Exide Life Insurance Company Limited, a reputable and successful life insurance provider, started doing business in Bengaluru in 2001–2002 and has its headquarters there. HDFC Life is the sole owner of the business. Agency, BancAssurance, Corporate Agency & Broking, Direct Channel, and Online are the distribution channels Exide Life Insurance uses to market its products. Over 45,000 advisors work as part of the agency channel for over 200 corporate locations nationwide. Exide Life Insurance has a solid traditional policy portfolio with a continuous bonus track record and focuses on offering long-term protection and savings solutions.
Awards & Recognition won by the company tell us that the company is working hard to achieve its goals. So, let us glance at some of the awards the Exide Life Insurance company won.
- In a Nielsen national survey, Exide Life Smart Term Plan won the 2019 Product of the Year award.
- The Insurance Asia News Awards' 2018 declared Exide Life Insurance as the Digital Insurer of the Year (India).
- The "National Awards for Marketing Excellence 2016" gave the "Best Use of Social Media" award for the #NoMoreShortCuts campaign.
- The Indian Insurance Awards Year - Exide Life Insurance won 2016. According to a report, Exide Life Insurance's insurance agents had the "highest average productivity in business acquired.”
Important Features & Benefits of Exide Life Insurance
Because of its multi-channel strategy, which includes bancassurance, and online channels, Exide Life Insurance has a significant presence throughout India. Let us glance at some of the important features & benefits of the company.
Prestigious Company
The company has won many awards ever since entering the world of life insurance. These awards showcase the hard work done by the company in recent times by delivering exceptional results.
Wide Range of Products
Exide Life Insurance offers a wide range of products, including retirement plans to ensure your senior years, savings and investment plans to help you reach your goals in life, and protection plans to help your family's financial stability.
Good Claim Settlement Ratio
Exide Life Insurance offers a really good CSR. The numbers currently stand at 98.54% for the 2020–21 fiscal year. It is a fantastic illustration of the business's top-notch client support.
Exemplary Customer Service
The main goal of Exide Life Insurance is to satisfy its clients. Your insurance plans can be renewed using simple processes. Exide Life Insurance wins the trust of its policyholders by offering one of the most user-friendly claim processes, giving them confidence that their family's future is secure.
Life Insurance Plans Offered by Exide Life Insurance
Online life insurance options are available from Exide Life Insurance. Let's examine the categorisation now.
Protection Plans
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Exide Life Saral Jeevan Bima |
Coverage Benefits
- Life Cover for Financial Planning
- Multiple Premium Paying Options
- Maximum Term of 40 Years
Eligibility Criteria
Entry Age: 18 Years - 65 Years
sum assured: 5 Lakhs - 25 Lakhs
|
Exide Life Smart Term Pro |
Coverage Benefits
- Return of Total Premium
- Life Cover
- Family Income Payout
Eligibility Criteria
Entry Age: 18 Years - 60 Years
sum assured: No Limit
|
Exide Life Smart Term Edge |
Coverage Benefits
- Offers 3 Variants
- Enhanced Protection
- Return of Percentage of Premiums
Eligibility Criteria
Entry Age: 18 Years - 60 Years
sum assured: 10 Lakhs - No Limit
|
Exide Life Term with Return of Premium Plan |
Coverage Benefits
- No Medical Tests Required
- Return of Total Premium
- Flexible Premium Paying Option
Eligibility Criteria
Entry Age: 18 Years - 50 Years
sum assured: 5 Lakhs - 25 Lakhs
Child Plans
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Exide Life New Creating Life Plus |
Coverage Benefits
- Flexible option to receive Death Benefit
- Limited Pay Option
- Waiver of Premium
Eligibility Criteria
Entry Age: 91 Days - 60 Years
sum assured: Starting from 1.33 Lakhs
|
Exide Life New Creating Life Regular Pay |
Coverage Benefits
- Waiver of Premium
- Death Benefit
- Maturity Benefits
Eligibility Criteria
Entry Age: 91 Days - 60 Years
sum assured: Starting from 1.54 Lakhs
Savings & Investment Plans
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Exide Life Smart Income Plan |
Coverage Benefits
- Enhanced Maturity
- Enhanced Income
- Pay for a Limited Term
Eligibility Criteria
Entry Age: 4 Years - 97 Years
sum assured: 1.79 Lakhs - No Limit
|
Exide Life Star Saver |
Coverage Benefits
- Guaranteed Maturity Benefit
- Pay for Just 5 Years
- Comprehensive Death Benefit
Eligibility Criteria
Entry Age: 3 Years - 60 Years
sum assured: 67.9 K - No Limit
|
Exide Life Saral Jeevan |
Coverage Benefits
- Lump Sum Maturity Benefit
- Life Insurance Cover
- Guaranteed Returns
Eligibility Criteria
Entry Age: 8 Years - 50 Years
sum assured: 10 Lakhs - No Limit
|
Exide Life My Assured Income Plan |
Coverage Benefits
- Limited Premium Paying Term
- Guaranteed Terminal Benefit
- Enhanced Protection
Eligibility Criteria
Entry Age: 5 Years - 60 Years
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Exide Life Saral Bachat |
Coverage Benefits
- Life Insurance Cover
- Guaranteed Returns
- Lump Sum Maturity Benefit
Eligibility Criteria
Entry Age: 8 Years - 50 Years
sum assured: 5 Lakhs - 25 Lakhs
