Exide Life Insurance Company Limited is established on 13 December 2000. It was formerly known as ING Vysya Life Insurance Company. Exide Life Insurance Company is an established and profitable life insurance company, commenced operations in 2001-02. It is a non-government and commercial life insurance company and headquartered in Bengaluru (Karnataka). The cost of Exide life insurance varies depending on the type of policy that you choose to buy.
The Exide Insurance Company is owned by Exide Industries Limited and serves over 15 lakh customers. The Company is focused on providing long-term protection and savings solution plans and has a strong traditional product portfolio with a consistent bonus track record in the insurance sector.
Exide Industries is one of the leading life insurance companies in the South India life insurance market. During the financial year 2020-21, the Company achieved a total premium income of over INR 3,325 crores.
Exide Life Insurance distributes its products through multi-channels viz. Agency, Banc assurance, Corporate Agency & Broking, Direct agency Channel, and Online. In 2021 all the shares of Exide Life Insurance were sold to HDFC Life Insurance for 6,687 crores.
Exide Life Insurance Plans
Exide Life Insurance Company provides a wide range of plans to their customers. It consists of protection plans, savings, and investment plans, retirement and pension plans, term plans, child plans, etc.
I) Exide Life Term Plans:
Exide Life Insurance Term Plan is a type of Life insurance plan in which the life insurance company agrees to pay a definite agreed amount in the event of the death of the policyholder in return for a nominal premium from the customer. Pure term insurance is a policy where the claim amount is payable to the nominee in case the policyholder expires during the policy period.
1. Exide Life Elite Term Insurance Plan
Exide Life Elite Term Insurance Plan is a unique Term Insurance Plan that offers a large sum assured at a reasonable premium amount. It provides an option for a family income payout of 5 or 10 years. By this exide term insurance plan, you should get life insurance coverage of 5 to 20 times of annual income.
Features:
| Entry Age |
Maturity Age |
Policy Term |
Sum Assured |
Premium Payment Mode |
| Min 21 years to Max 60 years |
Max 80 years |
RegularPay:10 to 40 years |
Rs. 50 lakhs to No limit |
Yearly, half-yearly, monthly |
2. Exide Life Saral Jeevan Bima
Exide Life Saral Jeevan Bima plan is a pure term life insurance plan which provides financial protection to your family's financial future even in your absence. It lets you choose the right life cover at affordable premiums with a diverse range of premium payment modes.
Features:
| Entry Age |
Maturity Age |
Policy Term |
Sum Assured |
Premium Payment Mode |
| Min 18 years to Max 65 years |
Max 70 years |
For Single Pay and Regular pay: 5 years to 40 years
For Limited Pay (5 years): 10 years to 40 years
For Limited Pay (10 years): 15 years to 40 years |
Min Rs. 5 lacs to 25 lacs |
For Single pay: Lump Sum For Regular/Limited Pay: Yearly, half-yearly, monthly |
3. Exide Life Smart Term Pro
Exide Life Smart Term Plan offers comprehensive life insurance with a 100% return on premiums. The plan allows you to complete your premium payment of 5,8,10 or 12 years while enjoying life cover for the complete policy term. The plan allows a life cover of up to 80 years.
Features:
| Entry Age |
Maturity Age |
Policy Term |
Sum Assured |
Premium Payment Mode |
| Min 18 years to Max 60 years |
80 years |
15 to 40 years |
For PPT 5 pay: 50 lacs
For PPT 8,10,12 pay: 15 lacs |
Yearly, half-yearly, Monthly |
4. Exide Life Smart Term Edge
Exide Life Smart Term Edge plan provides comprehensive protection cover and helps you ensure a secured future for your family. This plan offers 3 different plan options.
Features:
| Entry Age |
Maturity Age |
Policy Term |
Sum Assured |
Premium Payment Mode |
| Min 18 years to Max 60 years |
Max 75 years |
12 to 30 years |
Min 5, 10 lacs to No limit |
Yearly, half-yearly, Monthly |
5. Exide Life Term with Return of Premium Plan
Exide Life Term with Return of Premium Plan provides life cover at affordable premiums and also returns the premiums paid at the end of the policy period.
Features:
| Entry Age |
Maturity Age |
Policy Term |
Sum Assured |
Premium Payment Mode |
| Min 18 years to Max 50 years |
Max 65 years |
Limited Premium: 10 to 30
Regular Premium: 12 to 30 |
Min Limited Premium: Rs. 10 Lacs
Regular Premium: Rs.5 lacs
Max 25 lacs |
Annual |
II) Exide Life Rider Plans
A rider in a life insurance policy can be defined as the extra coverage provided to the customer with the existing life insurance policy on payment of extra premium and the coverage of the rider remains equal to or less than the basic policy period. Riders such as Disability benefit, Critical Illness, Waiver of premium, return of premium, etc are available to the customer on payment of extra premium.
