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Articles » Life insurance » Exide Life Insurance – Compare Plans, Premiums & Renewals
Exide Life Insurance

Exide Life Insurance Overview


Exide Life Insurance company is one of the most believable insurance companies in India.

This company has more than 15 lakh customer over the country, Exide Life Insurance customer base is consistently growing.

For this company give awarded  “India Leadership Award” for Marketing and Social media initiative.

For every stage of an agent life, the company provides solutions that will help him/her to live a great life till the Golden years along with building the solid economic foundation for the customer’s family.

The company steps outwith life insurance and provides need-based life insurance solutions.

The Exide Life Insurance Company Limited offers life insurance services.

It proves protection plans, including life, health and accident; savings and investment plans, such as a child, life goals, inheritance, and surplus for investments; and retirement and pension plans.

Company History:

The company also provides group life insurance solutions, which comprise group term life solutions and gratuity products.

Loan protection solutions, group term life solutions and gratuity products, loan protection solutions, which comprise group term life solutions and gratuity products, loan protection solutions, group traditional employee benefit plans, and employees’ deposit linked insurance schemes in addition.

It covers investment options, including savings, guaranteed income insurance, endowment, endowment assurance long-term, and short-term investment, investment insurance, secured.

Exide Life Insurance Company Limited, a founded and profitable life insurance company, commenced operations.

It is headquartered in Bengaluru.

The company is 100% possessed by Exide Industries Limited.

Exide Life Insurance delivers its products through multi-channel viz. Agency, Bancassurance, corporate Agency & Broking, Direct channel and online.

The Agency channel comprises 45,000 advisors who are attached to over 200 company over the country.

The company also offers group life insurance solutions.

The company is focused on offering long-term protection and savings solution plans and has a strong traditional product portfolio with a consistent bonus track record.

Also read: SBI Life Insurance

Exide Life Insurance Company:


One of the prime life insurance companies in India.

The Exide Life Insurance Company is one of India’s leading life insurances.

This insurance company enjoys the trust of expertise, stability, and strength.

The company provides a wide range of effective life insurance products which will easily meet the desired needs of consumers.

The company cover tailored life insurance products to deal with different types of needs.

Company completely trusts in customer satisfaction and thus try to help them in every possible manner.

The company providing a huge range of effective life insurance products at minimum prices.

You will get complete protection, economic stability with different types of requirements.

Also, the company completely trust in customer satisfaction and thus try to help them in every possible manner.

You will get complete protection, economic stability with different benefits as well.

Under the Exide Life Insurance company, you will be able to get up plans, term insurance, child plans, retirement plans, group life insurance, investment plans, etc.

The claim settlement system is also easy and transparent, so you can easily depend on it.

Life Insurance basically provides you protection and opportunities to invest your important money to get high returns. It helps in creating wealth as well.

Life insurance is basically an effective insurance policy that assures that the dependents of the insured continue to have the needful financial security after guarantees retirement.

Exide Life Insurance

Company Details:

By purchasing a life insurance policy and paying a regular premium for the same, you basically safeguard all the financial requirements of your family.

In case if you expire during the tenure of your plan, the nominee as per stated in the documents of the policy will be able to receive tax-free cash payouts of a predetermined amount.

With the growing requirements of the consumer, several insurance companies have come out with different types of plans that can easily meet the new lifestyle changes.

An effective life insurance policy will offer:

  • Pure life cover.
  • Economical investment planning.
  • Investment planning.
  • Minor education.

Exclusions of Exide Life Insurance Policy:

Claims may not be taken or accepted if the life insured under the policy, whether medically sane or insane, commits suicide.

Policy can be void if any misrepresentation, fraud, and loss are committed by the policy owner.  

Also read our blog on Max Life Insurance

Exide Life Insurance

Benefits of Purchasing Exide Life Insurance:

Online Services: The Exide Life Insurance is various automated services offered currently are online rebirth premium payment, download payment receipt, instantly update the contact details.

The company is offering a wide range of effective life insurance products at minimum prices.

Easy Claim Settlement: For the Claim form Exide Life insurance login. Fill in the details and submit the claim form.

Online Payment: The customer can rebirth his/her policy via paying premium online using credit or debit cards, net banking and also through e-wallets in an easy way.

It is easy for customer hassle-free process.

Mobile App: With the help of the company’s Mobile Application, all the needed transactions that need to be carried out by the customer can be performed through this app.

Social Media Presence: Exide life insurance company are covered social media tools to the customer.

Offers cash so that your family keeps on living with pride.