|
Exide Life Income Advantage Plan |
Coverage Benefits
- Life Insurance Cover
- Guaranteed Income
- Flexible Income Payouts
Eligibility Criteria
Entry Age: 3 Years - 55 Years
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Exide Life Secured Income Insurance Plans |
Coverage Benefits
- Death Benefit
- Flexibility
- Build corpus for your future
Eligibility Criteria
Entry Age: 0 Years - 50 Years
|
Exide Life Guaranteed Income Insurance Plan |
Coverage Benefits
- Guaranteed income of 11% to 13% per annum
- Guaranteed Regular Income
- Guaranteed Death Benefit
Eligibility Criteria
Entry Age: 3 Years - 55 Years
sum assured: 90.9K- No Limit
|
Exide Life Guaranteed Wealth Plus |
Coverage Benefits
- Pay Once or Limitedly
- Guaranteed Benefits
- Lump Sum Benefits
Eligibility Criteria
Entry Age: 3 Years - 60 Years
|
Exide Life Wealth Maxima |
Coverage Benefits
- 3 Product Variants
- Invest in funds of your own Choice
- Loyalty Additions
Eligibility Criteria
Entry Age: 0 Years - 65 Years
sum assured: 10x Annualized Premium
|
Exide Life Assured Gain Plus |
Coverage Benefits
- Pay for only 5 Years
- Guaranteed Sum Assured on Maturity
- Bonuses
Eligibility Criteria
Entry Age: 3 Years - 65 Years
sum assured: Minimum sum assured of 1.97 Lakhs
|
Exide Life Wealth Builder |
Coverage Benefits
- Life Insurance Cover for Full Policy Tenure
- Single Pay Plan
- Return of 50% of Mortality Charges
Eligibility Criteria
Entry Age: 8 Years - 65 Years
sum assured: Upto 1.25 times of Top-up Premium
|
Exide Life Wealth Elite |
Coverage Benefits
- Comprehensive Death Benefit
- 8 Fund Options
- Non Participating ULIP Plan
Eligibility Criteria
Entry Age: 0 Years - 65 Years
sum assured: 7x - 20x Annualized Premium
|
Exide Life Sampoorna Jeevan |
Coverage Benefits
- Pay Premium for a Limited Time
- Flexible Options for Income Payouts
- Guaranteed Income Benefit
Eligibility Criteria
Entry Age: 3 Years - 60 Years
|
Exide Life New Fulfilling Life |
Coverage Benefits
- Life Cover till 85 Years of Age
- Periodic Survival Benefits
- Tax Benefits
Eligibility Criteria
Entry Age: 15 Years - 50 Years
Retirement Plans
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Exide Life New Immediate Annuity |
Coverage Benefits
- Lifelong Annuity payouts guaranteed
- Flexible Payout Options
- Purchase Price Refund
Eligibility Criteria
Entry Age: 0 Years - 80 Years
|
Exide Life Smart Pension Plan |
Coverage Benefits
- Build a Retirement Bonus
- Loyalty Additions
- Flexiblity to Alter Vesting Date
Eligibility Criteria
Entry Age: 25 Years - 70 Years
|
Exide Life Saral Pension |
Coverage Benefits
- Lifelong Guaranteed Annuity Payouts
- Return of 100% Purchase Price
- Joint Life Annuity Option
Eligibility Criteria
Entry Age: 40 Years - 80 Years
How to Buy Exide Life Insurance
The procedure for purchasing life insurance is easy and hassle-free. First, let's look at the Exide Life Insurance online buying process.
Buy from "RenewBuy.com"
- Visit the official site of "RenewBuy".
- Select the "Life Insurance Plan" tab.
- Select the Best Life insurance policy.
- Fill in all the important details.
- Click on "Buy Now".
- Make the payment.
Buy From the Official Website of Exide Life Insurance
- Go to the official website of Exide Life Insurance
- Click on the tab “Life Insurance”
- Select the best Life insurance plan
- Fill in the required details.
- Click on “Buy now”
- Once you've made the payment, your life insurance policy will be delivered to the email address you've provided.
Claim Settlement Process Online
Under the terms of the Exide Life Insurance Policy, filing a claim is a straightforward process. Simply follow the steps below to submit a claim to Exide Life Insurance Company.
- As soon as the loss occurs, file your claim.
- Use the claim intimation form available at your nearest Exide Life Insurance Branch Office or find it on the website.
- Complete the form and attach any relevant papers.
- Submit the form at the nearest branch office, or email Claims@exidelife.in.
- When you register, you will be issued an Acknowledgement. Your insurance number can be used for any questions concerning the claim until it is resolved.
Few Things to Remember:
- Carefully read the terms and conditions.
- Keep your contact information up to date at all times.
- Pay your premiums regularly to keep your policy active.
- Inform your loved ones about your insurance policy and the claim process.
- Understand the specifics of your insurance to determine what is covered.
- In the insurance, look for the beneficiary's name. The nominee may be changed at any moment.
- If the registered nominee dies during the policy's term, the nominee's name should be changed.
- After you have redeemed the bank loan for which the policy was used as collateral, the policy is reallocated in your name.
Documents Required for the Claim
In Life insurance policies, the following documents are needed to submit a claim:
- Claim Form
- Original Policy Document
- Death Certificate issued by Local Authority, Original or Attested
- Proof of the insured’s current residence
- evidence of insured’s photo ID
Exide Life Insurance Contact Details
If you would like to connect with the company, here is important company information.
Corporate Address : Third Floor, JP Techno Park, No. 3/1, Millers Road, Bangalore- 560 001, India.
Email : websales@exidelife.in
Contact : 1800 419 0808 (Toll Free)