1. Exide Life Term Rider
Term Rider plan is an add-on plan that provides double life cover and nominal additional premium along with tax benefits.
Features:
| Entry Age |
Rider protection Age |
Policy Term |
Sum Assured |
| Min 18 years to Max 60 years |
Max 70 years |
5 years to 40 years |
Minimum: Rs. 50,000/-
Maximum: Rs. 50 lacs or Sum Assured of the Base policy |
2. Exide Life Critical Illness Rider
Exide Life Critical Illness Rider is an add-on protection benefit. It pays a lump sum benefit in case the life assured is diagnosed with a major illness like Heart Attack, Cancer, Paralysis, Kidney failure, Coma, etc.
Features:
| Entry Age |
Rider protection Age |
Policy Term |
Sum Assured |
| Min 18 years to Max 65 years |
Max 70 years |
5 years to 40 years |
Minimum: Rs. 50,000/-
Maximum: Rs. 50 lacs or Sum Assured of the Base policy |
3. Exide Life Accidental Death Disability and Dismemberment Rider
Exide Life Accidental Death Disability and Dismemberment Rider is an add-on that provides enhanced coverage in case of accidental death, disability or dismemberment.
Features:
| Entry Age |
Rider protection Age |
Policy Term |
Sum Assured |
| Min 18 years to Max 65 years |
Max 70 years |
10 years to 75 years |
Maximum: Rs. 20 lacs or Sum Assured of the Base policy |
III) Exide Life Child Plans:
Exide Life Insurance Child plans are plans where the customer can invest his money to secure the future of his/her child against higher education or Marriage. In case of any unfortunate event to you, the future premiums can be waived under the child policy without affecting the future of the child.
1. Exide Life New Creating Life Insurance Plus
Exide Life New Creating Life Insurance Plus plan is a child plan in which by paying for just a few years, you ensure that on policy maturity, your child gets the sum assured with 10% guaranteed addition along with accrued bonuses if any.
Features:
| Entry Age |
Maturity Age |
Policy Term |
Premium payment mode |
Premium paying term |
| Parent: Min 18 years to Max 45 years
Child: Min 0 years to 17 years |
Max 60 years |
20 years |
Annual, monthly |
5,8,10 years |
2. Exide Life New Creating Life Insurance Regular Pay
Exide Life New Creating Life Insurance Regular Pay plan in which you pay regularly over the full policy term and ensure your child gets the sum assured along with accrued bonuses if any.
Features:
| Entry Age |
Maturity Age |
Policy Term |
Premium payment mode |
Premium paying term |
| Parent: Min 18 years to Max 45 years
Child: Min 0 years to 17 years |
Max 60 years |
Same as PPT |
Annual, monthly |
15-25 years |
IV) Exide Life Health Plans:
Nowadays health illnesses like heart attack and cancer treatment costs are expensive and recovery could place a huge injure on your finances. To skip these costs, you need a plan that can give you what other traditional health plans may not provide lump-sum insurance payout on detection without any medical bills. This cash payout can help to pay for your medical costs and can also ensure that your income never stops.
1) Exide Life Sanjeevani plan
Exide Life Sanjeevani is the first fixed benefit health insurance plan that provides comprehensive coverage against Heart and Cancer-related conditions. This plan helps you in Heart attack and Cancer-related treatment.
Features:
| Entry Age |
Maturity Age |
Policy Term |
Premium payment mode |
Premium paying term |
| Min 18 years to Max 65 years |
Max 70 years |
5 years to 35 years |
Annual |
Regular pay |
V) Exide Life Retirement Plans:
Exide Pension Plans or Retirement plans are insurance plans which help people meet their expenses after their retirement with periodic payments by the insurance company. Retirement plans are two types: One is where the policyholder will invest the amount over a while to attain a corpus and after which the insurance company will pay periodic instalments to the policyholder after his/her retirement.
The other is where the policyholder can purchase an annuity plan by paying a lump sum amount and the insurance company will start paying the monthly amount immediately or after some time as selected by the policyholder.
1. Exide Life New Immediate Annuity
Exide Life New Immediate Annuity is an immediate annuity plan with an option for return of purchase price. It provides lifelong annuity pay-outs guaranteed for life, flexible option to receive an annuity, and death benefit, etc.
