Exide Vs Max Life Insurance Comparison 2024

Updated On: 2023-03-30

Author : Team Policybachat

Exide Life Insurance and Max Life Insurance are two different insurance companies in India. They both provide life insurance services to their customers. But there are a few differences between these two companies that one should know about before choosing an insurance company. In this article, we will compare both life insurance companies’ features, benefits, pricing, and other factors to select the best life insurance policy.

PolicyBachat is an online insurance web aggregator that helps you to calculate the life insurance companies’ pros and cons. It gives distinguishes the carrier backgrounds, and incurred claim settlement ratio to configure the right insurance policy. Get the top carrier quotes to distinguish the best life insurance plan in terms of premium, coverage, and holding experience in the insurance sector.

Exide Life Insurance

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 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 that commenced operations in 2001-02. It is a non-government and commercial life insurance company headquartered in Bengaluru.

Exide Life Insurance Benefits

  • Exide Life Insurance offers an extraordinary range of life insurance products to its customers situated far and wide across the country.
  • Exide Life Insurance has customer satisfaction as its prime endeavor. It offers easy procedures for buying and renewing and claiming your insurance policies.
  • Exide Life Insurance believes in gaining the customer’s trust by providing quality services. The company has a customer-friendly insurance claim process.
  • Exide Life Insurance offers customized premium payment options to suit the capabilities of its customers. Thus, customers can choose the option they are most comfortable with and keep their policies in force.
  • With Exide Life Insurance plans, the policyholders can avail of tax deductions under sections 80C and 10(10D) of the Income Tax Act 1961.

List of Exide Life Insurance Plans

Type of Plans Exide Life Insurance Plans
Term Plans
  • Exide Life Elite Term Insurance Plan
  • Exide Life Saral Jeevan Bima
  • Exide Life Smart Term Pro
  • Exide Life Smart Term Edge
  • Exide Life Term with Return of Premium Plan
Retirement Plans
  • Exide Life New Immediate Annuity
  • Exide Life Smart Pension
  • Exide Life Saral Pension
Savings Plans
  • Exide Life Guaranteed Wealth Plus
  • Exide Life Wealth Maxima
  • Exide Life Assured Gain Plus
  • Exide Life Wealth Builder
  • Exide Life Wealth Elite
  • Exide Life Secured Income Insurance Plus
  • Exide Life Secured Income Insurance RP
  • Exide Life Star Saver
  • Exide Life Saral Jeevan
  • Exide Life Saral Bachat
  • Exide Life My Assured Income Plan
  • Exide Life Income Advantage Plan
  • Exide Life Guaranteed Income Insurance Plan
  • Exide Life Sampoorna Jeevan
  • Exide Life New Fulfilling Life
Child Plans
  • Exide Life New Creating Life Insurance Plus
  • Exide Life New Creating Life Insurance Regular Pay
Health Plans
  • Exide Life Sanjeevani plan
Rider Plans
  • Exide Life Term Rider
  • Exide Life Critical Illness Rider
  • Exide Life Accidental Death Disability and Dismemberment Rider
Group Schemes
  • Exide Life Group Term Life Insurance
  • Exide Life Group Suraksha Plan
  • Exide Life Group Micro Term Insurance
  • Exide Life Group Gratuity Plan
  • Exide Life Group Illness Rider

Max Life Insurance

Max Life Insurance Company is one of the best life insurance companies in India. It is often the simplest things that bring the most happiness in life. Max Life Insurance, constantly tries to create solutions to make life insurance plans easy, affordable, and suitable for every stage of your life. Max Life Insurance offers a wide variety of life insurance products for individuals and families. Max Life Insurance industry has many happy customers based on their claims percentage, sum assured, assets under management, persistency, and solvency ratio. The Max Life Insurance company dedicatedly tries to create a solution to make life insurance more affordable, easy, and suitable for all customers at every stage of life.

Max Life Insurance Benefits:

  • Max Life Insurance products help the insured to provide financial security to their family and safeguard them against any type of eventualities.
  • With a max life insurance policy you can plan for your children’s future education, marriage, etc. The insurance benefits they will receive after you help them fulfill their dreams just as you have planned for them.
  • With Max Life Insurance policy you can opt for life insurance plans with maturity benefits to enjoy life with financial independence and also create wealth, which can be used to fulfill various life goals.
  • There are various life insurance plans that you can choose from max life insurance that will plan for your retired life. You can select monthly income or lump sum pay-outs with these plans to enjoy your life after retirement without financial worries.
  • Max's life insurance policies provide certain tax benefits under section 80C and section 10 (10D) of the income tax act, 1961.