Term Insurance also deals with family, if there is an occurrence of your handicap or essential alignment.

Provides also salary if there should be an occurrence of loss of income because of unplanned disability or disease.

Get a lump sum, if certain to have a server condition.

And safeguarded in the event of accidental death.  

Exide Life Insurance
Exide Life Insurance

Exide Life Insurance Plans


The Exide Life Insurance Plans are available in four types.

Exide Life Insurance Plans most important and profitable plans.

There plan types are under classified as:

Term Insurance or Protection Plan.Child PlanSaving and Investment plansRetirement and Pension Plans
Exide Life Smart Term Plan-classicExide life Wealth Maxima-Maxima ChildExide Life New Fulfilling Life
Exide Life Golden Years Retirement Plan
Exide Life Smart Term Plan-Set-upExide Life Mera AashirvadExide Life Wealth Maxima
Exide Life Smart Term Plan-ComprehensiveExide Life New Creating Life Insurance PlanExide Life Income Advantage Plan
Exide Life Star Saver
Exide Life guaranteed Income Insurance Plan

Protection Plans Of Exide Life Insurance


The Exide Life Insurance plans provided flexible premium paying options and offer you comprehensive protection options.

Pay a nominal annual and save the economic future of you and your family.

You can get appreciate protection through Exide Life critical illness and accident riders.

HDFC Life Insurance is one of the best life amongst other life insurance companies.

1. Exide Life Smart Term Plan-classic:


In this policy, you will get an amount equal to 100% of yearly premiums paid.

Key features

  • Policy period: 10 to 30 year.
  • Premium payment frequency: Yearly, half-yearly, and monthly.
  • Minimum sum assured: Rs. 5-10 lakhs.( depending upon single pay, 5 pay, regular pay).
  • Arrival age for individual and 5 pay is 18 to 65 years and for regular paying mode is 60 years.
  • On the death in the policy term, sum assured will be paid.
  • In this plan offered a premium discount for female.
  • Tax benefit on premiums paid and claims received.

Also read: HDFC Life Insurance

2. Exide Life Smart Term Plan-Set-up:


This plan you will get a balance equal to 110% to 150% of annual premiums to pay.

Features

  • Arrival age for 5 pay is 18 to 60 year years and for regular paying mode is 58 years.
  • On end of life in the policy term, sum assured will be paid.
  • In this plan offers a premium discount for female.
  • Charge benefit on premiums paid and claims received.
  • On survival of the policy term, a balance up to 150% of annual premiums paid by you is returned.   
  • Policy period: 10 to 30 year.
  • Premium payment frequency: Yearly, half-yearly, and monthly.
  • Minimum sum assured. 5 and 10 lakhs.

3.  Exide Life Smart Term Plan-Comprehensive enhanced protection with the return of premium:


You can add the most life cover to the base cover by paying a nominal additional yearly premium. In the event die, the total base vote and the additional life cover will be paid to your family.

Features:

  • Policy period: 10 to 30 year.
  • Premium payment frequency: Yearly, half-yearly, and monthly.
  • Minimum sum assured: Rs. 5-10 lakhs.( depending upon single pay, 5 pay, regular pay).
Exide Life Insurance

Exide Life Child Plans:


As a parent, it becomes you respond to save your child’s future by investing in a good life insurance plan.

Exide Life Insurance provide compare when minor insurance plans they are designed to provide for your child’s education, wedding, and other expenditures.

1. Exide Life Wealth Maxima- Maxima Child:


The Maximise your wealth with this Unit Linked Insurance Plan. It can comfortably offer for your child.

Features:

  • Premium pay period:  10,15 to 20 years.
  • Policy term:  Same as Premium Paying Term.
  • Premium payment frequency:  Yearly, half-yearly and monthly.
  • Highest premium: Rs. 6,000 to Rs. 780000.
  • Sum assured: 7 or 10 times analyzed premium.
  • Highest sum assured: 1.1 to 1.25 times the top-up premium.

2. Exide Life Mera Aashirvad:


Your child’s aims with this minor insurance plan which provides both maturity and die benefits.

Benefits:

  • Premium pay period: 10 to 20 years.
  • Policy term: 5, 10, 20 years.
  • Lowest  Sum Assured: Rs. 3,50,000 for premium paying term 10 to 14 years and Rs. 4,50,000 for premium paying term 15 to 20 years.
  • Insured Life Cover: 105% of premium paid, sum assured or 10 times the annualized premium

Also read: Birla Sun Life Insurance

3. Exide Life New Creating Life Insurance Plans:


Even in your leave, you can help your minor achieve his or her goals with the Exide Life New Creating Life Insurance Plus and Exide Life New Creating Life Insurance Regular Pay plans.

