ChatGPT
Claude
Perplexity
Exide Life Insurance
Exide Life Insurance
Exide Life Insurance, a subsidiary of HDFC, focuses on providing long-term protection and savings plans. They have a ...Read More
What you get with Exide Life Insurance
The headline features and policy mechanics, at a glance.
Annual Premium 2,920.58 Crores
Affordable premium options starting from entry-level to comprehensive whole-life protection.
99.68% claim settlement ratio
Industry-leading approval rate on eligible life insurance claims in the most recent fiscal year.
1.94x solvency ratio
Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.
2+ optional riders
Extend a base policy with add-on covers — critical illness, accidental death, waiver of premium and more.
109+ pan-India presence
Branch offices and claim service centres across India for easy policy servicing.
Exide Life Insurance: Overview
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 an Economic Times Best Brand in the BFSI category in 2020, Exide Life Insurance constantly emphasizes innovation. They have an extensive geographic footprint with a vast client base and steady technology upgradation. Exide Life Insurance has become a brand that India trusts.
Exide Life Insurance ensures to look after your insurance needs by offering:
- A wide array of products
- Multiple premium payment options
- Tax benefits
- Premium discounts for non-smokers
Features of Exide Life Insurance
Claim Settlement Ratio: This ratio measures the claims paid against those filed. It helps you analyze the claim-settling ability of the insurer. The ultimate goal of buying an insurance policy is ensuring that the dependents receive the intended benefits. Therefore, it is advisable to check the company's CSR to make an informed decision. In the current year, the company reported a CSR of 99.09%.
Solvency Ratio: Exide Life maintains a healthy solvency ratio, indicating its financial strength and ability to meet long-term obligations.
Annual Premiums: As per the IRDAI report 2022-23, Exide Life Insurance recorded an annual premium of Rs. 2,920.58 crores.
Operating Network: Exide Life Insurance has a wide operating network, ensuring accessibility and support for its policyholders.
Video reviews
Exide Life Insurance Plans | Exide Life Insurance 2025 | Exide Life Insurance Full Details 2025
Explore Exide Life’s top insurance offerings for 2025—comprehensive life, savings & term plans. Learn about plan features, premium options, guaranteed returns, tax benefits, and why Exide Life stands out.
Benefits of Exide Life Insurance Plans
There are multiple benefits of Exide Life Insurance Plans. Read below to understand the plethora of advantages provided by the insurer.
A wide array of products
The company offers a wide range of plans including protection plans to strengthen the family's financial foundation, savings, and investment plans to meet various life goals, and retirement plans to secure your golden years.
Wide premium payment network
Exide Life Insurance makes premium payment easier with its multiple premium payment options like online payment, auto-debit from a bank account, cheque, cash, and multiple cash-only centers.
Tax benefits
With Exide Life Insurance plans, policyholders can avail of tax deductions as allowed under the Income Tax Act, of 1961.
Customer-friendly service
Exide Life Insurance has customer satisfaction as its prime endeavor. It offers easy procedures for renewing your insurance policies. By providing one of the most customer-friendly claim procedures, Exide Life Insurance endears itself to its policyholders by providing them peace of mind that the future of their family members is in safe hands.
Riders You Can Avail With Exide Life Insurance Plans
Enhance your life plan with optional add-on riders for broader protection.
Exide Life Accidental Death, Disability and Dismemberment Rider
Under this rider, upon the unfortunate event of disability or dismemberment to the life insured, a lump sum payout will be given to the nominee.
Exide Life Critical 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 a critical illness during the policy term.
Documents required
For policy purchase and claim submission. Have these ready before you start.
Photo ID Proof
Age Proof
Address Proof
Medical Records
Income Proof
How to Buy a Exide Life Insurance Plan?
Step-by-step guides for the four key moments in your policy lifecycle. Click a tab to switch.
- Visit the PolicyX.com website or the Exide Life Insurance official website to compare and choose a suitable life plan.
- Enter your personal details such as name, date of birth, gender, annual income, and smoking status to get a customised quote.
