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Exide Life Insurance Claim Settlement

Claim Settlement of Exide Life Insurance

Exide Life Insurance has a simplified and customer-friendly claims procedure where nominees or claimants can register their insurance claims online and offline, depending on their convenience. Exide Life Insurance deals with these claims promptly and ensures a fair and transparent settlement process. It is reflected in the incredible claim settlement ratio of 98.54%% that the company has achieved for the financial year 2020-21.

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1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification
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User Reviews

4.9
Rating based on
173 User reviews
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What users are saying
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  • Customer Satisfaction

    When I was buying the Exide life plan from InsuranceDekho, the InsuranceDekho customer team was extremely helpful. I genuinely didn’t face any problems when I was buying the Exide life insurance plan from InsuranceDekho.

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    P
    Exide
    By Priya Mohini
    On: Dec 18, 2023
  • No Regrets with InsuranceDekho

    I have absolutely no regrets choosing InsuranceDekho for my Exide Life Insurance Policy. Their platform simplifies the entire process and makes it a breeze.

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    K
    Exide
    By Kaushik Lal
    On: Nov 15, 2023
  • Best Rates in Town

    InsuranceDekho offered me competitive rates for my life insurance policy. I compared with other websites, and they had the best deals. Happy with my choice of securing the Exide Life Insurance Policy.

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    A
    Exide
    By Anita Kaul
    On: Oct 30, 2023
  • Insurance Made Simple

    InsuranceDekho simplifies the complex world of insurance. They broke down the jargon and helped me make an informed decision to buy Exide Life Insurance Policy

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    H
    Exide
    By Hardik Bhatia
    On: Sep 27, 2023
  • Bonus and Dividend Benefits

    I've seen my Exide Life Insurance Policy's bonus and dividend benefits grow over the years, which is a testament to InsuranceDekho's financial stability.

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    P
    Exide
    By Priyanka Rai
    On: Sep 13, 2023
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Claim Process at Exide Life Insurance

  • 1

    Claim Intimation

    In the event of the death of the life assured, the insurance company should be intimated as early as possible.
  • 2

    Submission of Documents

    For easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
  • 3

    Claim Evaluation

    After successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.

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FAQs

  • What is the average time taken for deciding on claims by Exide Life Insurance?

    Exide Life Insurance processes the claims and conveys the decision promptly as quickly as possible. 

  • What factors affect the Exide Life Insurance claim process?

    The nominee/claimant should submit proper documents completed in all respects for speedy claim processing.

  • Can the life assured lodge the claim with Exide Life Insurance?

    Yes, the life assured can lodge the accidental disability and dismemberment claim, critical illness and terminal illness claim.

  • Where does Exide Life Insurance credit the claim proceeds?

    Exide Life Insurance credits the claim amount to the bank account of the claimant.

  • Can Exide Life Insurance reject any insurance claim?

    Yes, if the documentation is not proper, the company can reject the claim. The company can also decline the claim if there is any misrepresentation at any stage by the nominee/claimant. No claim is payable on lapsed insurance policies.

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