Features:

  • Premium pay period: 5, 7, or 10 years for Plus and 15 to 25 years for Regular Pay.
  • Policy term: 10 to 20 years for plus and same as premium paying term for regular pay.
  • Premium payment frequency: Annual and monthly.
  • Premium waived for both Plus and Regular Pay plans.
  • Insured addition of 10% of Sum Assured on maturity for the plus plan.

Exide Life Saving and Investment

1. Exide Life New Fulfilling Life:


Your family wants short-term and long-term economic needs. Exide Life has completed this requirement.

Key features:

  • Premium period: Until 85 years of age
  • The Premiums Paying Term: 12,16,20 and 24 years
  • Premium payment frequency: Annual and monthly.
  • Maturity benefit: Sum Assured plus accumulated bonuses
  • Term cover: 10 times the annual premium plus accumulated bonuses.

     2. Exide Life Wealth Maxima:


Highest your wealth and enjoy most economical protection with Exide Life wealth    Maxima, a Unit Linked Insurance Plan covers by Exide Life Insurance.

Key features:

  • Premium period:10,15 to 20 years.
  • The Premiums Paying Term: Same as policy term
  • Premium payment frequency: Yearly, half-yearly, and monthly
  • Sum assured: 7 or 10 times analyzed premium.

   3. Exide Life Income Advantage Plan:


You can opt for appreciating protection through Exide Life Accidental Death, Disability and dismemberment Benefit Rider, Exide life term rider or Exide life Critical illness rider.

  • Premium period: 16, 24 and 15 years.
  • Premium Paying Term: 8,12,and 15 years.
  • Benefit payout them: Same as premium paying term.
  • Premium payment frequency: Annual and monthly.

  4. Exide Life Star Saver:


In this providing limited payment investments plan also gives your insured tax-free maturity benefit.

  • Premium period: 10,12, and 15 years.
  • The Premium Paying Term: 5 years.
  • Premium payment frequency: Yearly.

 5. Exide Life guaranteed Income Insurance Plan:


In this plan covering protection for full policy term, this plan also gives you regular income at 11-13%.

  • Premium period:15, 20, 24, and 30 years.
  • The Premiums Paying Term: 7,10,12 and 15 years.
  • Premium Payment frequency: Annual and monthly.
  • Minimum sum assured: Rs. 90,978.
Exide Life Insurance

Exide Life Retirement and Pension Plans:


1. Exide Life Golden Years Retirement Plan:


It gives you a tax-free amount equal to the fund value upon maturity.

Customer made partial withdrawals after completing 5th policy year.

  • Premium period payment: Single Pay, Limited Pay(5 to 9 years)
  • Premium Term: 10 to 42 years, 10 years, 15 to 42 years
  • Minimum Single Premium:240000.
  • Premium payment frequency: Annual and monthly.
  • Annuity options: Guaranteed for life.
How to generate a claim with Exide Life Insurance Company Limited?

The Exide Life Insurance is a very easy and simple process.

There steps under classified as:

  • Make your claim quick after the loss has happened.
  • Make use the claim intimation form that is available at the nearest Exide Life Insurance branch.
  • Joint the important documents with the duly filled claim intimation form.
  • You can endure the form with the documents at the nearest Exide Life Insurance branch or mail it to customer services, Exide Life Insurance Company Limited.
  • You will take a receipt letter after registration. Your policy number can be used for any objection you may have until the claim is settled.
Documents required for purchasing Exide Life Insurance Policy:
  • Label proof (passport or voter’s ID).
  • Age Proof (Voter’s ID).
  • Pay proof (previous month’s payslips).
  • Address proof (Passport or electricity bill, telephone bill or water bill).
  • Income tax (PAN card.)
  • Bank Passbook.
  • Property tax or municipal tax receipt.
  • Bank account or post office account statement.
  • Latest service bills like electricity, gas, and telephone but it should not be more than 2 months old.
  • Rent agreement.
  • Letter of reconciliation allocation from state or central government, financial institutions or listed companies.
  • Passport size photograph.
  • Lebel Proof: Any one of the bebelow-mentioned documents are to comply towards proof of identity.
  • Passport
  • PAN card
  • Voter’s Identity card
  • Driving license
  • Job card pay by NREGA, signed by a state Government officer.
  • Aadhar card.

Also read: Exide Life Insurance

How to Check Policy Status?

