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Exide Life Insurance Company Limited, is an established and profitable life insurance company, which commenced operations in 2001-02. The Company is head quartered in Bengaluru. It manages assets of INR 18,381 Crores (as on 31 March, 2021). Exide Life Insurance distributes its products through multiple channels viz. Agency, Bancassurance, Corporate Agency & Broking, Direct Channel and Online. The Agency channel comprises of 40,000+ advisors attached to across 200 locations across the country (as on 31 March 2021). The Company offers individual as well as group life insurance solutions.
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For more than six decades, Exide Industries has been one of India's most reliable brands, enjoying unrivalled reputation and recall. Constant emphasis on innovation, extensive geographic footprint, strong relationship with marquee clients and steady technology upgradations with global business partners has made Exide Industries, a reliable brand that India trusts. Recognized as the Economic Times Best Brand under the BFSI category in 2020, Exide Life Insurance Company Limited is 100% owned by Exide Industries Limited. One of the pioneers among private life insurers in India, the Company was founded in 2000, and started its operations from 2001.
How do you ensure your family’s future stays secure? The answer is, by getting the right protection for yourself. Because once you are well protected, your family can live without worries. They will be able to live life just as they did when you were around. The right protection plan builds a solid foundation for your family.
With Exide Life Insurance protection solutions, you can ensure a solid foundation for your family’s financial future. You can choose a protection plan and add riders over it that offer protection against critical illnesses and accidental disabilities. Thus protecting you and your loved ones comprehensively.
| Classic | Comprehensive | |
| Min Age at Entry | 18 years | 18 years |
| Max Age at Entry | 60 years | 60 years |
| Max Age at Maturity | 75 years | 75 years |
| Policy Term | 12-30 | 12-30 |
| Min Sum Assured | 5 lakhs | 20 lakhs[10 lakhs Base +10 Lakhs Extra protection] |
| Premium Premium Term | Same as Policy Term | |
| Min Sum Assured | As per the board approved Underwriting policy of the company As per eligibility | |
| Product Features | Premium Paying Term | |||
| 5 Pay | 8 Pay | 10 Pay | 12 Pay | |
| Entry Age(years) | 18 to 60 | 18 to 60 | 18 to 60 | 18 to 60 |
| Policy Term (years) | 15 to 40 | 15 to 40 | 15 to 40 | 15 to 40 |
| Minimum Sum Assured (INR) | 50 lakhs | 15 lakhs | 15 lakhs | 15 lakhs |
| Maximum Sum Assured (INR) | As per the Board Approved Underwriting policy of the company | |||
| Maximum Maturity Age | Age 80 years | |||
| Premium Paying Mode | Mode Monthly and Annual | |||
| Minimum / Maximum Age at Entry | 18 years / 65 years age last birthday |
| Maximum Maturity Age | Maximum Maturity Age 70 years age last birthday |
| Policy Term |
Single pay and Regular pay: 5 years to 40 year Limited pay – 5 years :10 years to 40 years Limited pay – 10 years: 15 years to 40 years |
| Premium Paying Term (PPT) |
Regular Premium: Same as policy term Limited Premium Payment term for 5 years and 10 years |
| Minimum Sum Assured | 5 lakhs |
| Maximum Sum Assured |
25 Lakhs ( Subject to underwriting guidelines) Regular and Limited Premium Payment Options: |
| Premium Mode |
Regular and Limited Premium Payment Options: Yearly; Half Yearly Monthly (only under ECS / NACH) Single Premium: In Lump sum. |
The company offers specific plans which are available online only. The customer only needs to log into the company’s website, choose the required plan, choose the coverage and provide the details. The premium will be determined using the filled details. The customer then needs to pay the premium online through credit card, debit card or net banking facilities and the policy will be issued
Plans which are not available online can be purchased from agents, brokers, banks, etc. where the intermediaries help with the application process.
In the other options you can make the payment at South Indian Bank branches, in Karnataka you can make the payment at Karnataka one counters through cash, DD, Cheque, Debit or Credit card. In Bangalore you can also make payment at Bangalore one counters by cash, DD, Cheque, or credit cards. You can also pay at HDONE counters with cash, cheque, or DD if you are in Hubli or Dhrwad.
For the online payment mode, the policyholder can pay via;
Step 1: Simply enter your policy details and date of birth to log into your account
Step 2: Make payment via Debit/Credit card or Net Banking
Step3: Print the cyber recipt of the premium payment made
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
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