Start Saving Money on Insurance Policy

Compare Life, Health, Car and Two wheeler Insurance rates from top Insurance companies for free.

1,000+ Reviews
Been Here Before?
Get Back to My Quotes

Exide Life Insurance Company (Plans, Claim Process)

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 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.

Types of Plans Offered by Exide Life Insurance Company

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 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 or Write an email Claims@exidelife.in
  • Fill 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 080 49280628 to check the status of your claim post-registration.

FAQ's of Exide Life Insurance

How Can I Check Exide Life Insurance Policy Details With Policy Number

You can check Exide Life Insurance policy details with policy number easily in simple steps

  • Step1: Visit the official website of Exide Life Insurance
  • Step2: Click on the Login portal and then enter the details such as register email id, mobile number, user id, etc.
  • Step3: OTP will receive the registered mobile number
  • Step4: After successful login, enter the policy number. You can check the policy details displayed on the screen.

How to Calculate Surrender Value of Exide Life Insurance Policy

The surrender value of the Exide Life insurance policy is calculated as a Single premium multiplied by 75% of the outstanding term to maturity/ total term. In case of increasing term assurance, the surrender value is calculated as a Single premium multiplied by 80% of the outstanding term to maturity/ total term again multiplied by the average of effective sum assured at surrender and effective sum assured at the time of maturity/ Average of initial sum assured and effective sum assured at maturity.

Recent Posts

Reviews & Overall Rating

PolicyBachat has near-perfect ratings on Google and Facebook. Here’s what our customers are saying.

PolicyBachat Rating

Dots

Start Saving Money on Insurance Policy

Compare Life, Health, Car and Two wheeler Insurance rates from top Insurance companies for free.

1,000+ Reviews
Been Here Before?
Get Back to My Quotes

Leave a rating!

0.0 (0 votes)

Please wait while your request is being processed.