The Exide life insurance policy status can be checked via one of two ways:

Online Process: Exide Life Insurance login website, click on ‘Track you policy’ link, and log into your ‘My Life’ account using the registered user ID and password to check your policy status.

Offline method: You can also send an inquiry below mentioned complete an Exide Life Insurance customer care executive at 1800 419 8228 toll-free number.

Exide Life Insurance Online Payment


Pay online: Exide Life Insurance login website and pay your renewal premiums online through net banking, e-wallet, credit card or debit card.

Auto-Debit Arrangement: Set up auto-debit facility by filling up the Direct Debit conform it along with a copy of an individualised cancelled cheque at the nearest Exide Life Insurance branch.

Visit the nearest Exide Life Insurance Branch: Exide Life Insurance online payments through cash, credit card, debit card, cheque or Demand Draft in favor of ‘Exide Life Insurance Policy No.’

Axis Bank branch: Pay payments via cash, DD or local cheque.

NEFT or RTGS: Exide Life Insurance Premium Payment using any of your bank accounts via NEFT or RTGS facility by adding Exide Life Insurance as beneficiary.

South Indian Bank branch: Display your renewal Exide Life Insurance Premium Payment receipt or notice and pay via cash.

Max Life Insurance is also one of the best life insurance company.

Exide Life Insurance Premium Calculator:


Exide Life Insurance Premium calculator can be done in a few easy steps:

  • The Exide Life Insurance login website and click on ‘Premium calculator’ link.
  • Choose an Exide Life Insurance Plans.
  • Undertake plan details such as required Life cover, date of birth, gender, Premium Paying Term, and Policy term.
  • Show personal details such as name, mobile number, email ID, city, State and whether you’re a smoker or non-smoker.
  • Prospective a summary of premium. You can also opt to have premium queries sent to your email ID.
Exide Life Insurance

Exide Life Insurance Customer Care:


Exide Life Insurance Customer Care Number: 1800-419-8228

care@exidelife.in or 1800-419-8228 for any information on your account.

Exide Life Insurance

Exide Life Insurance FAQs:


What is Exide life insurance renewal process?

Step 1: Simply undertake your policy details and date of birth to log into your account.

2nd step: Exide Life Insurance Premium payment through Debit/Credit card or Net Banking.

Step 3: Copy the cyber receipt of the premium payment made and logging into your ‘My Life’   account.

How do I cancel my life insurance policy?

 After paying a specified premium or continuing the policy for a specific period, the policy reaches a surrender value.

Visit the nearest Exide Life Insurance branch to take surrender form.

Submit the correctly filled and signed surrender form along with the following documents:        

  • Original policy assurance.
  • Original photo ID proof.
  • Canceled individualized cheque or latest bank statement.
  • Income tax (PAN card).

Once the resignation process is complete, you will receive a confirmation call from the company.

What riders are provided by Exide Life Insurance?

Following are the Exide Life Insurance provides two riders:  

  • Exide Life Injury Death, Disability, and Dismemberment Benefit Rider:
  • This ADDD rider can be joint to new or existing traditional Exide Life Insurance policies.
  • It protects against accidental death, disability and dismemberment.
  • Exide Life Critical Illness Rider: This rider can be attached to new or existing traditional Exide life Insurance policies. This add-on pays a lump sum benefit if the life assured has been diagnosed with a critical illness.  

How to pay a premium? What are the modes of payment available?

  • Exide Life Insurance Company provides  8 modes of premium payment.
  • Money payment at the branch.
  • Installment at the Axis Bank.
  • The amount at ING Bank

Online payment

NEFT, ECS, Auto Debit, Credit Card & Net Banking.

Also read: What is life insurance

What is the Exide Life Income Advantage Plan?

Exide Life Income benefit Plan is one of the best investment insurance plans. Which works to your benefit by offering a regular income and term insurance cover.

Reasons to buy this plan:

  • Insured Income.
  • Pay in the first half, net income during the second half of the policy term.
  • Flexible options to take payouts.
  • Term insurance cover for Full policy term.
  • The Exide Life has a good record of die claim settlement record.
  • It has settled 96% of the die claims while 91% of the claim amount was paid.
  • The plan gives you the 3 option of the claim payment.
  • It does require the physical medical checkup.
Exide Life Insurance

Who should buy Exide Life Insurance?

Exide Life Insurance Company is the most prime insurance company in India.

It’s having more than 15 lakh agents across the country, Exide Life Insurance customer base is consistently growing.

The company steps beyond term insurance and offers requirement based life insurance solutions.

Awarded as “India Leadership Award” for Marketing and social media enterprise.

Exide Life Insurance
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