Exide Life Insurance

About Exide Life Insurance

Exide Life, an established and profitable life insurance company, commenced its operations in 2001-02. The insurance company is headquartered in Bangalore and is a fully owned subsidiary of HDFC, the Company manages assets of INR 18,381 Crores (as of 31 March 2021).

Exide Life focuses on providing long-term protection and savings plans and has a strong traditional product portfolio. Exide Life insurance plans are diverse and flexible. Recognized as the Economic Times Best Brand under the BSFI category in 2020, Exide Life Insurance has a constant emphasis on innovation. They have an extensive geographic footprint with a vast client base and steady technology up-gradation. Exide Life Insurance has become a brand that India trusts.

Key Features of Exide Life Insurance Company

If you are planning to purchase a life insurance policy, you must evaluate the important parameters of the insurer first. Buying a policy is a crucial decision and most of all, a long-term investment. Therefore, it is important to ensure that you have full information about the Insurer & the Insurance policy you choose.

To help you analyze the performance of Exide Life Insurance Company, we have examined a few factors such as claim settlement ratio, solvency ratio, etc that will help you to get an insight into the company's performance:

Benefits of Exide Life Insurance

Below mentioned are some of the benefits that Exide Life Insurance company offers:

Exide Life Insurance Plans

Exide Life Insurance Plans are designed to cater to every insurance-related need of an individual. Be it a term plan, investment plan or retirement plan, the company has it all. Following is the list of plans which are offered by Exide Life:

1. Exide Term Insurance Plans

   Plan Name	Entry Age	Max. Maturity Age	Sum Assured
   Saral Jeevan Bima	18-65 years	70 years	Rs. 5-25 Lakhs
   Smart Term Pro	18-60 years	80 years	Rs. 15 Lakhs to maximum as per the Board Approved Underwriting policy of the company
   Smart Term Edge	18-58 years	75 years	Rs. 5 Lakhs to maximum as per the Board Approved Underwriting policy of the company
   Term with Return of Premium Plan	18-50 years	NA	Rs. 5-25 Lakhs

   Know More About: Exide Term Insurance Plans





2. Exide Savings & Investment Plans

   Plan Name	Entry Age	Max. Maturity Age	Policy Tenure
   New Creating Life Insurance Plan	18-45 years	60 years	20 years
   Smart Income Plan	4-60 years	97 years	19 years| 25 years| 31 years| 37 years
   Star Saver	3 - 60 Years	75 years	10, 12 and 15 Years
   Saral Jeevan	8-50 years	65 years	6,8,10 years
   Saral Bachat	8-50 years	65 years	6,8,10 years
   My Assured Income Plan	2 - 60 years	NA	10/16 years
   Secured Income Insurance Plans	0-50 Years	70 years	20 years
   Income Advantage Plan	3-55 Years	80 years	NA
   Guaranteed Income Insurance Plan	3-55 years	NA	16/20/24/30 years
   Guaranteed Wealth Plus	3-60 years	101 years	Lump Sum Variant: 12 & 15 years Income Variant: 37/39/41
   Wealth Maxima	0-65 years	75 years	10, 15 to 20 Years
   Assured Gain Plus	3-65 years	80 years	10, 12 or 15 years
   Wealth Builder	8-65 years	75 years	5/10 years
   Wealth Elite	0-65 years	75 years	10-20 years
   Sampoorna Jeevan	18-60 years	100 years	Sampoorna Jeevan 75 : 75 minus age at entry Sampoorna Jeevan 100 : 100 minus age at entry
   New Fulfilling Life	15-50 years	70 years	85 years minus age at entry

3. Exide Retirement Plans

   Retirement plan is a form of life insurance plan that is designed to meet your post-retirement needs and help you to live a stable and happy life. Check the Exide Life Retirement Plan below-

   Plan Name	Entry Age	Policy Tenure	Sum Assured
   Exide Life New Immediate Annuity	18-65 years	5- 35 years (subject to maturity age of 70 years)	Minimum: Rs. 5,00,000 Maximum: Rs. 25,00,000
   Exide Life Smart Pension Plan	40-80 years	NA	NA
   Qualifying Recognised Overseas Pension Scheme (QROPS)	NA	NA	NA
   Exide Life Saral Pension	25-70 years	5-55 years	NA

4. Exide Health Insurance Plans

   The health insurance plan is basically a general insurance product. Exide Life Insurance offers a specific health plan, which is hard to get anywhere else. Let's check it out below-

   Plan Name	Entry Age	Policy Tenure	Sum Assured
   Exide Life Sanjeevani	Minimum: 18 years Maximum: 65 years	Minimum - 5 years Maximum - 35 years subject to maturity age of 70 years	Minimum: Rs. 5,00,000 Maximum: Rs. 25,00,000

Riders Available with Exide Life Insurance Plans

To give you enhanced protection, Exide Life Insurance Policy offers several riders that will help the individual to customize their plan as per their needs and requirements.

How To File a Claim at Exide Life Insurance?

Making a claim under Exide Life Insurance Policy is an easy & simple process. Just follow the below-mentioned step to make a claim for Exide Life Insurance Company:

• Register claims at their official website.
• Move to 'Customer Service' and 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 shall receive an acknowledgement for the same. You can use the policy number to clear all your queries regarding the claim until the declaration of the decision.

If your request is accepted, the money shall be transferred to the claimant's account.

Note - You can also file the claim by visiting the nearest company's branch office.

What Are The Documents Required For Claim Settlement?

For filing a claim for Exide Life Insurance Plans, you need to submit some documents along with the application. Below is the list of documents that you need to submit to file a claim under Exide Life Insurance.

Exide Life Insurance Contact Details