Exide Life Insurance
|Claim Settlement Ratio||98.54%|
|Customer Care||9:00 AM to 7:00 PM|
|Death Benefit Paid For||3,404 Policies|
|Total Death Benefit Paid||88.95 Crore|
About Exide Life Insurance
Headquartered in Bengaluru, Exide Life Insurance is 100% owned by Exide Industries. The company has been in operation since 2001-02. Over the past two decades, Exide Life Insurance has served over 15 lakh customers situated across India. The company uses a multi-channel distribution network consisting of agency networks, bancassurance partners, corporate agency and broking, direct, and online channels. Exide Life Insurance offers a range of attractive insurance products to suit the demands of its vast clientele.
The company has performed well on almost all parameters with the highlight being its Claims Settlement Ratio of 98.15% for the financial year 2019-20. Exide Life Insurance has won various awards and recognitions over the years. Some of the prime awards are “Digital Insurer of the Year 2018 (India)” in 2018 and the “ET Best Brands 2020 (BFSI category) in 2020. Besides, the Exide Life Smart Term Plan was voted as the Product of the Year 2019.
Types of Exide Life Insurance Plans
Exide Life Insurance offers a variety of insurance plans spread over various categories. They are primarily classified into the following categories.
1. Term Insurance Plans: Exide Life Term Insurance plans provide financial security to your family when you are no longer around to do so. The insurer provides the following term insurance plans to the customers:
- Exide Life Smart Term Pro
- Exide Life Smart Term Edge
- Exide Life Term With Return Of Premium
- Exide Life Elite Term Insurance Plan
- Exide Life Term Rider
2. Exide Life Health Insurance Plans: Exide Life health insurance plans cover you for healthcare expenses arising during the policy term. Following are the health insurance plans offered by the insurer to its customers:
- Exide Life Sanjeevani
- Exide Life Critical Illness Rider
3. Savings and Investment Plans: Exide Life Insurance offers a range of savings and investment plans that enable you to save your money for the future while enjoying the benefits of life cover at the same time. These plans include child plans, wealth plans, inheritance plans, and specific products to manage your life’s goals.
- Exide Life New Creating Life Insurance Plans
- Exide Life Saral Jeevan
- Exide Life Saral Bachat
- Exide Life My Assured Income Plan
- Exide Life Income Advantage Plan
- Exide Life Secured Income Insurance Plans
- Exide Life Guaranteed Income Insurance Plan
- Exide Life Wealth Maxima
- Exide Life Assured Gain Plus
- Exide Life Wealth Builder
- Exide Life Wealth Elite
- Exide Life Secured Income Insurance Plus
- Exide Life Sampoorna Jeevan
- Exide Life New Fulfilling Life
4. Retirement and Pension Plans: These plans help you to secure your future after you retire from your jobs/occupations. There are three products in this category, pension plan, annuity plan, and QROPS (a facility to transfer your pension funds from the UK to India). The insurer offers the following retirement and pension plans:
- Exide Life New Immediate Annuity
- Exide Life Smart Pension Plan
5. Group Insurance Solutions: Exide Life Insurance offers five group insurance products that help small business enterprises and even large corporations safeguard the future of their employees and provide financial security to their families. The insurer offers the following group insurance plans:
- Exide Life Group Micro Term Insurance
- Exide Life Group Loan Suraksha
- Exide Life Group Gratuity Product
- Employees Deposit Linked Insurance Scheme
- Exide Life Group Illness Rider
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Exide Life Insurance User Reviews
Knowledgeable customer care
The customer care of the InsurancedDekho is very knowledgeable and up-to-date with the information. During my ...Read More
Too good services
The services extended by the InsuranceDekho while buying the Exide Life Insurance Policy were top-notch. Not o...Read More
Available all through the week
The InsuranceDekho website serves its customers all 7 days of the week which makes it convenient for t...Read More
Very Helpful Plan
I recently bought the Exide Life Insurance Plan. The plan is quite helpful and is helping me with my h...Read More
Free from third-party involvem...
I recently bought the Exide Life Insurance policy from InsuranceDekho. And I was glad to see that ther...Read More
Latest News on Exide Life Insurance
Explore Different Investment Plans In IndiaInvestment definition is an asset acquired or invested in to build wealth and save money from the hard-earned income or appreciation. Investment meaning is primarily to obtain an additional source of income or gain profit from the investment over a specif
All About Exide Life My Money Back PlanExide Life is one of India's best-known and fastest-growing private life insurance firms. As a result, it is a good idea for you to request life insurance from this firm. They also have a very strong customer support service, so you will be able to have a
All Details About The Exide Endowment PlansExide Life Insurance Limited is one of the renowned, profitable Insurance Company headquartered at Bengaluru,India. It commenced its operations from 2001-02 and is successful in offering a wide number of insurance plans to its customers. The company attra
Exide Life My Money Back Plan - Features, Benefits, DetailsIt is a money-back plan that provides a life cover and regular payouts. The plan is an amazing choice. It offers dual benefits of investment and insurance because it is an endowment life insurance plan.
Key Features of Unit-Linked Insurance Plans Offered By Exide LifeIt's critical that you arrange your hard-earned money so that it works harder than you do as you try to climb the ladder of success and accomplish different milestones. Your finances must ensure that you can continue to live the luxurious lifestyle you've
Claim Process at Exide Life Insurance
Claim IntimationIn the event of the death of the life assured, the insurance company should be intimated as early as possible.
Submission of DocumentsFor easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
Claim EvaluationAfter successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
Claim SettlementIf claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.
Why to Buy Life Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
- Claim support everyday 10AM-7PM
- 45 Lacs+ happy customers
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FAQ About Exide Life Insurance
How does Exide Life Insurance reach out to its customers?
Exide Life Insurance adopts a multi-channel approach to reach out to its 15 Lakh+ customer base. It includes the agency network, corporate agency and broking, bancassurance channels, direct, and online channels.
What are the various types of plans offered by Exide Life Insurance?
Exide Life Insurance categorises its plans into four groups, Protection plans, Savings and Investment Plans, Retirement Plans, and Group Insurance Plans.
What is the QROPS plan offered by Exide Life Insurance?
QROPS is a unique plan where you can transfer the pension received in the UK to India.
What is the primary benefit of Exide Life Insurance child insurance plans?
Child insurance plans offer full financial security to cater to your child’s needs when you are not around to do so.
Does Exide Life Insurance offer the facility to purchase insurance online?
Yes, Exide Life Insurance offers facilities where customers can purchase insurance products online.
Exide Life Insurance Contact Details
Insurance Dekho755 1196 989Mon to Sun 10:00 AM to 7:00 PM
Exide Life Insurance18004190808Mon to Sat 9:00 AM to 7:00 PM