Features:
| Entry Age |
Maturity Age |
Premium payment mode |
Premium paying term |
| Min 0 years (For existing customers)
45 years(For Non-existing customers)
Max 100 years (Existing Customers)
80 years (Non-Existing Customers) |
NA |
Annual, half-yearly, quarterly, monthly |
Single (One time) |
2. Exide Life Smart Pension Plan
Exide Life Smart Pension Plan is a Unit Linked Individual pension plan that helps you save along your working years and build a retirement corpus to prepare for your retirement. This plan provides life cover of 105% total premium paid and flexibility to choose premium payment term.
Features:
| Entry Age |
Maturity Age |
Premium payment mode |
Premium paying term |
| Min 25 years to Max 70 years |
Min 5 years to Max 55 years |
Annual, half-yearly, monthly |
5 to 30 years |
3. Exide Life Saral Pension Plan
Exide Life Saral Pension Plan fulfills all your needs after retirement. This plan provides lifelong guaranteed annuity payouts, flexibility to choose annuity options, etc.
Features:
| Entry Age |
Maturity Age |
Premium payment mode |
Premium paying term |
| Min 40 years to Max 80 years |
Rs. 1,000 (Monthly)
Rs. 3,000 (Quarterly)
Rs. 6,000 (Half-yearly)
Rs. 12,000 (Annual)
|
Annual, half-yearly, quarterly, monthly |
Single(One time) |
VI) Exide Life Savings & Investment Plans:
Exide life insurance savings and investment plan is an insurance policy that plays both roles. Exide life insurance provides a huge range of investment and savings plans that helps the customer to accumulate wealth in the long term and also provide an opportunity to create financial support for the family of the insured person. The proceeds help finance your future goals like children’s education, marriage, and retirement funds, etc.
1. Exide Life Guaranteed Wealth Plus
Exide Life Guaranteed Wealth Plus plan is a non-linked non-participating individual life insurance savings plan that provides financial security to your loved ones in your absence and also offers long-term guaranteed returns to help you fulfill your dreams. This plan offers two policy variants one is Lump Sum Variant and another one is Income Variant.
Features:
| Entry Age |
Maturity Age |
Policy Term |
Premium payment mode |
Premium paying term |
| Min Entry age for Lump Sum Variant 3 years to Max 60 years
Min Entry age for Income Variant 11 years to Max 60 years
|
Min Maturity age for Lump Sum Variant 18 years to Max 75 years
Min Maturity age for Income Variant 48 years to Max 97 years
|
Lump-Sum Variant-15 years,12 years
Income Variant-37 years
|
Annual, half-yearly, monthly |
6 years |
2. Exide Life Wealth Maxima
Exide Life Wealth Maxima plan is a unit-linked insurance plan that provides higher financial protection for their family as their responsibilities grow.
Features:
| Entry Age |
Maturity Age |
Policy Term |
Premium payment mode |
Premium paying term |
| Min 0 years to Max 65 years
|
Max 75 years
|
10, 15, 20 years
|
Annual, half-yearly, monthly |
Annualized premium x 10 |
3. Exide Life Assured Gain Plus
Exide Life Assured Gain Plus is a traditional insurance-cum-investment plan in which you pay for just 5 years and enjoy life cover over the full policy term. It pays you a lump sum on survival at the end of the policy term to help fulfill your financial needs.
Features:
| Entry Age |
Maturity Age |
Policy Term |
Premium payment mode |
Premium paying term |
| Min 3 years to Max 65 years
|
Min 18 years to Max 80 years
|
10, 12, 15 years
|
Annual, semi-annual, monthly, single |
Limited(5 years),
Single premium
|
4. Exide Life Wealth Builder
Exide Life Wealth Builder plan is a single premium Unit Linked Insurance Plan that provides an option to pay a one-time lump-sum amount and flexibility to choose a maximum life insurance cover of 10 times the single premium.
Features:
| Entry Age |
Maturity Age |
Policy Term |
Premium payment mode |
Premium paying term |
| Min 13 years(For policy term 5) and Min 8 years(For policy term 10) to Max 65 years
|
Min 18 years to Max 75 years
|
5, 10 years
|
Single pay |
Single premium |
5. Exide Life Wealth Elite
Exide Life Wealth Elite is a unit-linked insurance plan that provides comprehensive death benefits and a choice of 8 fund options.