List of Max Life Insurance Plans

Type of Plans Max Life Insurance Plans
Term Insurance Plans
  • Max Life Smart Secure Plus Plan
  • Max Life Smart Term Plan
  • Max Life Online Term Plan Plus
  • Max Life Fast Track Super
  • Max Life Platinum Wealth Plan
  • Max Life Online Savings Plan - Variant 1
  • Max Life Online Savings Plan - Variant 2
  • Max Life Shiksha Plus Super
  • Max Life Forever Young Plan
Retirement Plans
  • Max Life Saral Pension Plan
  • Max Life Forever Young Pension Plan
  • Max Life Guaranteed Lifetime Income Plan
  • Max Life Life Perfect Partner Super Plan
Guaranteed Savings Plans
  • Max Life Savings Advantage Plan
  • Max Life Monthly Income Advantage Plan
  • Max Life Whole Life Super
  • Max Life Assured Wealth Plan
Guaranteed Income Plans
  • Max Life Term Plan with Return of Premium
  • Max Life Smart Wealth Plan
  • Max Life Online Savings Plan
  • Max Life Long Term Plan
  • Max Life Short Term Plan
  • Max Life Cancer Insurance Plan
Child Plans
  • Max Life Future Genius Education Plan
  • Max Life Siksha Plus Super Plan
Group Plans
  • Max Life Group Saral Suraksha Plan
  • Max Life Group Term Life Platinum Assurance
  • Max Life Group Credit Life Premier Plan
  • Max Life Group Gratuity Premier Plan
  • Max Life Group Super Life Premier in lieu of EDLI
  • Max Life Group Super Life Premier
  • Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana
  • Max Life Group Credit Life Secure Plan

Comparison Table of Exide Life Insurance vs Max Life Insurance

Parameter Exide Life Insurance Max Life Insurance
Claim Settlement Ratio 98.54% 99.35%
Solvency Ratio 2.24 2.02
Inception 2000 2000
Number of Branches 200+ 277
Availability Online/Offline Online/Offline
Life Cover Up to 99 years Up to 99 years
Types of Plans
  • Term I Plans
  • Child Plans
  • Retirement Plans
  • Savings Plans
  • Investment Plans
  • Health Plans
  • Rider Plans
  • Term I Plans
  • ULIP Plans
  • Child Plans
  • Online Plans
  • Retirement Plans
  • Savings Plans
  • Health Plans
  • Group Plans
  • Premium Payment
  • Buy Policy
  • Renewal Policy
  • Claim Settlement
  • Application Tracking, etc.
  • Buying Policy
  • Renewal Policy
  • Update Information
  • Pay premium payment
  • Application Tracking
  • Claim Settlement, etc.
  • Premium Calculation, etc.
Riders  Available
  • Critical Illness Rider
  • Term Rider
  • Accidental Death Disability and Dismemberment Rider
  • Accidental Death Benefit Rider
  • Waiver of Premium Rider
  • Term Plus Rider
  • Critical Illness Benefit Rider

How to Save Money on Exide Life Insurance and Max Life Insurance Policies

Save money on your Exide Life Insurance and Max Life Insurance by providing the best tips and tricks.

  • Some of the key points that you should keep in mind while buying an insurance policy are:
  • Be aware of the exclusions in your policy. The exclusions are usually related to any pre-existing medical conditions, which may not be covered by your insurer.
  • Ensure that you have a proper understanding of the premium rates offered by different insurers before making your final decision.
  • Check and compare the cost of premiums for different insurers before making your final decision.
  • Read all terms and conditions carefully before signing up for a new policy with any insurer.


The decision on life insurance is a very important one. It is based on a person’s financial needs and risk tolerance. There are many types of life insurance policies that a person can choose from. To make a better decision, you should make sure that you have all the information about life insurance companies available in the market. However, this decision has become much easier with the help of PolicyBachat. Looking for Max life insurance vs Exide life insurance Comparison, Key Benefits, and Features to buy the best life insurance, PolicyBachat is helping you find the best life insurance that fits your requirement.

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