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Exide Life Term Insurance FAQs

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Highlights
Claim Settlement Ratio98.54%
Customer Care9:00 AM to 7:00 PM
Death Benefit Paid For3,404 Policies
Inception2001
Presence200+ Offices
Total Death Benefit PaidRs. 88.95 Crore

Term Life Insurance Premium Calculator

Gender

  • Male
  • Female

Date of Birth

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Do you smoke or chew tobacco?

  • Yes
  • No

Choose required coverage to secure your family’s future

50L
1Cr
1.5Cr
2Cr
Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Best Exide Life Term Insurance Plans

1 Crore
1.5 Crore
2 Crore
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.51%
Starting From 707/Month
Key Features:
  • Zero Cost Benefit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 98.14%
Starting From 812/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Special Exit Benefit
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.4%
Starting From 771/Month
24hr Claim Settlement
Key Features:
  • Terminal illness
  • Special Exit - Option to get your premiums back
  • Renewability Option
See More Plans

Benefit

  • Can I as an NRI buy an Exide Life term insurance plan?

    Yes, you can! To apply for a term insurance plan, you can write to or contact Exide Life Insurance.

  • Will I be eligible for tax benefits on buying term insurance?

    Yes! Investing in a term insurance plan will grant you tax benefits under Section 80C up to Rs 1.5 Lakh.

  • What is the free-look period associated with term insurance plans?

    The free-look period associated with term insurance at Exide Life Insurance is 15 days. The free-look period is 30 days if policy is purchased through distance marketing.

  • Can I change the duration of the term insurance policy after purchasing?

    No! The insurance company does not allow making any changes to the policy term after policy purchase.

  • Can riders help me enhance my term insurance policy coverage?

    Yes! With the help of suitable riders you can enhance your policy cover at a minimal premium price.

Claim Settement

  • Who can lodge the Exide Life Insurance term insurance claim?

    If it is a death claim, the nominee has to lodge the claim. Otherwise, the policyholder lodges the claim.

  • Who can be a nominee in the Exide Life Insurance term insurance policy?

    As per the law, the policyholder can nominate any person as the nominee. However, in practice, the closest of kin is the nominee.

  • Can the Exide Life Insurance nominee be a minor?

    Yes, a nomination is permissible in the name of a minor, but the policyholder has to nominate a major person to receive the proceeds on the minor's behalf.

  • What happens if the nominee dies before the Exide Life Insurance policyholder?

    The policyholder can appoint a fresh nominee at any time.

  • Can Exide Life Insurance reject the term insurance claim?

    If there is any misrepresentation of information at any stage of the policy, the company can decline the claim.

Over View

  • Is there any maturity amount in the Exide Life Insurance term insurance plans?

    There is no maturity amount in Exide Life Insurance term insurance plans. However, some plans offer up to 100% to 150% return of premiums paid by you.

  • What is meant by limited pay but full cover in Exide Life Insurance?

    Exide Life Insurance offers an exciting term insurance plan where you pay a premium for periods ranging from five to twelve years but enjoy life cover for the entire policy term.

  • What is the maximum age up to which life cover is available in Exide Life Insurance term insurance?

    Life cover in Exide Life Insurance term plan is available till the insured person attains 80 years of age.

  • Is medical check-up compulsory in the Exide Life Insurance term insurance plan?

    One specific Exide Life Insurance term insurance plan, Exide Life Term with Return of Premium Plan does not insist on conducting medical check-up when issuing life cover. It is compulsory in all the other plans.

  • Can you buy an Exide Life Insurance term insurance plan online?

    Yes, you can purchase an Exide Life Insurance term insurance plan online at the official website of Exide Life Insurance. You can also purchase term insurance online at InsuranceDekho.

Plans

  • Why should I buy a term insurance plan?

    Buying term insurance will grant you multiple benefits like optimum life insurance cover, tax benefits, peace of mind, and financial security of your loved ones.

  • Is it safe to buy term insurance online?

    Yes! Buying term insurance online is completely safe as all your details are kept confidential. Moreover, premiums are paid through secured payment gateways.

  • How much cover should I opt for under term insurance plan?

    Ideally, your term insurance cover should be at least 10 times your annual income.

  • Will my term insurance be tax free?

    You will be able to avail Rs. 1.5 lakh from your taxable income for your term insurance plan premium. Note that the proceeds received from term insurance after the demise of the policyholder is also tax exempt under section 10(10D).

  • What are the documents needed to buy online term plans?

    The list of documents includes age proof, proof of residence, salary slips/income proof, recent passport-sized photographs and medical reports.

Premium Calculator

  • Is there a different premium calculator for the various Exide Life Insurance plans?

    Although each plan is unique, there are no separate calculators for different plans. This customisable calculator can provide accurate premium information.

  • Can you add the riders in this Exide Life Insurance premium calculator?

    The premium of the riders can be calculated separately and added to the pre-existing premium of the Exide Life Insurance.

  • What are the factors that determine your Exide Life Insurance term insurance premium?

    Various factors like the insured sum, the policy term, gender, your age, and smoking habits determine the premium amount.

  • Is the Exide Life Insurance premium calculator trustworthy?

    Yes, this calculator is an excellent tool which will provide you with an accurate premium amount depending on your inputs.

  • What difference does smoking habits make to the Exide Life Insurance premium calculation?

    Smokers have to pay a higher premium when compared to non-smokers because the company deems it a high risk.

Exide Term Insurance User Reviews

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What users are saying
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    By Deeksha Gaur
    On: Dec 18, 2023
  • I recommend others to buy the Exide Life Term Insurance Policy from InsuranceDekho. The reason is that the pla...

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    By Girish Panchal
    On: Nov 22, 2023
  • I'm impressed with how transparent InsuranceDekho is about their policies. While purchasing the Exide Term Ins...

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    By Khushi Goel
    On: Oct 10, 2023
  • The team at InsuranceDekho doesn't just sell you a policy and forget about you. They follow up regularly to en...

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    Exide
    By Anushka Rawat
    On: Sep 27, 2023
  • I received my Exide Life Term Insurance Policy documents promptly after approval, which reflects InsuranceDekh...

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    S
    Exide
    By Smriti Gandhi
    On: Sep 13, 2023
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Exide Life Term Insurance Contact Details

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Claim Process at Exide Life Term Insurance

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.

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