Features:
| Entry Age |
Maturity Age |
Policy Term |
Premium payment mode |
Premium paying term |
| Min 0 years to 65 years
|
Min 18 years to 70 years
|
10, 12, 15 years
|
Annual, monthly |
5, 8, 10 years |
6. Exide Life Secured Income Insurance Plus
Exide Life Secured Income Insurance Plus plan offers security to you and your family in the form of long-term benefits, death benefit with family income pay-out, etc.
Features:
| Entry Age |
Maturity Age |
Policy Term |
Premium payment mode |
Premium paying term |
| Min 0 years to 50 years
|
Min 18 years to 70 years
|
10, 12, 15 years
|
Annual, monthly |
5, 8, 10 years |
7. Exide Life Secured Income Insurance RP
Exide Life Secured Income Insurance regular payment plan that offers Death Benefit not only in a lump sum but also as income for family for 60 months.
Features:
| Entry Age |
Maturity Age |
Policy Term |
Premium payment mode |
Premium paying term |
| Min 0 years to 55 years
|
Min 18 years to 70 years
|
15 – 25 years
|
Annual, monthly |
Annual, monthly |
8. Exide Life Star Saver
Exide Life Star Saver is a limited payment savings life insurance plan that provides guaranteed tax-free maturity benefit along with comprehensive protection over the entire policy term.
Features:
| Entry Age |
Maturity Age |
Policy Term |
Premium payment mode |
Premium paying term |
| For Policy Term 10 Years: 8 Years– 60 Years
For Policy Term 12 Years: 6 Years– 60 Years
For Policy Term 15 Years: 3 Years– 60 Years
|
Min 18 years to 75 years
|
10, 12, 15 years
|
Annual, half-yearly, monthly |
5 years |
9. Exide Life Saral Jeevan
Exide Life Saral Jeevan plan is a savings plan that helps you save regularly, and get a Guaranteed Sum Assured at the end of the policy term to fulfill your needs. This plan offers two policy variants one is Lump Sum Variant and another one is Income Variant.
Features:
| Entry Age |
Maturity Age |
Policy Term |
Premium payment mode |
Premium paying term |
| Min 0 years to Max 65 yearsMin Entry age 8 years for 10 PPT,
10 years for 8 PPT, 12 years for 6 PPT
Max Entry age 50 years
|
65 years
|
Lump-Sum Variant-12 years, 12/16 years,15/20 years
Income Variant-6, 8, 10 years
|
Annual, half-yearly, monthly |
6/8/10years |
10. Exide Life Saral Bachat
Exide Life Wealth Maxima plan is a unit-linked insurance plan that provides higher financial protection for their family as their responsibilities grow. Exide Life Saral Bachat is a non-linked, non-participating Savings insurance plan that provides life insurance cover during the policy term and Guaranteed Sum Assured on Maturity to help meet your needs.
Features:
| Entry Age |
Maturity Age |
Policy Term |
Premium payment mode |
Premium paying term |
| Min Entry age 8 years for 10 PPT,
10 years for 8 PPT, 12 years for 6 PPT
Max Entry age 50 years
|
65 years
|
Lump-Sum Variant-12 years, 12/16 years,15/20 years
Income Variant-6, 8, 10 years
|
Annual, half-yearly, monthly |
6/8/10years |
11. Exide Life My Assured Income Plan
Exide Life My Assured Income Plan is a unique savings life insurance plan that gives you assured regular income to fulfill your future needs.
Features:
| Entry Age |
Policy Term |
Premium payment mode |
Premium paying term |
| Min Entry age 13 years for 5 PPT,
10 years for 8 PPT, Max Entry age 60 years for 5 PPT,
54 years for 8 PPT
|
10, 16 years
|
Annual, half-yearly, monthly
|
5, 8 years |
12. Exide Life Income Advantage Plan
Exide Life Income Advantage Plan is a unique savings cum protection Life Insurance plan which works to your advantage and provides a regular income.