- Compare plan options — choose your sum assured, policy term, premium payment term, and any optional riders.
- Fill in the proposal form with your contact details, nominee information, and medical history accurately.
- Upload the required documents: identity proof, address proof, income proof, and recent photographs.
- Pay the first premium online via net banking, UPI, debit/credit card, or cheque.
- Complete the medical examination if required (depends on your age and sum assured).
- Receive your policy document via email and registered post after underwriting approval.
How to File Exide Life Insurance Claims?
Every claimant/nominee is assigned a dedicated Claims Relationship Officer who helps throughout the entire process. The life insurance claim settlement process at Exide Life Insurance involves the following three steps:
Online Process
Claim Intimation
Inform the company about the incident via various channels: by writing an email to Exide Life at claims@exidelife.com, calling the toll-free number (1800-103-7766), filling out the online claim form on its website, or visiting the nearest branch. A claim reference number/intimation number will be provided to you upon successful registration of the claim.
Document Submission
You have to submit the necessary documents requested by the insurer to process the claim.
In case of natural death: death claim form, death certificate, original policy documents, claimant's identity & residence proof, medical records, and account details of the nominee.
In case of an accidental death: the same documents with two additional ones: FIR and post-mortem report.
Claim Settlement
Once Exide Life Insurance receives your claim, they will verify all the details. Moreover, they can ask for any additional documents if required. Exide Life Insurance will process the claim after verifying the submitted documents.
Offline Process
Exide Life Insurance claims settlement procedure can be reported by visiting the local Exide Life Insurance branch office. For details of Exide Life Insurance branches, you can visit their website and locate the nearest branch. You have to submit the essential documents at the branch so that your claim can be processed.
- Log in to the Exide Life Insurance customer portal or the PolicyX.com dashboard before your policy renewal date.
- Review your existing policy details — coverage, premium amount, and nominee information.
- Choose to continue with the same plan or upgrade your sum assured if eligible.
- Pay the renewal premium online via net banking, UPI, debit/credit card, or cheque.
- Download the renewed policy document from your registered email or the insurer portal.
What's covered — and what's not
The standard inclusions and exclusions across Exide Life Insurance plans. Specific plans may add benefits — always check the policy wording before purchase.
✗ Exclusions
- Death due to a pandemic such as COVID-19 or Ebola will not be covered by the company.
- Death due to indulging in any type of adventure sports.
- Death due to consumption of any type of drugs and alcohol.
- Death due to any pre-existing disease that was not disclosed at the policy's inception.
- If a policyholder commits suicide during the first 12 months after obtaining the insurance, the nominee receives no death benefit. They receive just the premiums paid up to the date of the incident or the policy's surrender value, whichever is greater.
Conclusion
Exide Life Insurance, now rebranded as Exide Life Insurance Company Ltd. after being acquired by HDFC Life Insurance in 2022, is a well-established player in the Indian insurance market. It is known for offering a variety of life insurance products such as term plans, endowment plans, ULIPs (Unit Linked Insurance Plans), retirement solutions, and child plans. For more information related to Exide Life insurance, you can contact PolicyX.com at the toll-free number 1800-4200-269 or email us at helpdesk@policyx.com.
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 SinghI 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 VarshneyI'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 MaryI 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 ShahPolicyX 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 RathodI 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 MahajanFrequently asked questions
The 11 most-asked questions about Exide Life Insurance, answered.
Customer satisfaction
Aggregate ratings from 934 verified PolicyX customers who bought a Exide Life Insurance plan.
Life Insurance Articles
Written and reviewed by
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
Compare Life Insurance Companies
Pick any two insurers to see a detailed side-by-side comparison.
Other Life Insurance Companies
Compare Exide Life Insurance life plans with other top insurers in India.
Share your Valuable Feedback
Rated by 934 customers
Was the Information Helpful?
Select Your Rating
We would like to hear from you
Let us know about your experience or any feedback that might help us serve you better in future.
Do you have any thoughts you'd like to share?