Exide Life Insurance FAQs

Bank deposits do not provide life cover, whereas Exide Life Insurance retirement benefit policies do so. Though the returns are similar, the provision of life insurance makes it a better option.

Exide Life Insurance offers a range of plans where the insured person can stop paying the premium after a specified period but still receive insurance cover until the end of the term.

Exide Life Insurance ULIP invests in top-rated companies to maximise your returns as much as possible. The professional expertise of the people running the company makes these ULIPs, one of the most attractive in the market.

Yes, the inclusion of specific riders increases the risk factor for the company. Hence, policyholders have to pay an additional premium.

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

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

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

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.

Exide Life Insurance categorises its plans into four groups, Protection plans, Savings and Investment Plans, Retirement Plans, and Group Insurance Plans.

QROPS is a unique plan where you can transfer the pension received in the UK to India.

Child insurance plans offer full financial security to cater to your child’s needs when you are not around to do so.

Yes, Exide Life Insurance offers facilities where customers can purchase insurance products online.

Child insurance plans offer financial security to your child in your absence and allow it to realise its career goals.

No, some term insurance and group insurance policies do not require medical check ups.

Yes, Tax benefits according to section 80C and 10D of the Income Tax Act are available to the insured person in all Exide Life Insurance policies.

Both these Exide Life Insurance policies have their significance. Term insurance provides high insurance cover, whereas endowment policies let your money grow and provide maturity benefits besides life cover for the policy term.

No, this premium calculator is a simple tool that calculates your premium amount depending on your inputs.

Smoking cigarettes is a high-risk activity that affects your life. Hence, the premium amount for a smoker is higher than that for a non-smoker.

Yes, the Exide Life Insurance premium calculator determines the single payment amount.

The sum assured, the policy term, gender, your age, and smoking habits determine the Exide Life Insurance premium amount.