guaranteed Surrender Value
  • Return of Percentage of Premiums

HDFC Life Smart Term Edge (Pros)

  • 3 Premium Payment Modes
  • Option to Increase Death Benefit
  • 3 Premium Payment Modes

HDFC Life Smart Term Edge (Cons)

  • No Suicide Cover
  • No Policy Loans
  • No Pre-existing Conditions

HDFC Life Smart Term Edge (Other Benefits)

  • 3 Plan Options
  • 100% Death Cover
  • Tax Benefits on Premiums/Maturity/Riders

HDFC Life Smart Term Edge (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 60 years
  • Minimum Sum Assured - 5 Lakhs
  • Maximum Maturity Age- 75 years
  • Premium Payment Term - 12 to 30 Years

Quick Protect By HDFC Life

A comprehensive term insurance plan that offers protection against Death, Disease & Disability. 3 different plan options to choose from – 75 lacs, 1cr, 1.25cr.

Unique Features

  • Coverage for 19 Critical Illnesses.
  • 2x coverage for accidental death.
  • Quick Issuance with no medical.

Quick Protect By HDFC Life (Pros)

  • Monthly Income For 10 Years
  • Critical Illness Plus Rider
  • Income Benefit Rider

Quick Protect By HDFC Life (Cons)

  • No HIV Cover
  • No Policy Loans
  • No Pre-existing Conditions

Quick Protect By HDFC Life (Other Benefits)

  • Accidental Death Benefit
  • Maturity Benefit
  • Waiver Of Premium

Quick Protect By HDFC Life (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 50 years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 75 years
  • Premium Payment Term - 5 to 40 Years

Exide Life Term Insurance Plans

Exide 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
  • Affordable premiums
  • Flexibility in PPT

Saral Jeevan Bima (Pros)

  • Available for Online Buying
  • Choose to pay Premium Once
  • Max Sum Assured 50L

Saral Jeevan Bima (Cons)

  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

Saral Jeevan Bima (Other Benefits)

  • Suicide Cover
  • Spouse Cover
  • Policy Revival Within 5 Years

Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 5L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP(5&10 Years)

Exide Term with Return of Premium

It is a pure-term insurance plan that offers comprehensive coverage at an affordable price with ROP benefit.

Unique Features

  • No Medical Test
  • 100% ROP
  • Flexible PPT

Term with Return of Premium (Pros)

  • Maximum SA: 25 Lakh
  • Maximum Maturity Age: 99 Years
  • Discount For Females

Term with Return of Premium (Cons)

  • No Rider Benefit
  • No Policy Loan Allowed
  • Pre-existing diseases Not Covered

Term with Return of Premium (Other Benefits)

  • Tax Benefit
  • Suicide Plan
  • Large Sum Assured Discount

Term with Return of Premium (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 50 Years
  • Minimum Sum Assured - 10L
  • Maximum Maturity Age - 99 Years
  • Premium Payment Term - RP/SP/LP

Exide 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

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

Term Rider (Pros)

  • 3 Pay Out Benefits
  • Discount For Females
  • Flexible-Premium Paying Term

Term Rider (Cons)

  • 1 Yr Waiting Period For Suicide
  • No HIV Cover
  • No Discount For Females

Term Rider (Other Benefits)

  • 2 Optional Rider
  • Rebate On High Sum Assured
  • Standard premium rates for non-smokers

Term Rider (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - 50L
  • Maximum Maturity Age - 85 Yrs
  • Premium Payment Term - 5/8/10/12 Yrs

Exide Sampoorna Jeevan Plan

A plan that offers a 105 % sum assured as a death benefit, and comes with life insurance coverage for up to 75 or 100 years.

Unique Features

  • 5 Policy Bonus Option
  • Survival Benefit
  • Flexible Income Payouts

Sampoorna Jeevan Plan (Pros)

  • Guaranteed Income Benefit
  • Loan Benefit
  • Reduced Paid-Up Benefit

Sampoorna Jeevan Plan (Cons)

  • No Rider Benefit
  • Pre-Existing Diseases Not Covered
  • 1 Yr Waiting Period For Suicide

Sampoorna Jeevan Plan (Other Benefits)

  • Maturity Benefit
  • Surrender Benefit
  • Suicide Plan

Sampoorna Jeevan Plan (Eligibility Criteria)

  • Entry Age -12 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - 10L
  • Maximum Maturity Age - 100 Years
  • Premium Payment Term - LP

Exide New Fulfilling Life Insurance

A plan that offers life cover up to 85 years of age, and death benefits and promises safe returns with reduced paid-up benefits.