Features:
| Entry Age |
Maturity Age |
Policy Term |
Premium payment mode |
Premium paying term |
| Min Entry age 10 years for 16 PT,
6 years for 24 PT, 3 years for 30 PT,
Max Entry age 55 years for 16, 24 PT,
50 years for 30 PT
|
Min 26 years for 16 PT,
30 years for 24 PT, 33 years for 30 PT,
Max 71 years for 16, 79 years for 24 PT,
80 years for 30 PT
|
16, 24, 30 years
|
Annual, half-yearly, monthly |
8, 12, 15 years |
13. Exide Life Guaranteed Income Insurance Plan
Exide Life Guaranteed Income Insurance Plan provides a guaranteed regular income and guaranteed tax-free maturity benefit to help you boost your lifestyle
Features:
| Entry Age |
Maturity Age |
Policy Term |
Premium payment mode |
Premium paying term |
| Min Entry age 10 years for 16 PT, 8 years for 20 PT,
6 years for 24 PT, 3 years for 30 PT,
Max Entry age 55 years
|
Minimum: Rs. 90,978 to Maximum: No Limit
|
16, 20, 24, 30 years
|
Annual, monthly |
8, 10, 12, 15 years |
14. Exide Life Sampoorna Jeevan
Exide Life Insurance Sampoorna Jeevan plan is a unique savings plan. Sampoorna Jeevan Exide Life Insurance not only provides life insurance cover till age 75 or 100 years but also gives you the power to customize the payouts to suit your changing life stage financial needs.
Features:
| Entry Age |
Maturity Age |
Policy Term |
Premium payment mode |
Premium paying term |
| Sampoorna Jeevan 75 Min Entry age 12 years for 6 PPT, 10 years for 8 PPT,
8 years for 10 PPT, 6 years for 12 PPT, 3 years for 15 PPT
Sampoorna Jeevan 100- 18 years
Sampoorna Jeevan 75,100 Max entry age 60 years
|
Exide Sampoorna Jeevan 75-75 years
Sampoorna Jeevan 100- 100 years
|
Sampoorna Jeevan 75: 75-entry age
Sampoorna Jeevan 100: 100-entry age
|
Annual, half-yearly, monthly |
6, 8, 10, 12, 15 years |
15. Exide Life New Fulfilling Life
Exide Life New Fulfilling Life is a comprehensive plan that provides life cover till age 85 and periodic survival benefit and income tax benefit, etc.
Features:
| Entry Age |
Policy Term |
Premium payment mode |
Premium paying term |
| 15 to 50 years (For PPT 12,16 or 20 years)
15 to 46 years (For PPT 24 years)
|
85- Entry age
|
Annual, monthly
|
12, 16, 20, 24 years |
Claim Process of Exide Life Insurance Company
The process of Exide Life insurance claim settlement is easy and simple. The claim settlement ratio of Exide life insurance is 98.15% in FY 2019-2020. The Claim Process of Exide Life Insurance policy should be in two modes one is an online process and another one is an offline claim process.
Online Claim Process:
- Visit the official website “Exide Life Insurance”.
- Click on Claim Process
- Register a claim online
- Fill out the form in detail and attach the required documents.
- Submit the online form
- After the submission, the company will verify the documents and assess the claim. You will be kept in the loop through regular messages and emails. If it is genuine the claim amount will be transferred to the registered bank account.
- Call us at 080 49280628 to check the status of your claim post-registration.
Offline Claim Process:
- The first step is to intimate the insurance company by calling on the customer service number
- Visit nearest Exide Life insurance branch office nearest.
- Ask the agent for a claim form and fill in the details and attach the documents required.
- Submit the required documents along with the form
- If need help? Call customer care number to check the status of your claim post-registration.
Exide Life Insurance Calculator
The online Exide life insurance calculator tool is used to calculate the premium of the Exide life insurance policy. PolicyBachat offers an online tool Premium Calculator to calculate the premium of your insurance plan. You can calculate the amount of premium payable by entering a few details such as mobile number, name, date of birth, email address, occupation, type of policy, sum assured, gender, state, etc.
The premium paid by the customer is depending on many factors. The Factors affecting the premium are the age of the policyholder, type of policy, sum assured required, etc. The premium calculator tool will reflect the estimated premium amount that the policyholder will have to pay for the cover he/she requires based on these factors. Once you provide all the relevant details and then click on the submit tab, you will receive details regarding your monthly premium.
How to Buy Best Exide Life Insurance Online?
The process of buying an Exide life insurance policies online has become simple with PolicyBachat. For buying a life insurance plan online please visit Life Insurance and follow the below steps.
- Step1: Enter the details such as Gender, Annual income from all the sources, Alcohol consumption and tobacco consumption, Salaries or Self-employed, and Date of Birth. After this, you need to enter your contact details to facilitate a call from our agent.
- Step2: Now the premium from different insurance companies will be displayed on the screen. You can edit the details such as Coverage, Term, Premium payment method, Mode of claim settlement, etc., and submit the details to get the desired premium. The premium can be changed by changing other factors such as Coverage required, mode of payment, etc.
- Step3: The next step is to select the best life insurance plan and pay the premium to the insurance company before proceeding to fill the proposal form details.