Unique Features

  • Loan Benefit
  • Periodic Survival Benefits
  • Discount For Females

New Fulfilling Life Insurance (Pros)

  • Surrender Benefit
  • Maturity Benefit
  • Simple Reversionary & Terminal Bonus

New Fulfilling Life Insurance (Cons)

  • No Alterations Allowed
  • Pre-Existing Diseases Not Covered
  • 1 Yr Waiting Period For Suicide

New Fulfilling Life Insurance (Other Benefits)

  • Double Sum Assured Benefit
  • 2 Rider Options
  • Discount For High Premiums

New Fulfilling Life Insurance (Eligibility Criteria)

  • Entry Age -15 Years
  • Max Entry Age- 50 Years
  • Minimum Sum Assured - Adaptable
  • Maximum Maturity Age - 85 Years
  • Premium Payment Term - 12, 16, 20 or 24 Yrs

Exide Smart Term Insurance Plan

A plan that offers three plan variants to suit the desired protection provides a return of total premiums paid on completion of the policy term.

Unique Features

  • Critical Illness and Accident Riders
  • Life covers up to 85 years
  • Reduced Paid-up Benefits

Smart Term Insurance Plan (Pros)

  • Surrender Benefit
  • Maturity Benefit
  • Flexible-Premium paying options

Smart Term Insurance Plan (Cons)

  • No Alterations Are Allowed
  • No Large SA Discount
  • No Policy Loan Allowed

Smart Term Insurance Plan (Other Benefits)

  • Suicide Cover
  • 2 Rider Options
  • Tax Benefit

Smart Term Insurance Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - 5L
  • Maximum Maturity Age - 75 Years
  • Premium Payment Term - LP/SP/RP

Exide Smart Term Plus Insurance

A comprehensive plan that offers accidental disability and dismemberment and critical illness rider, a 105% death benefit & family income payout for 5 or 10 years.

Unique Features

  • Guaranteed RoP on maturity
  • Life cover
  • 3 Payout Options

Smart Term Plus Insurance (Pros)

  • Reduced Paid Up Benefit
  • Flexible Payout Options
  • 3 Rider Options

Smart Term Plus Insurance (Cons)

  • 1 Yr Waiting Period For Suicide
  • No HIV Cover
  • No Pre-Existing Cover

Smart Term Plus Insurance (Other Benefits)

  • Surrender Benefit
  • Maturity Benefit
  • Suicide Cover

Smart Term Plus Insurance (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - 15L
  • Maximum Maturity Age - 80 Years
  • Premium Payment Term - 5, 8, 10 or 12Yrs

Exide Elite Term Plan Insurance

A comprehensive plan that offers accidental disability and dismemberment cover, 105% death benefit and a family payout option.

Unique Features

  • Discount of 4.17% on Premium
  • No Max Sum Assured
  • 3 Payout Options

Elite Term Plan Insurance (Pros)

  • Affordable Premiums
  • Flexible Payout Options
  • 3 Rider Options

Elite Term Plan Insurance (Cons)

  • 1 Yr Waiting Period For Suicide
  • No HIV Cover
  • No Pre-Existing Cover

Elite Term Plan Insurance (Other Benefits)

  • Term Extension by 5 or 10 Years
  • Exclusive SA Band of 50 L - 99.99 L
  • Discounts For Online Sales

Elite Term Plan Insurance (Eligibility Criteria)

  • Entry Age: 21 Yrs
  • Max Entry Age: 60 Yrs
  • Min Sum Assured: 50 L
  • Max Maturity Age: 80 Yrs
  • Premium Payment Term: 10 Yrs

Exide Mera Aashirvad Insurance

A plan that offers corpus for the child’s future, discount for high premiums accidental death disability and dismemberment rider benefit.

Unique Features

  • 105% of SA Death Benefit
  • Waiver of Premiums
  • Maturity Benefit

Mera Aashirvad Insurance (Pros)

  • Surrender Benefit
  • Exide Life Term Rider
  • Limited Pay Option

Mera Aashirvad Insurance (Cons)

  • 1 Yr Waiting Period For Suicide
  • No HIV Cover
  • No Discount For Females

Mera Aashirvad Insurance (Other Benefits)

  • Exide Life Critical Illness Rider
  • Loan Benefit
  • Exide Life Critical Illness Rider

Mera Aashirvad Insurance (Eligibility Criteria)

  • Entry Age: 18 Years
  • Max Entry Age: 45 Years
  • Min Sum Assured: 1 L
  • Max Maturity Age: 60 Yrs
  • Premium Payment Term: 5/8/10 Yrs

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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.